COAI (ChainOpera AI) fell 32.06% in the last 24 hours.

Gate News Bot news, on October 31, according to CoinMarketCap, as of the time of writing, COAI (ChainOpera AI) is currently priced at $2.25, falling 32.06% in the last 24 hours, with a high of $25.12 and a low of $1.87. The current market capitalization is approximately $423 million, a decrease of $199 million compared to yesterday.

ChainOpera AI is a collaborative intelligent ecosystem based on artificial intelligence and blockchain technology. Its core products include the Super AI Agent application, the AI Agent social network, and the Agent developer platform. The platform aims to connect users, developers, and computing resources to create a decentralized AI economy. ChainOpera's infrastructure includes a distributed GPU network, a federated learning framework, and an AI-native blockchain. The project is led by AI and blockchain experts from the University of Southern California and has the support of several well-known investors.

Important news about COAI recently:

1️⃣ Price continues to fall, market capitalization has shrunk significantly The price of COAI has experienced a significant correction over the past week. It has fallen from a high of $21.63 on October 24 to the current $2.25, a decline of 89.6%. This sharp correction has caused the market capitalization of COAI to plummet from $4.066 billion to $423 million, reflecting a drastic shift in market sentiment, with investors' attitudes towards COAI shifting from previously high optimism to extreme caution.

2️⃣ Trading activity remains high, market divergence intensifies Despite a significant price correction, COAI's 24-hour trading volume remains at a high level. This indicates that the market's interest in COAI is still strong, but it also means that price fluctuations may continue to intensify in the short term. High trading volume reflects a substantial divergence among market participants regarding COAI's future trends.

3️⃣ The development of the ecosystem and price performance are severely diverging The ChainOpera AI project maintains a strong ranking and user base on the BNB Smart Chain. The project ranks first in the AI category and second across the entire chain in DApp Bay, with over 3 million users and more than 100,000 developers. However, these positive ecosystem indicators starkly contrast with the recent price performance of COAI, highlighting a significant disconnect between short-term market sentiment and the project's long-term development.

From a technical perspective, the price of COAI has fallen below several important support levels, and may face further adjustment pressure in the short term. However, considering the project's ongoing development and the solid user base, long-term investors may closely monitor changes in market sentiment to seek potential entry opportunities. Investors should continuously pay attention to the project's actual progress, user growth, and overall market trends, and cautiously assess investment risks.

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