Tag: surges

  • TAO surges past $300 ahead of first halving, fueling bullish outlook for Bittensor

    TAO surges past $300 ahead of first halving, fueling bullish outlook for Bittensor

    Bittensor TAO Halvening

    • Bittensor price jumped to above $300 as bulls showed signs of recovery.
    • TAO was bullish ahead of the AI token’s first network halving.
    • Gains for Bittensor come as Wall Street also flips bullish on the AI narrative.

    Bittensor (TAO) traded green on the day on December 4, 2025, with sentiment bullish as the altcoin breached the $300 threshold.

    This surge, occurring just days before the network’s historic halving event, could allow bulls to target recent highs.

    Growing confidence in Bittensor’s role as a pioneering platform in decentralized AI and in machine learning incentives has TAO as one of the altcoins traders are watching.

    Bittensor price jumps above $300

    The cryptocurrency market has witnessed a notable uptick in the past 24 hours.

    While bears continue to maraud amid potential profit-taking spikes, bulls are showing strength.

    A flurry of activity surrounding Bittensor, a blockchain protocol that decentralizes AI model training and inference through a competitive subnet ecosystem, points to TAO price’s likely short term rally.

    Bittensor Chart
    Bittensor price chart by TradingView

    In this case, TAO’s surge above $300 represents a pivotal moment. The altcoin surged to above $314 on Dec. 4 before paring some of the gains.

    Significantly, Bittensor price dramatically jumped from around $300 on October 11, 2025, to hit $500 on November 2.

    The rally in a little over three weeks nonetheless fizzled, and the TAO price is down about 28% in the past month.

    The token’s correction came amid broader market jitters.

    Bittensor and AI sector forecasts

    Bittensor is a top AI-related coin by market cap, ahead of NEAR Protocol, Internet Computer, and RENDER.

    Growth has included the project’s positioning as the marketplace for machine intelligence.

    It’s where validators and miners earn TAO rewards for contributing computational resources and novel AI models. Prices have often spiked amid key AI developments, and that reflects amid latest outlook.

    Wall Street giants point out that the AI boom that catapulted Nvidia and other stocks higher is not a bubble.

    Noting that the sector could yet explode, BlackRock and Bank of America analysts have forecast a fresh supercycle. Key drivers of this include real corporate investments, major earnings, and productivity gains.

    AI is not driven by the irrational exuberance that underpinned the dot-com bubble in the 2000s, the analysts noted.

    The TAO price could rally amid the anticipated AI narrative resurgence.

    What’s Bittensor’s upcoming halvening?

    Bittensor’s inaugural halving, which is about 10 days away as of writing, is about network tokenomics. It mirrors Bitcoin’s supply-reduction strategy, but tailored to AI incentives.

    Currently, the network emits approximately 7,200 TAO tokens daily to reward participants in its proof-of-intelligence consensus.

    However, the halving will cut the emissions to 3,600 TAO. Bittensor has a total supply of 21 million TAO, and the halving, like in BTC’s case, ensures long-term scarcity as adoption grows.

    The halving could thus catalyze price discovery. BTC jumped following its 2024 halving, and TAO bulls are likely to eye a return to $500.

    Notably, the coin’s all-time high of $795.6 was reached in April 2024.

    Source link

  • NEAR surges 24% as bulls break key resistance

    NEAR surges 24% as bulls break key resistance

    Bitcoin Soared Amid Wall Street Gains

    • NEAR price rose more than 20% to highs of $2.34.
    • The uptick comes amid gains for several altcoins despite ongoing crypto market weakness.
    • Bulls reclaiming the $2 mark could allow them to target $4.6 for a fresh 100% rally.

    NEAR Protocol’s native token has skyrocketed 24% in the past 24 hours, shattering a persistent resistance barrier and reigniting investor enthusiasm amid broader cryptocurrency volatility.

    NEAR currently trades at $2.27, slightly off the intraday high of $2.34 that marked its highest level since mid-October.

    Gains signal a potential shift in sentiment as multiple tokens eye bounce, including Tezos (XTZ).

    NEAR price today

    NEAR’s bullish performance has seen the token climb from lows of $1.83 to fresh highs of $2.34 in the past three days.

    Although the price is slightly off the intraday peak, market data shows aggressive buying.

    Per CoinMarketCap data, the token’s daily trading volume increased by over 300% to $753 million.

    It’s a significant show of conviction from bulls and the main metric behind the NEAR price breakout.

    Ostensibly, the move saw bulls decisively clear the $2.00 psychological resistance, allowing them to target fresh momentum.

    This outlook could gain additional tailwinds from parallel developments in the privacy sector.

    In particular, this is a market where Zcash (ZEC) has exploded nearly 700% in the past month, drawing renewed attention to shielded transactions and anonymous DeFi.

    Zcash’s resurgence is closely tied to NEAR’s innovative Intents protocol, a cross-chain coordination layer that simplifies complex swaps while preserving user privacy.

    Zcash’s official Zashi wallet has deepened its integration with NEAR Intents, enabling seamless on-ramps and off-ramps for shielded ZEC conversions from assets like BTC, SOL, and USDC.

    For NEAR, the linkage amplifies its appeal as the “blockchain for AI,” where Intents not only streamlines interoperability but also embeds privacy-by-design features.

    As Zcash’s shielded pool nears 30% of its supply, NEAR benefits from the spillover, with ecosystem projects like OceanPal committing $120 million to treasury-backed intents.

    Is NEAR price poised for a 100% bounce?

    The technical outlook for NEAR paints a decidedly bullish picture, with key indicators aligning for a possible 100% bounce from current levels toward $4.60.

    The Relative Strength Index (RSI) on the daily chart has surged to 51, hitting neutral territory after dipping into oversold readings of 28 on Nov. 4.

    Meanwhile, the Moving Average Convergence Divergence (MACD) histogram has flipped positive, with the line crossing above the signal.

    This suggests a potential bullish divergence, similar to what preceded NEAR’s June-July rally from $1.97 to $3.12.

    Trading volume, already elevated, shows sustained spikes, averaging the breakout above $2.00 as genuine rather than a fleeting pump.

    A sustained hold above $2.30 could trigger a breakout.

    NEAR Chart
    NEAR price chart by TradingView

    However, downside risks remain as the price hovers near $2.00.

    If the confluence of current support fails, bears could push the token’s value well below the psychological mark.

    Nonetheless, as Zcash’s boom reflects demand for secure, intent-based DeFi, NEAR stands to benefit from traction.



    Source link

  • Maple Finance (SYRUP) surges 12% as protocol revenue hits record $2.16M in October

    Maple Finance (SYRUP) surges 12% as protocol revenue hits record $2.16M in October

    Maple Finance Token Syrup

    • Maple Finance (SYRUP) price rose 12% on strong volume.
    • Gains see bulls converge near the key resistance zone of $0.50.
    • The uptick comes as Maple hits a new all-time high in monthly protocol revenue.

    Maple Finance (SYRUP) price is experiencing a notable outperformance.

    According to CoinMarketCap data, the on-chain asset management platform’s native token has spiked more than 12% in the past 24 hours, outpacing the broader cryptocurrency market.

    Notably, gains align with the platform’s record-breaking revenue performance in October 2025, and come amid key recent developments for the Maple Finance ecosystem.

    SYRUP price jumps 12%, outpaces crypto market

    Cryptocurrencies showed a muted reaction to the Federal Reserve’s 25 basis points interest rate cut on Oct. 29. Prices fell amid Fed chair Jerome Powell’s speech.

    Bitcoin and top altcoins also showed a similar outlook during Asian hours on Thursday despite positive U.S.-China trade talks reports.

    However, amid this generally subdued crypto market reaction, Maple Finance shone.

    The SYRUP token registered an impressive 12% increase over the past 24 hours as it hit highs of $0.45.

    This surge saw the DeFi token stand alongside Zcash, Euler and Aerodrome Finance as some of the top performers on the day with double digit gains. While selling has token’s price off intraday highs, bulls are looking to hold near $0.42.

    Maple Finance SYRUP
    SYRUP price chart by CoinMarketCap

    For SYRUP, gains come amid robust trading activity.

    CoinMarketCap data shows a sustained bullish momentum on the back of strong trading volume of $76.4 million – up 120% in 24 hours.

    As bulls gather near a critical resistance level of $0.50, it appears fresh capital flows into Maple’s offerings and significant sector traction could aid the SYRUP price.

    Maple Finance hits $2.16M in monthly protocol revenue

    As SYRUP holders cheer their latest gains, also on the agenda is Maple Finance’s milestone of a new all-time high in monthly protocol revenue.

    Per details, Maple reached $2.159 million for October 2025. This milestone represents a significant leap from previous months.

    Maple Finance
    Maple Finance revenue chart from Dune Analytics

    For context, revenue figures from earlier months showed a progressive climb.

    The protocol started from modest levels around $100,000 in early 2024, before jumping to about $1.2 million by mid-2025. In October, that figure stood at over $2 million.

    Notably, the revenue boost stems from increased activity in Maple’s lending and asset management services, which cater to institutional players seeking on-chain solutions.

    Protocol fees from borrowing, lending, and yield-generating activities have increased substantially, reflecting the platform’s success in scaling its operations.

    Key gains, in both price and revenue, are unfolding against a backdrop of strategic milestones for Maple Finance. One is the sunsetting of SYRUP staking to introduce buybacks.

    The platform recently forged a partnership with Aave, a leading DeFi lending protocol, to introduce institutional-grade credit options.

    This collaboration allows for the listing of assets like syrupUSDT on Aave’s markets, enhancing liquidity and capital efficiency for users.

    Additionally, Maple recently announced reaching $5 billion in assets under management (AUM), a testament to its growing influence in managing on-chain investments.



    Source link

  • Aerodrome price surges 10% after Animoca Brands announces strategic investment

    Aerodrome price surges 10% after Animoca Brands announces strategic investment

    Aerodrome Finance Price

    • Aerodrome Finance price eyes breakout above $1.
    • This comes after Animoca Brands announced it market-acquired and staked AERO tokens.
    • Market sentiment and the institutional confidence may propel Aerodrome Finance price to $1.34.

    Aerodrome Finance (AERO) price is up amid bullish momentum.

    The token gained as web3 and gaming investor Animoca Brands makes a strategic investment, a move that helped AERO price extend 24-hours to over 10% and briefly surpass the $1 mark.

    The Animoca Brands’ backing of Aerodrome Finance adds to the growing institutional interest in the decentralized exchange project on Base.

    Animoca Brands acquires, stakes AERO

    Animoca Brands announced its acquisition of AERO tokens on October 28, noting it made purchases on the open market. The company then staked all of these tokens for veAERO, demonstrating long-term commitment to Aerodrome Finance.

    Buying and staking AERO aligns with Animoca’s mission to generate value in open networks and support innovative protocols.

    As noted in the post above, the company sees Aerodrome as a dominant player on Base. With more than 50% of the DEX total value locked (TVL) on the blockchain, Aerodrome has become the central liquidity hub for the ecosystem.

    “Aerodrome is a key component in the engine behind Base’s DeFi growth and Coinbase is making it seamless for its CEX users to trade tokens which have liquidity on DEXs such as Aerodrome thus driving more value to Aerodrome voters. With sustainable tokenomics for $AERO and the team’s ability to execute, Aerodrome has proven its standing as a key player in Base infrastructure,” Animoca Brands posted on X.

    The investment follows a pattern of institutional backing for Aerodrome, including previous acquisitions by entities like Coinbase Ventures and Wintermute Ventures.

    Alexander Cutler, CEO of Dromos Labs and a core contributor to Aerodrome, lauded Animoca’s move. He noted that AERO’s value is accessible only through open market participation and active involvement.

    Price outlook: AERO bulls eye breakout above $1

    At the time of writing, AERO is up nearly 2% on the day and has extended the uptick to 10% in the past 24 hours.

    Over the past week, AERO has climbed 26%. This sees it outperform the broader market gains and form an uptrend since touching lows of $0.70 on Oct. 17.

    Currently, price hovers in a key range near $0.99 as bulls aim for a decisive breakout above the $1 psychological level.

    AERO price chart by TradingView

    If AERO strengthens above $1, it would allow bulls to target the next hurdles around $1.2 and then $1.34.

    The RSI at 70 on the 4-hour chart nonetheless suggests gains will firmly push AERO into the overbought zone. However, the MACD points to strength for buyers as the signal line cuts above the zero line, suggesting bullish momentum.



    Source link

  • Bio Protocol price surges 56% amid major network moves

    Bio Protocol price surges 56% amid major network moves

    • Bio Protocol’s native token (BIO) surged 56% to $0.1238 within 24 hours of its listing on Upbit, South Korea’s leading crypto exchange.
    • A network update has introduced advanced AI-driven BioAgents, multichain support and other developments critical to the Bio Protocol ecosystem.
    •  BIO’s market cap climbed to $196 million.

    Bio Protocol’s native token has experienced a dramatic surge, rising 56% in the past 24 hours to reach $0.1238, with trading volume exceeding $164 million.

    This rally comes after the token’s listing on South Korea’s premier cryptocurrency exchange, Upbit.

    Bio Protocol price skyrockets amid Upbit listing

    After a month-long decline, Bio Protocol (BIO) is showing signs of recovery.

    Since October 1, the cryptocurrency had been in a steady downtrend, falling from $0.15 to a low of around $0.078.

    The announcement of BIO’s listing on Upbit has acted as the immediate catalyst for the token’s explosive growth.

    Upbit commands over 80% of South Korea’s crypto trading volume and has a storied history of propelling altcoins to new heights.

    At the time of writing, BIO’s trading volume surged 820% in the last 24 hours to $311.55 million.

    This listing builds on BIO’s exchange momentum, following debuts on Binance and Kraken. 

    BIO’s price is currently trading at $0.11, having shattered resistance at $0.09, and its market capitalization now stands at nearly $196 million according to CoinMarketCap’s data.

    Bio Protocol price chart by CoinMarketCap

    However, traders warn of potential pullbacks if broader market corrections materialize, emphasizing the need for sustained adoption beyond hype.

    BIO surges amid major network update

    Adding to the momentum from the Upbit listing is the ongoing cheer of Bio Protocol’s recent news of a major network update.

    The update and its momentum have further energized its community. 

    The update introduces enhancements to Bio Protocol’s staking mechanisms.

    There’s also the integration of BioAgents, or AI-driven research assistants, with these aimed at automating hypothesis generation and experiment tracking. 

    “From AI co-scientists to biotech IP, over 8,000 participants joined the first wave of the new Bio Launchpad projects. These launches tokenized AI co-scientists and biotech IP, enabling communities to fund and own breakthroughs in stem-cell research, men’s health, and brain health. Each project bootstrapped onchain treasuries and liquidity, setting the foundation for incentive-aligned communities around real-world science.”

    While aspects such as network slowdown affect immediate community outlook, Bio Protocol’s ability to bridge biotechnology innovation with decentralized governance is huge for BIO.

    It redefines industry standards, offering investors a unique opportunity to participate in a transformative ecosystem. 

    Stakeholders are advised to monitor upcoming milestones, including the launch of new BioXP rewards and cross-chain developments. 

    The prevailing market conditions may count as potential hindrances to bullish advances.

    But with listings and other initiatives in place, buyers may target highs of $0.43, above which there’s the all-time peak of $0.92 reached in January 2025.

    Source link

  • Bittensor price surges 12% as TAO defies market slump

    Bittensor price surges 12% as TAO defies market slump

    Bittensor TAO Token

    • Bittensor price continued higher despite the overall crypto market dump.
    • TAO was up by more than 12% amid catalysts such as Grayscale’s Bittensor Trust news.
    • Bulls could target $715 and then the psychological $1,000 mark.

    Bittensor (TAO) has surged by more than 12% in the past 24 hours to rank among the top market performers today, with TAO trading to highs of $475 as it bucks the trend across most altcoins.

    While the uptick came alongside a bounce for decentralized AI protocols, what else helped the Bittensor price up?

    Why is Bittensor price up today?

    TAO’s impressive gains align closely with the recent launch of a liquid staked TAO token, which enhances staking efficiency and liquidity within the Bittensor ecosystem.

    Liquid staking allows users to earn rewards on their TAO holdings without locking assets, enabling participation in DeFi activities like lending or yield farming.

    Platforms such as Tensorplex have facilitated this by bridging TAO to Ethereum and Base networks, issuing stTAO tokens that represent staked positions.

    On October 13, 2025, the Tao. App announced the launch of Virtual TAO (VTAO), a new omnichain liquid staked TAO token powered by LayerZero.

    Users can bridge vTAO from Bittensor to any Ethereum Virtual Machine-compatible chain.

    The token is available across Base, Ethereum and Arbitrum and will soon go live on Solana.

    Also catalysing TAO price gains is the momentum that followed Grayscale’s Bittensor-related news.

    The company filed a Form 10 registration statement with the US Securities and Exchange Commission (SEC) for a Grayscale Bittensor Trust ($TAO) on October 12.

    This filing marks the initial step toward converting the trust into a full SEC Reporting Company under Section 12(g) of the Securities Exchange Act of 1934.

    TAO’s price has surged amid forecasts that the move could fast-track the potential launch of a Bittensor exchange-traded fund.

    TAO price forecast

    Despite the dip to lows of $224 on October 11 amid a crypto bloodbath, Bittensor’s price has received a boost with the above tailwinds.

    After bouncing to highs of $475, TAO’s technical outlook points to potential upside continuation.

    Key indicators on the daily chart, such as the Relative Strength Index (RSI) and Moving Average Convergence Divergence (MACD), give bulls an upper hand.

    Bittensor TAO chart
    TAO price chart by TradingView

    While the daily RSI has climbed to 71, entering overbought territory, it’s not overextended.

    This signals likely buying momentum and investor conviction, and TAO could climb further before pullback amid profit-taking.

    Also, the Moving Average Convergence Divergence (MACD) recently executed a bullish crossover.

    The histogram has expanded and signals more gains.

    Short-term projections for TAO include a surge to a new year-to-date high above $500, with bulls likely to eye December 2024 peak above $715.

    The $1,000 level is a major target for buyers.

    However, risks such as broader market corrections could allow bears to test levels below the $300–$360 support zone.

    $225 and then $180 are key levels.

    Source link

  • Bitcoin surges as US government shutdown ignites the market

    Bitcoin surges as US government shutdown ignites the market

    Bitcoin surges as US government shutdown ignites the market

    • Bitcoin has surged to its highest level in over two months, above $119,000.
    • The rally is a direct reaction to the US government shutting down operations.
    • The shutdown is expected to create a “positive liquidity impulse” for markets.

    The political paralysis in Washington has become the crypto market’s rocket fuel.

    Bitcoin has surged to its highest level in over two months, blasting past the $119,000 mark as the US government officially shut down its operations, a dramatic development that traders are betting will ultimately unleash a wave of new liquidity into the financial system.

    The leading cryptocurrency has jumped nearly 4 percent in the past 24 hours, with prices briefly touching $119,455 for the first time since mid-August.

    The rally was broad-based, with other major tokens like Ether, XRP, and Solana all rising between 4 and 7 percent.

    This is the market’s clear and unambiguous verdict on the chaos gripping the US capital.

    A bet on a blind Fed, a wager on new money

    The logic behind the rally is a bet on the second-order effects of the shutdown. With the government’s lights now off, the release of key economic data—most notably Friday’s all-important nonfarm payrolls report—will likely be delayed.

    This data blackout will effectively blind the Federal Reserve, making it far more likely to proceed with its planned interest rate cuts.

    “If ADP is a leading signal and the BLS print is delayed, the Fed is likely to deliver a 25 bp cut in October and pair it with guidance that keeps a second cut on the table by December,” said Matt Mena, a Crypto Research Strategist at 21Shares.

    This is the “positive liquidity impulse” that has the market so excited: an expansion of liquidity that makes it easier and cheaper to borrow money, a dynamic that encourages economic growth and, crucially, risk-taking in financial markets.

    For some, this shutdown surge is more than just a temporary trade; it is a sign of a fundamental shift in the market’s DNA.

    “The message is clear: with traditional data releases in flux and macro uncertainty running high, Bitcoin remains one of the few assets that thrives when the old playbook breaks down,” Mena noted.

    “Investors should be watching this moment closely – it could mark the next explosive leg higher in crypto markets.”

    The volatility trade: ‘options look cheap’

    This expectation of an “explosive” move is now being actively priced into the derivatives market.

    According to Greg Magadini, the Director of Derivatives at Amberdata, the long dry spell of low volatility may be about to end, and options are currently looking cheap.

    “After a long ‘dry spell’ for BTC volatility, the US government shutdown could finally be the catalyst to make BTC move a lot,” Magadini told CoinDesk.

    This, coupled with the steep contango in implied volatility term structure, makes options look cheap.

    That “steep contango” means the market is expecting future volatility to be significantly higher than it is today, making near-term options a relative bargain.

    Magadini highlighted the “long straddle”—a strategy that profits from a big price move in either direction—as a preferred way to play the impending volatility boom.

    “These catalysts could either cause BTC to rally (as a dollar hedge) or crash (if risk assets panic),” he said, explaining why a bet on pure volatility, rather than direction, is so appealing at this uncertain juncture. The quiet days, it seems, are over.

    Source link

  • Bitcoin surges to $112K as Strategy adds 196 BTC, analysts eye $120K potential

    Bitcoin surges to $112K as Strategy adds 196 BTC, analysts eye $120K potential

    Bitcoin BTC

    • Bitcoin hits $112k, fueled by institutional buying.
    • Strategy added 196 BTC, increasing its holdings to 640,031 BTC.
    • Analysts see potential for $120,000 but warn of volatility risks.

    Bitcoin (BTC) has surged to $112k, fueled by renewed institutional interest and a significant acquisition by Strategy, the world’s largest corporate Bitcoin holder.

    Strategy acquires 196 BTC, holdings hit 640,031

    Strategy, formerly MicroStrategy, has announced the acquisition of 196 Bitcoin for an undisclosed amount, bringing its total holdings to 640,031 BTC, according to a Form 8-K filing.

    The purchase, funded through the company’s ATM offering programs, outlines Strategy’s position as the leading corporate Bitcoin treasury, with holdings valued at approximately $71.7 billion based on current market prices.

    The acquisition follows a pattern of consistent buying, with Strategy adding 850 BTC on September 22, 2025, and 525 BTC on September 15, 2025, at an average price of $114,562 per BTC.

    Michael Saylor, the Executive Chairman, has a strategy of leveraging equity and debt financing to accumulate BTC which has solidified the company’s role as a Bitcoin-backed treasury model.

    This latest purchase concurs with Bitcoin’s price climbing to $112,500, reflecting a 2.9% increase from $109,525.50 three days prior.

    Analysts on BTC price outlook

    Analysts are cautiously optimistic about Bitcoin’s price trajectory following its climb to $112,000.

    The surge aligns with the Strategy’s aggressive accumulation and broader market momentum, but opinions vary on future movements.

    Analysts have projected BTC could reach $150k-$200k in 2025, and institutional adoption and macroeconomic factors are seen as key tailwinds. However, some say volatility means bears may not be done yet.

    QCP analysts shared their outlook

    “After a volatile September, $BTC is still up more than 3% on the month. Options markets show conviction slowly returning, but the 115k level remains the hurdle to clear for a renewed uptrend.”

    Bitcoin at ‘Buy’ for dip level?

    According to QCP analysts, the crypto market is showing “signs of recovery” following the carnage seen the previous week. The shakeout that saw BTC trade to under $109k may nonetheless offer a buy-the-dip opportunity.

    “Despite sizable ETF outflows, particularly on Friday, spot managed to hold sideways through the weekend. This points to quarter-end basis unwinds as a key driver of redemptions, with markets absorbing the selling pressure more smoothly than expected,” QCP wrote. “With spot rebounding, this week’s ETF flows could set the tone for institutional demand heading into a seasonally bullish month.”

    Strategy’s consistent buying is seen as a bullish signal, with potential U.S. policies on digital assets influencing long-term price stability.

    If bulls rally, Bitcoin’s ability to break past $117k will be crucial. The level marks a sizable supply wall area and will b pivotal for a breakout above $118k and retest of the $120k mark.



    Source link

  • NEAR price surges 9% as AI developments boost ecosystem

    NEAR price surges 9% as AI developments boost ecosystem

    • NEAR surged more than 9% as bulls rode the latest artificial intelligence-related sentiment.
    • The Nvidia and OpenAI partnership and $100 billion investment are a huge boost to ecosystem confidence.
    • Short term, NEAR price could target a 200% rally to above $8.20

    NEAR Protocol price has jumped 9% in the past 24 hours as artificial intelligence-related developments buoy investor sentiment.

    As tokens such as AI Companions exploded, NEAR’s price climbed by more than 9% to highs of $3.15.

    The surge reflected a sharp bounce from its intraday lows, with heightened enthusiasm amid AI-centric optimism. Gains see NEAR price buck the trend that had the crypto market reeling from a $1.7 billion wipe out amid sharp losses.

    Near Protocol price bounces amid major AI news

    The NEAR Protocol token experienced a robust 9% surge on September 23, 2025, rebounding from recent volatility and trading at $3.15 by midday, according to data from major exchanges.

    NEAR’s price uptick follows a period of consolidation, with the token dipping below $2.90 earlier in the week amid broader crypto market pressure.

    Also notable is the spike in trading volume, which was up by more than 25% to $370 million as investor confidence in NEAR rose.

    At the heart of this momentum is NEAR’s strategic positioning as “the blockchain for AI,” a narrative reinforced by recent ecosystem advancements.

    Just days prior, on September 16, NEAR announced a pivotal integration with the Allora Network, enhancing its Shade Agent infrastructure with predictive AI capabilities.

    This collaboration introduces four AI engineering competitions focused on price prediction challenges across major blockchains, including NEAR, Solana, Bitcoin, and Ethereum.

    By enabling autonomous bots to interact seamlessly with multiple chains while preserving data privacy, Shade Agents exemplify NEAR’s vision of serving as the “execution layer for the AI economy.”

    These developments have propelled the combined market capitalization of AI-related tokens to over $34 billion.

    Developers and capital are reflowing into top AI-related projects and NEAR’s scalable, sharded architecture gives it an upper hand.

    Nvidia’s $100 billion bet on OpenAI

    Compounding this excitement is the seismic announcement from industry giants OpenAI and Nvidia on September 22, 2025, which has sent ripples through the AI and crypto sectors.

    Nvidia revealed plans to invest up to $100 billion in OpenAI to deploy at least 10 gigawatts of AI data centers powered by millions of its GPUs, marking what executives described as the “biggest AI infrastructure deployment in history.”

    The first gigawatt is slated for rollout in late 2026 using Nvidia’s Vera Rubin platform, with the partnership aiming to accelerate OpenAI’s pursuit of superintelligent systems.

    OpenAI CEO Sam Altman highlighted its role in scaling compute for agentic AI and multimodal applications.

    Notably, OpenAI and NVIDIA’s landmark collaboration not only boosted Nvidia’s stock by nearly 4%, adding $170 billion to its market cap, but also amplified the AI supercycle.

    NEAR, riding the sentiment, is up 9% in the past 24 hours and now stands over 16% in the past week.

    Near price forecast

    With AI momentum ticking even higher, analysts project a bullish trajectory for crypto tokens within the ecosystem. Projects like Worldcoin, Bittensor and Render are recording significant network growth, and among these stands NEAR Protocol.

    NEAR price chart by TradingView

    Past bullish flips have seen most tokens at the intersection of AI and blockchain technology bursting into life.

    In 2025 and beyond, Near Protocol claims to be one of the top platforms. Fueled by its AI integrations, developer adoption, and macroeconomic tailwinds like the Federal Reserve’s recent rate cut, price has hovered at key levels.

    Short-term, network growth metrics and technical strength are key. The daily chart above suggests NEAR could successfully retest resistance at $3.50 and target highs of $4.00 and then $8.20 for a 200% rally.

    On the downside, support is likely around $2.30 and $1.89.

    Source link

  • Immutable price: IMX surges 17% to outpace top altcoins

    Immutable price: IMX surges 17% to outpace top altcoins

    Image Of Immutable Token

    • Immutable price soared 17% as bulls jumped to $0.96 amid gains for altcoins.
    • The IMX token has swung bullish after Immutable’s 2.9 million IMX token rewards.
    • Growth on web3 gaming and regulatory clarity are potential catalysts for IMX price.

    Immutable (IMX) has surged 17% in the past 24 hours and more than 50% over the week as gains put IMX among the top performers on the day.

    Gaming partnerships, enhanced token rewards, and favorable regulatory developments have all helped IMX price in recent weeks, and the token currently outpaces top altcoins.

    Altcoin rally and Immutable’s 17% price gain

    Immutable’s explosive growth is promoted by a series of high-profile partnerships that have strengthened its position in the web3 gaming sector.

    A notable collaboration with South Korean gaming giant Netmarble, has expanded Immutable’s reach into mainstream gaming markets in addition to a recent integration with Chainers, a web3 MMO game, unveiled on September 16, 2025.

    These partnerships, alongside earlier collaborations with Ubisoft and GameStop, have driven on-chain activity.

    Notably, Messari’s Q1 2025 report noted a 5.7% quarter-on-quarter increase in daily transactions on the platform.

    The merger of Immutable with Immutable’s zkEVM chain, forming the “Immutable Chain,” has further optimized scalability, attracting developers and players alike.

    These developments have cemented Immutable’s reputation as a leading platform for NFT-based gaming, contributing significantly to IMX’s recent price surge.

    The IMX token has shown resilience, rising to a rank of 90th among top cryptocurrencies after previously falling out of the top 100 earlier this year.

    This uptrend provides a notable contrast to the broader crypto gaming sector, which has faced significant headwinds.

    Numerous projects in the space have reportedly ceased operations due to funding challenges and unsustainable economic models.

    IMX price gains amid rewards

    Immutable’s mobilization is also driven by enhanced token rewards and positive regulatory shifts, with recently increased weekly IMX token rewards to approximately 2.9 million, boosting liquidity and incentivizing user participation.

    A partnership with Seychelles-based MEXC exchange enables seamless token transfers to Immutable’s zkEVM chain, enhancing accessibility for investors.

    Immutable co-founder Robbie Ferguson highlighted some of the milestones for IMX over the past year. He shared this via X.

    Catalysts for IMX price?

    Developments in regulatory front also helped IMX’s surge.

    In March, the US Securities and Exchange Commission (SEC) concluded its probe into Immutable.

    The move signaled a more favorable stance toward blockchain gaming.

    Additionally, the SEC’s approval of generic listing standards for commodity-based trust shares has improved sentiment for altcoin ETFs, indirectly benefiting IMX.

    Immutable price chart by CoinMarketCap

    The token could break above the psychological level of $1 in coming weeks after it hit highs of $0.96, its highest mark since February.

    While Immutable’s rally aligns with strong fundamentals related to web3 gaming, and broader market optimism, traders may derail the momentum over the past month.

    Mainly, the corrections will be down to profit taking and a downturn for the market. In this case, $0.45 and $0.30 are key support zones.



    Source link