Source : Messari

NEAR Protocol [NEAR] has dropped to $4.55, marking a 2.39% decrease in the past 24 hours and a 5.51% decline over the past week.

Despite this downturn, crypto analyst Michael van de Poppe remains optimistic about NEAR’s potential, predicting a rebound that could push NEAR’s price to between $10 and $15, suggesting a potential 225% surge from its current level. NEAR's Total Value Locked (TVL) stands at $231.93 million, down from a year-to-date high of $358 million, reflecting weaker activity in NEAR’s DeFi ecosystem. NEAR is currently lagging behind newer networks in terms of DeFi adoption and asset accumulation. However, a potential rebound from support levels could lead to a broader recovery.