NEAR and Scotty AI Lead Pack
AI-related cryptocurrencies have seen huge gains in recent days as anticipation for the sector rises ahead of NVIDIA’s major conference on March 18.
What makes it even more interesting is that the founder of NEAR blockchain, a top 20 cryptocurrency by market capitalization, will be one of the notable speakers at the Nvidia conference.
NEAR Protocol and AI
The NEAR Protocol is a highly scalable blockchain platform originally designed as a marketplace for AI computational power.
This could help alleviate semiconductor chip shortages by connecting buyers (such as AI companies) with computer networks with excessive computational power.
Taking into account the Nvidia conference, the NEAR protocol saw a huge price increase of just $1 in October 2023.
In 2024, NEAR fell from a high of $4 to $2.65 before suddenly seeing an uptick as the token hit $7 today.
This new AI story, combined with the hyper-scalability of the NEAR protocol, makes it a major contender for bridging the cryptocurrency and artificial intelligence industries.
Other trending AI projects
Along with the positive sentiment around the current AI story, Elon Musk’s xAI announcement to open source GROK GPT also sparked a rally in the cryptocurrency XAI.
The token started at $1.40 that day and went to $1.57 in just four hours, according to the announcement.
The current price has stabilized around $1.52.
Render Token ($RNDR) is another AI-centric cryptocurrency that has seen major price movements due to the current story.
Just a month ago, the price of $RNDR was less than $5. Since then, the price has peaked, reaching almost $13 today.
This represents an explosive price increase of 125% in just one month and over 60% in the last 7 days.
Scotty the AI is one of the new cryptocurrency projects at the intersection of artificial intelligence applied to blockchain systems.
This new protocol implements GPT, an AI chatbot in a blockchain-based system expertly trained in Web3, cryptocurrencies and on-chain analytics.
The project also introduces the Scotty Swap DEX, a decentralized exchange aggregation tool that leverages AI to find the cheapest and most efficient path for decentralized token swaps.
Most recently, AI Scotty had a pre-sale that sold out quickly. However, the platform is offering a final sales round that lasts for 7 days.
This may be the last opportunity for buyers to acquire $SCOTTY tokens at an early discount price and leverage AI narratives.
For more information about the project, visit the official pre-sale site or check out Scotty the AI’s whitepaper.
