NIL (Nillion) rose 17.61% in the last 24 hours

Gate News Bot news, on October 22, according to CoinMarketCap data, as of the time of writing, NIL (Nillion) is currently priced at $0.32, with a rise of 17.61% in the last 24 hours, reaching a high of $0.34 and a low of $0.24. The current market capitalization is approximately $83.4 million, with an increase of about $1.25 million compared to yesterday.

Nillion is a decentralized sensitive data trust platform, similar to how blockchain decentralizes transactions. The platform aims to provide a secure, robust, and controllable data processing foundation for emerging ecosystems such as personalized AI, decentralized trading, and identity. At its core, Nillion is a secure computing network that can serve as a confidential backend for other DePIN networks and lay the groundwork for diverse physical resource networks such as IoT, agriculture, or supply chains.

Important recent news about NIL:

1️⃣ NIL Foundation Launches Testnet The NIL Foundation recently launched a testnet aimed at addressing the scalability and sharding issues of the Ethereum network. The launch of the testnet demonstrates the Nillion team's ongoing efforts in technological development, which is expected to enhance network performance and attract more developers to participate in ecosystem construction.

2️⃣ “Blind Calculation” technology shows great potential The “blind computing” technology of the Nillion network shows great potential in the fields of data privacy and artificial intelligence. This innovative technology could bring groundbreaking progress in data privacy protection, especially against the backdrop of the increasing prevalence of AI applications, attracting widespread attention in the industry.

3️⃣ NIL token price performance rebounds after fluctuations The NIL token experienced a certain degree of pullback after its debut, reflecting the market's initial cautious attitude towards emerging projects. However, the recent price rebound indicates that investors maintain confidence in the long-term prospects of the Nillion project, driving the market capitalization rise.

From a technical perspective, NIL's current price has broken through recent resistance levels, indicating rising momentum. On the fundamental side, Nillion continues to promote technological innovation and ecosystem development, laying the foundation for long-term growth.

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