Overview

Click to expand overview
While the Fed-triggered market rebound contributed to bullish actions in the AI crypto sector, the latest collaboration between Nvidia and Alibaba Cloud (on 21 September) added to the optimism. Following news of a Alibaba collaboration that has sparked a positive market response, $NEAR token’s has seen growth of 8.94% in the last 24 hours. In a bid to drive the The move has triggered an over 9% surge in the price of NEAR tokens. The NEAR Foundation, a non-profit organization that supports the growth of the NEAR protocol NEAR Protocol’s token surged to a three-week high of $1.60, according to CryptoSlate’s data, following the announcement of its Foundation partnership with Alibaba Cloud. Over the past The NEAR token rose to a 3-week high of $1.61, which hasn’t been seen since early June. The increase in NEAR’s price followed news of a partnership between the NEAR Foundation and NEAR price tapped double-digit gains on Monday after news of a partnership with Alibaba. The NEAR token rose to highs of $1.61, a 3-week high going back to early June. The NEAR Foundation, a non-profit organization driving the development of the NEAR protocol ecosystem, has teamed up with Alibaba Cloud, the computing and storage The NEAR Foundation, a non-profit organization responsible for overseeing the decentralized platform NEAR Protocol, has joined forces with Alibaba Cloud, a Chinese

NEAR Token Rallies Over 9% After Alibaba Cloud Partnership Announcement

The NEAR Protocol's token, $NEAR, has experienced a significant surge, rallying over 9% following the announcement of a groundbreaking partnership between the NEAR Foundation and Alibaba Cloud. This collaboration has sparked a positive market response, driving NEAR to a three-week high. CryptoSlate data reveals that NEAR token surged to $1.60, a price point not seen since early June, tapping double-digit gains on Monday after the news.

The NEAR Foundation, a non-profit organization dedicated to supporting the growth of the NEAR Protocol ecosystem, has joined forces with Alibaba Cloud, the computing and storage arm of the Chinese tech giant. The increase in NEAR’s price highlights the market's enthusiasm for this strategic alliance.

While the Fed-triggered market rebound and bullish sentiment in the AI crypto sector contributed to positive momentum, the latest collaboration between Nvidia and Alibaba Cloud (announced on 21 September) further fueled optimism. However, the NEAR Foundation's direct partnership with Alibaba Cloud appears to be a key catalyst for NEAR's recent price surge. In the last 24 hours, $NEAR has seen growth of 8.94%, reaching highs of $1.61.

This move has clearly resonated with investors, demonstrating the potential for NEAR Protocol to leverage Alibaba Cloud's extensive infrastructure and reach. Stay tuned for more updates on this developing partnership and its impact on the NEAR ecosystem.

Top Sources

Related Articles