Fed Boosts Crypto Buzz: Near Protocol Soars, ASI Alliance Democratizes AI, MinePro Revolutionizes Bitcoin Mining

September 7, 2024
Fed Boosts Crypto Buzz: Near Protocol Soars, ASI Alliance Democratizes AI, MinePro Revolutionizes Bitcoin Mining
  • The recent announcement from the Federal Reserve has ignited renewed interest in cryptocurrencies, particularly highlighting innovative projects such as the ASI Alliance and Near Protocol.

  • Near Protocol has established itself as a prominent Layer-1 blockchain, boasting around 2,500 active developers and over $190 million in total value locked since its inception in 2020.

  • The Nightshade 2.0 upgrade has significantly enhanced Near Protocol's performance, improving transaction speeds by 400% and reducing costs for developers, which indicates strong growth potential for the $NEAR token.

  • Currently, the $NEAR cryptocurrency ranks as the 20th largest by market capitalization, having shown notable price gains despite a recent 17% dip.

  • In May, Near Protocol experienced a remarkable surge in daily transactions, reaching nearly 6 million, while the number of wallets quadrupled to over 116 million in the past year.

  • The ASI Alliance, formed by Fetch.ai, SingularityNET, and Ocean Protocol, aims to democratize AI technology, ensuring it is accessible and ethically utilized for all.

  • The alliance is focused on developing Artificial General Intelligence (AGI) that surpasses human cognitive abilities, with the ultimate goal of achieving Artificial Superintelligence (ASI).

  • Fetch.ai is dedicated to creating autonomous agents for complex tasks, while SingularityNET focuses on decentralized AGI, and Ocean Protocol ensures secure data exchange.

  • MinePro is revolutionizing Bitcoin mining by offering a tokenized experience, allowing investors to stake $MINE tokens for Bitcoin returns, thus making mining more accessible.

  • By leveraging tokenization, MinePro aims to simplify Bitcoin mining and make it sustainable for average investors.

  • The presale of $MINE tokens raised an impressive $700,000 in just one day, reflecting strong investor interest even in a declining market.

  • As Bitcoin continues to dominate the market, MinePro is well-positioned to benefit from the increasing interest in Bitcoin and its associated ETFs.

Summary based on 1 source


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