In a series of recent developments from the crypto market, NEAR Protocol is making strides in implementing user-owned Artificial Intelligence. As part of this roadmap, the organization is planning to hire AI Engineers, migrating towards implementing AI-tailored solutions and making significant progress in blockchain technology. The value of Bitcoin also peaks as the quadrennial event of halving draws near, with major market players such as Tesla, Coinbase and MicroStrategy seeing a rise in their stocks as Bitcoin prices approach record levels. The event sets an expectation for the 'NEAR Coin' to hit a new high this year.
Coinbase, Solana, and NEAR Protocol show substantial increases, primarily driven by market anticipation. Despite a near-record high funding rate, Bitcoin's pullback is not yet complete. The NEAR foundation has also selected Eigenlayer as a security partner, highlighting the foundation's strategic-thinking towards security.
Moving forward, NEAR Protocol is pioneering multichain transactions from a single account, demonstrating its technical competence and innovation in the practical use of blockchain technology. The strides made by the Near Protocol predict a bullish future for NEAR Coin. The news of upcoming partnerships and continuous innovation within its ecosystem predicts a positive impact on NEAR Coin's future value. Blockchain advancements, strategic partnerships, and protocol upgrades appear to be driving this upward trend.
On the global scene, U.S. Fed Chair Powell stated that the country is 'nowhere near' pursuing Central Bank Digital Currency (CBDC) and will respect citizens' privacy. Routine fluctuations in the cryptocurrency market persist, with Ethereum's upcoming Dencun Upgrade presenting the potential for Near-Zero Fees for Layer-2 Blockchains, thus benefitting NEAR Coin indirectly.
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