- Near Protocol price jumped by over 15%, continuing its recent surge.
- The token has formed a golden cross pattern on the daily chart.
- It may keep rising ahead of the upcoming Anthropic and OpenAI IPOs.
Near Protocol price surged by over 15% on Tuesday as the case for artificial intelligence (AI) tokens intensified following the launch of Anthropic’s initial public offering (IPO) filing. The token jumped to $2.60, up modestly from this week’s low of $2.2180.
Near Protocol Price Boosted by OpenAI and Anthropic IPOs
The Near Protocol token price surged after Anthropic became the latest mega company to file its initial public offering (IPO) documents. It joined OpenAI, the creator of ChatGPT, which launched its filings a few weeks ago.
The two IPOs will follow SpaceX’s IPO, which will value the company at over $2 trillion. This will be the biggest IPO in the world, with the company expected to raise over $30 billion. While SpaceX is known for its satellites, it is also a large player in the AI industry as the parent company of xAI.
OpenAI was recently valued at over $850 billion, while Anthropic, the creator of Claude, was valued at over $900 billion, making it the fastest company to reach such a valuation. As such, the combined three companies will likely attract over $4 trillion in valuation.
These IPOs will likely attract more investors to AI coins, and NEAR Protocol is one of the biggest players in the industry. NEAR has established itself as one of the fastest-growing layer-1 networks.
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It has also launched several AI-focused products. For example, its Near AI service offers numerous AI agents. Its goal is that its AI agents will run workloads for enterprises, government agencies, and AI applications.
It also helps developers deploy private models in minutes, not days. Its key products include an AI marketplace for industries like finance, legal, and security. Also, it has IronClaw and the Near AI Cloud.
Near Crypto Price Technical Analysis
The daily chart shows that the NEAR crypto price has soared in the past few months. It has jumped from a low of $0.8470 on February 6 to the current $2.63, a 210% surge.
The coin recently formed a golden cross pattern, which occurs when the 50-day and 200-day Exponential Moving Averages (EMAs) cross. This cross is one of the most common bullish continuation signs in technical analysis.
The most likely scenario is that the coin continues to rise, potentially to the year-to-date high of $3. A move above that level will point to more gains, potentially to the key resistance level at $3.3545, its highest point on September 19.
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