The price of the coin doubled in 3 days!
What a suprise I do believe this because the project has the relation with AI the recent Hype and Listing on Centralized Exchange always a good news and usually make the price Up.
There is demand for this kind of service because CLORE has an innovation called Proof of Holding (PoH).
PoH system automatically rewards rig owners with bonus CLORE when they are rented on the Marketplace, and thus allowing them to lower prices.
So, low rent prices = high demand.
Found the details here --- https://clore.ai/proof-of-holding
There are 3700 GPUs on the Marketplace right now, out of which 2200 are rented, check here --- https://opendata.clore.ai/d/aKQRJmA4z/clore-ai?orgId=1&from=now-1y&to=now
They are like a vast.ai platform on blockchain.
Also, mcap is under 10M, which makes it a gem.
Miners rent their power to earn more CLORE coins. Miners can also receive additional rewards for holding coins. If this is a future diamond, then it is more profitable to buy it now, while mining is not very profitable.
True words, and this is what i talk to many people. But Influencer like SOAT say it in the other way and this is bullshit.
People buy cards for $300 with an revenue of $0,01 after power -> yeah make sense to buy GPU´s and mine instead of buying coins
lolI still buying coins at the moment -> i pay no tax for bought coins after 1 year
But i also buy very cheap cards for the long run (RTX3080 and AMD 6800/xt) for around $200 and to hodl the GPU´s for the bull market
