Aethir, in a move that can only be described as an utterly unpredictable leap, saw its price soar by a glorious 43% amidst a general uptick in the cryptocurrency market. The token, in fact, surged faster than an over-caffeinated squirrel, outpacing the mighty decentralized physical infrastructure networks ecosystem, or DePIN, for the day.
- The price of Aethir rocketed to $0.045, marking a 43% increase.
- This exceptional climb saw it surpass Bittensor, Render, and the other DePIN token contenders.
- The price surge coincided with the broader crypto market’s bullish outlook, fueled by speculations about an impending Federal Reserve interest rate cut.
In a dazzling 24-hour period, the Aethir (ATH) token reached an intraday high of $0.045, leaping from a low of $0.030 to a staggering peak of $0.04437 across exchanges. Talk about a rapid ascension! By the time I was composing this – and yes, it takes time, don’t judge me – Aethir was still sitting pretty around $0.042, which was the highest it had been since that triumphant peak of $0.041 on June 16, 2025. How high can this fly, you ask? Well, time will tell.
But what caused this rocket launch, you wonder? Ah, the answer lies in the news of a glorious partnership between Aethir and Credible Finance, a stablecoin platform, to unveil a first-of-its-kind crypto credit card powered by decentralized physical infrastructure networks. Now, if that doesn’t make you want to click “buy,” I don’t know what will. (Though, of course, we don’t give financial advice, wink-wink.)
Of course, Aethir wasn’t always this shiny. Back in mid-July, it plummeted to a dismal low of $0.025, but alas, the bulls, when they could be bothered, made their heroic attempt at a rebound in late July. And then again in mid-August. But bears, ever the pessimists, held steady around $0.037, essentially keeping things in check. But this recent bounce – oh yes, it has proven resilient! The technical barrier at $0.037? Gone, breached like a false sense of security. Could this newfound support be a turning point? Could be, if you ask me.
Price sees Aethir outpace DePIN peers
The Aethir price surge was not a solo performance; no, it was part of a broader crypto rally on September 8. Bitcoin (BTC) dusted off its fancy jacket and jumped back above $112k, while Ethereum (ETH) joined the club by pushing beyond $4,330. It’s as if the whole crypto market was smiling and shaking hands, optimistic about the potential for a major interest rate cut by the Federal Reserve. Experts, of course, are jumping at the chance to declare that a 50-basis-point rate cut is on the horizon, like eager students waiting for their grades.
This general market bullishness helped lift the spirits of DePIN tokens as well. Bittensor (TAO), Render (RENDER), and Arweave (AR) all joined the fray, posting double-digit weekly gains like a group of overachieving students. Meanwhile, the DePIN sector’s market cap grew 3%, surpassing a solid $34.8 billion, and daily trading volumes increased by a healthy 25%, crossing $4.2 billion. Who knew physical infrastructure could be so exciting?
Now, for Aethir, the numbers were even more mind-boggling. The 24-hour trading volume exploded by an absurd 1,300%, reaching $95.7 million. (If that’s not a “hold onto your seats” moment, I don’t know what is.) The token’s market cap ballooned to a cool $473 million, and Coinglass reported an open interest of $65.29 million. Looks like someone is making some serious moves.
The all-time high for Aethir, just so you know, was a jaw-dropping $0.29, which was achieved back in June 2024. Could it reach that height again? We’ll be watching.
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2025-09-08 23:17