High-tech and super-scalable blockchain protocol Near Protocol ($NEAR), which many view as one of the best blockchain protocols to ride the ongoing AI boom, is currently probing $7, up more than 70% on the month and over 260% since this time last year. The post Is $8 Next for Near Protocol? $NEAR Up 265.4% In A Year appeared first on Cryptonews.

Miles Deutscher, a prominent crypto analyst with over 575,000 followers on X (formerly Twitter), has unveiled his top ten artificial intelligence (AI) altcoins poised for significant growth by 2025. Emphasizing the burgeoning potential of the AI sector within the cryptocurrency landscape, Deutscher suggests that this could be “the biggest opportunity of the bull run.

A recent report from research firm Messari provided an overview of the NEAR (NEAR) protocol's performance during the turbulent third quarter (Q3) of 2024, when the broader cryptocurrency market experienced significant volatility. NEAR Protocol Q3 Performance Throughout Q2 2024, the crypto market saw a downturn that continued into Q3 for NEAR.

Altcoins are creating a buzz in the market with a rapid rise of 7.9% in market cap, while Bitcoin's price stayed flat, causing its dominance to dip to 58.54%.

As Bitcoin ($BTC) stalls at the $100,000 crossroads, certain altcoins are at the brink of breakouts. $BNB, $NEAR, and $FTM are at this juncture.

Crypto product firm 21Shares is launching new exchange-traded products (ETPs) centered around four prominent digital assets.

21Shares has introduced four new exchange-traded products (ETPs) focused on emerging blockchain technologies. The new offerings include the NEAR Protocol Staking ETP, Ondo ETP, Pyth Network ETP, and Render ETP.

NEAR Protocol targets $9 after a breakout rally. Bulls focus on $7.50–$8.00 for the next move.

AI crypto projects have been transforming the blockchain industry throughout this year, using automated data analysis and decision-making processes, for smarter and more efficient decentralized systems.

NEAR Protocol [NEAR] has hit a new milestone in its ongoing growth, reaching a significant Total Value Locked (TVL) of $244 million, the highest since July. This achievement is coupled with a notable 10.82% price surge, with NEAR trading at $6.35 at press time.

Story Highlights Near Protocol price reclaims the $6 mark, with a weekly surge of ~18%. Technical indicators record a sustained bullish price action this week. The NEAR price trades at a discount of 24.13% from its yearly high.

NEAR Protocol's $244M TVL milestone sets the stage for further bullish momentum.

Bitcoin (BTC/USDT) is once again flirting with the $100K level, but this time, it's not alone in the spotlight. Ethereum has finally woken up, signaling the long-awaited start of altcoin season.

NEAR Protocol has been on an impressive upward trajectory, posting a 12% gain over the past seven days. As of now, NEAR is trading at $5.79, boasting a robust market capitalization of $7.05 billion.

NEAR gains 12% in a week! $7B market cap, bullish momentum, and ecosystem expansion attract traders.

AI and Big Data tokens surged ahead of Nvidia's Q3 earnings, but “buy the rumor, sell the news” dynamics and technical setups hint at varied post-earnings paths for Fetch.AI, Render, and Near Protocol.

The altcoin market is buzzing with activity as several key players show promise in the current market. From Solana's rise to the developments surrounding Ripple's XRP, there's much to keep an eye on. Here's a look at some of the altcoins currently in the spotlight, based on the latest analysis from CryptosRus.

Bitcoin maintaining above $85,000 improves the price prospects for SOL, AVAX, SUI, and NEAR.

NEAR eyes $8.5 with a 33% gain potential, but faces key resistance at $6.406.

Undeniably, there has been a broader market pullback over the past couple of days. However, several AI-focused tokens have managed to post gains despite the downturn.

NEAR Protocol, the scalable blockchain network known for its speed and efficiency, is making headlines as its native token shows significant price action. After breaking through months of resistance, the price of NEAR has pulled back, retesting the critical $5 support level.

Good news could be ahead for this altcoin thanks to one certain update!

Near Protocol has established itself as a notable player in the blockchain ecosystem, offering a unique set of features like fast transaction speeds, low fees, and a commitment to environmental sustainability. As a result, the native token, NEAR, has garnered significant attention.

HERE Wallet, the leading NEAR Protocol crypto wallet, has partnered with web3 security protocol HAPI to establish HOT Labs. This new joint venture aims to accelerate the development of user-centric crypto solutions, enhancing both accessibility and security in the blockchain space.

Deutsche Telekom AG, the world's fifth-largest telecommunications provider by revenue, has taken a notable step into blockchain by joining the NEAR ecosystem as an Enterprise Node Operator. The partnership, announced on 11 November, positions the German telecom giant as a validator, strengthening NEAR Protocol's decentralisation and enhancing network security.

German telecom giant Deutsche Telekom has become the first telecommunication company to operate a validator within the NEAR Protocol.

TL;DR Near Protocol introduced its project to create the world's largest open-source AI model, with 1.4 trillion parameters. The platform integrated its mainnet with MetaMask and all Ethereum wallets, allowing users to access its applications without changing wallets. This integration will be key to enhancing chain abstraction, promoting interoperability and efficiency in DeFi.

Infinex has integrated Near Foundation's Chain Signature feature in a bid to boost interoperability among multiple protocols

The mainnet is now also compatible with MetaMask and with the entire suite of Ethereum wallets.

Infinex, founded by Kain Warwick, has inked a partnership with Near Foundation to integrate Near Chain Signatures.

Near Protocol has announced plans to build the largest open-source artificial intelligence model worldwide. The platform announced the initiative on the opening day of its Redacted conference, held in Bangkok, Thailand.

The 1.4 trillion parameter model would be 3.5 times bigger than Meta's current open-source Llama model.

The price of NEAR Protocol (NEAR) has been facing headwinds recently, showing a significant 25% drop over the past month. Despite forming a bullish chart pattern, a series of technical and market indicators suggest that NEAR may be headed towards its 2024 low of $2.450 rather than experiencing a breakout.

Nvidia has surpassed Apple in market capitalization, reaching a historic $3.43 trillion valuation. This milestone is evidence of Nvidia's leadership in the artificial intelligence industry, which has also led to a significant increase in the number of AI themed cryptocurrencies.

Hedera was also among the top performers, rising 4.1% from Monday.

NEAR is at pivotal price point right now, and the next few days could be key.

American statistician and writer Nate Silver on Friday described the 2024 U.S. presidential race is described as "a near coin flip," with Donald Trump narrowly leading Kamala Harris . What Happened: As of Oct. 31, Silver's forecast gives Trump a slight edge with a 53.4% chance of winning, compared to Harris's 46.2%.

NEAR Protocol (NEAR) is currently capturing the attention of traders and investors. After enduring a challenging month, NEAR has recently demonstrated signs that it might be poised for a significant upward movement.

NEAR could be on the verge of a significant upward move, but there are obstacles.

NEAR tumbles to $4.55 after underperformance, but experts see a 225% rally ahead.

NEAR will likely trend lower in the coming days, but bulls can rescue it soon.

Near Protocol token remains in a strong bear market after falling by almost 50% from its highest level this year. Near (NEAR) was trading at $4.62 on Oct. 24, as Bitcoin (BTC) and most altcoins remained under pressure.

The cryptocurrency landscape is always changing, and one altcoin that has recently caught the attention of traders is NEAR Protocol (NEAR). With its eyes set on a price target of $5.8, NEAR has been showing signs that it may be gearing up for a significant movement.

NEAR near-term price action is contingent on a few things working out.

Bitcoin (BTC) is currently heading higher. All eyes will be on the number one cryptocurrency as it paves the way for the crypto sector.

As of Q3 2024, CryptoRank stated that 3 million addresses were active every day on NEAR Protocol, making it a major player in the blockchain world. This huge number is higher than both Tron (2 million daily active addresses) and Solana (2.4 million daily active addresses) during the same time period.

Amid the recent volatility in the altcoin market, the Near Protocol shows a bearish reversal gaining momentum. With a bearish engulfing candle turning the tides, crucial supports are at risk. Will the bearish cycle in this altcoin result in a crash below $4 for an extended crash? Find out more about our NEAR price analysis.