#NEAR Protocol (NEAR) has experienced a surge in price, nearly doubling in value over the past week. This positive trend comes as NEAR prepares to be one of the few crypto-related firms presenting at #Nvidia's upcoming #AI conference.
Analyst Insights:
Experts believe NEAR's presence at the conference could spark significant interest from the AI community. NEAR's focus on scalability and ease of use aligns well with the growing demands of AI applications on #blockchains.
Recent Developments:
The NEAR Foundation recently addressed the undercollateralization issue with the USN stablecoin. They allocated $40 million for a "protection program" and are urging a wind down of USN.
What to Watch:
NEAR's presentation at Nvidia's conference could be a defining moment for the protocol.
Continued growth in active wallets on NEAR blockchain applications is another positive indicator to monitor.
Overall, the NEAR ecosystem appears to be gaining momentum. With a strong showing at the AI conference and ongoing development efforts, NEAR could be poised for further price increases.
Disclaimer: This information is for informational purposes only and should not be considered investment advice. Please conduct your own research before making any financial decisions.
