Matt Hougan, Chief Investment Officer at Bitwise, says NEAR’s investment case rests on its growing blockchain business, with AI ambitions offering additional upside. NEAR Intents has reached 30 billion dollars in cumulative trading volume and is on track to generate roughly 45 million dollars in fees this year, partially supporting token buybacks. The NEAR token rose 198% in the third quarter, outperforming bitcoin at +43% and Ethereum at +71%. Hougan argues that existing demand strengthens NEAR’s investment case even if adoption by AI agents develops slowly.
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