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NEAR protocol price surges as AI Tokens jump on Nvidia’s $5 Billion intel bet

  • NEAR jumps 11% to $2.98 as Nvidia’s $5B Intel stake sparks AI crypto rally.
  • AI tokens surge with NEAR, TAO, Render and The Graph gaining on chip deal optimism.
  • NEAR eyes $3.6–$4 breakout as AI adoption and bullish charts fuel momentum.

NEAR Protocol price jumped more than 11% in 24 hours to hit $2.98 amid a broader rally in AI-linked cryptocurrencies.

The AI token’s uptick aligned with momentum that stemmed from Nvidia’s strategic $5 billion investment in Intel, with Bittensor, Render and The Graph among the top crypto AI gainers.

Tokens like Aster jumped 500% on Thursday.

NEAR price retests $2.98 as Nvidia news boosts AI tokens

NEAR Protocol’s token experienced a sharp uptick, retesting the $2.98 resistance level with an 11% pump.

This came after the cryptocurrency traded to lows of $2.70 earlier in the week, and the surge aligns with the overall crypto bounce and Nvidia’s announcement of a $5 billion equity stake in Intel.

This deal, which includes collaborative development of AI-optimized PC and data center chips.

It’s a move that points to Nvidia’s push to fortify US semiconductor capabilities amid global supply chain tensions.

The investment arrives at a pivotal moment for Intel, following a $9 billion US government stake via the CHIPS Act and a $2 billion infusion from SoftBank, bolstering Intel’s balance sheet and foundry ambitions without immediate reliance on Nvidia’s manufacturing needs.

AI tokens surge

For the AI crypto ecosystem, this move amplifies optimism as the partnership signals the AI chipmaker’s potential to “innovate for customers” as it grows its business.

NEAR, designed as an AI-native blockchain with sharding technology enabling up to 100,000 transactions per second, stands to benefit if momentum catalyzes price gains.

The protocol’s Nightshade consensus and tools like Near Tasks for AI agents resonate with Nvidia’s ecosystem, and key integrations may see the altcoin explode further.

Today’s Nvidia-fueled pump has similarly lifted the AI token sector: TAO climbed 7.7%,RENDER 8%, and The Graph (GRT) 5.9%, per CoinMarketCap data.

Broader market tailwinds, including Bitcoin’s recovery to above $117,600, have added an uplift to the upswing.

NEAR’s market cap moved back above $3.7 billion to rank 34th among top cryptocurrencies.

What’s next for NEAR price?

NEAR’s trajectory hinges on sustained AI momentum and technical breakouts targeting $3.6.

Both the RSI and MACD on the daily chart support upside continuation.

A look at the chart also shows a potential triangle pattern breakout.

NEAR price chart by TradingView

While downturn risks include macroeconomic headwinds, such as potential US regulatory scrutiny on AI chips or broader crypto volatility, NEAR has the potential to see levels above $4 in coming weeks.

The project’s protocol upgrades and global AI adoption trends could allow bulls to target highs of $8.

On the flip side, primary support could be around $2.62.

The post NEAR protocol price surges as AI Tokens jump on Nvidia’s $5 Billion intel bet appeared first on CoinJournal.

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Aster token pumps more than 500% post-TGE launch

  • ASTER token soars 550% to $0.52 post-TGE.
  • Total value locked catapulted to $1 billion, doubling pre-launch figures.
  • Aster’s debut bolsters BNB Chain’s ecosystem, boosting the BNB price.

The Aster ($ASTER) token’s debut saw it hit $0.58, rocketing by more than 500% within hours.

Aster then slightly pared the gains as traders looked for profits post-TGE and airdrop distribution for the YZi Labs-backed protocol.

Altcoins such as Lagrange, EigenLayer and BNB have outshone the broader market.

Launching at an initial price of approximately $0.08, the token swiftly ascended to a peak of $0.52.

It is a move that encompassed a staggering 550% gain in its first trading session and saw ASTER’s market capitalization rally past the $800 million threshold.

On debut, Aster rose to rank among the top 150 cryptocurrencies by market cap.

As the token’s price pumped, daily volume rose to over $420 million in the initial 24 hours, up 1800%.

While the 500% climb validates Aster’s utility in perpetual trading, bulls have to be aware of a potential sharp pullback if price overextends into the overbought territory.

Aster TVL jumps to $1 billion

Aster’s total value locked has exceeded expectations, surging to over $1 billion within days of the TGE in a milestone that represents a more than twofold increase from pre-launch figures of around $400 million, attracting over 330,000 new wallets and solidifying Aster’s position as the second-largest perpetual DEX globally.

The influx highlights the platform’s multi-chain prowess, spanning BNB Chain, Ethereum, Solana, and Arbitrum, where users leverage unique collateral options like liquid-staking as BNB and yield-bearing USDF stablecoins.

Privacy-focused innovations, such as zk-proofs have drawn sophisticated traders seeking capital efficiency without custodial risks whereas Aster’s integration with PancakeSwap has boosted ecosystem liquidity, contributing to a 15% uptick in BNB’s price over the past week.

Market observers note that this $1 billion TVL not only enhances on-chain stability but also positions Aster to capture a slice of the $16 billion Hyperliquid pie, potentially driving annual revenues toward $500 million through fee structures that reward $ASTER holders.

A significant first step for $ASTER on BNB Chain

For $ASTER, this TGE marks a transformative debut on BNB Chain, laying the groundwork for broader DeFi adoption.

As a high-performance Layer-1 with privacy at its core, Aster Chain empowers seamless perpetuals and spot trading, democratizing access for both novice and pro users via intuitive Simple and Pro modes.

The platform’s non-custodial ethos, coupled with governance via $ASTER enables fee discounts and protocol upgrades.

Implementation of this feature aligns with the community-first principles that propelled BNB Chain’s growth to over $16 billion in TVL.

This milestone extends beyond numbers as it validates BNB Chain’s edge in low-fee, high-throughput environments, especially as altcoin rotations favor derivatives amid Bitcoin’s stabilization above $117k.

The post Aster token pumps more than 500% post-TGE launch appeared first on CoinJournal.