Why NEAR Is This Trader's Top Bet
Speakers
Joy Pathak
— Wizard of Soho (crypto analyst)
Summary
Joy Patak, CIO of 100x Capital, presents NEAR Protocol as his highest conviction trade, targeting entry near $1.8-$1.9 and exit at $3-$3.5 with moderate leverage. He argues NEAR uniquely combines AI exposure and privacy features, generating real revenue. Risks discussed include AI complex volatility and regulatory threats to privacy.
- Joy Patak names NEAR Protocol as his top trade this week.
- Entry target: $1.8-$1.9; exit target: $3-$3.5 with 2.5-3x leverage.
- Thesis: NEAR sits at the convergence of AI and decentralized privacy.
- NEAR generates revenue unlike most crypto projects, according to Patak.
- The Zcash exploit temporarily pressured privacy tokens, benefiting NEAR.
- Risks include a broader AI sector correction and government surveillance.
- The segment is sponsored by Kraken Pro.
Ideas
NEAR poised as AI and privacy bet
NEAR Protocol is the top conviction trade this week. It sits at the intersection of AI and privacy, generating revenue unlike most crypto projects. The Zcash exploit temporarily hit the privacy meta, but NEAR is a larger protocol and will benefit from inflows from Zcash bulls. Entry around $1.8-$1.9, exit $3-$3.5, with 2.5-3x leverage. Risks include a correction in the broader AI complex and potential government surveillance undermining the privacy thesis.
Up Next
This CoinDesk video, published June 08, 2026, features Joy Pathak discussing NEAR. 1 trade idea extracted by AI with direction and confidence scoring.
Speakers: Joy Pathak · Tickers: NEAR