Update
NEAR Jumps Double Digits with AI-Driven Staking Boost
NEAR, a cryptocurrency, saw a significant price rally, increasing by over 11% in a single day. This was driven by the announcement of over 1 million NEAR tokens being staked through NEAR AI. The AI service allows users to earn staking rewards while converting them into AI computing credits, providing another use for staking income. NEAR AI also reported strong growth in NEAR Intents activity, with monthly volume increasing from $2.40 billion in July to $4.80 billion in September. The broader crypto market also supported NEAR's gains. A governance proposal to reduce token issuance from 2.5% to 1.6% over two years is also being considered by the community. However, technical traders are watching the $5.50 level, which has been challenged several times in the past month.