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- 🚀 ETH jumped to $4,600 this morning, up 8.69% in 24h!
Just shy of the $4,891 ATH—think it breaks through?
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CHAT (OpenChat) has pumped 5.00% in the last 24 hours.
Gate News Bot reported on August 13th, according to CoinMarketCap, as of the time of publication, CHAT (OpenChat) is currently priced at 0.15 USD, with a rise of 5.00% in the past 24 hours, reaching a high of 0.16 USD and a low of 0.13 USD. The current market capitalization is approximately 4.58 million USD, an increase of 218,200 USD compared to yesterday.
OpenChat is a community-owned chat application built for privacy, security, and anonymity. Users can send messages containing tokens such as BTC and ICP within the app. OpenChat is managed by its community as a DAO and has its own CHAT token. The CHAT token is distributed as rewards to users to accelerate rise and create millions of supporters, making OpenChat a viable challenger to centralized big tech competitors.
All data of OpenChat is 100% stored on the chain, and the product roadmap can only be decided, approved, and implemented by the community. Its source code is completely open, using reproducible and verifiable builds to ensure that what users approve is exactly what is running in practice. OpenChat is based on the Internet Computer protocol, which offers scalability, security, and reliability.
Important news about CHAT recently:
1️⃣ Sam Altman new project launches chat feature
The World Network project has added a chat feature aimed at connecting real human users. This move may pose competitive pressure on privacy chat applications like OpenChat, potentially affecting the market performance of the CHAT token.
2️⃣ Jack Dorsey supports the privacy chat application White Noise
Former Twitter CEO Jack Dorsey has publicly supported the new privacy chat application White Noise, while planning to launch his own app. This indicates intensified competition in the privacy chat space, which may impact OpenChat's market share and the value of the CHAT token.
3️⃣ EU chat control plan gains support, threatening encrypted communication
The EU supports a new chat control plan that may pose a threat to encrypted communications. This policy direction could have significant implications for privacy chat applications, including OpenChat, and subsequently impact the future development of the CHAT token.
Technical analysis shows that the CHAT token has experienced a significant rise in the past 24 hours, possibly related to these industry dynamics. However, considering the intensifying competition in the privacy chat sector and potential regulatory pressures, the future trend of the CHAT token remains uncertain.
This message is not an investment advice, and investors should be aware of market volatility risks.