NEAR Protocol Climbs 28% on Privacy, AI, and Scaling Upgrades
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NEAR Protocol’s token surged 28% to lead altcoin gains over the past 24 hours, extending its weekly rally to under 45% as the team rolled out a cluster of privacy, AI, and scalability announcements between May 20 and May 22.
Key facts
NEAR Protocol’s token surged 28% to lead altcoin gains over the past 24 hours, extending its weekly rally to under 45% as the team rolled out a cluster of privacy, AI, and scalability announcements
The token's jump outpaces gains from Worldcoin's 12% and Venice Token's 8% over the same period, according to CoinGecko data
NEAR's official account noted that $68 million moved confidentially out of near.com over the past month
On Wednesday, Trezu launched Confidential Treasuries, a product offering private on-chain multisig, payroll, balance management, and cross-chain payments across more than 35 chains
Summary
NEAR rose 28% in 24 hours and almost 45% over the past week, leading altcoin gains. The rally follows three protocol upgrades: confidential treasuries, AI prompt privacy, and automatic network scaling. Myriad users see a 12% chance of an “altseason” by July, with fearful sentiment persisting despite recent altcoin surges. The token's jump outpaces gains from Worldcoin's 12% and Venice Token's 8% over the same period, according to CoinGecko data.