MAT (Matchain) has pumped 62.18% in the last 24 hours.

Gate News Bot news, August 12, according to CoinMarketCap, as of the time of publication, MAT (Matchain) is currently priced at $0.63, with a 24-hour rise of 62.18%, reaching a high of $0.72 and a low of $0.29. The current market capitalization is approximately $4.57 million, an increase of nearly $1.75 million compared to yesterday.

Matchain is a decentralized AI blockchain focused on data and identity sovereignty. It leverages advanced AI technology for data aggregation, analysis, and user profiling to enhance decentralized identity solutions and data management. Matchain aims to reshape the online economy, providing the ability to own, verify, and monetize data for Web2 and Web3.

Important news about MAT recently:

1️⃣ MAT token officially launched The native token MAT of the Matchain project has been officially issued and trading is now open. As the core token supporting the Matchain ecosystem, the launch of MAT has injected new momentum into the project's development, attracting the attention of a large number of investors and users.

2️⃣ The integration of AI technology and blockchain has sparked heated discussions in the market Matchain's unique AI-driven blockchain architecture has sparked widespread discussion in the industry. Its innovative solution for data processing and identity management using artificial intelligence technology is expected to bring breakthrough progress in the Web3 era, and this prospect has driven the rise in demand for MAT tokens.

3️⃣ The concept of data sovereignty is gaining popularity As data privacy and personal information protection receive increasing attention, the data sovereignty concept proposed by Matchain has garnered positive responses from the market. The project promises to provide users with data ownership and monetization capabilities, which aligns closely with current market demands and has become a significant factor driving the rise in MAT prices.

From a technical perspective, MAT has shown a significant rise breakthrough in the short term, with the price quickly climbing from a low of $0.29 to a high of $0.72, demonstrating strong upward momentum. However, such a rapid rise may also bring about the risk of a pullback, and investors need to closely monitor subsequent price trends and changes in trading volume.

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