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How are the coins Cronos (CRO), Theta Network (THETA), and JasmyCoin (JASMY) performing within the crypto market? Let’s see all the details and the latest news about them in this article.
The collaboration between Cronos Labs and Google Cloud pushes CRO in bull
The native token of the Cronos blockchain, CRO, recorded an impressive increase of 47% this week, capturing the attention of investors and the entire cryptocurrency community.
This price momentum occurs in a context of general market growth, but the main catalyst was a significant announcement from Cronos Labs: a new collaboration with Google Cloud.
Cronos Labs has confirmed that Google Cloud will become the main cloud services provider for the entire Cronos ecosystem, a step that promises to accelerate the adoption and technological innovation of the platform.
Among the main points of this partnership, Google Cloud will also act as a validator for the Cronos network. Thus ensuring a level of security and operational reliability that few other providers can offer.
The agreement also provides that Cronos Labs will leverage the advanced infrastructure and capabilities of
Google Cloud artificial intelligence to improve the performance of the blockchain.
The integration of Google’s AI technology and machine learning could facilitate the development of new features, expanding the possibilities for developers and users of the platform.
In addition, Cronos and Google Cloud will collaborate to make innovation more accessible to developers, combining Cronos’s blockchain expertise with Google Cloud’s services.
Another key element of this alliance is the Cronos Accelerator Program, which aims to support blockchain startups with resources, mentoring, and access to advanced infrastructure.
This program offers emerging companies the opportunity to grow thanks to the support of Google Cloud. The recent expansion of Cronos also includes the launch of the mainnet
Public (alpha) of Cronos zkEVM in August, an important milestone for the project.
With the continuous growth of trading volume and the optimism fueled by the partnership, analysts’ forecasts indicate that CRO could reach $0.165 by the end of 2024, although short-term fluctuations remain possible.
Theta Labs collaborates with the Università dell’Oregon for research on artificial intelligence
Theta Labs recently announced a multi-year partnership with Distopia Laboratory, the artificial intelligence research laboratory at the University of Oregon.
The announcement, published on Theta’s blog, highlights the key role of assistant professor Suyash Gupta, who will lead this strategic collaboration.
The project will focus on the use of Theta Network’s EdgeCloud technology, a hybrid cloud computing platform designed to optimize applications of artificial intelligence, video, rendering, and gaming.
Theta Labs launched the first phase of the EdgeCloud platform in May, after announcing the project in February.
Distopia Laboratory plans to leverage this infrastructure to enhance the training of artificial intelligence models, bringing significant innovation to university research.
The University of Oregon, renowned for its excellence in distributed systems, blockchain, and federated learning, will benefit from Theta’s decentralized technologies to tackle complex projects in various fields, including healthcare, finance, bioinformatics, and media.
Dr. Gupta, known for his studies at the intersection of artificial intelligence and blockchain, argues that this collaboration will allow for the exploration of new technological frontiers.
Through this partnership, Theta Network aims to expand the adoption of EdgeCloud in the academic world, facilitating access to advanced decentralized cloud resources.
This collaboration offers a significant incentive for universities, reducing financial barriers in research. Cryptocurrencies, with their potential for decentralized funding, represent an advantage for institutions aiming at innovative projects.
Furthermore, Theta Labs is already consolidating its presence in the international academic landscape.
For example, in South Korea, it has made agreements with four of the five main universities, strengthening its position as a strategic partner in advanced research.
Jasmy crypto: price momentum, the comparison with Cronos and Theta
The price of JasmyCoin recorded an increase for two consecutive days, reaching the highest level since the last week of October, driven by a general improvement in cryptocurrency sentiment.
JasmyCoin (JASMY), a well-known Japanese token, reached an intraday high of $0.022, recording a rise of over 23% compared to recent lows.
This rise is in line with the overall market recovery and with a change in the “Fear and Greed” index, which has crossed the fear threshold to enter the greed zone with a value of 62.
Analysts predict further gains, with particular optimism driven by post-election developments in the United States.
In parallel, the open interest in JasmyCoin futures has seen a surge, surpassing 28.4 million dollars, the highest level since October 25 and a significant jump compared to the weekly low of about 2.9 million dollars.
This growth highlights a growing speculative interest in JASMY, often considered a Japanese counterpart to Bitcoin (BTC). It recently set a new record, surpassing 75,000 dollars.
On the technical front, JasmyCoin is showing signs of potential reversal. The token has formed a double bottom pattern at $0.0172, considered a strong bull indicator in financial markets.
Furthermore, JASMY is attempting to break a bear trendline that has dominated since the end of August. It has already surpassed the 200-day exponential moving average and is approaching the 50% retracement level, a key indicator of a possible bull momentum.
If JasmyCoin manages to overcome the resistance at $0.0254, corresponding to the neckline of the double bottom pattern, it could gain an additional 30%, thus consolidating its recovery and opening up new bull scenarios.
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