Latest news with #NEARProtocol
Forbes
6 days ago
- Business
- Forbes
Top 10 Artificial Intelligence (AI) Cryptocurrencies
The term AI cryptocurrency is a bit misleading. AI cryptocurrencies are just tokens users spend to consume services on AI-focused blockchain platforms. For example, you might spend a certain number of tokens to use a crypto project's pooled resource of computing power. The following are the top 10 AI crypto projects based on their market capitalisation (according to CoinMarketCap on 25 June, 2025), and what each of them does. 1. Bittensor (TAO) Market cap: $US2.9 billion Bittensor is a peer-to-peer marketplace for machine intelligence, enabling AI models to pool their intelligence to create a 'digital hive mind.' Users spend TAO to consume Bittensor services. As of June 25, 2025, TAO trades at $US335.65, down from its September 2024 peak of $US714.30. 2. NEAR Protocol (NEAR) Market cap: $US2.6 billion NEAR Protocol claims it is creating a user-owned internet that guarantees privacy and ownership of data for its users. NEAR's transaction fees are paid in NEAR tokens. As of June 25, 2025, NEAR traded at $US2.14, down from its peak of $US18.07 in December 2022. 3. Internet Computer (ICP) Market cap: $US2.6 billion Internet Computer's big idea is a decentralised internet. Instead of websites and apps being hosted on servers owned by giants like Google and Amazon, websites built on ICP would have no fixed home, and would move between independently owned servers. Users spend ICP tokens to keep their sites online. As of June 25, 2025, ICP trades at $US4.89, down from its November 2021 peak of $US428. 4. Render (RNDR) Market cap: $US1.6 billion Render Network provides artists with computer rendering resources for creating 3D graphics and animations. Users spend RNDR tokens to consume services on Render. RNDR traded at $US3.21 as of July 25, 2025, down from its peak of $US11.87 in March 2024. 5. Artificial Intelligence Alliance (FET) Market cap: $US1.5 billion Artificial Intelligence Alliance is a cooperative project between SingularityNET and Ocean Protocol. The project aims to create a decentralised AI ecosystem and a universal AI token (ASI). As of June 25, 2025, FET was valued at $US0.66, down from its March 2024 peak of $US3.47. 6. Filecoin (FIL) Market cap: $US1.5 billion Filecoin is a peer-to-peer, decentralised file storage system. Users spend FIL tokens to store, retrieve and host digital information on the network. As of June 25, 2025, FIL was valued at $US2.27, down from its April 2021 peak of $US191.15. 7. Injective (INJ) Market cap: $US1.1 billion Injective is a blockchain project focused on decentralised apps (dApps) in the decentralised finance (DeFi) space. INJ is its native token, and users spend it to consume Injective services and vote on its governance (more tokens means more votes). As of June 25, 2025, INJ was valued at $US11.39, down from its March 2024 peak of $US52.04. 8. Virtuals Protocol (VIRTUAL) Market cap: $US1 billion Virtuals Protocol is all about AI agents (read: bots) operating within decentralised networks—effectively allowing bots to hold assets and execute transactions. The network is powered by the VIRTUAL token. As of June 25, 2025, VIRTUAL was valued at $US1.54, down from its January 2025 peak of $US5.07. 9. Story (IP) Market cap: $US872 million Story is a blockchain project concerned with tokenising creative works such as art and music so that they can be licensed and monetised. As of June 25, 2025, IP trades at $US3, down from its February 2025 peak of $US7.11. 10. The Graph (GRT) Market cap: $US823 million The Graph is a protocol for indexing and querying data from blockchains in a similar way that Google indexes and queries data from Graph's native, Ethereum-based token GRT trades at $US0.08 as of June 25, 2025, down from its February 2021 peak of $US2.34.
Yahoo
27-06-2025
- Business
- Yahoo
NEAR Tumbles 5% as Altcoin Market Fails to Sustain Rally
The cryptocurrency market is feeling the effects of broader uncertainty in equities as NEAR Protocol dropped 5.01% from $2.16 to $2.06 during the 24-hour period from June 25 to June 26. The bearish pressure culminated in a sharp sell-off between 13:36-13:51 on June 26, when NEAR plunged to a session low of $2.05 on heavy volume exceeding 154K tokens. Technical Analysis NEAR formed a clear bearish channel with resistance at $2.17-$2.19 and support at $2.09-$2.10, which was eventually broken on heavy volume exceeding 3.9M NEAR during the 12:00 hour. Notable volume spikes occurred during the 09:00-12:00 timeframe as selling pressure intensified, with the asset reaching its lowest point at $2.05 during the 13:00 hour. A potential double bottom pattern formed in the final 15 minutes of the analyzed period as buyers stepped in with increasing volume, suggesting possible short-term stabilization. The total price range over the 24-hour period was $0.14 (6.55%), indicating significant volatility. CoinDesk 20 Index Whipsaws as Early Gains Evaporate The CD20 demonstrated significant volatility over the last 24 hours from 25 June 15:00 to 26 June 14:00, with a price range of $22.40 (1.29%). After reaching a peak of $1,762.50, the index retreated to $1,740.10, as early bullish momentum gave way to consistent selling pressure throughout the morning session. This pattern erased nearly all gains and suggests potential further downside if support at $1,740 fails to hold.
Yahoo
26-06-2025
- Business
- Yahoo
NEAR Protocol Plunges 4% Before Staging Recovery Amid Market Volatility
The cryptocurrency market turned green over the past 24 hours from 24 June 15:00 to 25 June 14:00, with the global market cap increasing by 2.2% to $3.37 trillion. NEAR Protocol showed resilience during this period despite experiencing sharp price swings, establishing support at $2.14-$2.16 with high-volume buying emerging at critical points. In a significant development for NEAR's economic model, a proposal has been put forward to cut the protocol's inflation rate from 5% to 2.5%. This strategic move aims to enhance long-term blockchain sustainability, potentially boost token value, and better align ecosystem incentives. The proposal is currently subject to validator voting through the end of July 2025, demonstrating NEAR's commitment to decentralized governance. Technical Analysis NEAR-USD exhibited significant volatility during the 24-hour period from 24 June 15:00 to 25 June 14:00, with an overall range of $0.088 (4.0%). A sharp decline to $2.141 at 09:00 before recovering formed a key support zone around $2.14-$2.16. High-volume buying emerged at the 08:00-09:00 candles (volumes of 2.99M and 2.53M respectively, well above the 24-hour average). Resistance established near $2.22-$2.23 throughout the trading session. The 13:00 candle showed renewed bullish momentum with above-average volume (2.80M), suggesting potential continuation of the recovery trend. During the last 60 minutes from 25 June 13:06 to 14:05, NEAR-USD exhibited a bullish surge followed by a sharp correction. The price rallied from $2.17 to peak at $2.19 around 13:48-13:49, gaining approximately 1.2%. Notable volume spikes occurred during the uptrend (131,699 at 13:44) and during the correction (130,287 at 13:51). The price action formed a clear channel pattern with higher lows until the correction, suggesting continued consolidation. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
23-06-2025
- Business
- Yahoo
NEAR Protocol Surges 7% After Volatility Test, Establishes Key Support
The cryptocurrency market continues to reflect broader economic uncertainties as NEAR Protocol demonstrates resilience amid significant volatility. After experiencing a sharp decline to $1.79, NEAR has established support at $1.83 with substantial buying interest, particularly during high-volume trading periods. The token's recovery momentum has formed a clear uptrend channel with higher lows, suggesting renewed buyer confidence despite ongoing market pressures. Technical Analysis Highlights NEAR-USD experienced a 7.4% trading range (1.79-1.94) over 24 hours, with sharp decline to 1.79 during hour 20 followed by strong recovery. Key support established at 1.83 with high-volume buying interest, particularly during 13th and 20th hours where volume exceeded 10M units. Price tested 1.94 resistance level during hour 7, then consolidated between 1.90-1.92, suggesting accumulation phase. Clear uptrend channel formed with higher lows at 1.899, 1.904, and 1.906, confirming buyer interest following earlier volatility. Volume peaked during 11:38 period with nearly 30M units traded as price tested 1.908 resistance level. Brief pullback to 1.896 around 11:23 was quickly reversed, suggesting 1.90 has become significant support zone. Hourly close at 1.906 indicates consolidation near upper range, positioning NEAR for potential continuation of recovery. Sign in to access your portfolio
Yahoo
19-06-2025
- Business
- Yahoo
NEAR Protocol Surges 5% as Buyers Dominate Amid Middle East Tensions
The cryptocurrency market faces mounting pressure due to escalating tensions between Iran and Israel in the Middle East. NEAR Protocol has demonstrated remarkable resilience, climbing 4.5% with significant volume support around the $2.11-$2.12 range. This performance comes as traditional markets struggle to find direction amid conflicting economic signals. NEAR's strong performance coincides with heightened trading activity, particularly during peak hours when volume reached 5.14M units. The token continues to test resistance at $2.20, suggesting continued interest despite broader economic concerns. Technical Analysis NEAR-USD experienced a significant bullish breakout, climbing from $2.124 to $2.170, with a notable 24-hour range of $0.095 (4.5%). A clear high-volume support zone formed around $2.110-$2.120, where buyers consistently stepped in, particularly during the 18:00-20:00 timeframe when volume peaked at 5.14M units. Key resistance level emerged at $2.205-$2.210, tested twice but failing to break through, suggesting potential consolidation before the next leg up. Overall trend remains bullish with higher lows forming a supportive trendline, though recent hours show decreasing momentum that warrants caution. In the last hour, NEAR-USD continued its bullish momentum with significant price action between $2.169 and $2.173, forming a higher low pattern that reinforces the broader uptrend. Notable volume spikes occurred at 13:21 and 13:39, with over 65,000 and 83,000 units respectively, indicating strong buyer interest at these levels. Price successfully tested and held above the $2.170 support zone multiple times, culminating in a final push to $2.173 by the end of the period, suggesting continued bullish sentiment despite some consolidation phases. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
