Is This the Next Cryptocurrency to Go Mainstream?
The outlook for the overall crypto market might be bleak right now, but there's one sector that's soaring in value. Yes, you might have guessed it, AI-related cryptocurrencies are having a moment.
Just as equity investors are bidding up the prices of AI stocks, crypto investors are bidding up the prices of AI cryptos. The one that just went absolutely ballistic is NEAR Protocol (CRYPTO: NEAR). It shot up 115% in May, and is now the AI crypto with the highest market cap, valued at $2.7 billion.
A pivot to AI has fueled NEAR's ascent. As digital asset investment firm Grayscale recently pointed out in a research report, NEAR is attempting to position its core blockchain technology as important infrastructure for the AI agent economy.
Source Fool.com
