PHA (Phala Network) rose 12.28% in the last 24 hours.

Gate News Bot news, on August 22, according to CoinMarketCap data, as of the time of writing, PHA (Phala Network) is currently priced at 0.13 USD, with a rise of 12.28% in the last 24 hours, reaching a high of 0.13 USD and a low of 0.10 USD. The current market capitalization is approximately 101 million USD, an increase of 11.1 million USD compared to yesterday.

Phala Network is an AI cloud computing platform focused on privacy protection. It offers hardware secure computing based on Trusted Execution Environment (TEE), capable of deploying enterprise-level privacy-protected AI models within minutes. Phala aims to build AI systems that people can trust, enhancing user confidence in AI through verifiable security, thus enabling use cases such as sensitive data processing and gaining a competitive advantage in the market.

Important news about PHA recently:

1️⃣ Privacy AI technology attracts market attention Phala Network, as a new privacy AI cloud platform, is attracting more and more investors' attention due to its unique technological advantages. The platform can deploy AI models with enterprise-level privacy protection in just a few minutes, which is particularly important in the context of the rapid development of AI, driving the rise of PHA prices.

2️⃣ Hardware Security Computing Environment Recognized The hardware-secure GPU servers provided by Phala Network enable instant, private AI computation, which enhances computing efficiency while ensuring data security. The market has shown strong interest in this solution that balances privacy and performance, becoming one of the important factors driving the rise in PHA prices.

3️⃣ The potential of a comprehensive privacy computing platform is enormous Phala Network not only focuses on the AI field but also provides comprehensive privacy computing services, including a confidential virtual machine. This diversified product layout enhances the project's application scenarios and long-term development potential, bringing more market confidence to PHA.

From a technical perspective, PHA has maintained its strength after breaking through the $0.12 mark and may test higher price levels in the short term. However, investors should remain cautious of potential correction risks and are advised to closely monitor market changes.

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