Tag: NEAR

NEAR Surges 42%, Nearing $20 Mark with Deutsche Telekom’s Support

NEAR’s price has managed to pop by over 42% this week. This recent pop led the token to near a $20 mark which is also said to be highly assisted by the involvement of Deutsche Telekom as a validator. This collab also overall boosted blockchain adoption hype. It currently holds a $1.6B trading volume and solid support at $2.74. Analysts are predicting NEAR hitting $15-20 in 3-6 months.

NEAR protocol is on a bullish ride right now and the momentum doesn’t seem to slow down any time soon. Over just past seven days, this token has managed to surge by over 42%. Coincidently so, they had made a massive collaboration with a German Telecommunications firm  Deutsche Telekom, which was said to support NEAR protocol in coming days.

Read more about their partnership: Deutsche Telekom Partners with Meta Pool to Advance Decentralized AI on NEAR Protocol

In short, NEAR’s like the ultimate plug-and-play blockchain for building DApps that can handle millions of users while, Deutsche Telekom is all about decentralization and keeping your data yours, so this collab just vibes perfectly.

While this partnership was buzzing all over with good vibes, the token still dipped by 5% in the past 24 hours. landing at $5.16, but no biggie as graph shows it is still up by 42% this week. Trading volume also hit a wild $1.6B, meaning investors are all over it. NEAR’s overall market cap is now $6.2B, with $1.2B tokens circulating.

The charts are giving traders a lot of information, at the fire support level of $2.74, buyers continue to intervene. On the other hand, NEAR needs to break beyond the $6.20 barrier in order to make more money. According to analysts, if it breaks that, it might soar to $15–$20 within the following three to six months.

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Deutsche Telekom Partners with Meta Pool to Advance Decentralized AI on NEAR Protocol

The team up of Deutsche Telekom with Meta Pool is creating huge buzz over decentralized tech. These two giants have teamed up in order to run a validator node on NEAR. This collab is ready to boost NEAR’s security and scalability by blending blockchain technology, AI, and privacy. This initiative really pushes boundaries for decentralized apps and eco-friendly blockchain. With Deutsche Telekom’s tech power, they’re surely leveling up NEAR and setting the vibe for a user-first, privacy-driven, decentralized future.

Decentralized technology has just taken a huge leap by the collaboration of Deutsche Telekom MMS and Meta Pool. They have collaborated as a part of  Enterprise Node Operator (ENO) program, which is a program by Meta Pool that is specially designed to connect major industry players with decentralized blockchain ecosystems. This collab leads to the program becoming first ever telecommunications giant to operate a validator node on the NEAR blockchain. Furthermore, it also gives signs of a new era of enterprise-driven blockchain adoption, powered by Meta Pool.

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This ENO program by Meta links big names with decentralized tech. By joining, Deutsche Telekom powers up NEAR’s network with top-tier infrastructure, making it more stronger and faster. This partnership is a big win for Meta Pool as it succeeds in fulfilling its very main goal of taking NEAR’s blockchain to the next level, especially focused on enhancing both scalability and security of the system. Deutsche Telekom joins in on this to push innovation in scalability, privacy, and their multi chain systems even further all of this in order to create a user-first, decentralized future focused on data privacy and transparency. With their expertise, NEAR is sure to level up its decentralization game and reshape the landscape of blockchain.

Near Protocol Aims to Create the World’s Largest Open-Source AI Model with 1.4 Trillion Parameters

Near Protocol just dropped in major updates! They’re currently working on the largest open-source AI model with 1.4 trillion parameters, revealed at the Redacted conference in Bangkok. Not only that, NEAR’s mainnet now also works with MetaMask and all Ethereum wallets, so ETH users can jump in without switching wallets. This led to NEAR’s price to surge by 9% to $5.17, boosted by a huge 139% increase in trading volume after the conference.

On a Redacted conference recently held on Bangkok, Thailand, Near Protocol made an announcement of their ambitious plans for the new AI model they are building. This one is supposed to be the largest open source Artificial Intelligence model in the world. It will contain 1.4 trillion parameters which in perspective is 3.5 times larger than the current open source Llama model by meta.

The project also involves support of collaborations s from the new hub Near AI Research and will be created through crowdsourced research and development. As of November 10 some participants in Bangkok are already able to start training a small model with almost 500 million parameters. Furthermore, the plan is looking to proceed by collaborating with the ones who would make the leap to work on progressively more complex models. Which means the project is bound to grow in size and sophistication through several models, seven to be exact.

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Price Outlook of NEAR

As the time of writing, Near Protocol’s token NEAR is priced at $5.33 with a 24 hour trading volume of almost $1.5 billion. This gives off a very positive vibe as it has managed to increase by 9.78% in just 24 hours and a whopping 44.39% increase in the past seven days. This momentum could break this coin way above its resistance level if it continues on till next week. With a circulating supply of bout 1.2 billion NEAR tokens, the platform is valued at a market capitalization of $6.4 billion.

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