The cryptocurrency industry is home to a plethora of assets. While most coins already have an exchange-traded fund (ETF) application underway, a few others have just begun to pop up. More recently, a major cryptocurrency asset management firm, Bitwise, formally applied to the U.S. Securities and Exchange Commission (SEC) to launch an NEAR ETF. If this application garners a green signal, investors will be able to easily access the NEAR token through the stock market. This is a notable upgrade for the NEAR ecosystem, but the price of the asset did not reflect this enthusiasm.
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How High Did NEAR Manage To Rise Today?
The asset did encounter a surge earlier today. The altcoin jumped from a low of $2.24 and went up to a high of $2.38. Throughout the past 24 hours, the asset recorded a 0.22% drop. At the time of writing, NEAR was trading at $2.32. It looks like the altcoin failed to record a rise.
It should be noted that back in January 2022, about three years ago, NEAR surged to an all-time high of $20.42. This is a major uptick compared to its current price. According to recent data, the asset is trading 88% below this peak. A possible launch of the ETF could boost the price of the altcoin back to this level.
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May 2025 Price Prediction
According to data from CoinCodex, May is predicted to reverse the positive trend that began in April. It is anticipated that the value of NEAR Protocol would decline, possibly reaching an average price of $2.12. The altcoin’s price may rise all the way to a high of $2.47, which marks a dainty rise of 5.64% from its current price level. In addition, the lowest or minimum trading price of the cryptocurrency was set at $1.911367 for the current month.
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