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IBM and EY partner on ESG and quantum computing – Consultancy.uk

April 19, 2023 | Author: admin

Business computing giant IBM and Big Four professional services firm EY have entered into a heavyweight alliance, which will see the two companies collaborate to bring quantum computing solutions to their global clients. EY will become part of IBMs quantum network community, using the access this provides to apply quantum solutions to some of the greatest problems businesses and governments face around the world.

Quantum computing is a multidisciplinary field comprising aspects of computer science, physics, and mathematics that utilizes quantum mechanics to solve complex problems faster than on classical computers. Quantum technologies have long been identified as a key priority to promote economic development, with some studies suggesting they will have a global market value of as much as $1 trillion by 2035. As a result, Governments are supplying tax breaks to tech companies investing in R&D to make the innovation a reality.

This has triggered something of a gold-rush in the professional services sector. In 2022,EY became the latest consulting giant to begin exploring the potential of quantum computing, by establishing its own Global Quantum Lab. Its new partnership with IBM, becoming part of the IBM Quantum Network, will further enable EY to explore solutions with quantum technology which could resolve some of todays most complex business and global challenges including the climate crisis.

Steve Varley, EY Global Vice Chair for Sustainability, said, In order for organisations to address an ever-evolving set of ESG challenges, solutions must be delivered and deployable at a faster pace than ever before. The value of this deepened and longstanding alliance is in how it leverages the consulting and technology capabilities of both EY and IBM teams, to be at the forefront of how clients plan and accelerate their ESG journey and build trust with their most critical stakeholders.

Using IBM quantum technology, EY teams now plan to conduct leading-class research to uncover transformative use cases, including: the reduction of CO2 emissions from classical computing, the improvement of safety and accuracy of self-driving cars, and most critically, integrate quantum benefits into organizations mainstream systems for data processing and enterprise decision making. EY teams will also leverage their access to IBMs fleet of quantum computers, which is the largest in the world, to explore solutions to enterprise challenges across finance, oil and gas, healthcare, and government.

Jay Gambetta, Vice President, IBM Quantum, added, IBMs vision is to deliver useful quantum computing to the world. We value partners like the EY organization that can introduce the emerging technology to a wide ecosystem of public and private industry. This will help EY facilitate the exploration of quantum computings potential for use cases that matter in their industry.

Membership in the IBM Quantum Network is part of a broader effort by EY organisation to invest and develop robust capabilities in emerging technologies, which already include artificial intelligence, blockchain, and metaverse development. Beyond the increased investment of the EY-IBM Alliance, the EY organization is investing $10 billion in technology initiatives over three years, including investment in the organizations own quantum function.

Andy Baldwin, EY Global Managing Partner for Client Service, concluded, Quantum, in terms of importance to business, society and the EY organization, is akin to what AI represented years ago. This alliance puts the EY organisation at the forefront of technology. As we invest in this level of quantum computing access, we accelerate our own position and depth of knowledge and capabilities in this space and deepen our rich relationship with our IBM alliance teams.

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Quantum computing qubits and why they matter – TechHQ

April 19, 2023 | Author: admin

Quantum computing is a coming technology thats likely to revolutionize what we can do, and even what we can imagine doing with computers. And the keys to the power of quantum computing are qubits.

But what exactly are qubits, and how do they power the quantum computing revolution?

In classical computers, the units of encoding are bits the binary 0s and 1s with which were familiar. A collection of 8 bits can render you any single number between 0-255.

That in itself is pretty impressive, and its always been the way we measure computer encoding in the modern era, so weve grown up, generation after generation, understanding that it was the way things were done, even as speeds increased and processing power doubled and redoubled, as chips grew faster and more effective.

The cloud changed the way we thought about computing, particularly in storage space and speed, but even there, there has been no fundamental change in the way that data is encoded.

Strap in the next bit is necessarily complicated, because it brings quantum physics to the party of data encoding.

Quantum scientists study the world of the infinitesimally small particles of matter, and the forces that operate on them. The thing to understand about that is that in the world of very small objects, forces often work in very different ways than they do in the macro-universe of comparatively large objects the things we can see, feel, and touch in what we (bless our naivety) think of as the real world.

In the world of quantum physics, things get unexpectedly freaky. Objects at that scale behave in strange ways, and two of those ways are key to understanding qubits in quantum computing.

Quantum superposition is the kind of thing that makes no sense in the macro-universe. It occurs where a quantum element, whether its the spin of an electron or the orientation of a proton, can be in two quantum states simultaneously.

In quantum physics, for instance, an electron can be both a particle and a wave at the same time. In the macro-universe of course, that would normally be absurd a fact pointed out by quantum physicist Erwin Schrdinger when he invented the thought experiment known as Schrdingers Cat. Schrdingers Cat puts forward the idea that you put a cat in a sealed box with a flask of poison, a source of radioactivity and a Geiger counter. If a single atom in the radioactive source decays, the flask of poison shatters, and the cat dies. If theres no decay, no flask shatters, and the cat lives to claw your face off when you finally release it.

Until you open the box, the cat is theoretically both alive and dead simultaneously.

So far, so fun, so reportable to the ASPCA. But what does any of that have to do with qubits in quantum computing right?

Qubits are what are also known as quantum bits. Unless you want to learn about orthogonal x and y-basis states, lets say that qubits in quantum computing act like electrons in quantum physics, and can have multiple values at the same time.

Take a moment with that, were about to hit you with the second way in which qubits harness the principles of quantum physics.

Quantum entanglement is a phenomenon in quantum physics, where groups of particles are generated and interact in such a way that they can only be described with reference to one another.

Add the two phenomena together in a qubit (which is ultimately a storage medium that represents a two-basis quantum state seriously, dont get us started on x and y-basis orthogonals, youll never sleep again), and what you have is a unit of storage that is faster than a quantum bullet.

For instance, remember that with the 0s and 1s of traditional binary-based computers, 8 bits could get you any number between 0-255?

With a qubit, you can get every number between 0-255 at the same time.

That means, for instance, that if were looking at bits and qubits as equals, single units of storage on different systems, that a qubit gets you 255 times as much data per second as a bit can deliver.

Multiply that effect by the kind of numbers of bits in a modern computer, and what you have is an insanely fast, insanely powerful machine, the like of which weve never seen before.

Thats going to be important, because just as were about to enter the age of quantum computing, powered by qubits, we have other transformational technologies coming to fruition that happen to need insanely fast, insanely powerful machines to make the most of them.

Everybodys heard of AI (Artificial Intelligence) and machine learning is an integral technology that powers the algorithms on which it depends. Those technologies are already making staggering differences to the world medical breakthroughs, the digital transformation of the business world, enhanced imaging for everything from self-driving cars to long-range telescopes, and much, much more.

Theyre managing that with standard, bit-based computing technology. Imagine those technologies on a never-ending shot of ultra-espresso, and youre not even halfway to understanding how transformational the power of quantum computing will be to AI and machine learning capabilities.

Theres a potential dark side to the power of quantum computing it will be able to crack most of the cryptography on which our cybersecurity is built in the blink of an electronic eye. But there are already efforts in play to establish standards of post-quantum cryptography, that will render it safe to use and free its users to maximize the potential of the qubits that will drive quantum computing forever forward until the next quantum leap dares to overtake it.

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The 2023 VLSI TSA symposium explores trends in AI, energy saving … – DIGITIMES

April 19, 2023 | Author: admin

The 40th edition of the International VLSI Symposium on Technology, Systems and Applications (VLSI TSA) kicked off on April 17 in Hsinchu, Taiwan. The symposium focuses on the convergence of semiconductors and cutting-edge tech trends such as artificial intelligence (AI), quantum computing, and energy-saving solutions. Esteemed experts from Intel, NVIDIA, Cadence, CEA-Leti, Eindhoven University of Technology, the University of Tokyo, Korea Advanced Institute of Science and Technology, and many more have congregated to explore the possibilities and challenges of this intersection.

This year's event has provided a platform for experts to share their insights and research findings on the development of semiconductors. Intel Principal Engineer Robert Munoz shed light on the immense potential of chiplets and emphasized the importance of industry-scale reuse, which could revolutionize the way industries collaborate to build future systems. Olivier Faynot, Head of Silicon Component Division at CEA-Leti, delved into the latest developments in power consumption and energy-saving elements for data generation, transmission, calculation, and storage. Frank Wang, Research Director of Deep Learning and Computer Vision at NVIDIA, discussed the impact of AI on human life. John Martinis, Professor of Physics at UC Santa Barbara, who was instrumental in building a quantum computer at the Google AI Lab, elucidated the fundamental concepts of quantum computing, its optimal utilization, and potential developmental trends in the coming decade.

During the symposium, Dr. Shih-Chieh Chang, General Chair of VLSI and General Director of the Electronic and Optoelectronic System Research Laboratories at ITRI, discussed how the rapid growth of AI is impacting Taiwan's semiconductor industry. "To achieve rapid AI training and inference, hardware has always been critical. ChatGPT, for instance, relies on thousands of GPUs for model parameter training and high-performance computing to generate reasonable, well-structured responses to given prompts," he noted. "Taiwan will be highly relevant in this, as it has consistently been a leader in semiconductor manufacturing," he said.

Since 2007, the Pan Wen Yuan Foundation has presented the ERSO Award at the symposium to honor individuals who have made significant contributions to Taiwan's IC, semiconductor, electronics, optoelectronics, and display industries. This year the ERSO Award honored three winners, including Chris Lin, Chairman and President of ASPEED Technology; Johnson Lee, CEO of E Ink Holdings Inc., and Alice Chang, Founder and CEO of Perfect Corp. These business leaders were recognized for their remarkable achievements in fabless IC design, electronic paper display, and beauty and fashion tech solutions, respectively.

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IQM Quantum Computers to deliver quantum processing units for the … – Intelligent CIO

April 19, 2023 | Author: admin

IQM Quantum Computers(IQM), a European leader in quantum computers, has been selected to deliver quantum processing units for the first Spanish quantum computer to be installed at the Barcelona Supercomputing Center (BSC) and integrated into the MareNostrum 5 supercomputer, the most powerful in Spain.

IQM is a member of the consortium led by Spanish companies Qilimanjaro Quantum Tech and GMV that was selected by Quantum Spain, an initiative promoted by the Ministry of Economic Affairs and Digital Transformation through the Secretary of State for Digitalisation and Artificial Intelligence (SEDIA) in December 2022, to build the first quantum computer for public use in Southern Europe.

Dr Jan Goetz, CEO and Co-founder of IQM Quantum Computers, said: This is a significant announcement for IQM. We have the right background and experience in developing quantum processors, computers, and national quantum ecosystems. We are looking forward to working with Qilimanjaro Quantum Tech and are delighted to be part of such a strong consortium and play an important role by providing quantum processing units for this notable project.

The integration of the quantum computer into MareNostrum 5 will have the potential to significantly increase the impact of research and innovation by enabling solutions that complement the capabilities of existing supercomputers, which will be available to the research community, companies and public organisations.

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Quantropi Attending RSA Conference 2023 with Live QiSpace … – Digital Journal

April 19, 2023 | Author: admin

PRESS RELEASE

Published April 18, 2023

Visit the Quantropi team at Booth N-5200 within the North Expo to learn how product manufacturers, IoT providers, and enterprises are preparing for quantum and AI cyber attacks

Quantropi Inc., a provider of complete quantum cryptography solutions for data and communications, today announced it is attending RSA Conference 2023, April 24th 27th in San Francisco, USA. The company is inviting attendees to Booth N-5200 within the North Expo to see its TrUEQuantum-Secure Cryptography platform QiSpace in action, poweringuse cases for Enterprise and IoT Security. Visit the booth for daily demos, including a quantum-secure boot loader, data encryption, TLS, quantum entropy services, and more.

Recent advancements in quantum technology are shortening the timeframe to Y2Q the day bad actors will be in a position to break all current encryption using a quantum computer, said James Nguyen, Quantropi CEO and Co-Founder. This, combined with todays AI attacks should serve as an urgent wakeup call for public and private organizations to prepare now. QiSpace is the logical first step.

Uniquely capable of all three prerequisites for end-to-end quantum security Trust, Uncertainty, and Entropy only QiSpace provides TrUE quantum security. MASQ Quantropis novel PQC Trust offering provides quantum-secure asymmetric encryption for key exchange and digital signatures. QEEP Quantropis Uncertainty offering provides quantum-secure symmetric encryption thats up to 18 times faster than AES-256. And SEQUR Quantropis Entropy offering includes quantum entropy services and quantum key generation and digital distribution (Digital QKD).

With QiSpace, organizations can start transitioning immediately to post quantum security to protect their data, connected devices, and communications from today's AI attacks and tomorrows Y2Q threat, without having to sacrifice performance or make major investments in new technology or infrastructure.

To learn more visit and to book a meeting at RSAC 2023, visit quantropi.com.

About Quantropi, Inc.

A Canadian start-up founded in 2018 with a vision to defend Truth and Trust,Quantropiprovides quantum secure cryptography to protect data and communications. The companys next-generation technology works over todays Internet, enabling governments and enterprises to begin transitioning to post-quantum security with minimal investment in new hardware or infrastructure. The companys flagship QiSpace platform is uniquely capable of all three criteria for complete cryptographic integrity: Trust, Uncertainty, and Entropy or TrUE providing organizations, product managers, and application developers with quantum-secure cryptographic functions to protect data, networks, and systems. With 9 patents granted (10+ pending), 20+ peer-reviewed academic papers (includingSpringer,Nature,and others), Quantropi has implemented the first symmetric encryption on a quantum computer, quantum-secured commercial VPN & file sharing apps, holds a 2022 Deloitte Fast 50 Technology Award, and is a NATO Approved Supplier, as well as a member of the Quantum Economic Development Consortium (QED-C).

Media ContactCompany Name: QuantropiContact Person: Caleb HarperEmail: Send EmailCountry: United StatesWebsite: http://www.otterpr.com

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Top Ethereum Altcoin Explodes 47% in One Week As Whales Send Millions of Tokens to Crypto Exchange – The Daily Hodl

April 19, 2023 | Author: admin

A couple of crypto whales unloaded millions of Arbitrum (ARB) after the popular Ethereum (ETH) scaling solution witnessed significant gains this week.

Blockchain tracker Lookonchain notes that the largest buyer of Arbitrum on its first day of listing back in March transferred a large stack of nearly 10,000 ARB, worth about $17 million, to top crypto exchange Binance a few days ago.

A separate ARB whale also transferred its entire Arbitrum bag, worth $18 million, to Binance on Friday, according to Lookonchain.

The whale with 11 million ARB ($18 million) transferred all ARB to Binance

The buying cost was $13.55 million and the average buying price was ~$1.24.

If he sells at $1.64, he will make a profit of $4.54 million, an ROI (return on investment) of 33%.

The 33rd-ranked crypto asset by market cap rallied from a seven-day low of $1.16 to a high of $1.71, marking gains of over 47%. ARB has slightly given up some of its gains and is trading for $1.63 at time of writing.

Arbitrum currently ranks fourth among all chains in terms of total value locked (TVL) with $2.27 billion, behind Ethereum, Tron (TRX) and BNB Smart Chain, according to the decentralized finance trackerDeFi Llama.

The TVL of a blockchain represents the total capital held within its smart contracts. The metricis calculated by multiplying the amount of collateral locked into the network by the current value of the assets.

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XRP Takes the Lead as South Korea Most Popular Altcoin – The Crypto Basic

April 19, 2023 | Author: admin

The asset has continued to attract immense attention from South Korean investors throughout this year.

XRP remains a favorite of the majority of crypto proponents across the globe, but recent trends suggest that South Korean investors have been more drawn to the asset. As a result, XRP has secured a comfortable position as the most popular asset in South Korea, based on trade volume this year.

This is according to data from Kaiko, a crypto market intelligence provider. Kaiko recently carried out an analysis of the top altcoins in the crypto markets based on their trading volumes since the beginning of 2023. The report took into account volumes across different exchanges, including Koreas four largest exchanges and Coinbase.

Data from the Kaiko report shows that XRPs trade volume on the four largest exchanges in South Korea has surged dramatically to an estimate of $16 billion since the start of the year. The figure represents more than three times the volume of Nano (XNO) and Dogecoin (DOGE) which respectively secure second and third positions.

In fact, XRPs trade volume on these exchanges is greater than the combined volume of the three assets that secure the second to the fourth positions. For context, the four biggest exchanges in South Korea are UpBit, Bithumb, Coinone and GOPAX.

Recall that XRP overtook Bitcoin in trade volume on these exchanges last month. The asset saw a 24-hour volume of over half a billion dollars on UpBit alone. This dramatic surge in XRP trade volume came on the heels of the assets price rally that began on March 21. The rally pumped an immense amount of demand into XRP.

Moreover, in a previous report, Kaiko asserted that the XRP rally was majorly driven by demand witnessed among Korean investors. However, the market data provider revealed that this demand came mostly from retail investors in South Korea, and not institutions.

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Besides the growing interest among Korean investors, whales across numerous jurisdictions have continued to accumulate XRP, especially in anticipation of a favorable ruling in the Ripple vs. SEC case. WhaleStats data shows that the top 100 whales on the Binance Smart Chain hold over 52.6 million XRP tokens valued at an estimate of $26.87 million.

Furthermore, a chart from CoinMetrics revealed that addresses holding at least 10,000 XRP tokens have more than doubled in number since the SEC lawsuit began, increasing from a figure below 120K in December 2020 to over 260K at present. Meanwhile, XRP is currently trading for $0.5168 as of press time, up 0.22% in the past 24 hours.

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After Arbitrums 50% rally, is Optimism (OP) next Layer 2 altcoin to explode? – FXStreet

April 19, 2023 | Author: admin

With Arbitrums ARB exploding in the last week, things are starting to heat up for altcoins, especially the Layer 2 tokens. With the decline in Bitcoin dominance and capital rotation, altcoins could start to surge soon.

Also read:Ethereum and altcoins gear up foraltseason with this move in Bitcoin dominance

A decline in Bitcoin dominance indicates that capital is moving away from BTC to other altcoins. In a way, it denotes a rotation of capital, aka profits, into other riskier assets. This is why the chart attached below shows a slow uptick in altcoin dominance.

BTC vs Altcoin dominance chart

In addition to the rise in altcoin dominance, investors should note that profits from Arbitrum have a high potential to rotate into other top Layer 2 tokens like Optimism and MATIC. So, the next section will take a look at Optimism price and what to expect from it.

Also read:Here are top three altcoin categories that are likely to pump the hardest in the 2023altseason

Optimism price is attempting to overcome a hurdle around $2.73 and is looking primed for a breakout. A decisive close above $2.73 is likely to open up a path for OP to rally to the next hurdle at the 61.8% Fibonacci retracement level at $3.21, which is where the altcoin formed a local top in February 2023.

Overcoming this level would propel Optimism price to the next critical level at $4.11. In total, this move would constitute a 51% gain from the current position at $2.70.

OP/USDT 1-day chart

A daily candlestick close below the $2.18 level will create a lower low and invalidate the bullish thesis for Optimism price. In such a case, OP could slide lower and tag the $1.76 support floor.

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.

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Trader Names One of His Highest Conviction Altcoin Plays, Says Crypto Markets Going Much Higher – The Daily Hodl

April 19, 2023 | Author: admin

A popular crypto analyst is detailing the fundamental reasons why a decentralized finance (DeFI) altcoin is one of his highest conviction plays for the next bull rally.

The pseudonymous analyst known as Credible Crypto tells his 339,000 followers that he has his radar locked on Convex Finance (CVX).

Convex Finance is a DeFi platform designed to allow users of stablecoin exchange Curve Finance to boost their rewards. Convex Finance gives liquidity providers on Curve various incentives and allows users to stake CVX, its native token.

Says the analyst,

CVX remains one of my highest conviction bets for this next bull wave and heres why:

Locking your CVX pays you out anywhere from 20-40% APR (annual percentage rate) in bi-monthly payments, and this percentage typically stays the same with rising prices. Meaning as your stack grows, youre earning these rates on the newer, higher value of your stack not the original principal investment.

To illustrate, I bought CVX at $5 and have been locking ever since. After one year of locking, I had earned over $7 per vlCVX (vote locked CVX)which translates to an APR of over 100% allowing me to recoup my entire initial investment in a year. CVX went on to 12x as well from my original investment price before the markets crashed

I plan to ride this on to new all time highs and ultimately sell when CVX trades in the triple digits.

PS. CVX currently trades at around $6. Nearly 80% of all CVX that will ever exist is in circulation of which a majority of that is locked in four-month increments. This means available supply is low.

As for the broader crypto markets, Credible believes that the asset class as a whole is gearing up for a burst to the upside.

Credible recently stated that hes expecting Bitcoin (BTC) to run to all-time highs much sooner than other market participants believe. The analyst is forecasting a market cycle peak sometime at the end of 2023.

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Top 10 Most Actively Traded Altcoins in the Last 24 Hours By … – Investing.com

April 19, 2023 | Author: admin

The global crypto market cap has fallen 0.66% over the last 24 hours according to CoinMarketCap. As a result, the total crypto market cap is estimated to be around $1.26 trillion at press time. This comes after there has been a 6.33% increase in the total crypto market trading volume recently taking the total volume to approximately $43.63 billion.

In the past day, Arbitrum (ARB), Rocket Pool (NASDAQ:POOL) (RPL), Avalanche (AVAX), Solana (SOL), Injective (INJ), Stargate Finance (STG), Dogecoin (DOGE), Audius (AUDIO), Solar (SXP) and Litecoin (LTC) have seen a notable amount of trading activity.

At press time, ARBs price stands at $1.7847 after a 24-hour gain of 8.71%. The altcoin has also strengthened against the market leaders Bitcoin (BTC) and Ethereum (ETH) by 10.39% and 9.36% respectively.

Daily chart for ARB/USDT (Source: TradingView)

ARBs trading volume in the last 24 hours is estimated to be around $1,098,450,122, which is a 2.59% increase in ARBs daily trading volume. Furthermore, ARBs price is currently trading at its 24-hour high, with its daily low sitting at $1.60.

Read Also: Arbitrum (ARB) Price Prediction 2023-2030

RPL was not able to print a 24-hour gain and is currently down 11.56%. As a result, RPLs price stands at $55.67 at press time. In addition to weakening against the U.S. Dollar, RPL also weakened against BTC and ETH by 10.33% and 11.29% respectively.

Daily chart for RPL/USDT (Source: TradingView)

RPLs trading volume has fallen 19.05% over the last 24 hours. Nevertheless, the altcoins daily trading volume still stands at $42,714,573 at press time. The crypto is also trading near its 24-hour low of $52.21, with its daily high standing at $61.06.

Read Also: Rocket Pool (RPL) Price Prediction 2023-2030

Similar to ARB, AVAXs price was also able to rise over the last 24 hours. Currently, the altcoin is trading at $21.41 after a 24-hour gain of 1.24%. AVAXs daily trading volume is slightly up by 1.25% in the last 24 hours as well, taking the total 24-hour trading volume to $410,791,383.

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Daily chart for AVAX/USDT (Source: TradingView)

AVAX also strengthened against BTC and ETH by 2.62% and 1.54% respectively. As a result, 1 AVAX is worth approximately 0.0007158 BTC and 0.01011 ETH. AVAX is also trading just below its 24-hour high of $21.20 at press time.

Read Also: Avalanche (AVAX) Price Prediction 2023-2030

SOLs daily trading volume has dropped significantly over the last 24 hours. Currently, the daily trading volume for SOL is estimated to be $591,618,958, which is a 14.78% decrease over the last 24 hours.

Daily chart for SOL/USDT (Source: TradingView)

The majority of SOLs trading volume in the last 24 hours took place on centralized exchanges, with approximately $591,266,647 worth of SOL being traded on centralized exchanges. Furthermore, SOL is trading between its 24-hour low of $24.10 and its daily high of $25.52 at press time.

Read Also: Solana (SOL) Price Prediction 2023-2030

INJs trading volume over the last 24 hours has increased by an astonishing 23.98%. This takes the total daily trading volume for the altcoin to $254,893,668 at press time. It seems that there was more sell volume than buy volume for INJ over the past day, given that INJs price is down 0.91% to trade at $9.253 at press time.

Daily chart for INJ/USDT (Source: TradingView)

INJ was able to strengthen against the leading crypto, Bitcoin (BTC), by 0.18%. Unfortunately, it weakened against the leading altcoin Ethereum (ETH) by 0.76% over the same time period. INJs price is currently trading near its 24-hour low of $8.86.

Read Also: Injective (INJ) Price Prediction 2023-2030

STGs trading volume has also surged in the last 24 hours. According to CoinMarketCap, the daily trading volume for STG is around $50,001,805 at press time, which is an impressive 42.47% increase in STGs 24-hour trading volume.

Daily chart for STG/USDT (Source: TradingView)

STG is currently trading at $0.8905 at press time after experiencing a price drop of 3.79% over the last 24 hours. The altcoin also weakened against BTC and ETH by 2.61% and 3.53%. The altcoins price also set a 24-hour low of $0.8868 and a daily high of $0.9662.

The largest altcoin in terms of market cap experienced a surge in its 24-hour trading volume over the last 24 hours. At press time, the daily trading volume for DOGE is estimated to be around $1,428,950,975, which is a whopping 142.81% increase in the altcoins trading volume.

Daily chart for DOGE/USDT (Source: TradingView)

This trading volume has had a positive impact on DOGEs price as the meme coins price is up 3.97% over the last 24 hours. DOGEs price has also strengthened against BTC and ETH by 4.76% and 3.7% respectively. As a result, DOGEs price stands at $0.09285 at press time.

Read Also: Dogecoin (DOGE) Price Prediction 2023-2030

AUDIOs trading volume dropped a reasonable amount over the last 24 hours. At press time, the daily trading volume for AUDIO is estimated to be around $157,761,358, which is a 31.12% drop in the altcoins total daily trading volume.

Daily chart for AUDIO/USDT (Source: TradingView)

As a result of the recent trading volume, AUDIOs price currently stands at $0.3704, which is a 1.80% drop over the last 24 hours. Furthermore, AUDIO weakened against BTC and ETH by 1.06% and 2.09% respectively over the last 24 hours.

SXPs daily trading volume dropped 36.31% over the last 24 hours. As a result, SXPs total daily trading volume stands at around $53,874,601 at press time. This trading volume has negatively impacted the atlcoins price, as SXPs price is currently down 1.38% and trading at $0.6415 at press time.

Daily chart for SXP/USDT (Source: TradingView)

Furthermore, SXP is down 0.64% against BTC and 1.75% against ETH. As a result, 1 SXP is currently worth 0.00002148 BTC and 0.0003032 ETH. The altcoin is, however, trading close to its 24-hour high of $0.6419, which suggests that SXPs recent drop in price may be nothing more than a retracement from traders taking profit.

The price of LTC was able to rise 3.40% over the last 24 hours despite the altcoins 24-hour trading volume dropping during the same time period. Currently, LTC is trading at $101.86 after a 3.41% increase over the last 24 hours.

Daily chart for LTC/USDT (Source: TradingView)

Meanwhile, the altcoins daily trading volume stands at $732,362,742 at press time, which is a 17.78% drop over the last 24 hours. LTCs price is also trading very close to its 24-hour high of $102.63, with its daily low sitting at around $98.11 at press time.

Read Also: Litecoin (LTC) Price Prediction 2023-2030

Disclaimer: The views and opinions, as well as all the information shared in this price analysis, are published in good faith. Readers must do their own research and due diligence. Any action taken by the reader is strictly at their own risk. Coin Edition and its affiliates will not be held liable for any direct or indirect damage or loss.

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