Unexpectedly "overthrowing" Solana, this could be the next 315% hit - Should we FOMO?

In a notable turnaround, NEAR Protocol (NEAR) has officially surpassed Solana in terms of daily active users, marking an important milestone that brings this Layer-1 blockchain (L1) into the spotlight of the global cryptocurrency community.

Although the price of NEAR has dropped by more than 5% in the past 24 hours, many analysts still believe that this token is undervalued, opening up strong growth potential in the near future.

NEAR surpasses Solana: An unmissable milestone

According to the latest data, NEAR Protocol has reached 3 million daily active users, officially rising to the second position among all Layer-1 blockchains – just after Ethereum.

Market analyst Lennaert Snyder shared on platform X:

"NEAR has just surpassed Solana in terms of daily active users... With 3,000,000 active users, NEAR is currently ranked second among all L1 blockchains."

This data is verified by the Token Terminal analytics platform, showing undeniable growth in the adoption of the NEAR protocol – something that was previously underestimated in blockchain rankings.

Technical data and strong growth signals: Target 10.82 USD

Not only limited to user data, technical charts are also revealing optimistic signals. Some technical analysts point out that a double bottom pattern is forming right above the important support zone – a common sign during the accumulation phases of "smart money".

According to the Wyckoff model, this could be the accumulation phase before the market explodes. If NEAR is indeed following this model, then the upcoming phase could be a strong price jump, especially as market sentiment is gradually shifting to positive.

In addition to technical analysis, some experts believe that NEAR is currently an "undervalued asset" compared to leading blockchains like Ethereum, Solana, or Avalanche. Analyst Santolita has stated that NEAR is one of the best asymmetric investment opportunities available right now.

He emphasized:

"From now until 2026, the chart will be filled with growth catalysts: AI integration, organizational adoption, bridge expansion, and protocol upgrades."

Based on these factors, Santolita predicts that the price of NEAR could reach 10.82 USD – equivalent to an increase of more than 315% compared to the current price of 2.61 USD.

Interest is Increasing

Not only limited to technical analysis and fundamental factors, the sentiment of retail investors is also beginning to show positive changes. Kyren, a DeFi researcher and cryptocurrency podcast host, shared that:

"Google Trends for NEAR is skyrocketing. I feel the next step for NEAR is coming soon."

History shows that spikes on Google Trends often accompany new capital inflows and interest from retail investors – two extremely important factors that can drive the price increase of a token during a market recovery phase.

Recent developments in the NEAR ecosystem – including network upgrades, improved scalability, and partnerships with major organizations – are reshaping the market's perception of the NEAR Protocol.

From the position of "a competitor to Solana", NEAR seems to be gradually rising to become a potential leader, especially in the context of Layer-1 blockchain witnessing a wave of restructuring in infrastructure and user experience.

However, it cannot be denied that the cryptocurrency market in general is still extremely sensitive to macroeconomic factors, from liquidity flows, interest rates to changes in legal policies.

Although the Wyckoff accumulation phase may be a sign for a breakout, analysts also warn that the recovery of NEAR will heavily depend on the overall market context and the stability from external factors.

The combination of user growth, positive technical data, attractive valuation, and an increase in Google Trends searches is creating an ideal scenario for NEAR Protocol to enter a phase of strong growth.

Although the market remains volatile, if macro factors do not divert the current trend, NEAR could very well become one of the brightest stars of the next bull cycle – a "well-kept secret" that only astute investors will realize early.

Emma

SOL9.06%
FOMO6.75%
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