Decred (DCR) has surged 16% in the past 24 hours, reaching $34.58, its highest level since November, despite a broader market decline led by Bitcoin. The token has gained over 80% in the past four weeks following a change to its treasury rules on February 8. Meanwhile, Bitcoin is trading around $67,000, down 2% in 24 hours, with other major cryptocurrencies like Ether and Solana also experiencing losses.
In other developments, the DFINITY Foundation has proposed a deflationary model for Internet Computer (ICP) by burning 20% of cloud engine revenue. This move aims to align ICP's token supply with network demand. ICP's price rose 6% to $2.56, influenced by Nvidia's strong earnings, which boosted sentiment for AI-linked tokens. Other AI-related tokens, such as Render and Bittensor, also saw increased investor interest.
Decred Rallies Amid Market Slump; AI-Linked Tokens Gain
Disclaimer: The content provided on Phemex News is for informational purposes only. We do not guarantee the quality, accuracy, or completeness of the information sourced from third-party articles. The content on this page does not constitute financial or investment advice. We strongly encourage you to conduct you own research and consult with a qualified financial advisor before making any investment decisions.
