CYBER (Cyber) rose 14.82% in 24 hours.

Gate News Bot news, July 16, according to CoinMarketCap market data, as of the time of writing, CYBER is currently priced at $1.74, with a rise of 14.82% in the last 24 hours, peaking at $1.88 and falling to a low of $1.21. The current market capitalization is approximately $79.7 million, an increase of $1.03 million compared to yesterday.

Cyber is an Ethereum Layer 2 solution focused on supporting Web3 social interactions. The Cyber network is a Layer 2 that introduces social primitives on-chain, aiming to create new connections, creations, and experiences of cryptocurrency for both humans and AI. Users can own, govern, and protect the Cyber ecosystem through the CYBER token. Cyber also offers Cyber.AI, a suite of AI tools tailored for cryptocurrency that can turn noise into signals and insights into actions. Additionally, Cyber has developed Surf, an AI cryptocurrency co-pilot that helps users make smarter and faster cryptocurrency decisions.

Important news about CYBER recently:

1️⃣ Cybersecurity field under spotlight King Mongkut's University of Technology Thonburi (KMUTT) and the Cyber Crime Investigation Bureau of Thailand (CCIB) jointly hosted a cybersecurity hackathon event called Cyber Warrior Hackathon. This indicates that the importance of cybersecurity in the cryptocurrency field is rising, which may have a positive impact on projects focused on Web3 social security such as CYBER.

2️⃣ Stablecoin giants participate in support The world's largest stablecoin issuer, Tether, announced its sponsorship of the Cyber Warrior Hackathon event. Tether's participation not only provides financial support for the event but also indirectly highlights the market's emphasis on cybersecurity and cryptocurrency-related technologies, which may bring more attention and development opportunities to projects like CYBER.

3️⃣ The industry ecosystem continues to improve The hosting of such cybersecurity hackathon events reflects that the cryptocurrency industry is continuously improving its ecosystem, particularly in terms of security and technological innovation. As a project focused on Web3 social and AI tools, CYBER is expected to benefit from this trend and may attract more developers and users to participate.

From a technical perspective, the significant rise of CYBER in the past 24 hours may be related to these positive factors. However, investors should remain cautious and closely monitor the long-term development of the project and the overall market trends.

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