A popular crypto analyst says the price of Ethereum challenger Near Protocol (NEAR) is ready to rally as on-chain metrics indicate a massive demand for the decentralized application platform.
Псевдонимдүү Монета бюросунун ээси Гай айтылат his 2.02 million YouTube subscribers that the number of daily transactions and projects building on NEAR has more than doubled since December 2021, potentially lucrative news for the market cap of the protocol.
Guy also mentions that unique wallet addresses and total value locked on the protocol also saw impressive growth.
“The best part is that Near Protocol’s market cap is still in the medium range, meaning it still has lots of room to grow. To put things into perspective, NEAR would have to triple in price for Near Protocol to crack the top ten and I reckon that’s a reasonable target if we don’t enter a bear market.”
As to whether or not NEAR could become one of the ten largest crypto assets by market cap, Guy says it would depend on its upcoming milestones. Of those mentioned in Near Protocol’s official roadmap, the analyst says that the most important is dynamic resharding, which will allow the blockchain to automatically scale as demand increases or decreases.
“I’ll just repeat what I believe to be the most important of the milestones mentioned in the roadmap and that’s dynamic resharding, which is expected to be implemented before the end of the year. Dynamic resharding will make it possible for Near Protocol to automatically create and destroy shards based on the demand for its blockchain.
The simple explanation is that a shard will automatically split in two when too many people are using it and shards without many users will automatically merge so that validators aren’t wasting resources, securing unneeded shards. In theory, dynamic resharding will make Near Protocol infinitely scalable.”
I
текшерүү Баа Action
Beat сагынбаңыз - жазылуу электрондук почта билдирүүлөрүн электрондук почтаңызга түздөн-түз жеткирүү үчүн
Постту бизди Twitter, Facebook жана телеграмма
Surf Daily Hodl Mix
Disclaimer: The Daily Hodl айтылган пикирлер салым кеп эмес. Investors Биткойн, cryptocurrency же санариптик каражаттарды ар кандай жогорку тобокелдик салымдарды чыгарар алдында текшерүү керек. Сураныч, которуулар жана кесип ээлери өз коркунучу бар экенин эскертип турган жана эч бир сиз жооптуу болуп калышы мүмкүн жоготот. Daily Hodl кандай cryptocurrencies же санариптик каражаттарды сатып алуу же сатуу сунуш да Daily Hodl салым насаатчысы эмес. Ошол Сураныч Daily Hodl санаторийи маркетинг катышат.
Сунушталган сүрөт: Shutterstock / vectorpouch
Source: https://dailyhodl.com/2022/04/21/one-ethereum-competitor-is-primed-for-an-explosive-rally-according-to-coin-bureau