Matt Hougan: NEAR 40x Target Still Below Ethereum Today
Matt Hougan states that Bitwise's base case 40x target for NEAR by 2030 would leave the token less valuable than Ethereum trades today.
SourceAnalysis
Matt Hougan rejected claims that a 40x rally in NEAR from roughly $5 would be unrealistic, arguing the resulting valuation would still sit below Ethereum's current market cap at bear-market lows.
NEAR trades at $5.07 beneath the EMA50 resistance at $5.21 yet above the EMA200 floor at $4.22, with the MACD death cross confirming bearish momentum while RSI at 42.73 remains neutral inside the Bollinger bands; a push toward upper-band resistance at $6.05 appears the next logical test before any deeper retracement to the 50-EMA.
Matt Hougan
@Matt_HouganBitwise Invest's CIO and FutureProof co-founder, former ETF.com CEO bringing deep investment expertise to digital assets.