The Decentralized Physical Infrastructure Network (DePin), Aethir, achieved a significant milestone today. At 10:00 UTC, its ATH token was listed on over 16 centralized crypto exchanges.
This includes heavyweights like OKX, Gate.io, and Bitfinex. However, top exchanges such as Binance, Coinbase, and Kraken have not yet listed the ATH token.
Crypto Analyst Predicts a Fully Diluted Valuation of $3 Billion For ATH Tokens
Aethir harnesses decentralized technology to enhance cloud computing efficiency. The ATH token serves multiple purposes within its ecosystem – it acts as a medium of exchange for gas fees, provides governance, supports staking, and sustains the surrounding ecosystem.
Crypto analyst Hitesh Malviya provided insights into the token’s fully diluted valuation (FDV), comparing it to Akash Network’s AKT token.
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“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 optimism, the market might see fluctuations as airdrop winners could sell off their tokens to realize profits. This situation is similar to the recent listing of io.net’s IO tokens on Binance, which surged to $5.88 but then fell over 30%, currently trading around $4.
Moreover, some community members have been disappointed with the project. Aethir launched a cloud drop in May and distributed 670,000 badges. However, some badge owners claim that they do not qualify for the airdrop.
Aethir’s approach aggregates unused and new Graphics Processing Units (GPUs) from various sources. These include enterprises, data centers, crypto mining operations, and individual consumers. By seamlessly integrating these GPU clusters into a unified network, Aethir enhances cluster size and boosts reliability and resilience.
According to crypto investor Mario Nawfal, currently, the platform boasts over 200,000 users and more than 20 node locations globally. These nodes are crucial for maintaining the network’s infrastructure.
Malviya also highlighted Aethir’s financial achievements, noting that the project has raised over $150 million from its node sales. This financial backing gives Aethir a significant war chest, which is essential for increasing GPU supply and supporting sustainable growth.
In an interview with BeInCrypto, Kyle Okamoto, the CTO of Aethir, discussed how the platform plans capital deployment now that it has significant resources.
“Capital deployments are planned around enterprise-grade customer support on a global basis, further accelerating our roadmap centered on AI compute products and easier onboarding and automation for our customers. In addition, Aethir will continue to harden the security of the system and ecosystem progression. Launching the token across numerous exchanges was simply one step further to a decentralized, community-enforced, and community-rewarded better internet, providing high-quality enterprise-grade GPU computing globally at scale,” Okamoto told BeInCrypto
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