XNY (Codatta) rose 8.68% in the last 24 hours.

Gate News Bot news, on August 26, according to CoinMarketCap data, as of the time of writing, XNY (Codatta) is currently priced at $0.01, with a rise of 8.68% in the last 24 hours, reaching a high of $0.01 and a low of $0.01. The current market capitalization is approximately $19 million, an increase of $1.52 million compared to yesterday.

Codatta is a project focused on the AI knowledge layer. It aims to transform knowledge into royalty-generating assets through experts, quality checks, decentralized technology, and secure data support. Codatta offers flexible payment options, including stablecoins, liquidity tokens, or royalty-based payments, adapting to different business models and deployment environments. The project also supports impact-based rewards, where contributors are compensated based on the impact of their knowledge in actual reasoning. Codatta's goal is to establish an open protocol that powers decentralized AI, converting knowledge into assets that generate royalties.

Important news about XNY recently:

1️⃣ Price volatility reflects changes in market sentiment XNY experienced significant price fluctuations over the past week. On August 19, XNY saw a single-day drop of 14.96%, with a market capitalization decrease of approximately $6.2506 million compared to the previous day. However, in the latest data, XNY has risen by 8.68% within 24 hours, with a market capitalization increase of $1.52 million, reaching $19 million. This sharp price volatility reflects the market's changing sentiment towards XNY, possibly related to project developments or market expectations.

2️⃣ The concept of AI knowledge assetization continues to attract attention The Codatta project is committed to transforming AI knowledge into assets that can generate royalties, 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 ways for intellectual property protection and value realization in the AI field. This unique positioning may be one of the long-term driving factors behind the fluctuations in XNY prices.

3️⃣ Market capitalization rise shows project development potential The market capitalization of XNY has seen a significant rise in a short period, increasing from approximately $355,000 on August 19 to the current $19 million. This sharp rise may reflect investors' optimism about the future development prospects of the Codatta project, while also indicating that the project's potential value in the field of AI knowledge assetization is gaining more recognition.

From a technical perspective, XNY has recently experienced significant price fluctuations, demonstrating high volatility. Considering XNY's current market capitalization is relatively small, it may still face considerable price volatility risks in the future. Investors should closely monitor the project's actual progress and changes in market sentiment.

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