NEAR Protocol (NEAR) was trading near $6.9 after dropping from the $7.3 resistance level at press time. The NEAR price reached this level after almost 2 years amid its 130% surge in just over two weeks.
The expected participation of NEAR’s founder at Nvidia’s upcoming AI event fueled the recent surge. Furthermore, the platform is also expected to launch its latest product, ‘Near Tasks’, which is focused on AI.
Investors are also looking for the next big crypto to explode amid this bull run, with Green Bitcoin (GBTC) emerging as a promising early-stage option.
March NEAR price action
NEAR Protocol is a popular layer-1 blockchain with a unique sharding technology, ‘Nightshade.’ Its advanced sharding technology allows it to scale without compromising security.
As the crypto market continued its upward trend this week, Bitcoin has surged past the $70,000 mark and is making new highs at the time of writing. Amidst this bull run, the NEAR price has been among the top gainers, with its valuation up nearly 100% since March 5.
One of the main reasons for this pump is NEAR’s participation in Nvidia’s next big AI event. Illia Polosukhin, co-founder and CEO of Near Protocol, will join the “Transforming AI” panel at the conference along with Nvidia CEO Jensen Huang.
This has sparked speculation of a short-term partnership between the two firms, especially with the upcoming launch of NEAR’s AI platform. ‘Near Take.’
Moreover, the investor community has shown increasing confidence in NEAR’s potential amid this bull run. Arthur Cheong (CEO of DeFiance Capital) and a popular trader, Hsaka, expressed optimism for NEAR’s future.
Arthur Cheong expressed his optimism in a Tweetsaying “The future is TOWARDS” after the token’s 20% intraday jump to the $7 level, its highest valuation since May 2022.
Another crucial reason why the NEAR protocol price has risen is that Hsaka, a popular trader with over 500,000 followers – considered one of the best crypto Twitter accounts – recently posted a photo from NEAR Protocol’s co-founder, Illia Polosukhin.
From a technical point of view, a potential break above the $7 resistance seems plausible, especially after a bullish crossover of the 20 EMA and 50 EMA on the daily chart. This could help NEAR see a rally towards the $9.5-$10 range in the coming months.
Going forward, the investor community will be watching closely as NEAR Protocol prepares to showcase its developments and goals with its new AI product at the conference.
Green Bitcoin Gains Traction As It Approaches The $3.5 Million Milestone In Presale
Green Bitcoin ($GBTC) is a new crypto that combines Bitcoin’s principles with Ethereum’s greener and eco-friendly mechanism. It uses a ‘Proof-of-Stake’ mechanism, making it about 10,000 times greener than traditional Bitcoin mining.
The platform recently launched its presale for its native token GBTC. It raised more than $3.4 million in just a few weeks, showing high investor confidence.
At the time of writing, buyers can get the GBTC tokens for only $0.8022. However, this price will continue to rise through the following pre-sale phases until its expected stock exchange listing.
What sets Green Bitcoin apart is its ‘Gamified Green Staking’ and ‘Predict-to-Earn’ models. These features allow holders to stake $GBTC tokens and make daily predictions about Bitcoin’s price.
Early birders can get an APY of 135% at the time of writing. These rewards encourage long-term retention and actively involve the community in the project’s development.
Per the Green Bitcoin white paper, The platform has a total supply cap of 21 million tokens. It offers 50% of the tokens in the presale stage and offers early buyers a high upside opportunity.
Interested users can register Green Bitcoin’s Telegram group and follow it up X (formerly Twitter) to keep up with recent updates.
Visit Green Bitcoin
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