Introduction:
NEAR is a smart contract blockchain platform, which is efficient community-based, and developer-friendly. It is a decentralized development platform that uses a Proof-of-Stake (PoS) consensus mechanism and will eventually feature a sharded architecture to scale transaction throughput.NEAR is created by Alexander Skidanov and Illia Polosukhi in 2018. Its block generation scheme is called Doomslug and its proposed sharding design is dubbed Nightshade. These technologies will work together to scale the network and minimize congestion. NEAR has also been designed to be developer and user-friendly as it features a few key innovations to accelerate the application development and user-onboarding processes. The NEAR blockchain was created and developed by the NEAR Foundation. Its mainnet went live in April 2020, and network validators voted to unlock token transfers in October 2020
Circulating Supply == 443,854,926.00 NEAR
Circulating Supply is the best approximation of the number of assets that are circulating in the market and in the general public’s hands.
Max Supply == 1,000,000,000 NEAR
The maximum amount of coins that will ever exist in the lifetime of the cryptocurrency. It is analogous to the fully diluted shares in the stock market.
Total Supply == 1,000,000,000 NEAR
The amount of coins that have been already created, minus any coins that have been burned. It is analogous to the outstanding shares in the stock market.
Aug-2021,Week-32:
High vs Low Comparison:
Open vs Close Comparison:
Aug-2021,Week-33:
High vs Low Comparison:
Open vs Close Comparison:
Aug-2021,Week-34
High vs Low Comparison:
Open vs Close Comparison:
Aug-2021,Week-35
High vs Low Comparison:
Open vs Close Comparison:
Consolidated August 2021:
Aug-2021 Average Volume on weekly basis:
From the above chart analysis its very clear that month of August 2021 is bullish in the week on week average volume. The liner pattern is very accurate for the uptrend. But the price movement is totally depends on the pressure of the buying since many new projects are aligned in queue with NEAR Protocol. Closing values for weeks are as follows
Aug-2021 Average Market Cap on weekly basis:
From the above chart analysis its very clear that month of August 2021 is bullish in the week on week average market cap. Closing values for weeks are as follows
Conclusion:
From the technical perspective, the NEAR coin showed a great bullish outlook for its price action and indicators, providing a favorable condition to look for good long opportunities in this coin. Thus, as mentioned above, the NEAR coin offers traders amazing opportunities
