$NEAR Wants Less Inflation. Here’s My Take, and the Chart 🗳️
Takeaway: good for long-term holders, but it isn’t a short-term catalyst.
The vote (HSP-029):
🔹 Cuts max issuance from 2.5% to 1.6% over 24 months
🔹 Staking yield drops from ~5.3% to ~3.4%
🔹 Voting closes Nov 2, then a 90-day grace period begins
🔹 Validators must still adopt the upgrade separately
My thought: I like less dilution, and it’s NEAR’s second cut in a year. But lower rewards squeeze stakers and small validators, and the author’s company holds ~55M NEAR and plans to vote yes. That’s worth knowing.
Chart:
🔹 Support: $5.00, then $4.90
🔹 Resistance: $5.25, then $5.44
🔹 Lose $4.90 and $4.30 comes into play
I’d treat the vote as a slow tailwind, not a trigger. I’m waiting for a daily close above $5.44 before getting bullish.
💬 Does lower inflation make $NEAR more attractive, or does it hurt staking too much? 👇
⚠️ Not financial advice. DYOR.
#NEAR #NEARProtocol #Tokenomics #BinanceSquare #NEAROpensVoteToCutAnnualIssuanceTo1.6%
Takeaway: good for long-term holders, but it isn’t a short-term catalyst.
The vote (HSP-029):
🔹 Cuts max issuance from 2.5% to 1.6% over 24 months
🔹 Staking yield drops from ~5.3% to ~3.4%
🔹 Voting closes Nov 2, then a 90-day grace period begins
🔹 Validators must still adopt the upgrade separately
My thought: I like less dilution, and it’s NEAR’s second cut in a year. But lower rewards squeeze stakers and small validators, and the author’s company holds ~55M NEAR and plans to vote yes. That’s worth knowing.
Chart:
🔹 Support: $5.00, then $4.90
🔹 Resistance: $5.25, then $5.44
🔹 Lose $4.90 and $4.30 comes into play
I’d treat the vote as a slow tailwind, not a trigger. I’m waiting for a daily close above $5.44 before getting bullish.
💬 Does lower inflation make $NEAR more attractive, or does it hurt staking too much? 👇
⚠️ Not financial advice. DYOR.
#NEAR #NEARProtocol #Tokenomics #BinanceSquare #NEAROpensVoteToCutAnnualIssuanceTo1.6%