The NEAR Protocol is a blockchain platform designed for creating scalable, user-friendly decentralized applications. It gained popularity after integrating sharding and artificial intelligence technologies. In recent months, NEAR’s value has surged by 44%, leading to speculations that it might reach $10 exchange rate before the end of the year.
The positive momentum for NEAR is confirmed by its rising relative strength index (RSI) and the solid support provided by its moving averages. Seth, a renowned cryptocurrency analyst, predicts that the asset could continue its impressive performance and potentially reach $10 in the coming months. The potential of the NEAR Protocol is driven by its AI-related updates, such as AI-generated code development, AI marketplace, and AI-based decentralized applications (dApps).
Additionally, Grayscale, the world’s largest cryptocurrency fund manager, has named NEAR Protocol as its top AI fund, making up 30.13% of its portfolio. In the future, NEAR aims to work on connecting AI tools with its blockchain and create the world’s largest open-source AI model. They’ve also partnered with Alibaba Cloud, which could promote higher integration levels.
Moreover, NEAR’s blockchain is now compatible with Ethereum’s ecosystem, potentially increasing its user base.
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<p>The post Unveiling NEAR Protocol’s AI Integration & Sharding: Fueling Growth to Reach $10 Exchange Rate? first appeared on CoinBuzzFeed.</p>
