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Crypto Prune > Market > The new ASIC caused cryptocurrency prices to 30%
Market

The new ASIC caused cryptocurrency prices to 30%

8 months ago 2 Min Read

According to TrainingView data, Aléo Cryptocurrency rose 30% in one day and four hours. The price increase may be related to the launch of ICERIVER ASIC AE3 on June 30, 2025.

ALEEO (ALEO) received a huge 30% increase in price After entering commercial volumes of over $13 million Since July 2, 2025, before that entry, the cryptocurrency price was around $0.2. Currently, its price is around $0.24 per currency, after falling about 5% from its highest point.

According to data from CoinmarketCap, Aleo has a market capitalization of just $100 million. This explains the considerable upward volatility of cryptocurrencies.

As reported by Cryptonotics, Icerever’s ASIC AE3 offers 720 mh/s (megaha) computational power (hash rate) with 1,000 watts of electricity consumption, reaching energy efficiency of over 1,667 j/mH (joules per megaha).

At the time of writing, This ASIC generates profitability of over $30 per dayexceeding $0.18 on June 27th. Only the Bitmain S21E XP HYD 3U model exceeds the profitability of the ICERIVER AE3, achieving profitability of $41 each day.

ALEO is a cryptocurrency network that uses the ZKSNARK algorithm. This is a zero knowledge test-based protocol that privileges the privacy of chain transactions.

Also, as reported in Cryptootics, Aleeo has historically allowed profitable mining on GPUs (graphic processing units), a more powerful and work-specific mine cryptocurrency that was discontinued after the arrival of ASIC equipment.

As of November 22, 2024, the data reflects a net profit of $0.86. However, today it does not appear in the WhatTomine GPU profitability rankings.

See also  Intellistake and PowerBank are collaborating with the Bitcoin Treasury for their RWA tokenization strategy
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