đ What is Codatta (XNY)
Codatta is a decentralized protocol that aims to transform raw data into tokenized assets: contributors can earn royalties when their datasets are used by AI or other projects.
The XNY token is the native utility token used in Codattaâs ecosystem to power functions and incentivize participation.
đ Recent Price & Market Snapshot
As of now, XNY is trading around **USD â 0.0059 ** per token.
Circulating supply is ~2.5 billion XNY (out of a max of 10 billion).
Market capitalization is modest (in the low millions USD), making XNY a low-cap / high-risk altcoin.
đ Recent Price Action & Technical Context
According to recent analysis, XNY has experienced a strong downtrend: over the last 7 days, it dropped roughly -20.5%, and over 30 days about -40.5%.
On the technical side: price is below key moving averages (7-day & 30-day), the RSI suggests oversold conditions (RSI-7 around 27), but MACD still indicates bearish momentum.
support seems weak: thereâs no strong support zone until around â USD 0.0038, which could mean downside risk of further drop if the sentiment remains weak.
â ïž Whatâs Working & Whatâs Risky
What might support potential rebound / interest
The core concept â tokenizing data for AI / data-marketplace use â is interesting and potentially forward-looking.
Periodic events / ecosystem updates in Codatta (e.g. token claims, rewards programs) could revive interest / liquidity.
Risks / Weaknesses
High volatility and poor liquidity, which increases risk â price swings have been steep.
As a small-cap altcoin, subject to broader ârisk-offâ attitudes in crypto market. If sentiment stays negative, XNY may struggle to recover.
Given huge total supply (max 10 billion), even full dilution makes for modest upside unless real adoption and demand pick up.
đ§ What to Watch Next / Outlook
Whether XNY can hold above the ~$0.0038 support â a breakdown could open path to deeper lows.
Any news or developments in Codattaâs data-royalty / AI-data marketplace ecosystem that could revive interest or real utility.
General crypto-market sentiment: as a speculative altcoin, broader risk-on or risk-off swings will strongly influence XNYâs moves.
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