DeFi’s rise in the digital asset space has seen a surge in the development of blockchain-based solutions, with new projects bringing diverse solutions. While each new platform claims to offer the best technology for various use cases, Near Protocol has been earmarked as a top layer one solution for AI crypto. Let’s explore why a top Defi expert picked the Near Protocol solution for AI crypto.
What Is Near Protocol?
Near Protocol is a decentralized platform striving for scalable dApps infrastructure based on a community-run public Proof of Stake (PoS) and operating through sharding technology. The open-source technology partitions data and transactions among multiple nodes, helping to improve scalability and reduce transaction costs. Its unique combination of sharding technology and low gas fees make it an ideal choice for the integration of artificial intelligence and machine learning into the blockchain. Its ability to execute smart contracts makes it deliver a user-friendly and developer-friendly interface with a simple onboarding process for new users. In addition, its unique features make it a promising solution for various use cases, including gaming, finance, and social media. The near protocol is powered by its native token, NEAR, to enable staking, payment of transaction fees, and storage of value.
Avorak AI: First-to-market AI Crypto Solution
AI crypto projects leverage the security and scalability of blockchains to deliver user-friendly solutions that ease human-led tasks. As regards handling and analyzing voluminous data, Avorak AI deploys Avorak Trade, a crypto trading solution that monitors markets 24/7 and instantly processes voluminous data without fatigue, breaks, or human error aspects. As a result, crypto price predictions and buy, sell, or hold decisions are precise.
Avorak AI, in its quest to develop and expand its AI offerings, is running an ICO, and its token, AVRK, is going at $0.180, having jumped 200%. There are benefits and bonuses due for the early adopters in addition to reduced token prices. At launch, the token would have shot up by 350% to $0.27 before listing by the Azbit exchange. Avorak AI’s top performance has attracted crypto enthusiasts on YouTube rolling out explanatory visuals.
In keeping up with the writing assistants, Avorak’s content generation tool aims to remedy the defects associated with the current AI text and image generation tools. Avorak Write eliminates repetitive and plagiarized content and introduces human-like output meeting user style requirements.
Will Near Protocol Reach $100?
Avorak AI’s algos considers the current NEAR price, its circulating supply, and the token’s all-time high, among other parameters, to analyze whether it can ever reach $100. It has a market cap of $1,6 B and a trading volume of $62M, but its market sentiment is neutral. The all-time high price of NEAR is $20.42, and based on the current price, NEAR will take several years and aggressive growth to attain the $100 mark. Whether the NEAR Protocol will reach $100 is uncertain and depends on various factors like network adoption, development progress, regulatory changes, and integrations. It’s paramount to thoroughly research and prudently invest.
Conclusion
Near protocol’s human-readable wallets, the sharding technology, and user-friendly features could integrate well with Avorak AI’s bundled portfolio of AI tools.
Read more on Avorak AI here:
Website: https://avorak.ai
Buy AVRK: https://invest.avorak.ai/register
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