$NEAR STANDS OUT AS THE CRYPTO MARKET SHIFTS TOWARD ARTIFICIAL INTELLIGENCE.
Near Protocol was one of the standout assets of the past week, according to a report by Wintermute, which identified a rotation of capital toward projects linked to artificial intelligence.
The trend stood out against the broader market backdrop.
Bitcoin fell 3.2%, Ethereum lost 7%, and only 11 of the top 66 altcoins ended the week in positive territory.
Additionally, liquidations reached US$1.19 billion in just 24 hours.
Wintermute noted that some capital shifted toward AI-related projects, with NEAR taking center stage.
Factors associated with its performance included the addition of support for post-quantum cryptographic signatures and a possible large-scale short squeeze, although Wintermute clarified that it could not confirm these causes.
Meanwhile, open interest in NEAR futures reached a record US$1.92 billion on October 12, reflecting strong activity in derivatives.
The network has also been steering its development toward autonomous agents and decentralized computing, two areas linked to artificial intelligence.
For now, NEAR is drawing particular attention in an altcoin market that continues to show widespread weakness.
#Near #crypto #TrendingTopic #TradingCommunity #AltSeasonComing
TRADE HERE ๐
Near Protocol was one of the standout assets of the past week, according to a report by Wintermute, which identified a rotation of capital toward projects linked to artificial intelligence.
The trend stood out against the broader market backdrop.
Bitcoin fell 3.2%, Ethereum lost 7%, and only 11 of the top 66 altcoins ended the week in positive territory.
Additionally, liquidations reached US$1.19 billion in just 24 hours.
Wintermute noted that some capital shifted toward AI-related projects, with NEAR taking center stage.
Factors associated with its performance included the addition of support for post-quantum cryptographic signatures and a possible large-scale short squeeze, although Wintermute clarified that it could not confirm these causes.
Meanwhile, open interest in NEAR futures reached a record US$1.92 billion on October 12, reflecting strong activity in derivatives.
The network has also been steering its development toward autonomous agents and decentralized computing, two areas linked to artificial intelligence.
For now, NEAR is drawing particular attention in an altcoin market that continues to show widespread weakness.
#Near #crypto #TrendingTopic #TradingCommunity #AltSeasonComing
TRADE HERE ๐