Near Protocol ($NEAR) extends its rebound above $2.50 on Monday, as crypto prices broadly stabilize amid optimism of a potential US-Iran peace agreement. The Artificial Intelligence (AI) token has surged nearly 100% in May, supported by projections that the AI market is poised to continue growing over the coming years.

Here are three factors supporting the case for further upside in $NEAR.

1. AI narrative boosts $NEAR‘s rally

The AI narrative fueling tokens such as $NEAR and GRASS hinges on the convergence of artificial intelligence, especially autonomous agents and decentralized blockchain infrastructure. More recently, Nvidia’s earnings and revenue projections marked a major boost for the AI crypto sector, prompting capital…