SQD (Subsquid) has risen 39.80% in the last 24 hours.

Gate News Bot news, September 26, according to CoinMarketCap data, as of the time of writing, SQD (Subsquid) is currently priced at 0.10 USD, with a 39.80% rise in the last 24 hours, reaching a high of 0.11 USD and a low of 0.07 USD. The current market capitalization is approximately 76.5 million USD, an increase of 2.18 million USD compared to yesterday.

Subsquid is the first emerging open database network. Anyone, AI agents, or businesses can access PB-level data using the $SQD token without permission. $SQD aims to incentivize enthusiasts, developers, and institutions to participate through an innovative reward system. The project includes a deflationary mechanism, with a portion of protocol revenue used to reduce supply over time. $SQD is designed to capture protocol revenue and network adoption, ensuring that token holders benefit from the growth and increased use of the platform.

Important news about SQD recently:

1️⃣ German listed company acquires SQD tokens Heidelberger Beteiligungsholding AG, a German listed company, announced the beginning of its acquisition of SQD tokens and plans to rename itself to SQD AI Strategies AG. This move demonstrates the recognition of the SQD project by traditional financial institutions, which is expected to enhance market confidence and drive the SQD price rise.

2️⃣ SQD Secures Millions in Investment SQD has successfully secured millions of dollars in funding, aiming to lead the rapidly growing AI agency market. This investment not only provides SQD with ample development funds but also highlights investors' optimism about its potential in the AI data services sector, which could be a key factor driving SQD's price rise.

3️⃣ Continuous Development in AI Data Services Field As an open database network providing data services for AI agents, SQD occupies an important position in the rapidly growing AI market. With the continuous advancement of AI technology and the expansion of its application scope, SQD's value proposition may receive more recognition, which could be a long-term factor supporting its recent price rise.

From a technical perspective, SQD has broken through the $0.10 threshold, demonstrating strong upward momentum. However, investors should still pay attention to the potential resistance level around $0.11.

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