This is my favorite cryptocurrency coin of the whole series.
The NEAR platform is software that essentially performs similar activities to Ethereum but in a more user-friendly and fast. Any developer with basic knowledge can create and launch decentralized applications on the NEAR platform. Their aim is to empower millions of people to invent and explore.
What is the NEAR crypto coin (NEAR)?
The Near coin (NEAR) is the native currency of the NEAR platform. There is a maximum supply of 1 billion NEAR coins. According to coinmarketcap, 668.14 million coins are in circulation. Similarly, if the circulation reaches maximum supply, we might see the price escalate.
Near cryptocurrency live price today as of 16th April 2022:
1,335 INR – NEAR price in INR
17.53 USD – NEAR price in USD
Why should I buy the NEAR crypto coin?
Here are a few reasons you must consider investing in the NEAR coin.
1. NEAR is creating a space for developers that is easy to use and understand.
2. It allows faster transaction speed and is the best base-layer blockchain.
3. This is the best platform to launch decentralized applications (dApps)
4. Finally, for a coin that pumped over 820% in 2021, there is tremendous scope for this coin to boost again.
What is the use of the NEAR crypto coin?
Here are a few use cases of this coin that regular investors must know.
1. Paying fees for transactions on the network.
2. Stake NEAR coins on different platforms to earn interest, wNEAR, PARAS, etc.
3. Mint, create, trade, and sell NFTs.
4. Take part in the governance and vote on various matters.
How to buy the NEAR crypto coin in India?
There are many cryptocurrency apps in the market where you can purchase the NEAR coin. However, I believe the best cryptocurrency apps in India are these two platforms that I have been using – Binance and WazirX.
I have read good Binance reviews from customers in India and abroad. Both Binance India and Wazir X are easy-to-use platforms, and I have never faced problems while depositing or withdrawing money.
Here are the basic steps you must follow on each cryptocurrency app.
1. Sign up
2. Add a Bank account
3. KYC verification
4. Deposit INR/USD in your wallet.
5. Start trading
NEAR crypto price prediction:
In 2021, the NEAR coin grew from 102 INR to 939 INR, a whopping 820% increase. If you invested INR 10,200 and bought 100 NEAR coins, their value during that year would be INR 93,900.
In 2022, the cryptocurrency market is going through a bear phase. The NEAR coin price is soaring and now stands at INR 1,335 today. Hence, price predictions for this are very promising. If you believe in the future of the NEAR cryptocurrency, they might end the year between INR 1750 – INR 2700 (30 – 100s% growth.)
FAQs:
1. Is cryptocurrency legal in India?
Yes, cryptocurrency is legal in India. From 1st April 2022, if you buy any digital currency, you will incur a 30% + 1% TDS cryptocurrency tax in India.
2. Can the NEAR coin be converted to cash in India?
Yes. You can buy the NEAR coin on multiple currency exchange platforms in India. These platforms support buying the NEAR coin in INR.
3. Is NEAR a good investment?
Yes. This platform has tremendous growth potential not just for now but until 2026. As this platform expands daily, it is only some time before this coin explodes.
4. Which is the best research tool for cryptocurrency online trading?
I am a diehard Token Metrics fan. Their ratings and analysis allowed me to uncover hidden crypto gems. For any newbie or experienced professional, having Token Metrics is the best thing possible. If you sign up using my special link, you will get a LIFETIME discount of 10% on all plans.
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