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.
Theta Labs has announced a multi-year partnership with the University of Oregon's artificial intelligence research facility, Distopia Laboratory. The Theta Labs team revealed the collaboration in a blog post published on Oct.
The blockchain ecosystem rapidly evolves, offering new opportunities and solutions across multiple industries. Among the emerging platforms, Qubetics, Theta, and ArkenStone stand out for their innovative contributions to decentralized privacy, video streaming, and decentralized finance (DeFi).
The live price of Theta Network (THETA) stands at $1.305, reflecting a 4% increase over recent days. With the rising interest in decentralized streaming platforms, investors are keenly observing whether THETA can reach its predicted highs in the coming years.
Decentralized Physical Infrastructure Networks (DePin) are transforming the tech by enabling decentralized projects in real-world infrastructure.
With EdgeCloud for Mobile, users can now contribute their phone's GPU power to help Theta's decentralized network. In return, they can earn TFUEL tokens.
Theta Labs has launched EdgeCloud for Mobile, allowing users to contribute their smartphones' GPU power as nodes in its decentralized network and earn TFUEL tokens. According to a press release shared with crypto.
AI tokens have surged in popularity, signaling a strong shift in investor focus from memecoins to AI-driven projects.
Amid a crypto market downturn, TRX, THETA, and XTZ face price challenges, despite positive developments.
Story Highlights The live price of Theta Network is THETA price might hit a maximum of $2.40 in 2024. Theta coin price could hit $13.88 by 2030. Theta Network is an innovative platform that aims to work for the streaming sector. By providing technical and economic solutions for decentralized video streaming.
Some of the altcoins that performed well in the last crypto bull market are still languishing, at a stage that is probably more than halfway through the current bull market. $INJ, $THETA, and $FTM are three altcoins that need to start proving themselves, or face a torrid bear market.
Theta Labs has signed a multi-year agreement with Seoul Women's University to provide its AI research lab access to Theta EdgeCloud's decentralized GPU computing power. As stated in a press release shared with crypto.
TL;DR Nvidia Subpoenaed: The U.S. Department of Justice issued a subpoena to Nvidia on September 3, sparking market turmoil and significant losses in AI-related tokens. Market Impact: Nvidia's shares dropped by 8.3% this week, while AI tokens fell by an average of 7.1%, outpacing declines in major cryptocurrencies like Bitcoin and Ethereum.
The markets are heading towards the monthly close, which is expected to have a huge impact on the upcoming quarterly close. Historically, August has not attracted any major bullish action and hence the markets appear to be following the historical pattern.
The technology opens the door to new use cases such as smart grids, IoT applications, and cloud gaming.
Following the massive cross-border market correction on Monday, the cryptocurrency space has recorded a strong bullish recovery, indicating an increase in the buying pressure. Moreover, the market leader, Bitcoin price has reclaimed the $57K mark.
Story Highlights The live price of Theta Network is THETA price might hit a maximum of $7.09 by the end of 2024. Theta coin price with a potential surge could go as high as $48.55 by the end of 2030. Theta Network is an innovative platform that aims to work for the streaming sector.
With the cryptocurrency market adding approximately $150 Billion in valuation over the past 3 days, the price of Bitcoin has successfully reclaimed the $58,000 mark during the early Asian trading hours today. Moreover, with an increase in bullish sentiment among the top altcoins, the AI category has displayed a similar trend by adding 2.
TL;DR The convergence between artificial intelligence and blockchain technology has led to revolutionary projects in the technological and financial landscape. Projects like ASI, RNDR, VLX, NEAR, and TETHA bring enormous advantages to boost various sectors, whether economic, governmental, business, among others.
The crypto market continues to display a positive price action, indicating an increase in the buying-over-selling pressure in the crypto space. However, top altcoins record a mixed sentiment by experiencing significant fluctuations in their respective portfolios.
Theta Network is emerging as a revolutionary alternative to traditional platforms like Netflix and YouTube. But the critical question remains whether it can truly compete with these established giants.
Theta Network is the next-generation media, AI, and entertainment-focused blockchain. Theta Web3 infrastructure enables existing video and media platforms to generate revenues and reduce content delivery costs.
In the world of cryptocurrency investment, it is normal for change to change instantly, as the search for next major opportunity continues. Investors have recently be attracted to decentralized infrastructure projects grouped under Decentralized Physical Infrastructure Network (DePIN).
While the focus has mainly been on Bitcoin and Ethereum through the downtrend, other smaller altcoins such as Theta Network with much more potential have been flying under the radar. However, crypto investors are no longer ignoring these altcoins and have begun to call out the opportunities in these cryptocurrencies.
