Price Recovery in the Cryptocurrency Market is Significant
Over the past six months, the cryptocurrency market has grown, with many of the top 100 currencies seeing double- and triple-digit rises. Even record high prices have been obtained for some of these coins. With the introduction of tools like ChatGPT and Google’s Bard, the expanding trend of AI in the industry might be blamed for the growth in the cryptocurrency market.
AI Becomes the Center of Near Protocol
With a tweet proclaiming that “AI is NEAR” and retweeting a message from a community-driven Twitter profile, Near Protocol just hopped on the AI bandwagon. The article emphasizes Near Protocol’s potential as a top blockchain for allowing use cases for future AI.
The Near Protocol offers a value layer for data that other applications and protocols may use in an open and truthful way. Machine learning models have been discretely trained utilizing millions of data points tagged by thousands of people globally using an application called NearCrowd that runs on the chain.
Expected Increase in AI in Crypto
It is anticipated that the AI sector in cryptocurrency will continue to grow in the next years as the need for AI-based services like ChatGPT increases. According to CoinGape’s cryptocurrency market tracker, the price of Near Protocol (NEAR) is currently $2.74, up 16.75% over the last day and 22% over the last week.