NEAR Protocol (NEAR) traded near $6.9 after dipping from the $7.3 resistance level at press time. The NEAR price reached this level after nearly 2 years amid its 130% rally in just over two weeks.
The anticipated participation of NEAR’s founder at Nvidia’s upcoming AI event has fueled the recent surge. Moreover, 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 sacrificing security.
As the crypto market continued its uptrend this week, Bitcoin surged past the $70,000 mark and is finding new all-time highs at the time of writing. Amid this bull run, the NEAR price has been among the top gainers, with its valuation rising nearly 100% since March 5.
One of the main reasons for this pump is NEAR’s participation in Nvidia’s next big AI event. Near Protocol co-founder and CEO Illia Polosukhin is set to join the “Transforming AI” panel alongside Nvidia’s CEO Jensen Huang at the conference.
This caused speculation about a near-term partnership between the two firms, especially with the upcoming launch of NEAR’s AI platform. ‘Near Tasks.’
Additionally, the investor community has shown growing confidence in NEAR’s potential amid this bull run. Arthur Cheong (CEO of DeFiance Capital) and a popular trader, Hsaka, have shown optimism for NEAR’s future.
Arthur Cheong expressed his optimism in a Tweet, stating “The future is NEAR” after the token’s 20% intraday jump to the $7 level, its highest valuation since May 2022.
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Another pivotal reason why the NEAR Protocol price moved up is that Hsaka, a popular trader with over 500K followers – considered one of the best crypto Twitter accounts – recently posted a photo of NEAR Protocol’s co-founder, Illia Polosukhin.
From a technical standpoint, 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 can help NEAR see a rally toward the $9.5-$10 range in the coming months.
Going forward, the investor community is watching closely as NEAR Protocol gears up to show its developments and goals with its new AI product at the conference.
Green Bitcoin gains traction as it nears 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 approximately 10,000 times greener than traditional Bitcoin mining.
The platform recently launched its presale for its native token GBTC. It has raised over $3.4 million in just a few weeks, showing high investor confidence.
At the time of writing, buyers can get the GBTC tokens for just $0.8022. However, this price will keep increasing through the next presale stages until its expected exchange listing.
What sets Green Bitcoin apart are its ‘Gamified Green Staking’ and ‘Predict-to-Earn’ models. These features allow holders to stake $GBTC tokens and make daily predictions on Bitcoin’s price.
Early stakers can get an APY of 135% at the time of writing. These rewards encourage long-term holding and actively involve the community in the project’s development.
Per the Green Bitcoin whitepaper, 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 enter Green Bitcoin’s Telegram group and follow it on X (formerly Twitter) to keep up with recent updates.
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