Aethir (ATH) Price Soars 90% This Week, Bulls Eye $0.065 Target

ATH (ATH) continued to rally this week, up 14% to $0.056 on Friday after gaining over 90% earlier in the week...

Quick overview

  • ATH rallied 14% this week, reaching $0.056 after a 90% gain earlier.
  • The demand for decentralized compute resources has increased, with ATH delivering over 340 million compute hours in Q3, a 17.5% increase from Q2.
  • ATH's market cap is now above $683.9 million, with monthly revenues of approximately $13 million.
  • Technical indicators suggest a potential price target of $0.065, with support at $0.040.

ATH (ATH) continued to rally this week, up 14% to $0.056 on Friday after gaining over 90% earlier in the week. Demand for decentralized compute resources, often called the “oil of the AI era” is on the rise. ATH’s Decentralized Physical Infrastructure Network (DePIN) delivered over 340 million compute hours in Q3, a 17.5% increase from Q2, with weekly averages exceeding 28 million hours. Since inception, ATH has delivered over 1.16 billion total compute hours.

This demand has pushed ATH’s market cap above $683.9 million according to CoinGecko. Revenue is also accelerating, with monthly earnings of $13 million in July and August as compute infrastructure adoption grows.

Strategic Partnerships Expand Ecosystem

ATH has recently added to its ecosystem through high profile partnerships:

  • Partnership: Joined the AI Unbundled Alliance to support decentralized AI adoption.
  • Everlyn Integration: Enables advanced video AI model deployment.
  • Collaboration: Provides global enterprise-grade GPU access at scale and cost.

These partnerships not only validate ATH’s infrastructure but also adds to its network of enterprise and developer users, fueling future growth.

Technical Outlook: $0.065 in Sight

Technicals look good. ATH broke above the December highs and the $0.028-$0.037 consolidation range on Monday and surged 50% in one day. Daily RSI is 82, overbought but still bullish. MACD is bullish with rising histogram bars.

Aethir (ATH) Price Chart - Source: Tradingview
Aethir (ATH) Price Chart – Source: Tradingview

If momentum holds, ATH may test $0.065. If not, support at $0.040. Watch compute demand and partnership news for further price action.

Bullet Point Highlights:

  • ATH Q3 compute hours: 340M (+17.5% QoQ)
  • Market cap: $683.9M
  • Monthly revenue: ~$13M
  • Bulls targeting $0.065; support at $0.040
ABOUT THE AUTHOR See More
Arslan Butt
Lead Markets Analyst – Multi-Asset (FX, Commodities, Crypto)
Arslan Butt serves as the Lead Commodities and Indices Analyst, bringing a wealth of expertise to the field. With an MBA in Behavioral Finance and active progress towards a Ph.D., Arslan possesses a deep understanding of market dynamics. His professional journey includes a significant role as a senior analyst at a leading brokerage firm, complementing his extensive experience as a market analyst and day trader. Adept in educating others, Arslan has a commendable track record as an instructor and public speaker. His incisive analyses, particularly within the realms of cryptocurrency and forex markets, are showcased across esteemed financial publications such as ForexCrunch, InsideBitcoins, and EconomyWatch, solidifying his reputation in the financial community.

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