$NEAR is extremely undervalued.
The entire supply is circulating, and all their mechanics are build in favor of the community actively using the token.
Nobody is interested into AI <> #Crypto protocols.
And that's where the real alpha is.
The current valuation of NEAR is $1.7B.
Arguably, that could be a lot, however I'd want to make sure to understand the thesis behind this one.
The revenue for 2026, in the first four months: 12 million $NEAR tokens.
That's: $15.6 million in 4 months (equals $40-60 million over the entire year 2026).
Before 2026, a total revenue of $10 million.
If that's solely for 2025, then it's projected to provide a CAGR of 300-500%, even during the hardest bear market conditions possible.
Let's model this further.
2025: $10 million
2026: $50 million (400%)
2027: $150 million (200%)
2028: $300 million (100%)
2029: $450 million (50%)
2030: $585 million (30%)
The projection would be that it achieves $500-600 million revenue in 2030.
To be putting this in context, the current Price-to-Sales Ratio of $NEAR is 34x.
Solana's: 40x
Ethereum: 200x
Average valuations for Web 2 companies would be between 15-30x P/S. For instance, OpenAI and Anthropic are currently trading at significantly higher numbers than that with significantly less revenue.
If this expansion continues for $NEAR, it makes sense that it will be trading at a higher valuation in the coming years, and is actually dirt cheap at this point.
The markets are undervaluing many crypto projects, and even if the current P/S ratio sustains for the coming years, NEAR could provide an investment thesis and return of 10-15X in the coming four years.
NOTE :DYOR
