"Fulamak, the price can definitely go up if they have cooperation in the future."
Currency crypto NEAR saw an incredible climb as its price since March 5, 2024 has almost doubled broke through $8 driven by anticipation of Nvidia's annual conference which also drives related tokens artificial intelligence (AI).
Co-founder and Chief Executive Officer (CEO) of Near Protocol Illia Polosukhin is scheduled to participate in a panel titled "Transforming AI" at the conference which will be hosted by Nvidia founder and CEO Jensen Huang.
The string, Speculations about a potential collaboration between NEAR and Nvidia have erupted follow-up NEAR is the only crypto-related firm scheduled to present on the main panel.
Please note that NEAR's price rally reflects broader trends in the AI crypto market where tokens such as Fetch.ai (FET), Graf (GRT) and SingularityNET (AGIX) have all posted gains of over 30% over the past week.
According to Arthur Cheong, Chief Executive Officer (CEO) of DeFiance Capital said that the future is near following the additional 20% increase NEAR at $7 which marks the highest level since May 2022 has indicating optimistic crypto market sentiment.
In context, NEAR was not related before blockchain but his team started building the NEAR protocol in 2018 later mainnet launched in 2020 and before leading it, Polosukhin has contributed to Google Research to develop models and tools about AI.
NEAR operates as Proof-of-Stake blockchain (PoS) leverages a consensus protocol called Nightshade that allows NEAR processes about 100,000 transactions per second and generates blocks per second.
As of this writing, the price of NEAR has surged by 21.58% at $8.21 in the last 24 hours with a market capitalization of over $8 billion and has recorded a 101.28% increase over the last week.
