COAI (ChainOpera AI) fell 9.94% in the last 24 hours.

Gate News Bot report, on October 30, according to CoinMarketCap, as of the time of writing, COAI (ChainOpera AI) is currently priced at 3.33 USD, falling by 9.94% within 24 hours, with a highest price of 25.12 USD and a lowest price of 2.55 USD. The 24-hour volume reached 126 million USD. The current market capitalization is approximately 626 million USD, a decrease of about 69.0478 million USD compared to yesterday.

ChainOpera AI is a collaborative intelligent AI agent network, co-created and owned by the community, supported by super AI applications, full-stack AI infrastructure, and AI-native blockchain. The project aims to build an AI social network by connecting users, developers, and computing resources, where each agent acts as a service endpoint. The ecosystem of ChainOpera AI includes AI terminal super applications, AI agent marketplace, AI agent social network, and multi-agent workflows.

Important news about COAI recently:

1️⃣ Price has significantly pulled back, and market capitalization has visibly shrunk The price of COAI has experienced a significant pullback over the past week. It has fallen from a high of $21.63 on October 24 to the current $3.33, a decrease of 84.6%. This sharp pullback has led to a dramatic drop in COAI's market capitalization from $4.066 billion to $626 million, reflecting a sudden shift in market sentiment, with investors' attitudes toward COAI turning from previously highly optimistic to cautious and even pessimistic.

2️⃣ Activity level remains high, volatility intensifies Despite a significant price correction, COAI's 24-hour volume remains at a high level of $126 million. This indicates that the market's attention on COAI is still relatively high, but it also means that price fluctuations may continue to intensify in the short term. High volume reflects, to some extent, the divergence among market participants regarding the future trend of COAI.

3️⃣ Divergence between ecosystem development and price performance The ChainOpera AI project maintains a strong ranking and user base on the BNB Smart Chain. It 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 metrics stand in stark contrast to the recent price performance of COAI, highlighting a possible 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 it may face further adjustment pressure in the short term. However, considering the project's ongoing development and the stability of its user base, long-term investors may view this pullback as a potential buying opportunity. Investors should closely monitor the project's actual progress, user growth, and overall market trends, weighing potential returns against risks.

This message does not constitute investment advice; investors should be aware of market volatility risks.