According to Arthur Hayes, the NEAR Token Price Could Rise 20x
- Arthur Hayes predicts a 20-fold increase in the price of the $NEAR token.
- The $NEAR chart is now repeating the 2023–2024 pattern that preceded a 250% rise in the asset.
According to Arthur Hayes, co-founder of the cryptocurrency derivatives exchange BitMEX, the native token of NEAR Protocol, $NEAR, could increase in price 20-fold by 2027. He said this on The Rollup podcast, linking $NEAR’s prospects to growing investor demand for confidential cryptocurrencies.
“Now I can anonymously send any crypto asset to anyone over the internet using shielded Zcash and Near Intents. I think $NEAR has 20x upside potential, while Zcash has 5x upside potential over the next year,” Hayes said.
Technical analysis also supports the bullish forecast. The current $NEAR breakout is beginning to resemble the 2023–2024 setup, when the price rebounded from the $0.91–$0.99 range and rose by approximately 250%.
In 2026, $NEAR bounced from the same support zone between $0.91 and $0.99, while its daily relative strength index (RSI) climbed to 88, indicating aggressive buying demand. In addition, a “golden cross” formed on the chart — a bullish signal in which the short-term moving average rises above the long-term moving average.
The first major upside target is located in the $3.38–$4.00 area. A breakout above this level would strengthen the 2023–2024 fractal and open the way for a 250% rally toward the $9–$10 level in 2026.
See also: "Crypto Analyst Benjamin Cowen Says Bitcoin Could Reach Its Bottom in October"
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