ATH (Aethir) rose 6.14% in the last 24 hours.

Gate News Bot news, September 10, according to CoinMarketCap data, as of the time of writing, ATH (Aethir) is currently priced at 0.05 USD, with a rise of 6.14% in the last 24 hours, reaching a high of 0.05 USD and a low of 0.03 USD. The current market capitalization is approximately 518 million USD, an increase of 30 million USD compared to yesterday.

Aethir is a distributed cloud computing infrastructure that provides on-demand services for enterprise-level GPUs. The platform is designed to offer secure and efficient GPU computing resources for AI and gaming innovators. Aethir has computing capabilities valued at over $400 million, supports multiple countries, and maintains uptime of up to 99%. Its Earth service focuses on AI model training and inference, while the Atmosphere service is dedicated to providing low-latency cloud gaming experiences. Aethir has also established a $100 million ecosystem fund to support innovators in the AI and gaming sectors.

Important news about ATH recently:

1️⃣ Q3 performance expectations exceed expectations The Aethir platform performed strongly in the third quarter, with expected network revenue exceeding $39 million, a 20% rise compared to the second quarter. The average monthly revenue for July and August has reached a historic high of approximately $13 million, indicating a rapid growth trend in the platform's business. This significant improvement in financial performance is expected to boost investor confidence and drive the value of the ATH token up.

2️⃣ Compute resource usage hits a new high The Aethir platform has surpassed the milestone of 1 billion computing hours, with a total of 1.15 billion hours recorded. This figure reflects the high usage rate of the platform and the continuous rise in market demand, while also highlighting Aethir's leading position in the distributed cloud computing market. As the usage of computing resources increases, the practical application scenarios and value of the ATH token will also rise.

3️⃣ The market response is positive The price of ATH token has seen a significant rise in the short term, with a 24-hour increase of more than 38% at one point. This price trend reflects a positive assessment of the Aethir project's prospects in the market, especially regarding its business growth and technological advancements. However, investors should also be aware that such a rapid price rise may bring about short-term correction risks.

From a technical perspective, ATH has recently broken through significant resistance levels, demonstrating strong upward momentum. However, considering the substantial rise in the short term, investors should be cautious of potential price corrections. From a fundamental standpoint, Aethir's business growth and increased platform usage provide solid value support for the ATH token.

This message does not constitute investment advice, and investors should be aware of market volatility risks.