NEAR Protocol surges 50%: AI token market rally begins
On Friday, NEAR Protocol (NEAR) demonstrated robust growth, rising 34% over the last 24 hours to reach $2.32. Leading among AI-based tokens, the rally was primarily driven by network updates and NVIDIA's positive earnings forecast. Currently, the NEAR price is 50% higher than seven days ago and 115% higher over the last 90 days. This is reported by Cointelegraph.com .
According to TradingView data, the recovery process for NEAR began on Monday, reaching a six-month high of $2.34 by Friday. Alongside the price increase, trading volume also rose significantly: in the last 24 hours, trading turnover grew by 190% to reach $1.15 billion. This indicates high activity and interest from buyers in the market.
The altcoin's jump above the $2.30 level resulted in over $9.85 million in short liquidations. This growth followed major updates announced by NEAR Protocol focused on privacy, AI integration, and network scaling. Additionally, Aurora, an Ethereum-compatible solution built on NEAR, introduced its new widget, further simplifying cross-chain operations.
Alongside NEAR, other AI tokens are also showing strong results in the market. Specifically, Grass (GRASS) rose 27%, OpenServe (SERVE) 21%, and Artificial Superintelligence Alliance (FET) 11%. Overall, the market capitalization of crypto projects in the AI and Big Data sector grew by 8% in one day to reach $21.44 billion, signaling a return of investor confidence in this sector.
