The price of a single coin says almost nothing about whether it is undervalued. A token priced at $0.01 can have a higher valuation than a token priced at $100 if its supply is much larger.
When analyzing $NEAR or any other asset, it’s useful to start by asking: what would its market cap be at my target price? Then ask what would justify that valuation.
Expecting it to “reach at least one dollar” only makes sense when you also consider the number of tokens. A round price is convenient to talk about, but it doesn’t replace doing the math.
When analyzing $NEAR or any other asset, it’s useful to start by asking: what would its market cap be at my target price? Then ask what would justify that valuation.
Expecting it to “reach at least one dollar” only makes sense when you also consider the number of tokens. A round price is convenient to talk about, but it doesn’t replace doing the math.