XNY (Codatta) fell 14.96% in the last 24 hours.

Gate News Bot news, August 19, according to CoinMarketCap data, as of the time of writing, XNY (Codatta) is currently priced at $0.01, down 14.96% in the last 24 hours, with a high of $0.03 and a low of $0.01. The current market capitalization is approximately $355,000, a decrease of about $6,250,600 compared to yesterday.

Codatta is a project focused on the AI knowledge layer, aiming to convert knowledge into royalty-generating assets. The platform is supported by experts, quality checks, decentralized technology, and secure data, allowing users to profit from their own data. Codatta's ecosystem includes knowledge providers, knowledge verifiers, and knowledge supporters, achieving privacy-protecting transparency through on-chain commitments, encrypted payloads, and hybrid storage technologies. The project plans to achieve data assetization and a royalty-based payment model by 2026, turning knowledge into an asset, where the AI team gets paid as it grows, and contributors earn profits as their data is utilized in practical applications.

Important recent news about XNY:

1️⃣ High market enthusiasm drives short-term price increase XNY ranked third in the popular cryptocurrency ranking on August 16, with a 24-hour increase of 30.77%, reflecting the market's high attention to the Codatta project. This surge in popularity indicates investors' optimism towards AI knowledge layer projects, providing short-term support for XNY's price.

2️⃣ Potential contract launch expectations trigger price fluctuations On August 13, XNY briefly rose by 20.16%, possibly related to market expectations that certain trading platforms will launch XNY perpetual contracts. This news triggered speculative demand from investors, leading to significant fluctuations in the price of XNY.

3️⃣ The concept of AI knowledge assetization continues to attract market attention The Codatta project is committed to transforming AI knowledge into royalty-generating assets, and this innovative model continues to attract market attention. By establishing a global network of knowledge contributors and a decentralized quality assurance mechanism, Codatta is paving new paths for intellectual property protection and value realization in the AI field, which may be one of the long-term driving factors behind the price fluctuations of XNY.

From a technical perspective, XNY has recently experienced significant price fluctuations. On August 12, XNY saw a single-day increase of 124.66%, followed by a correction. Currently, the price of XNY has retreated from its previous highs, dropping 14.96% within 24 hours, which may be a market correction after the rapid rise. Considering that XNY's current market capitalization is still relatively small, at only $355,000, it may still face considerable price volatility risks in the future.

This message is not to be taken as investment advice; investors should be aware of market volatility risks.