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Theta Releases EdgeCloud for Android, and More

Published

4 hours ago

September 30, 2024

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Decentralized Physical Infrastructure Networks (DePin) are transforming the tech by enabling decentralized projects in real-world infrastructure.

Here’s what happened in DePin sector recently: Theta launched the mobile version of its EdgeCloud Node, expanding its network to Android devices. Helium formed a partnership with the University of Southern California (USC) Trojans, increasing its visibility at major sporting events. Meanwhile, Anyone announced its Incentivized Testnet, offering token rewards to relay operators for supporting its infrastructure.

Theta Releases EdgeCloud Node for Android Devices

In a important step for Theta, the mobile version of the Edge Node for Android devices launched on September 25. This update expands Theta EdgeCloud’s network, which already includes over 30,000 desktop nodes, to potentially tap into the computing power of 3.9 billion Android devices worldwide. Now, Android smartphone users can contribute their GPU power to Theta’s EdgeCloud network and earn TFUEL tokens as a reward.

“For the first time ever, the Theta team has implemented a video object detection AI model (VOD_AI) that runs on consumer grade Android mobile devices, delivering true computation at the edge and enabling unparalleled scalability and reach. VOD_AI is a computer vision technique that uses AI to analyze video frames to identify objects by scanning video frames, looking for potential objects and drawing bounding boxes around them. This process is similar to how the human visual cortex works,” the team shared.

Users can also set their Edge Node to run only when the device is on WiFi and charging, like overnight. With thousands of Android devices participating globally, Theta can handle large computing tasks, such as video processing, around the clock. For example, if 30,000 devices each work for 8 hours, they provide 240,000 hours of computing power in a day.

The system splits large videos into 14 million small parts and distributes the work across devices, allowing it to process even complex, high-resolution videos efficiently. This brings a new level of power to edge computing.

Helium Partners with USC Athletics

Helium Mobile has officially partnered with the University of Southern California (USC) Trojans, marking a new collaboration for the 2024-25 sports season. As part of this partnership, Helium Mobile will feature prominently at USC football and basketball home games, starting with the highly anticipated USC vs. Wisconsin game on September 28, 2024, where Helium Mobile will serve as the game sponsor.

Fans attending these games can expect Helium Mobile branding throughout the stadium, along with interactive activities, giveaways, and promotions aimed at engaging USC supporters. The partnership also includes special events like student section takeovers and exclusive fan experiences.

“We are proud to support the USC Trojans. Sports bring people together, and we’re excited to have USC as part of the Helium Mobile family. We know how important it is for students, student-athletes, faculty, and alumni to have reliable and affordable cell phone service,” Helium Mobile COO Frank Mong said.

Helium Mobile, known for its $20 per month phone plan with unlimited talk, text, and data, will use the opportunity to introduce the Helium Network to the USC community.

With a focus on providing reliable connectivity for popular apps like YouTube, TikTok, and Instagram, the network promises to meet the needs of students and fans who rely on their phones throughout the day. Helium subscribers also have the chance to earn rewards for supporting the network’s growth.

Anyone Prepares for Incentivized Testnet

The Anyone Incentivized Testnet and Dashboard will go live soon. This launch will transition the network to an incentivized phase, allowing any relay operator to earn mainnet ANYONE tokens through the distribution system.

Initially, the distribution rate will be set at 25% of the final target. Operators will be able to connect to the dashboard, track rewards distributed on Arweave Layer-1, and claim them on the Sepolia Testnet. Mainnet tokens will then be airdropped weekly on a 1:1 basis with the testnet rewards redeemed.

The team will test and audit features throughout the testnet period, then integrate them into the rewards system. With updates like family requirements, geolocation multipliers, and mainnet ANYONE locking, the rewards will increase as the protocol grows.

While DePIN is still in its early stages and has some flaws, it allows for the exchange of tokens between synthetic and real-world assets. This supports traditional infrastructure by providing last-mile coverage in areas where conventional models are not economically feasible.

Disclaimer

In adherence to the Trust Project guidelines, BeInCrypto is committed to unbiased, transparent reporting. This news article aims to provide accurate, timely information. However, readers are advised to verify facts independently and consult with a professional before making any decisions based on this content. Please note that our Terms and Conditions, Privacy Policy, and Disclaimers have been updated.

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Related Topics:Android EdgeCloud Releases Theta

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XRP Price Breaks Free: Is a Major Rally Underway?

Published

5 mins ago

September 30, 2024

admin

XRP price gained pace and was able to clear the $0.600 resistance. The price is up over 10% and is now consolidating gains near $0.6450.

XRP price started a fresh increase above the $0.600 resistance zone.
The price is now trading above $0.6250 and the 100-hourly Simple Moving Average.
There is a key contracting triangle forming with resistance at $0.6500 on the hourly chart of the XRP/USD pair (data source from Kraken).
The pair could start a fresh increase if it clears the $0.6500 and $0.6550 resistance levels.

XRP Price Settles Above $0.60

XRP price started a major increase above the $0.60 resistance, beating Bitcoin and Ethereum. The bulls were able to pump the price above the $0.6120 and $0.6250 resistance levels.

It even broke the $0.650 resistance. A high was formed at $0.6642 and the price started a downside correction. There was a move below the $0.6550 and $0.6500 levels. The price tested the 50% Fib retracement level of the upward move from the $0.6082 swing low to the $0.6642 high.

The price is now trading above $0.6250 and the 100-hourly Simple Moving Average. On the upside, the price might face resistance near the $0.650 level. There is also a key contracting triangle forming with resistance at $0.6500 on the hourly chart of the XRP/USD pair.

The first major resistance is near the $0.6550 level. The next key resistance could be $0.6640. A clear move above the $0.6640 resistance might send the price toward the $0.6850 resistance. Any more gains might send the price toward the $0.700 resistance or even $0.720 in the near term.

Are Dips Supported?

If XRP fails to clear the $0.650 resistance zone, it could continue to move down. Initial support on the downside is near the $0.6350 level. The next major support is near the $0.6285 level and the 61.8% Fib retracement level of the upward move from the $0.6082 swing low to the $0.6642 high.

If there is a downside break and a close below the $0.6285 level, the price might continue to decline toward the $0.6120 support in the near term. The next major support sits at $0.600.

Technical Indicators

Hourly MACD – The MACD for XRP/USD is now losing pace in the bullish zone.

Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is now above the 50 level.

Major Support Levels – $0.6350 and $0.6285.

Major Resistance Levels – $0.6500 and $0.6550.

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Market

Why Shiba Inu price May Extend Its Decline

Published

1 hour ago

September 30, 2024

admin

Shiba Inu’s (SHIB) latest attempt to spark excitement among its investor base has fallen flat. On Sunday, updates were shared on the highly anticipated launch of “Shib The Metaverse.” However, the news has failed to stir the market.

Over the past 24 hours, SHIB’s price has dropped by almost 10%, and it is poised to fall further.

Shiba Inu Holders Are Not Impressed

In a recent post on X, Shiba Inu’s marketing lead provided updates on the upcoming “Shib The Metaverse” project. The virtual space aims to be a central hub for community members, fostering user-generated content, collaboration, and creative expression. It will also allow SHIB holders to discuss ideas and vote on proposals.

Despite the announcement, SHIB holders remain largely unmoved. The popular meme coin is currently trading at $0.000018, down 7% in the past 24 hours. Among the top five meme assets by market capitalization, SHIB has recorded the most significant losses during this period.

Additionally, SHIB’s declining open interest (OI) reflects a drop in market activity. After reaching an all-time high of $116 million on September 27, its OI has since fallen by 11%, sitting at $103 million at press time.

shiba inu open interest — Shiba Inu Open Interest. Source: Santiment

A drop in open interest suggests that traders are closing positions rather than opening new ones, indicating reduced market participation and a shift in sentiment, with traders becoming less bullish.

Additionally, SHIB’s Chaikin Money Flow (CMF) is on the verge of crossing into negative territory, signaling a potential liquidity outflow. The CMF, which tracks money moving in and out of the market, is trending downward, sitting at 0.05 at press time. This setup indicates that the outflow of liquidity from the SHIB market is accelerating.

shiba inu cmf — Shiba Inu CMF. Source: TradingView

SHIB Price Prediction: August 5 Low Is the Next Target

SHIB’s recent attempt to break the $0.0000189 resistance level has failed, reinforcing the ongoing downtrend. If market interest and demand for the meme coin continues to decline, its price could fall further, potentially reaching the August 5 low of $0.000010.

On the other hand, Shiba Inu’s price may rise to $0.000028 if it witnesses a resurgence in demand and sentiment becomes more bullish, invalidating the bearish projection above.

Disclaimer

In line with the Trust Project guidelines, this price analysis article is for informational purposes only and should not be considered financial or investment advice. BeInCrypto is committed to accurate, unbiased reporting, but market conditions are subject to change without notice. Always conduct your own research and consult with a professional before making any financial decisions. Please note that our Terms and Conditions, Privacy Policy, and Disclaimers have been updated.

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Market

Solana Price (SOL) Holds Crucial Support Level: Is the Rally Still Alive?

Published

2 hours ago

September 30, 2024

admin

Solana is holding gains above the $150 resistance zone. SOL price is consolidating and might aim for a fresh increase above the $162 resistance zone.

SOL price started a fresh increase above the $155 zone against the US Dollar.
The price is now trading near $155 and the 100-hourly simple moving average.
There is a key rising channel forming with support at $155 on the hourly chart of the SOL/USD pair (data source from Kraken).
The pair could start another increase if it stays above the $155 support zone.

Solana Price Regains Traction

Solana price extended its increase above the $155 resistance like Bitcoin and Ethereum. SOL even climbed above $160 before the bears appeared. A high was formed at $162 and the price started a downside correction.

There was a move below the $160 and $158 levels. However, the bulls were active near the $155 support zone. A low is formed at $155 and the price is now consolidating losses below the 23.6% Fib retracement level of the recent decline from the $162 swing high to the $155 low.

Solana is now trading near $155 and the 100-hourly simple moving average. There is also a key rising channel forming with support at $155 on the hourly chart of the SOL/USD pair.

On the upside, the price is facing resistance near the $158 level. The next major resistance is near the $160 level. It is close to the 76.4% Fib retracement level of the recent decline from the $162 swing high to the $155 low. The main resistance could be $162.

A successful close above the $160 and $162 resistance levels could set the pace for another steady increase. The next key resistance is near $175. Any more gains might send the price toward the $180 level.

More Downsides in SOL?

If SOL fails to rise above the $158 resistance, it could start another decline. Initial support on the downside is near the $155 level. The first major support is near the $154 level.

A break below the $154 level might send the price toward the $149 zone. If there is a close below the $149 support, the price could decline toward the $142 support in the near term.

Technical Indicators

Hourly MACD – The MACD for SOL/USD is losing pace in the bullish zone.

Hourly Hours RSI (Relative Strength Index) – The RSI for SOL/USD is below the 50 level.

Major Support Levels – $155 and $149.

Major Resistance Levels – $158 and $162.

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