CandleFocus Clore.ai token rises as Nvidia, Palantir stocks surge
2024-10-11
Author: Content Editor
Clore AI, a cryptocurrency focused on artificial intelligence (AI), is experiencing a recovery in its price due to increased demand for AI assets. The Clore.ai token has risen by 140% from its lowest point this year and reached a high of $0.1143, its highest since September 26. The company provides a platform for leasing GPUs, which are in high demand as big tech companies are projected to spend over $1 trillion on them by 2028. Clore's platform has seen over 400,000 successful rentals, and the number of online machines has reached a record high. The rally in the price of Nvidia stock and other AI stocks has also contributed to Clore's price increase. The upcoming financial results of AI companies will be important for their performance in the coming weeks. The CLORE token has shown bullish signs, forming a double-bottom pattern and a small doji candlestick pattern. The price will further confirm upside potential if it rises above the key resistance level at $0.1193.
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