PHA (Phala Network) rose 11.31% in the last 24 hours.

Gate News Bot news, August 20, according to CoinMarketCap market data, as of the time of writing, PHA (Phala Network) is currently priced at $0.12, with a rise of 11.31% in the last 24 hours, reaching a high of $0.12 and a low of $0.10. The current market capitalization is approximately $95.1 million, an increase of $9.67 million compared to yesterday.

Phala Network is a new type of privacy-focused AI cloud platform designed to build AI that people can trust. The platform provides a hardware-secure computing environment that can deploy enterprise-grade privacy-protecting AI models in minutes. Phala Network supports pre-configured secure AI models and offers hardware-secure GPU servers for instant, private AI computing. The platform also provides a comprehensive privacy computing platform for AI workloads, including confidential virtual machines and other services.

Important recent news about PHA:

1️⃣ Privacy AI technology attracts market attention Phala Network, as a new type of privacy AI cloud platform, is attracting the attention of more and more investors with 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.

2️⃣ Hardware Secure Computing Environment Recognized Phala Network provides hardware secure GPU servers for instant, private AI computing, a feature that 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 of PHA prices.

3️⃣ The potential of an all-encompassing privacy computing platform is enormous Phala Network not only focuses on the AI field but also provides comprehensive privacy computing services, including confidential virtual machines. 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 continues to maintain strength after breaking through the $0.12 mark and may test higher price levels in the short term. However, investors should remain vigilant regarding potential pullback risks and are advised to closely monitor market changes.

This message does not constitute investment advice, and investors should pay attention to market volatility risks.