The NEAR Protocol is a layer-1 blockchain (layer-one blockchain is used to improve the main protocol that will contribute to the scalability of the overall system). Simultaneously, it’s a cloud computing platform that abolishes the disadvantages of other blockchains, including low speed of transactions, low bandwidth, and poor compatibility.

The NEAR Protocol is the perfect platform for DApps. The NEAR Protocol tries to achieve a user-friendly network. One of the features of the platform is that human-readable account names are used on the network. For instance, in Ethereum, there are cryptographic wallet addresses. Moreover, new users don’t have to have a wallet to interact with smart contracts and decentralized apps.

The NEAR Protocol is quite fast. It can enable around 100,000 transactions per second. The near-instant transaction finality is achieved via a one-second block cadence. At the same time, it doesn’t raise its fees, which are near the zero mark.

The platform is a combination of the functions of distributed storage, partition-resistant networking, and serverless computing.

The mainnet of the NEAR Protocol was created in April 2020. One billion NEARs were created at genesis at that time. The total supply of the tokens is capped at 1 billion.

NEAR is the native token of the NEAR Protocol. It’s applied for paying fees for transactions and data storage, staking to run validator nodes, and as a governance network token that is used to vote for the allocation of network resources.

The US dollar is a well-known fiat currency used as a means of payment in many countries. It’s one of the world’s reserve currencies. The USD is a safe-haven asset that rises in value in times of uncertainty caused by global economic or political events. The stability of the US dollar’s rate made it one of the refuge assets that is used by investors to hedge their funds.

Trading the NEAR/USD pair, you should be sure you are equipped with the information regarding the factors that affect the direction of both the USD and NEAR.

Risk warning: Trading in FX and CFDs entails high risk of losing capital.

Are you interested in buying NEAR Protocol to US dollar (NEAUSD)? It’s easy!

SellBuyActive SellActive Buy
Wait
Sell1.29100
Buy1.29400
Sentiment
80.0% ▾
1-day change0.093(7.76%)

Earn from the fluctuations of prices and boost your income with LiteFinance!

The rate of NEAUSD currency pair for today is $1.29400. The highest cost of NEAUSD for today was $1.3130, the lowest rate was $1.2790. The opening price: $N/A. The quotes chart of NEAUSD currency pair in real time is presented below.

Price chart of NEAUSD in real time mode

Available in trading accounts:
  • ECN
  • CLASSIC
Prev. CloseN/A
Day's Range1.2790 - 1.3130
OpeningN/A
52 wk Range0.841-8.996
VolumeN/A
Average VolumeN/A
Spread0.3
Swap Long-25
Contract size1000
Swap Short-25
Stop&Limit Level0
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ADAUSD0.24830.2483-0.0009 -0.36%
ALGUSD0.10630.10630.0046 4.52%
ALIUSD0.1470.1470.03 27.27%
ANTUSD0.93620.9362N/A N/A
APTUSDN/AN/A0.09 10.00%
ARBUSDN/AN/A0.0285 30.06%
ARUSD1.961.960.2 11.49%
ATOUSD1.89601.89600.21 12.50%
AUSDN/AN/A0.0095 12.09%
AVXUSD9.109.10-0.03 -0.33%
AXSUSD1.381.380.24 21.05%
BCHUSD450.60450.60-3.8 -0.84%
BNBUSDN/AN/A-1.27 -0.21%
BTCUSD78,264.078,264.010109.58 14.83%
CHZUSD0.04130.0413-0.0003 -0.72%
COMUSD23.6523.656.9 41.32%
DATUSD0.0007150.000715N/A N/A
DGBUSD0.0037090.003709N/A N/A
DGEUSD0.1082300.1082300.0152 16.34%
DOTUSD1.2051.205-0.05 -4.00%
DSHUSD36.9836.984.9 15.36%
ENJUSD0.0700.0700.035 175.00%
ETHBTC0.0293300.029330-0.00214 -6.78%
ETHUSD2,305.342,305.34160.96 7.51%
FILUSD0.920.920.08 9.64%
GLMUSD0.01720.0172N/A N/A
GRTUSD0.024320.02432-0.0001 -0.41%
HBARUSDN/AN/A-0.0019 -2.12%
ICPUSD2.332.330.05 2.19%
ILVUSD4.74.7N/A N/A
IMXUSD0.0001230.0001230.027 19.24%
INJUSD3.7063.7060.82 28.47%
ITAUSD0.054450.05445N/A N/A
JASMYUSDN/AN/A0.00021 3.90%
KAVUSD0.06290.06290.011 21.15%
LNKUSD9.119.110.1 1.11%
LTCBTC0.0007100.000710-9.0E-5 -11.39%
LTCUSD55.6855.681.55 2.86%
MNAUSD0.08940.08940.0012 1.36%
MSKUSDN/AN/A0.094 22.60%
NEAUSD1.29301.29300.093 7.76%
NEOUSD2.75702.7570-0.04 -1.43%
NOTUSD0.0003820.0003823.0E-5 8.57%
NULUSD0.0001210.000121N/A N/A
OMGUSD0.061920.06192N/A N/A
OPUSD0.0004050.0004050.009 8.11%
POLUSD0.09610.09610.004 4.35%
QTMUSD0.8710.871-0.071 -7.54%
REFUSD0.0000730.000073N/A N/A
SIAUSD0.0009180.000918N/A N/A
SKYUSD0.01880.01880.00445 5.82%
SNDUSD0.07110.0711-0.0062 -8.01%
SOLUSD83.58083.5801.08 1.31%
STRUSD0.09540.09540.0016 1.71%
STXUSD0.22250.2225-0.002 -0.89%
SUIUSD0.91870.91870.0282 3.17%
SUSDN/AN/A-0.0016 -3.52%
TAOUSD271.07271.07-39.9 -12.83%
THTUSDN/AN/A0.053 34.64%
TLMUSD0.00180.0018N/A N/A
TRXUSD0.3273000.3273000.0115 3.64%
UNIUSD3.20003.2000-0.42 -11.60%
VETUSD0.0071630.0071630.00023 3.32%
WAVUSD0.41870.4187N/A N/A
WIFUSDN/AN/A0.004 2.19%
XLMUSD0.159500.15950-0.0116 -6.78%
XMRBTC0.0049160.004916N/A N/A
XMRUSD383.976383.976N/A N/A
XRPUSD1.38511.38510.0308 2.27%
XTZUSD0.36590.36590.0123 3.48%
YFIUSD2,627.002,627.00162 6.58%
YGGUSD0.0410.0410.005 14.29%
ZECBTC0.0048920.0048920.00118 31.81%
ZECUSD383.77383.77129.88 51.22%
ZILUSD0.0040000.0040009.0E-5 2.33%

Interesting facts about the NEAUSD (NEAR Protocol to US dollar)

The NEAR Protocol uses a kind of proof-of-stake consensus mechanism. It’s called Doomslug. It includes two rounds of consensus. A block is finalized when it receives the first communication round.

According to statistics, Americans throw away around $62 million worth of coins every year.

To determine the NEAR to USD price direction, you should pay attention to news about the network. The NEAR Protocol is quite new. It was launched in 2020. It means that the native network token has the chance to appreciate if the platform presents new features and continues developing. At the same time, if the network struggles, NEAR’s value will decrease.

The overall cryptocurrency trend also determines the price direction of the NEAR token. Although it’s not easy to define the market trend, you can check the medium-term Bitcoin price direction. All cryptocurrencies follow BTC as it’s a leading asset in the market. Just don’t confuse the medium- and short-term trends. It’s hard to base the price predictions on intraday Bitcoin movements.

As the NEAR is paired with the USD, you should pay attention to the US dollar, too. The domestic currency of the USA is affected by the Fed’s monetary policy, economic data, and global investor sentiment. If the US economy is healthy, that is reflected in the normal inflation rate (the percentage is defined by the central bank), low unemployment rate, and stable economic growth.

As cryptos are traded without breaks, it’s worth basing your trading decisions on the liquidity of the US dollar. The best time to trade the NEAR/USD pair is from 15:00 to 24:00 (GMT+3, indicated in LiteFinance trading platform). These are the periods of the American trading session. It means that the US dollar becomes more liquid.

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