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BITDailyChart# | As AI Mania Bypasses Crypto, NEAR-USDT Emerges as a Correlated Proxy
Some crypto traders are frustrated that digital assets have lagged the AI trade's bullish momentum, which has instead concentrated in DRAM names, energy plays, and broad-based vehicles like Korea's EWY ETF.
Yet select crypto tokens haven't been left out entirely. NEAR-USDT has shown a high correlation to the AI trade, both on the way up and the way down.
Near Protocol markets itself heavily as an "AI + blockchain" play built around AI agents and data infrastructure, so its price often tracks AI-narrative sentiment rather than its own protocol fundamentals.
As crypto keeps merging with TradFi, traders have growing options to express dominant macro themes.
Disclaimer: This content is provided by a contracted analyst for informational purposes only and does not constitute investment advice. Investing involves risk. #
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