SQD (Subsquid) has pumped 21.63% in the last 24 hours.

Gate News Bot news, on September 30, according to CoinMarketCap, as of the time of writing, SQD (Subsquid) is currently priced at 0.14 USD, with a rise of 21.63% in the last 24 hours, reaching a high of 0.27 USD and a low of 0.07 USD. The current market capitalization is approximately 115 million USD, an increase of 20.4 million USD compared to yesterday.

Subsquid is an open database network that provides data services for AI agents. It allows anyone, AI agents, or businesses to access PB-level data with SQD tokens without permission. The SQD token is designed to incentivize enthusiasts, developers, and institutions to participate through an innovative reward system. The platform includes a deflationary mechanism, revenue capture, and a sustainable reward system to ensure that node operators and delegators are compensated.

Recent important news about SQD:

1️⃣ Market enthusiasm significantly rises SQD has risen to third place in the cryptocurrency market heat ranking, with a 24-hour rise of up to 42.26%. This significant ranking increase reflects the strong interest of investors in the Subsquid project, becoming an important factor driving the recent price pump.

2️⃣ Price Fluctuations SQD has experienced significant price volatility in the past few days. On September 26, SQD saw a single-day rise of 39.80%, reaching a high of $0.11. It then experienced a significant correction, but is currently showing an upward trend again. Such large price fluctuations indicate a divergence in market valuation of SQD, which may lead to continued high volatility in the short term.

3️⃣ market capitalization rapid rise The market capitalization of SQD has seen significant rise in a short period, increasing from approximately $76.5 million on September 26 to $115 million, with a rise of over 50%. This rapid increase in market capitalization reflects a positive adjustment in market valuation of the SQD project, which may be related to improved investor sentiment or a reassessment of the project's fundamentals.

From a technical perspective, after SQD price broke through the previous high of $0.27, it has retraced and is currently stabilizing around $0.14. In the short term, investors should closely monitor whether $0.27 can become a new support level, as this may become a key position in determining the future market direction.

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