aelf (ELF) is seeing significant bullish momentum amid strategic partnerships with key AI and decentralized computing platforms designed to drive innovation, boost token utility, and enhance the platform’s AI-driven applications.
At press time, ELF traded at $0.4126 after a 12.7% increase in the last 7 days. It is trading well above the 50-day and 100-day moving averages.
The 14-day RSI indicator is at 60.46, indicating a bullish momentum as the crypto tide changes with Donald Trump’s re-election.
Source: TradingView
aelf expanding its AI and decentralised computing power
At the core of aelf’s latest partnerships is the integration of AI and decentralized computing.
The platform has teamed up with Aethir, a distributed GPU-based infrastructure provider, to scale AI model training and deployment across the aelf network.
This collaboration allows aelf to significantly enhance its support for AI-driven applications, giving developers the resources needed to build sophisticated models within the blockchain ecosystem.
Another key partner is Edge Matrix Chain (EMC), a blockchain-based edge computing protocol.
By integrating EMC’s decentralized computing power into aelf’s ecosystem, the platform gains access to more flexible and efficient resources for building decentralized applications (dApps) and processing large datasets.
This will help developers push the boundaries of what is possible on the aelf network, opening the door for even more complex applications in the future.
aelf revolutionizing data monetization
aelf is also making strides in automating smart contract creation and monetizing data.
The partnership with Gaia, an open-source AI platform, is particularly exciting.
The collaboration will introduce an AI agent that can generate basic smart contracts, which will eventually evolve to handle more complex contract creation.
This marks a significant leap forward for smart contract automation, simplifying dApp development on the aelf blockchain.
On the data front, Nuklai, a decentralized platform for data sharing and monetization, will enable aelf users to monetize their data securely.
This partnership helps aelf tap into the growing demand for decentralized data exchange, empowering users to profit from their data without compromising privacy or control.
Together, these efforts will drive increased engagement within the aelf ecosystem and unlock new opportunities for developers and users alike.
By combining decentralised computing, AI-powered smart contracts, and data monetization capabilities, aelf is solidifying its position as a leader in the AI-enhanced blockchain space.
These collaborations not only fuel the platform’s growth but also enhance its utility and security, paving the way for a more connected and dynamic blockchain ecosystem.
The post aelf (ELF) bullish trend gains momentum with new partnerships appeared first on Invezz
Read the full article here
