While many major cryptocurrencies are facing drops in value, a smaller cryptocurrency called Subsquid, which helps store data for AI agents, has seen better performance than the overall market. The platform using zero-knowledge proofs had its main token rise to $0. 2385, which is an increase of over 180% in the last 24 hours.
Subsquid has been doing well recently, reaching its highest price ever at $0. 2865 On Friday, it seemed ready to aim for that high price again.
As the price went up, the amount of trading each day increased by over 900%, reaching more than $203 million.
Rally expects SQD’s price target to reach a new record high.
The SQD token recently rose to $0. 17, helped by a surge in other cryptocurrencies related to AI. But selling for profit caused it to drop below $0. 07 in September 25—falls that matched Bitcoin’s big drop to around $108,000.
On September The price went up a lot, probably because SQD. AI locked away more than 400 million SQD tokens.
The partnership with Chillwhales, a platform that helps people look at non-fungible tokens and supports creators, has shown that SQD is one of the best indexers. Chillwhales used The Graph to organize NFT data on LUKSO, but has now switched to using SQD.
Deutsche Telekom became part of Subsquid as a node, and Flare was one of the first platforms to use the data indexer.
According to Coinglass, the total amount of money in Subsquid has gone up to $62. 4
This shows that traders are feeling confident as interest in AI companies grows, boosted by investments in successful companies like Nvidia, Oracle, and OpenAI. The rise above $0. 23 means the SQD price is about 22% lower than its highest point ever.
