Bittime - ANKR token, a digital asset from Ankr, a decentralized Web3 infrastructure provider, continues to show positive performance in the crypto market. The ANKR token price rose 3% after it was announced that two Ankr executives will participate in Nvidia's upcoming AI conference.
Ankr is a project that leverages shared computing resources to provide an easy and affordable blockchain node hosting solution. Ankr also offers GPU cloud services in collaboration with Dell, a global technology company.
Ankr CEO Chandler Song and CTO Stanley Wu will attend the Nvidia GPU Technology Conference (GTC) 2024, which will take place from March 18 to 21 in Silicon Valley, USA. They will showcase their GPU cloud services and share insights into Web3 and AI developments.
Render (RNDR) and Near Protocol (NEAR) Coming
In addition to Ankr, several other AI-focused blockchain projects will also attend the conference, such as Render, a decentralized GPU rendering platform, and NEAR, a community-run cloud computing platform.
The news was welcomed by the market, which pushed the price of the ANKR token up nearly 3% since it was announced by renowned blockchain journalist Colin Wu on Twitter. According to data from CoinMarketCap, ANKR is trading at $0.05402 (USD 842.71) per token at the time of writing, with a gain of 36% in the last 24 hours and 55% in the last seven days.
ANKR also benefited from the overall crypto market momentum, triggered by the launch of an exchange-traded spot-based Bitcoin fund (ETF) in the US in February, which pushed Bitcoin prices to new record highs above $60,000 (USD 936 million) per coin.
Check the Crypto Market Today:
NVIDIA 2024 Conference
The 2024 Nvidia GTC Conference is an annual event featuring technical workshops on various AI-related topics, including generative AI, which is a branch of AI capable of producing new and realistic content, such as images, video, text, and sound.
Nvidia CEO, Jensen Huang, is expected to give a keynote speech at 1pm PDT on March 18, where he will share the AI advances that are shaping our future. The conference will also include sessions on media and entertainment, AR/VR, simulation, modeling, and design, as well as graphic development.
Nvidia is one of the world's leading technology companies, known for its accelerated graphics and computing products. Nvidia has also played an important role in AI development, providing hardware and software that supports a wide range of AI applications, from facial recognition to autonomous cars.
Also Read How to Buy Crypto:
NVIDIA Earnings Announcement
Last month, Nvidia announced earnings for the fourth quarter and fiscal year 2024, which topped analyst expectations. Nvidia's Q4 revenue came in at $5.16 (IDR 80,416) per share, higher than estimates of $4.59 (IDR 71,604) per share. The company's revenue also reached $22.1 billion (Rp 344.76 trillion), more than 7% higher than the forecast of $20.4 billion (Rp 318.23 trillion). Nvidia's Q4 revenue was also up 22% from Q3, and 265% higher than the same period last year.
The report also includes other interesting figures, including GAAP earnings per diluted share of $4.93 ($76,908), up 33% from Q3 and 765% from a year earlier. GAAP earnings per diluted share amounted to $5.16 (IDR 80,416), up 28% from the previous quarter and 486% from the same period a year earlier. According to Huang, generative AI and accelerated computing are at a "tipping point," with demand increasing significantly in companies and countries around the world.
The company's outlook for Q1 of fiscal 2025 puts revenue at $24 billion (IDR 374.4 trillion) (+/- 2%). Nvidia also forecasts GAAP and non-GAAP gross margins of 76.3% and 77%, respectively, (+/- 50 basis points.). In addition, GAAP and non-GAAP costs are set at $3.5 billion (IDR 54.6 trillion) and $2.5 billion (IDR 39 trillion), respectively.
Check Crypto Price Today:
How to Buy Ankr (ANKR) on Bittime
You can buy and sell Ankr (ANKR) in an easy and safe way through Bittime. Bittime is one of the best crypto applications in Indonesia that has been officially registered by Bappebti.
Ankr (ANKR) is available on Bittime with the market pair ANKR/IDR. To be able to buy ANKR IDR on Bittime, make sure you have registered and completed identity verification. In addition, also make sure that you have enough balance by depositing some funds into the wallet. For your information, the minimum asset purchase at Bittime is Rp10,000. After that, then you can make a crypto asset purchase in the application.
Learn the complete guide on how to buy Ankr (ANKR) on Bittime.
Monitor the price chart movements of Ankr (ANKR), Bitcoin (BTC), Ethereum (ETH), Solana (SOL) and other cryptos to find out today's crypto market trends in real-time on Bittime.
Also Read:
What is Ankr (ANKR)? Leading Web3 Infrastructure Solutions
Babylon and Ankr Launch First Bitcoin Minting Protocol
AI Coin: What It Is and Its Advantages
DISCLAIMER: This article is informational in nature and does not constitute an offer or solicitation to sell and buy any crypto asset. Trading crypto assets is a high-risk activity. Crypto asset prices are volatile, where prices may change significantly from time to time and Bittime is not responsible for fluctuations in crypto asset exchange rates.
Comments
0 comments
Please sign in to leave a comment.