NEAR Protocol has launched its v67 release, introducing the “yield” and “resume” operations inside smart contracts, as noted by Co-founder Illia Polosukhin in an X post. Significantly, this launch enhances the platform’s asynchronous virtual machine (VM) capabilities.
Moreover, this innovation is expected to facilitate chain signatures and AI inference requests, making NEAR more versatile and efficient. In addition to these advancements, the NEAR Foundation has committed to establishing NEAR as the premier platform for User-Owned AI, prioritizing user privacy and sovereignty.
Illia Polosukhin highlighted the foundation’s dedication to supporting NEAR-based AI infrastructure projects. These include computing and inference, data curation, rewarding creators, crowdsourcing, and synthetic data marketplaces.
The foundation’s goal is to provide a robust infrastructure for any AI application, promoting NEAR as a leading player in the Web3 space. They have also established the NEAR AI R&D lab, led by Alex Skidanov and Polosukhin, focusing on building an AI developer tool to enable the creation of end-to-end Web3 applications without coding.
Furthermore, Near Protocol’s technical indicators show a positive outlook for its native crypto, NEAR. The current price stands at $8.17, a 2.61% and 0.46% rise on the last day and past week, respectively. Analyzing the daily price chart on TradingView reveals a consistent uptrend from early February to mid-March, followed by a consolidation phase between $6 and $8 from April onwards, with recent signs of an upward movement.
Spikes in trading volume were observed in mid-March, indicating heightened trading activity and interest. The current volume of $694 million is lower than peak trading days but remains substantial. The RSI is at 59.67, suggesting the asset is nearing overbought territory. The MACD values also indicate a bullish trend, with the MACD line crossing above the signal line and a positive histogram.
The technical indicators for NEAR suggest an optimistic but cautious outlook. The RSI and MACD both signal bullish momentum as the price nears critical levels.
