NEAR is betting big on multi-chain liquidity connectivity through NEAR Intents. This new standard enables large-scale stablecoin transactions between Ethereum, Solana, Tron, Tong, and Layer 2 at very low cost.
NEAR aims to improve capital efficiency and become an “integrated liquidity layer” for all on-chain transactions. The question is, will this strategic move be strong enough to push up the price of NEAR after a long accumulation phase?
Sponsored Sponsored
NEAR wants to become a liquidity hub for Web3
According to the latest update to the NEAR protocol, NEAR Intent has been introduced as a new standard for large-scale stablecoin transactions. It aims to enable efficient and secure stablecoin swaps of up to $1 million between different chains.
“Today is the next step. We are now the best place to exchange size stablecoins 1:1 with minimal fees.” NEAR co-founders said:
Some analysts have described NEAR Intents as a “cypherpunk liquidity engine” that could change the way stablecoins operate across multiple chains.
In fact, widespread adoption of the NEAR intent could theoretically increase the volume of stablecoins, raise transaction fees, and create demand for NEAR tokens (if appropriate fee collection mechanisms are implemented).
However, real success will depend on whether NEAR can share this economic value with its native token. Otherwise, most of the benefits will not be reflected in the token price and will be given to higher-tier applications.
Sponsored Sponsored
NEAR shows signs of long-term accumulation before breakout
The NEAR ecosystem is also showing a positive recovery in terms of user activity and capital inflows. According to data, NEAR is one of the blockchains with the highest number of monthly active users.
Additionally, Grayscale revealed that NEAR is one of the largest holdings in the Grayscale Decentralized AI Fund, reflecting strong long-term institutional confidence.
From a technical perspective, many analysts believe that NEAR will be in an accumulation phase through 2025. Michael van de Poppe says the market could witness a strong breakout if the price breaks above the $3.25 to $3.50 resistance range.
Meanwhile, another analyst noted that an “inverted head and shoulders” pattern is forming on the daily chart.
“A breakout above the neckline (around $3.3) could confirm a bullish reversal. If the breakout holds, the technical target is around $4.78,” the analyst commented.
BeInCrypto recently reported Near Protocol surpasses Solana in daily active users and ranks second among layer 1 blockchains. Analysts believe NEAR is undervalued, with a price target of $10.82, representing a potential upside of 315%.
However, according to BeInCrypto data, NEAR’s price is still down more than 37% year-on-year and 86% below its 2022 ATH, indicating that the market is still waiting for clear confirmation of liquidity and capital inflows.
