Codatta (XNY) Price Prediction: Is the AI Token Ready for a Rebound?
2025-11-04
Codatta (XNY) is one of the interesting projects in the sectorBlockchain-based AI and Big Data, which has recently started to be widely discussed in the crypto community.
With a focus on collaborative data powered by AI and a network of human contributors, Codatta has great potential in building a new data economy in Web3.
However, recently the price of XNY has actually been under pressure. So, what's the...Codatta (XNY) price predictionNext? Let's discuss it in more depth.
What is Codatta (XNY)?
Codatta (XNY) is an open protocol, decentralized, and multi-chain which connects blockchain data infrastructure with a network of human contributors and specialized AI agents.
Through this ecosystem, users can contribute with data and knowledge, then get eternal royalties from AI innovation which utilizes the dataset.
This concept allowsanybody changetheir knowledge becomesdigital assets with long-term value. XNY token acts as the primary fuel of the ecosystem, used for staking, royalty payments, and participation in governance.
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Codatta (XNY) Price Performance
Based on the latest graph, the XNY price is currently trading at around $0.0046, down from level $0.0052 at the beginning of the trading session. This price movement indicates that there is still strong selling pressure in the market in the last 24 hours.
All-Time High (ATH): $0.02844
Comparison with ATH: Go down about 83.49%
All-Time Low (ATL): $0.002188
Comparison with ATL: Go up about 114.55%
Technically, the price of XNY looks sideways with a slight bearish bias, and is most likely in a consolidation phase before the next direction is formed.
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Codatta (XNY) Price Analysis
So, why did the value of the XNY token experience a significant decline? Here’s the Codatta (XNY) price analysis you need to pay attention to:
1. Selling Pressure from Derivative Products (Bearish Impact)
On August 13, Binance launched XNY/USDT perpetual contracts with 50x leverage. Normally, a launch like this would push the price up, but instead, XNY fell by around20%after launch.
The main cause is increased short selling activity, where traders use high leverage to suppress prices. Data shows negative funding rate (-0.0036%), indicating the dominance of short positions.
Things to note: If open interest (OI) on Binance Futures continues to increase, a bullish trend is likely.i short squeezecan memopen up opportunities for short-term rebounds.
2. Profit Taking Action After Extreme Rise (Mixed Impact)
Before the decline, the price of XNY had jumped 113% on August 12amidst the euphoria of the small-cap AI token rally. However, the price subsequently corrected to57%, indicating a profit-taking phase by retail traders.
With a daily trading volume of around$10.7 millionXNY's liquidity is still relatively low compared to the total crypto market ($217 billion). The 7-day RSI indicator is at25,75 (oversold), indicating potential for a technical rebound, although the bullish signal is not yet strong enough.
3. Weak Crypto Market Sentiment (Bearish Impact)
Fear & Greed Crypto Index on November 4th showed the figures27 (Extreme Fear), getting off the position 59 (Neutral) a month ago. Market capitalization is also leaning towards Bitcoin, withBTC Dominance rises to 60.2%, making capital flows into altcoins decline sharply.
Under these conditions, altcoins like XNY are more vulnerable to corrections. XNY's correlation with Bitcoin reached 0.84, meaning that BTC movements greatly affect the price of XNY. In the last 24 hours, XNY alsounderperformcompared to BTC (-3.4%) and ETH (-1.2%).
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Codatta (XNY) Price Prediction
Based on the technical and fundamental data above, the following are the Codatta (XNY) price prediction in some time period:
Short Term (1–2 Weeks)
Prices are likely to continue moving within the range $0.0044–$0.0055, with the potential for a small rebound if a short squeeze occurs or buying volume increases. However, selling pressure remains dominant, so XNY is likely to be bearish.
Medium Term (1–3 Months)
If the Codatta project manages to attract more contributors and the use of AI in its ecosystem increases, the price could rise to levels $0.007–$0.009. The main determining factor in this phase is recovery in global crypto market sentiment And Codatta community activities.
Long Term (6–12 Months)
With a clear roadmap and huge potential in the AI field, XNY has the potential to reach its peak level again.$0.015–$0.02 if the crypto market enters a new bullish phase. However, to break through ATH $0.02844, requires much greater adoption and trading volume.
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Conclusion
Codatta (XNY) is an innovative project that combinesAI, blockchain, and collaborative data to create a knowledge-based economic ecosystem.
Although the current price is under pressure at the $0.0046 level, the project's fundamentals are still strong and have the potential for long-term growth.
With extensive community support, a perpetual royalty mechanism, and the potential for global AI adoption,Codatta (XNY) price predictionIn the long term it remains positive, although the short term is still full of pressure from the market and derivative traders.
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FAQ
What is Codatta (XNY)?
Codatta (XNY) is a decentralized data protocol that combines blockchain, AI, and human contributions to create a data-driven perpetual royalty system.
What is the price of Codatta (XNY) today?
The current price of XNY is around$0.0046, down slightly in the last 24 hours.
Why is the price of Codatta (XNY) dropping?
The decline was caused by selling pressure from leveraged contracts, profit-taking, and weak crypto market sentiment.
Does XNY have long-term potential?
Yes, with a clear vision and a booming AI sector, XNY has positive long-term prospects.
Where can I buy Codatta (XNY) tokens?
You can buy XNY atI'm done, one of the official crypto platforms that supports trading of this token.
Disclaimer: The views expressed belong exclusively to the author and do not reflect the views of this platform. This platform and its affiliates disclaim any responsibility for the accuracy or suitability of the information provided. It is for informational purposes only and not intended as financial or investment advice.
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