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Some of the altcoins are up more than 5% on Monday. Could this latest surge turn into something else, or will it be short-lived with the downtrend to continue?
The crypto market is marginally down, with price action remaining mixed. Bitcoin (BTC) has slipped below $98,000 over the past 24 hours.
Nanyang Technological University's Speech Lab adopts Theta EdgeCloud for advanced AI speech processing research, marking a significant expansion of Theta Labs' academic partnerships and technological reach.
Theta Labs, a decentralized cloud infrastructure platform for artificial intelligence, media, and entertainment, has added Nanyang Technological University to its list of major integrations for the EdgeCloud product.
The crypto market capitalization pushed above $3.50 trillion on Thursday after rising 2.29%, an increase of over $150 billion in 24 hours. Bitcoin (BTC) continued its upward trajectory, briefly reaching $102,000 before a marginal drop to its current level of $101,482.
THETA's price action will be based on a few key factors working out.
Theta has established itself as a promising platform aimed at transforming the video content delivery model. This innovative approach not only enhances streaming efficiency but also reduces dependency on centralized systems, making it a key player in the blockchain-powered media sector.
With Bitcoin ($BTC) potentially bringing its latest reversal to an end, the altcoins are primed to run. Solana ($SOL), Binance Coin ($BNB), and Theta Network ($THETA) are three likely candidates for breakouts.
Bitcoin (BTC) slumped below $100,000 after Federal Reserve Chairman Jerome Powell said the central bank is not allowed to own Bitcoin and is not looking for a law change.
Theta Labs head of strategy Wes Levitt says the decentralized cloud is more cost-effective and offers greater flexibility and reliability for AI solutions.
Theta Network, a decentralized cloud for artificial intelligence and blockchain, has teamed up with FlyQuest to launch a customized AI esports chatbot.
Theta Network's THETA token has surged 158.86% over the past month to reach $2.8, accompanied by record-high futures open interest of $111.9 million and a 442% increase in trading volume.
Theta Network (THETA) has been riding a strong upward momentum, with a significant 158.86% surge in the past month. The token recently hit an 8-month high of $3.1, after starting the month at just $1.25.
Theta Network has experienced a strong upward momentum over the past month, hiking by 158.86%.
Altcoins record impressive gains as all eyes shift to the anticipated “alt season” amid declining Bitcoin dominance. Meanwhile, the artificial intelligence sector appears early to the party. While BTC consolidated around $96K in the past few days, Theta Network's (THETA) price climbed to 12-month peaks.
Theta Network's latest rally comes on the back of derivatives traders as its open interest hit a new all-time high.
THETA jumps to $2.88 with a 25% surge in the last 24 hours!
The crypto economy is hovering around $3.41 trillion on Saturday, with core dao (CORE) stealing the spotlight by jumping 31.92% against the U.S. dollar. CRV, ENS, and THETA followed suit, climbing between 28% to 31%. Meanwhile, act 1: the ai prophecy (ACT) took a 13.39% dip, while peanut the squirrel (PNUT) slid 5.
Theta Network (THETA) price soared to a 12-month high of $3.08 in the last 24 hours after establishing support at an intraday low of $2.28. This rally drove THETA's market capitalization up by 25% to $3.10 billion, while its 24-hour trading volume spiked by 351% to $548.37 million.
The upcoming year is expected to be highly volatile for AI coins as the new administration implements policies to tackle economic challenges.
Bittensor and Theta have also recorded double-digit gains in the past 24 hours, hitting levels that bulls could strengthen at to add to the upside momentum. Meanwhile, the global crypto market cap has jumped 2% to $3.37 trillion, benefitting from Bitcoin's spike above $97,000.
Bitcoin (BTC) recovered from a low of $91,400 late on Wednesday to climb back above $95,000. However, the cryptocurrency faces considerable downward pressure after failing to climb above $100,000.
Bitcoin (BTC) surged to a new all-time high early today as it rose to $97,000 before losing momentum and registering a marginal decline to fall to its current level. The world's largest cryptocurrency is up almost 3% over the past few hours as it maintains its rally despite facing recent selling pressure, with analysts expecting a move past $95,000 is imminent and could happen within a couple of sessions.
Latest updates on CRO, THETA, and JASMY coins.
