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Cryptocurrency News Articles

Theta Network (THETA) Surges Over 10% as AI Sector Heats Up

Dec 29, 2024 at 09:19 pm

Data from CoinGecko shows the native Theta Network (THETA) token has surged by more than 10% in the past 24 hours at the time of writing.

Theta Network (THETA) Surges Over 10% as AI Sector Heats Up

Theta Network (CRYPTO: THETA) enjoyed a more than 10% price surge over the past 24 hours at the time of writing.

What Happened: The gains in Theta came as the broader AI sector witnessed a strong uptick.

Over the past day, several AI-powered projects and meme coins rose in value as traders appeared to be eyeing new entries ahead of a potentially period-defining few months.

NEAR Protocol (CRYPTO: NEAR), Internet Computer (CRYPTO: ICP), RENDER (CRYPTO: RENDER), Artificial Superintelligence (CRYPTO: FET) and Virtuals Protocol (CRYPTO: VIRTUAL) were among the tokens that showed gains in the 24 hours and the week.

The gains were also seen in tokens, such as ai16z, aixbt and Fartcoin, as the AI meme sector showed even higher returns in the same period amid heightened activity in the AI agent market.

What Next For Theta Network Price?を読んでみましょう。 Theta Network (CRYPTO: THETA) enjoyed a more than 10% price surge over the past 24 hours at the time of writing.

The gains in Theta came as the broader AI sector witnessed a strong uptick.

Over the past day, several AI-powered projects and meme coins rose in value as traders appeared to be eyeing new entries ahead of a potentially period-defining few months.

NEAR Protocol (CRYPTO: NEAR), Internet Computer (CRYPTO: ICP), RENDER (CRYPTO: RENDER), Artificial Superintelligence (CRYPTO: FET) and Virtuals Protocol (CRYPTO: VIRTUAL) were among the tokens that showed gains in the 24 hours and the week.

The gains were also seen in tokens, such as ai16z, aixbt and Fartcoin, as the AI meme sector showed even higher returns in the same period amid heightened activity in the AI agent market.

Theta, a decentralized cloud AI project, is seeing buying amid this positive sentiment.

Several key partnerships and integrations, including recent deals with the University of Oregon’s Distopia Lab and esports platform FlyQuest, are likely serving as catalysts for Theta.

Theta EdgeCloud is trusted by the leading academic institutions & enterprises – learn all about who's using the Decentralized Cloud for AI, Media & Entertainment at https://t.co/Dgn0dzE1g4 pic.twitter.com/KakezYFG49

— Theta Network (@Theta_Network) December 20, 2024

In October this year, Dystopia Lab announced that it would be leveraging Theta EdgeCloud in its AI research, particularly in training AI models.

On the other hand, FlyQuest said it was teaming up with Theta to introduce an AI esports chatbot.

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News source:coinjournal.net

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