ASM (Assemble AI) rose 10.65% in the last 24 hours.

Gate News Bot message, August 18, according to CoinMarketCap data, as of the time of writing, ASM (Assemble AI) is currently priced at $0.02144607, having risen 10.65% in the last 24 hours, with a high of $0.02497836 and a low of $0.01934811. The 24-hour volume reached $5.39 million. The current market capitalization is approximately $32.2 million, having increased by $3.1 million compared to yesterday.

Assemble AI's AI agent News3(NS3) aims to revolutionize the Web 3.0 news industry. NS3 quickly and clearly conveys cryptocurrency and global economic trends, leveraging advanced AI reasoning capabilities to analyze these trends, enabling market participants to make data-driven decisions. NS3 specifically utilizes OpenAI's latest reasoning model as its core engine to analyze cryptocurrency and economic trends, providing various insights including market psychology, historical case analysis, future predictions, chain reactions, and investment strategies, supporting 16 languages.

Important recent news about ASM:

1️⃣ Altcoin season expectations boost The market expects a significant altcoin season in September. Bitcoin's market share has dropped from 65% to 59%, with early signs of funds rotating towards altcoins. This trend may bring more attention and capital inflows to small-cap cryptocurrencies, including ASM.

2️⃣ The Application Prospects of AI Technology in Cryptocurrency Analysis ASM, as a project focused on the application of AI technology in the cryptocurrency field, utilizes its core product NS3 to analyze market trends with the latest inference models from OpenAI. As the importance of AI technology in financial analysis becomes increasingly prominent, ASM's technological advantages may attract more investor attention.

3️⃣ Improvement in market liquidity expectations Despite the current altcoin season index being only 40, well below the threshold of 75, the market remains optimistic about future liquidity improvement. The enhancement of liquidity may provide a better trading environment for small market capitalization tokens like ASM, which is beneficial for price development.

From a technical perspective, ASM has recently shown a clear pump trend, with a rise of over 10% in the last 24 hours, indicating strong upward momentum. However, investors should remain vigilant about potential pullback risks and closely monitor the overall market trends and the project's own development.

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