Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesBotsEarnCopy
sidebarIcon
NEAR Protocol price

NEAR Protocol PriceNEAR

Listed
focusIcon
subscribe
Buy
$3.02USD
+7.44%1D
The NEAR Protocol (NEAR) price in is $3.02 USD as of 12:37 (UTC) today.
Price Chart
TradingView
Market cap
NEAR Protocol price live chart (NEAR/USD)
Last updated as of 2025-05-22 12:37:18(UTC+0)
Market cap:$3,680,897,659.03
Fully diluted market cap:$3,680,897,659.03
Volume (24h):$316,611,630.96
24h volume / market cap:8.60%
24h high:$3.05
24h low:$2.77
All-time high:$20.42
All-time low:$0.5260
Circulating supply:1,217,892,400 NEAR
Total supply:
1,251,423,890NEAR
Circulation rate:97.00%
Max supply:
--NEAR
Price in BTC:0.{4}2717 BTC
Price in ETH:0.001139 ETH
Price at BTC market cap:
Price at ETH market cap:
Contracts:
0x1fa4...dee5d63(BNB Smart Chain (BEP20))
Moremore
Links:

Do you think the price of NEAR Protocol will rise or fall today?

Total votes:
Rise
0
Fall
0
Voting data updates every 24 hours. It reflects community predictions on NEAR Protocol's price trend and should not be considered investment advice.

About NEAR Protocol (NEAR)

What Is NEAR Protocol?

NEAR Protocol is a decentralized platform tailored for the creation and execution of serverless applications and smart contracts. It was founded in 2017 by Alex Skidanov and Illia Polosukhin. Fundraising events of NEAR Protocol attracted such investors as Andreessen Horowitz, FTX Ventures, and Pantera Capital. The official launch in April 2020 marked the arrival of a platform aiming to bridge the gap between the complex technicalities of blockchain and the end-users. Unlike traditional blockchain platforms, NEAR places a significant emphasis on scalability, usability, and sustainability. These three pillars have shaped its design philosophy, ensuring that as the digital landscape evolves, NEAR remains adaptable and resilient.

One of the defining features of NEAR Protocol is its developer-centric environment. Recognizing the pivotal role developers play in the blockchain ecosystem, NEAR has been engineered to provide them with the tools they need, devoid of the typical constraints seen in other blockchain systems. This facilitates more seamless development of decentralized applications (DApps), ultimately enhancing user experience.

Furthermore, NEAR Protocol's commitment to decentralization goes beyond mere technicalities. The platform embraces a community-driven approach, emphasizing transparency, open access, and a collective drive towards refining and expanding the ecosystem. This ethos ensures that NEAR's growth is not just technological, but also holistic, fostering a vibrant community of users, developers, and stakeholders.

Resources

Official Website: https://near.org

Official Documents: https://docs.near.org

NEAR Wiki: https://wiki.near.org

NEAR University: https://www.near.university

How Does NEAR Protocol Work?

NEAR Protocol is a Proof-of-Stake (PoS) blockchain that integrates the concept of sharding for data processing. By incorporating both PoS and sharding, NEAR Protocol can address two significant challenges faced by traditional blockchains: energy efficiency and scalability.

The PoS consensus mechanism differentiates itself from the energy-intensive Proof-of-Work (PoW) models. Instead of relying on computational power to validate transactions, PoS uses validators who lock up a certain amount of tokens as stakes. These validators are chosen based on the amount of token they hold and are willing to 'stake' or lock up as collateral. This ensures a more energy-efficient and faster transaction validation process.

The brilliance of sharding comes into play when you consider the bottleneck issues other blockchains face. Sharding partitions the data into segments, known as shards, which permits simultaneous processing of transactions. Each shard processes its transactions and smart contracts independently. By doing so, it massively increases the overall throughput of the network, allowing for faster and more efficient processing. Thus, the amalgamation of PoS and sharding empowers NEAR Protocol to achieve exceptional speed and scalability.

Beyond these core features, NEAR Protocol has taken significant strides to ensure a seamless interplay with Ethereum, one of the foremost blockchain platforms in the industry. Recognizing the expansive and established ecosystem of Ethereum, NEAR introduced two pivotal solutions. The first is the Rainbow Bridge, which acts as a conduit between NEAR and Ethereum, facilitating the effortless transfer of assets between the two chains. This ensures that users can fluidly move between both ecosystems without the need for third-party intermediaries.

The second initiative is Aurora, a layer-2 solution developed atop the NEAR Protocol. Aurora is crafted to be fully compatible with Ethereum, allowing Ethereum-based decentralized applications (dapps) to operate seamlessly on NEAR. This not only provides dapps with a high-speed environment but also extends the usability and reach of the NEAR Protocol to the vast Ethereum user base.

What Is The NEAR Token?

The NEAR token is the native cryptocurrency of the NEAR Protocol. Since the network is a PoS blockchain, NEAR is needed to become a node. It serves multiple purposes within the ecosystem:

- Staking and Security: NEAR tokens are staked by validators, who in return get the chance to participate in the block production and consensus processes. This staking mechanism ensures network security and trustworthy operation.

- Transaction Fees: Like most blockchain networks, NEAR Protocol charges fees for transaction processing. Users pay these fees using the NEAR token.

- Smart Contract Deployment: Developers deploying and running smart contracts on NEAR Protocol will need NEAR tokens to cover the associated costs.

NEAR Protocol's Impact on Finance

The world of finance is undergoing rapid transformation with the advent of decentralized finance (DeFi) applications. NEAR Protocol, with its focus on scalability and usability, provides a fertile ground for the development and operation of DeFi platforms. Its scalable infrastructure ensures that financial applications can handle high volumes of transactions, a must-have for any serious financial platform.

Moreover, NEAR's efficient fee structure provides a cost-effective alternative for developers and users alike, challenging traditional financial systems in terms of both speed and economy.

What Determines NEAR Protocol's Price

The NEAR Protocol, a significant player in the blockchain space, has been making waves with its innovative approach to decentralized application (dApp) development. The current price of the NEAR Protocol is influenced by a myriad of factors, including its unique technology and the vibrant ecosystem it fosters. As a Layer 1 blockchain, it stands out with its scalability and user-friendly features, pivotal factors in determining the current NEAR crypto price. The NEAR coin market cap is also significantly impacted by its native token, NEAR, which is utilized for transaction fees and storage on the platform, fostering a dynamic NEAR token price today.

An analysis of the NEAR Protocol's price reveals that its unique Nightshade sharding system plays a crucial role in price determination. This system allows the blockchain to scale horizontally, enhancing transaction speeds and reducing costs, which is a significant factor in the NEAR cryptocurrency price prediction for 2023. Moreover, the NEAR Protocol's focus on sustainability and user-friendliness makes it a promising venture in the crypto space, potentially influencing the NEAR Protocol coin price positively. The graph showcasing the history of NEAR Protocol price movements is also expected to be influenced by its compatibility with Ethereum through the Aurora Layer 2 scaling solution, combining the scalability of NEAR with the reach of Ethereum and offering a lucrative platform for dApp developers.

Furthermore, forecasts for the NEAR Protocol price are buoyed by its robust tokenomics. With a maximum supply of 1 billion NEAR tokens and a current market cap exceeding $1 billion as of September 2023, the NEAR Protocol is poised for substantial growth in the coming years. Live updates of the NEAR Protocol price indicate that it is expected to benefit from recent fundraising rounds, which have bolstered its financial position, enabling it to compete effectively with established players in the market. The current NEAR Protocol price in USD is hovering around $1.12, with speculations indicating a potential tripling in value over the next year, making it an attractive investment option.

AI analysis report on NEAR Protocol

Today's crypto market highlightsView report
Today's NEAR Protocol price performance summaryView report
NEAR Protocol project analysis reportView report

Live NEAR Protocol Price Today in USD

The live NEAR Protocol price today is $3.02 USD, with a current market cap of $3.68B. The NEAR Protocol price is up by 7.44% in the last 24 hours, and the 24-hour trading volume is $316.61M. The NEAR/USD (NEAR Protocol to USD) conversion rate is updated in real time.
How much is 1 NEAR Protocol worth in ?
As of now, the NEAR Protocol (NEAR) price in is valued at $3.02 USD. You can buy 1NEAR for $3.02 now, you can buy 3.308682975048362 NEAR for $10 now. In the last 24 hours, the highest NEAR to USD price is $3.05 USD, and the lowest NEAR to USD price is $2.77 USD.

NEAR Protocol Price History (USD)

The price of NEAR Protocol is -61.65% over the last year. The highest price of NEAR in USD in the last year was $8.37 and the lowest price of NEAR in USD in the last year was $1.82.
TimePrice change (%)Price change (%)Lowest priceThe lowest price of {0} in the corresponding time period.Highest price Highest price
24h+7.44%$2.77$3.05
7d+4.83%$2.65$3.05
30d+34.79%$2.23$3.37
90d-15.58%$1.82$3.63
1y-61.65%$1.82$8.37
All-time+150.58%$0.5260(2020-11-04, 4 years ago )$20.42(2022-01-16, 3 years ago )
NEAR Protocol price historical data (all time).

What is the highest price of NEAR Protocol?

The all-time high (ATH) price of NEAR Protocol in USD was $20.42, recorded on 2022-01-16. Compared to the NEAR Protocol ATH, the current price of NEAR Protocol is down by 85.20%.

What is the lowest price of NEAR Protocol?

The all-time low (ATL) price of NEAR Protocol in USD was $0.5260, recorded on 2020-11-04. Compared to the NEAR Protocol ATL, the current price of NEAR Protocol is up by 474.64%.

NEAR Protocol Price Prediction

What will the price of NEAR be in 2026?

Based on NEAR's historical price performance prediction model, the price of NEAR is projected to reach $3.23 in 2026.

What will the price of NEAR be in 2031?

In 2031, the NEAR price is expected to change by +27.00%. By the end of 2031, the NEAR price is projected to reach $10.01, with a cumulative ROI of +259.00%.

Hot promotions

FAQ

Is NEAR Protocol a good investment?

Key to NEAR's prominence was the Aurora Ethereum Virtual Machine (EVM) launch, ushering in Ethereum compatibility coupled with reduced transaction costs. This move augments NEAR's appeal, offering a cost-efficient alternative for Ethereum enthusiasts. The debut of the Rainbow Bridge seamlessly bridged NEAR Protocol with Ethereum, the dominant dApp playground. This bridge, combined with alliances with heavyweight chains like Polkadot and Cosmos, amplifies NEAR's scalability and its allure for developers. NEAR's expanding toolkit and its positioning in the Web 3.0 frontier is drawing dApp developers in droves. As they flock, NEAR's on-chain activities are anticipated to surge, possibly buoying its market value even further.

What determines NEAR Protocol value and price?

The value and price of NEAR Protocol, like other cryptocurrencies, are influenced by a variety of factors: Supply and Demand: The most basic economic principle that drives the value of any commodity, including cryptocurrencies like NEAR, is the relationship between supply and demand. If demand increases (or supply decreases), the value is likely to rise. Technical Development and Updates: Upgrades, updates, or technical advancements on the NEAR platform can have a positive impact on its perceived value. Adoption by Developers: The more developers build on NEAR, the greater the utility and demand for the token. The growth of dApps and smart contracts on the platform can contribute to its value. Partnerships and Collaborations: Strategic collaborations with other companies, platforms, or even governments can significantly boost the perceived value and utility of NEAR.

What are the advantages of NEAR protocol?

NEAR Protocol has strategically positioned itself as a nexus for cross-chain interactions. Central to this is the Rainbow Bridge, facilitating seamless token transfers from Ethereum to NEAR. This bridge not only enhances liquidity but also encourages Ethereum users to experience the capabilities of the NEAR ecosystem.

Is NEAR Protocol a Layer 1 solution?

Near Protocol is a blockchain network at layer 1. It provides a platform for developers to create decentralized applications (dapps). Near Protocol is both faster and less expensive than Ethereum. More importantly, it is expected to be faster than some of the other major competitors.

What is unique about NEAR Protocol?

In April 2021, the NEAR team introduced the Rainbow Bridge, a groundbreaking solution to facilitate the seamless transfer of ERC-20 tokens between Ethereum and NEAR Protocol. This is what is known as bridging.

What is NEAR Protocol used for?

The NEAR token, representing the core of the NEAR Protocol, serves multiple vital roles within its ecosystem. As the network's native cryptocurrency, it facilitates transactions, acting both as a medium of exchange and a mechanism for allocating transaction fees. Beyond mere transfers, the NEAR token is instrumental in rewarding network participants. Additionally, token holders are empowered to engage in network governance, influencing the protocol's evolution. Furthermore, staking capabilities within the NEAR network offer token holders potential passive returns, underscoring the token's multifaceted utility.

What is the current price of NEAR Protocol?

The live price of NEAR Protocol is $3.02 per (NEAR/USD) with a current market cap of $3,680,897,659.03 USD. NEAR Protocol's value undergoes frequent fluctuations due to the continuous 24/7 activity in the crypto market. NEAR Protocol's current price in real-time and its historical data is available on Bitget.

What is the 24 hour trading volume of NEAR Protocol?

Over the last 24 hours, the trading volume of NEAR Protocol is $316.61M.

What is the all-time high of NEAR Protocol?

The all-time high of NEAR Protocol is $20.42. This all-time high is highest price for NEAR Protocol since it was launched.

Can I buy NEAR Protocol on Bitget?

Yes, NEAR Protocol is currently available on Bitget’s centralized exchange. For more detailed instructions, check out our helpful How to buy near-protocol guide.

Can I get a steady income from investing in NEAR Protocol?

Of course, Bitget provides a strategic trading platform, with intelligent trading bots to automate your trades and earn profits.

Where can I buy NEAR Protocol with the lowest fee?

Bitget offers industry-leading trading fees and depth to ensure profitable investments for traders. You can trade on the Bitget exchange.

NEAR Protocol Market

  • #
  • Pair
  • Type
  • Price
  • 24h volume
  • Action
  • 1
  • NEAR/USDT
  • Spot
  • 3.02
  • $10.39M
  • Trade
  • 2
  • NEAR/USDC
  • Spot
  • 3.014
  • $58.35K
  • Trade
  • 3
  • NEAR/EUR
  • Spot
  • 2.668
  • $54.83K
  • Trade
  • View the NEAR Protocol futures trading guide for more insights on NEAR Protocol futures and related data.

    NEAR Protocol holdings by concentration

    Whales
    Investors
    Retail

    NEAR Protocol addresses by time held

    Holders
    Cruisers
    Traders
    Live coinInfo.name (12) price chart
    loading

    NEAR Protocol Social Data

    In the last 24 hours, the social media sentiment score for NEAR Protocol was 3, and the social media sentiment towards NEAR Protocol price trend was Bullish. The overall NEAR Protocol social media score was 0, which ranks 214 among all cryptocurrencies.

    According to LunarCrush, in the last 24 hours, cryptocurrencies were mentioned on social media a total of 1,058,120 times, with NEAR Protocol being mentioned with a frequency ratio of 0.04%, ranking 51 among all cryptocurrencies.

    In the last 24 hours, there were a total of 525 unique users discussing NEAR Protocol, with a total of NEAR Protocol mentions of 414. However, compared to the previous 24-hour period, the number of unique users decrease by 0%, and the total number of mentions has increase by 17%.

    On Twitter, there were a total of 0 tweets mentioning NEAR Protocol in the last 24 hours. Among them, 0% are bullish on NEAR Protocol, 0% are bearish on NEAR Protocol, and 100% are neutral on NEAR Protocol.

    On Reddit, there were 51 posts mentioning NEAR Protocol in the last 24 hours. Compared to the previous 24-hour period, the number of mentions decrease by 18% .

    All social overview

    Average sentiment (24h)
    3
    Social media score (24h)
    0(#214)
    Social contributors (24h)
    525
    0%
    Social media mentions (24h)
    414(#51)
    +17%
    Social media dominance (24h)
    0.04%
    X
    X posts (24h)
    0
    -100%
    X sentiment (24h)
    Bullish
    0%
    Neutral
    100%
    Bearish
    0%
    Reddit
    Reddit score (24h)
    35
    Reddit posts (24h)
    51
    -18%
    Reddit comments (24h)
    0
    0%

    How to buy NEAR Protocol(NEAR)

    Create Your Free Bitget Account

    Create Your Free Bitget Account

    Sign up on Bitget with your email address/mobile phone number and create a strong password to secure your account.
    Verify Your Account

    Verify Your Account

    Verify your identity by entering your personal information and uploading a valid photo ID.
    Convert NEAR to USD

    Convert NEAR to USD

    Choose from cryptocurrencies to trade on Bitget.

    Where can I buy NEAR Protocol (NEAR)?

    Buy crypto on the Bitget app
    Sign up within minutes to purchase crypto via credit card or bank transfer.
    Download Bitget APP on Google PlayDownload Bitget APP on AppStore
    Trade on Bitget
    Deposit your cryptocurrencies to Bitget and enjoy high liquidity and low trading fees.

    Video section — quick verification, quick trading

    play cover
    How to complete identity verification on Bitget and protect yourself from fraud
    1. Log in to your Bitget account.
    2. If you're new to Bitget, watch our tutorial on how to create an account.
    3. Hover over your profile icon, click on “Unverified”, and hit “Verify”.
    4. Choose your issuing country or region and ID type, and follow the instructions.
    5. Select “Mobile Verification” or “PC” based on your preference.
    6. Enter your details, submit a copy of your ID, and take a selfie.
    7. Submit your application, and voila, you've completed identity verification!
    Cryptocurrency investments, including buying NEAR Protocol online via Bitget, are subject to market risk. Bitget provides easy and convenient ways for you to buy NEAR Protocol, and we try our best to fully inform our users about each cryptocurrency we offer on the exchange. However, we are not responsible for the results that may arise from your NEAR Protocol purchase. This page and any information included are not an endorsement of any particular cryptocurrency. Any price and other information on this page is collected from the public internet and can not be consider as an offer from Bitget.

    NEAR to USD converter

    NEAR
    USD
    1 NEAR = 3.02 USD. The current price of converting 1 NEAR Protocol (NEAR) to USD is 3.02. Rate is for reference only. Updated just now.
    Bitget offers the lowest transaction fees among all major trading platforms. The higher your VIP level, the more favorable the rates.

    NEAR Protocol ratings

    Average ratings from the community
    4.4
    100 ratings
    This content is for informational purposes only.

    Bitget Insights

    COINSTAGES
    COINSTAGES
    7h
    Pi Coin Shows Bullish Signs? 14 Million Tokens Moved to Wallet!
    After a sharp 50% drop from its peak of $1.40, Pi Coin (PI) is showing signs of a potential rebound. A significant movement of 14 million PI tokens from exchanges to private wallets suggests that major holders are accumulating, possibly anticipating future gains. 🔄 14 Million PI Tokens Transferred to Private Wallets Recent blockchain data reveals that approximately 14 million PI tokens have been moved from exchanges to private wallets. Such large-scale transfers are often interpreted as bullish signals, indicating that investors are opting to hold their assets long-term rather than keeping them on exchanges for immediate trading . This move aligns with previous significant withdrawals, including a notable 70 million PI tokens pulled from the OKX exchange. These patterns suggest a strategic accumulation by major stakeholders, reinforcing confidence in Pi Network's future prospects . 📈 Market Response and Price Predictions Following these substantial token movements, PI's price has experienced an uptick, currently trading around $0.8153, marking an 11.52% increase in the last 24 hours. Analysts predict that if this momentum continues, PI could target resistance levels at $0.8268 and $0.9222, with the potential to reach $1 in the near term . Looking further ahead, some forecasts suggest that PI could climb to $0.937 by the end of May, with optimistic projections reaching $2.34 by June and possibly $4.44 by November 2029, contingent on user base growth and successful project development . ✅ Conclusion The recent transfer of 14 million PI tokens to private wallets indicates a bullish sentiment among major holders. Coupled with positive price movements and optimistic forecasts, Pi Coin appears poised for potential growth. However, investors should remain cautious and conduct thorough research, considering the inherent volatility and risks associated with cryptocurrency investments. ⚠️ Disclaimer This article is for informational purposes only and does not constitute financial advice. Cryptocurrency investments carry a high level of risk and volatility. Always conduct your own research (DYOR) and consult a professional financial advisor before making any investment decisions.
    HOLD+0.80%
    MOVE+2.28%
    Mario Nawfal
    Mario Nawfal
    8h
    🚨🇺🇸 BREAKING: 2 SHOT DEAD NEAR FBI OFFICE IN DC, ISRAELI EMBASSY STAFF POSSIBLY HIT Two people were gunned down near an FBI office in Washington, D.C. The victims—a man and a woman—were found unconscious and not breathing. The suspect remains at large. Israeli Ambassador
    NEAR+5.48%
    PEOPLE+4.48%
    ErastoMariki
    ErastoMariki
    20h
    Bitcoin Soars to New Heights as Trade Tensions Ease
    In a remarkable turn of events, Bitcoin has reached a new all-time high of $109,400 on May 21, 2025, following a temporary trade agreement between the United States and China. This surge, marking a more than 26% increase over the past month, reflects a growing investor confidence as macroeconomic fears recede. The catalyst for this rally was the White House‘s announcement on May 12 of a 90-day suspension of import tariffs, which reduced tariffs to 10%. This move has been instrumental in alleviating the risk of sudden trade escalations, according to Aurelie Barthere, principal research analyst at Nansen. “The cooperative tone in negotiations has significantly impacted risk appetite among both traditional and cryptocurrency investors,” she noted. This positive momentum comes on the heels of a tumultuous April, where Bitcoin plummeted to a year-to-date low of $74,434 shortly after President Trump imposed reciprocal tariffs. The market’s recovery began on April 9, coinciding with what Michaël van de Poppe described as the “climax of uncertainty” for traders. As May unfolded, Bitcoin benefitted from a “near-flawless setup,” driven by geopolitical de-escalation and improving regulatory optics, according to Jag Kooner from Bitfinex. With the Russia-Ukraine ceasefire talks defusing one of the primary volatility engines, Kooner observed a shift from Bitcoin as merely a fear hedge to a high-conviction risk asset. Looking ahead, analysts suggest that Bitcoin could potentially rally beyond $130,000 by the end of 2025, driven by the increasing global money supply and investor demand. As the crypto landscape evolves, Bitcoin’s ascent underscores its growing role in a stabilizing macroeconomic environment. $BTC $AIXBT $DOLO $SIGN $$CLAY $TON $DOGS $BTC $ETH $SOL $SUI $ALPACA $WOO $NEIROETH $NEIROCTO $HIPPO $MOODENG
    BTC+1.67%
    ETH+3.97%
    Bitcoin_World
    Bitcoin_World
    20h
    Bitcoin Profit: Stunning 99% of Addresses Now in the Green as BTC Eyes ATH
    Imagine a market where almost everyone holding the main asset is sitting on gains. That’s the striking reality currently unfolding in the world of Bitcoin. As the pioneering cryptocurrency, Bitcoin (BTC), continues its powerful ascent and edges closer to breaching its previous all-time high (ATH), a remarkable statistic has emerged: a staggering 99% of all addresses holding BTC are now estimated to be in a state of Bitcoin profit. This data point, highlighted by the on-chain analytics platform Sentora (formerly known as IntoTheBlock) via a post on X, offers a profound look into the current market dynamics and investor sentiment. This widely cited metric comes from the fascinating field of on-chain data. Unlike traditional markets where ownership is often opaque, the Bitcoin blockchain is a public ledger. Every transaction, every address holding a balance, is recorded and verifiable (though the identity behind an address isn’t public). On-chain analytics firms like Sentora analyze this vast amount of data to derive meaningful insights. The ‘addresses in profit’ metric specifically looks at each individual Bitcoin address that holds a balance. For each address, the analytics platform estimates the average cost basis – essentially, the average price at which the BTC currently held in that address was acquired. This is often done by tracking the price of BTC when coins were moved *into* that address. If the current market price of Bitcoin is higher than the estimated average cost basis for an address, that address is considered to be ‘in profit’. Conversely, if the current price is lower, the address is ‘in loss’. So, when we see that 99% of addresses are in profit, it means that for the vast majority of Bitcoin holders, the current market price is above the price at which they acquired their coins. This is a powerful indicator of the overall health and strength of the current bull market phase. Understanding on-chain data is key to appreciating metrics like ‘addresses in profit’. The Bitcoin network records every transaction in blocks, forming a chain accessible to anyone. Analysts use sophisticated techniques to trace the movement of coins and estimate acquisition prices. Here are some core concepts involved: The ‘addresses in profit’ metric is a more granular view, looking at the profitability status of individual holding addresses rather than just spent coins or aggregate values. The fact that 99% are in profit, as reported by Sentora, leverages these underlying on-chain principles to provide a near real-time snapshot of the market’s financial state from the perspective of holders. The statistic that 99% of addresses are in Bitcoin profit is undeniably bullish, reflecting immense paper gains across the network. However, it also introduces a crucial dynamic: the potential for increased selling pressure. When assets are in profit, holders have a greater incentive to sell and realize those gains. As Bitcoin approaches and potentially surpasses its previous Bitcoin ATH, the temptation to sell will likely increase, especially for those who bought in previous cycles or during recent dips. Historically, periods of high profitability, particularly as the market approaches or enters price discovery above an ATH, can coincide with increased volatility. While a large percentage of addresses in profit signifies strong underlying value and investor conviction up to this point, it doesn’t guarantee a smooth ride upwards. The market becomes a battleground between: The sustainability of the rally depends on whether the demand from new buyers and the holding conviction of LTHs can outweigh the selling pressure from profit-takers. The 99% figure tells us the *potential* for selling exists across almost all addresses, but it doesn’t tell us how much Bitcoin those addresses hold or their willingness to sell. Looking at BTC price analysis through the lens of historical market cycles provides valuable context for the current situation. Bitcoin’s price movements are often characterized by boom-and-bust cycles, roughly correlating with the four-year halving event. Each cycle has seen Bitcoin reach new ATHs, followed by significant corrections. In previous bull markets, as Bitcoin approached or surpassed its prior peak, profitability across the network also soared. The 2017 bull run and the 2020-2021 bull run both saw periods where a very high percentage of addresses were in profit. Analyzing these periods using on-chain data reveals patterns in holder behavior: The current state, with 99% in profit and the price nearing the Bitcoin ATH, aligns perfectly with the ‘Approaching/Surpassing ATH’ phase described above. Historical BTC price analysis suggests that while a new ATH is often achieved in this phase, it is also a period where distribution (selling by profitable holders) becomes a significant factor. The strength of the current rally will be tested by how well the market can absorb this potential selling pressure. The fact that 99% of Bitcoin addresses are in profit has ripple effects throughout the broader crypto market trends. Bitcoin is the dominant force in the crypto ecosystem, and its price movements and holder sentiment heavily influence altcoins. When Bitcoin is performing strongly and holders are profitable, it typically signals a healthy market environment that can lift other cryptocurrencies. Here are some potential implications for crypto market trends: Monitoring crypto market trends requires paying close attention not just to Bitcoin’s price, but also to underlying metrics like profitability across the network. This 99% figure is a powerful signal that the market is in a state of widespread financial health for holders, setting the stage for potentially significant movements, both upwards and possibly volatile corrections. The proximity of the current price to the previous Bitcoin ATH, combined with the fact that 99% of addresses are in profit, strongly suggests that the market has significant momentum aimed at surpassing that peak. Reaching a new all-time high is a major psychological and technical milestone. It puts Bitcoin into ‘price discovery’ mode, where there is no overhead resistance from previous sellers who bought at higher prices. However, as discussed, the 99% profitability also means that a vast number of holders have the *option* to sell for a profit. The path to a new ATH is rarely a straight line. It will likely involve tests of resistance, potential pullbacks as profit is taken, and consolidation periods. Key factors supporting the push towards a new ATH include: The 99% profitability metric, when viewed alongside these other factors and through the lens of BTC price analysis, paints a picture of a market primed for a potential breakout above the previous ATH. It signifies that the vast majority of existing holders are ‘in the money’, creating a strong foundation of perceived wealth within the ecosystem. While challenges like potential selling pressure remain, the confluence of high profitability, strong demand drivers, and historical cycle patterns makes the prospect of a new Bitcoin ATH appear increasingly probable. For investors navigating the current market, the 99% profitability statistic offers several actionable insights: The 99% profitability figure is not just a headline number; it’s a reflection of the collective financial position of almost every Bitcoin holder. It underscores the magnitude of the current rally and sets the stage for the critical phase as Bitcoin challenges its previous peak. Using on-chain data and sound BTC price analysis will be essential in navigating the exciting, yet potentially volatile, period ahead for crypto market trends. The revelation that a stunning 99% of Bitcoin addresses are currently in profit, according to Sentora’s on-chain data, is a monumental statistic. It highlights the immense paper gains accumulated across the network during this powerful rally that has brought Bitcoin (BTC) to the doorstep of its previous all-time high. This widespread profitability is a testament to the strength of the current market cycle, fueled by factors like institutional adoption, anticipation of the halving, and renewed investor confidence. While the high percentage of addresses in profit creates the potential for increased selling pressure as holders look to realize gains, especially around the Bitcoin ATH, it also signifies a market with a strong foundation of profitable holders. Historical BTC price analysis suggests that challenging and surpassing previous peaks is a key phase in a bull run, often accompanied by volatility but also significant upward movement if demand remains robust. Ultimately, the 99% profitability figure is a powerful signal for crypto market trends. It indicates a market environment where optimism and financial health are widespread among holders, setting the stage for a potentially historic period as Bitcoin attempts to enter uncharted price territory. To learn more about the latest crypto market trends, explore our article on key developments shaping Bitcoin price action. Disclaimer: The information provided is not trading advice, Bitcoinworld.co.in holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.
    BTC+1.67%
    UP+8.29%
    Ejirodkasanova
    Ejirodkasanova
    20h
    Dogwifhat breaks out alongside other meme coins, targeting 75% move to $1.74
    Solana meme coin Dogwifhat resumes the uptrend after testing the $0.92 support. Meme coins, including Pepe, TRUMP and Bonk, sustain gains reflecting strong sentiment in the broader market. Open interest and trading volume collectively surge, signaling growing trader interest. WIF is poised for a major breakout to $1.74, confirmed by a bull flag pattern. Dogwifhat’s (WIF) price is in the process of reversing the trend upward, trading at around $1.00 on Wednesday. The Solana-based meme coin tested support at $0.92, following a rejection from the supply-rich zone at approximately $1.31 on May 12. WIF’s derivatives market showcases surging Open Interest (OI) and trading volume, signaling growing investor enthusiasm that could sustain the elevated price. The meme coin sector has been characterised by significant rallies, mirroring the strong sentiment in the broader cryptocurrency market, especially with Bitcoin (BTC) trading very close to its all-time highs. Crypto’s top meme coin by market capitalization, Dogecoin (DOGE), upheld 3.5% gains accrued over the past 24 hours. Shiba Inu (SHIB) is also in the green, maintaining a 2.4% increase over the same period. Tokens such as Pepe (PEPE) and Official Trump (TRUMP) recorded the largest upside compared to DOGE and SHIB at roughly 10% and 8%, respectively. The meme coin sector collectively boasts approximately $75 billion in market share behind tokens in the Decentralised Finance Sector (DeFi) with $115 billion in total market capitalization. Dogwifhat rally surges past key $1.00 mark The Dogwifhat derivatives market highlights renewed interest in the meme coin, as Open Interest increases by over 10% in the past 24 hours to approximately $408 million, according to CoinGlass data. OI represents the number of outstanding contracts that have not been settled, such as futures and options. Increase in OI alongside trading volume, as seen with WIF’s near 10% surge to $1.73 billion, hints at growth in trader interest, influx of fresh money and heightened participation. The surge in short position liquidations to $1.44 million compared to longs at approximately $996,000 over the past 24 hours signals intense market volatility, with bearish traders facing heavier losses as WIF’s price soars past $1.00. This imbalance, combined with rising OI and trading volume, underscores growing bullish sentiment and potential for further upside. Dogwifhat confirms bull flag pattern breakout Dogwifhat’s price hovers slightly above $1.00 at the time of writing, buoyed by a recent break above the bull flag pattern illustrated on the four-hour chart below. The breakout comes after WIF tested support at $0.92, slightly below its current short-term support offered by the 50-day Exponential Moving Average (EMA) at around $0.98. A bull flag is a bullish continuation pattern that typically forms after a sharp upward price movement, represented by the ‘flagpole’ followed by a consolidation period highlighted by the “flag.” The 75% breakout target to $1.74 is calculated by measuring half the height of the flagpole and extrapolating that distance upward from the breakout point. Meanwhile, the Relative Strength Index (RSI) indicator at 58 hints at room for upside growth; however, if it approaches 70, traders must be cautious of overbought conditions, which are often a precursor to trend reversals. The Moving Average Convergence Divergence (MACD) indicator’s bullish crossover supports the strong tailwind on Dogwifhat. The expanding green histogram bars above the centre line reinforce the bullish momentum. Still, traders should monitor the RSI for potential overbought conditions and the MACD indicator for a plausible bearish crossover likely to signal a trend reversal or even consolidation due to the likelihood of profit taking and bullish exhaustion.
    BTC+1.67%
    WIF+4.48%

    Trade

    Earn

    NEAR is available for trading on the Bitget Exchange, and can be held in custody on Bitget wallet. Bitget Exchange is also one of the first CEX platforms to support NEAR trades.
    You can trade NEAR on Bitget.

    NEAR/USDT

    Spot

    NEAR/USDT

    Margin

    NEAR/USDT

    USDT-M Futures