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Aethir Ethereum launch sends ATH token soaring 100%, details here

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Aethir, a decentralized physical infrastructure network (DePIN) provider, launched its decentralized cloud computing network on the...

Aethir’s launch on the Ethereum mainnet will allow for quick access to resources needed to train AI models and develop digital content.The protocol allows users to rent high-performance computing resources needed for training artificial intelligence and rendering digital content.

This mainnet launch comes seven months after its testnet launch on 7th November 2023 on Arbitrum, a layer-2 scaling solution for Ethereum. When an asset’s price declines while its trading volume surges within the same period, it signals a spike in selling pressure. This means that most token holders are looking to sell their positions, hence the downtrend in the asset’s value.

 

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