The Decentralized Physical Infrastructure Network (DePin) Aethir Listed on 16 Exchanges
Aethir, the Decentralized Physical Infrastructure Network (DePin), hit a significant milestone today as its ATH token was listed on more than 16 centralized cryptocurrency exchanges. Notable exchanges that have listed the ATH token include OKX, Gate.io, and Bitfinex. However, popular exchanges like Binance, Coinbase, and Kraken have not yet added the ATH token to their platforms.
Crypto Analyst Predicts a Fully Diluted Valuation of $3 Billion for ATH Tokens
- Aethir utilizes decentralized technology to optimize cloud computing efficiency
- The ATH token serves various purposes within the Aethir ecosystem
- Hitesh Malviya shares insights on the token’s fully diluted valuation
Aethir leverages decentralized technology to improve the efficiency of cloud computing processes. The ATH token plays multiple roles within the Aethir ecosystem, serving as a medium of exchange for gas fees, facilitating governance, supporting staking, and maintaining the ecosystem’s sustainability. Crypto analyst Hitesh Malviya provided valuable perspectives on the token’s fully diluted valuation, comparing it to Akash Network’s AKT token.
“AKT is the best coin to compare with ATH, and project-wise Aethir already has more capital and GPU resources from day one. So, I really do believe the listing might be pretty high, at least around $3 billion FDV if not less, as Akash is trading at $1 billion FDV now. That would be around $0.07 per ATH,” Malviya said.
Despite the optimistic outlook, market fluctuations may occur as airdrop winners could opt to sell their tokens to realize profits. This scenario mirrors the recent listing of io.net’s IO tokens on Binance, which initially surged to $5.88 but subsequently experienced a 30% decline, currently trading around $4. In addition, some community members have expressed disappointment with the Aethir project. Aethir conducted a cloud drop in May, distributing 670,000 badges. However, some badge holders claim that they did not meet the qualifications for the airdrop.
Aethir’s Approach to Decentralized Computing Infrastructure
- Aethir aggregates unused and new GPUs from various sources
- The platform enhances cluster size and reliability through GPU integration
- Aethir currently boasts over 200,000 users and 20 node locations worldwide
Aethir adopts a unique approach by consolidating unused and new Graphics Processing Units (GPUs) from diverse origins, including enterprises, data centers, crypto mining operations, and individual consumers. By seamlessly integrating these GPU clusters into a unified network, Aethir increases cluster size and enhances reliability and resilience. Crypto investor Mario Nawfal revealed that the platform currently has more than 200,000 users and operates in over 20 node locations globally. These nodes play a crucial role in upholding the network’s infrastructure.
Malviya also highlighted Aethir’s financial milestones, noting that the project has raised over $150 million from node sales. This substantial financial support provides Aethir with a strong financial foundation, essential for scaling GPU supply and fostering sustainable growth.
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