Cryptocurrency analyst Michaël van de Poppe has identified NEAR Protocol (NEAR) as the "most undervalued" crypto token, highlighting a significant disconnect between its price and fundamental growth. According to van de Poppe, NEAR's ecosystem is expanding rapidly, particularly with the development of NEAR Intents, which has seen accelerated revenue and interest, yet the token's price remains near the bottom of its long-term range.
Technically, the NEAR/BTC weekly chart shows a rounded bottom formation, indicative of an accumulation phase rather than a breakdown. A bullish divergence on the 3-day timeframe suggests potential upward momentum, with price targets set at approximately 0.00031395 BTC (a 57-58% increase from current levels) and a secondary target near 0.0006689 BTC. Van de Poppe emphasizes that NEAR appears undervalued in both USD and BTC terms, a rare occurrence that signals the market has not priced in its growth, including rising developer activity and integrations.
He recommends accumulating NEAR during this phase, as the fundamentals outweigh the current price action, and a breakout could be imminent based on chart patterns and market participation spikes.
