As a seasoned researcher with years of experience in the dynamic world of cryptocurrencies, I find myself intrigued by the upcoming launch of ATH and APU on Kraken, set for November 12. The convergence of utility tokens like ATH and meme coins such as APU is an interesting development, to say the least.
Kraken is preparing to debut ATH, the indigenous token from Aethir, along with the popular meme coin Apu Apustaja. Starting November 12, you’ll be able to trade both ATH and APU.
Starting from November 12th, 14:00 UTC, I’ll have the opportunity to trade the native token of Aethir, ATH, on the Kraken crypto exchange. As per Kraken’s listing schedule, ATH will debut simultaneously with the meme coin, Apu Apustaja, also on November 12th.
Before the debut of Aethir (ATH), Kraken has made available a price tracking page for traders. This page carries a disclaimer stating that Aethir isn’t currently accessible on Kraken, but that’s about to change shortly.
In the coming weeks, you can expect Kraken to add 17 new listings to its platform. Some of these are humorous digital currencies such as GOAT (Greatest of All Time), NEIRO (Neuro), FWOG (Fear of Missing Out Guy), DOGS (Dogs), and COW (Cryptocurrency Offering Widely).
Exciting announcement! 🚀
— Aethir (@AethirCloud) November 8, 2024
According to crypto.news, I’ve noticed an impressive 17.14% surge in the price of the Aethir token over the past 24 hours. This rise follows Kraken’s announcement that they would be listing Aethir, causing a 12.29% increase in its price, which is now being traded at around $0.07. Currently, Aethir boasts a market cap of over $280 million and a fully diluted valuation of an impressive $2.9 billion.
Over the last seven days, the value of the Aethir token has surged by an impressive 54.41%. This surge might be attributed to the soaring Bitcoin prices which recently hit an unprecedented peak of $89,604.
Contrarily, the Apu Apustaja meme coin hasn’t shown significant activity over the last day. As per information from CoinGecko, the APU token has decreased by 1.4% within the previous hour prior to the Kraken launch.
As an analyst, I’m observing that the price of Apu Apustaja meme coin has dropped approximately 3% over the past 24 hours, and it is currently being transacted at around $0.000982. At the moment, this digital asset holds a market capitalization of roughly $326 million, and its fully diluted valuation stands at an estimated $338 million.
What are APU and ATH?
On June 12, 2024, the Aethir native token, known as ATH, was first introduced on the LBank Exchange. This ATH utility token plays a crucial role in developing the Aethir DePIN stack and functions as a payment method within the Aethir network. For instance, it can be used to rent GPU resources for AI and cloud gaming purposes.
Aethir is a company specializing in Web3 Decentralized Processing-as-a-Service (DePIN) who strive to make GPU resources accessible for all by utilizing decentralized cloud technology.
Initially, Apu Apustaja emerged as an online joke featuring a frog character in a blue shirt. On March 11, 2024, the Apu Apustaja meme was introduced as a digital currency, or meme coin, on the Ethereum blockchain. Boasting a market value surpassing $300 million and a dedicated following, APU is now available for trading on platforms such as MEXC, BitGet, and Gate.
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2024-11-12 17:56