$IO is getting back to life slowly. Although needless to say that this token is tied to $BTC , it is interesting to watch the movement.
The coin is steadily reaching its next Support level of 3.7, but this level is vague. Next to it stands 3.9. And of it manages to hammer through 4.0, the next stop would be near 5.6.
On the flip side, if BTC movement goes barish, my estimates are that IO would hold around 3.5.
As I have said earlier, the coin has potential. Its support base is better than many, but one has to watch out for internal politics of IO.Net which would greatly affect its performance.
My word for you: Don’t jump into this, if you don’t have patience to hold till Nov, 24.
The future of $IO is no different from that of $NOT albeit in a better way.
The coin has tendency to go bullish one last time within a month’s timeframe, but this coin is for those who want to keep it for a longer duration (6-10 months).
If you are interested in long term (6-10 months), you can consider buying it. Read my article on same.
The $IO token, native to the io.net platform, recently launched on Binance through their Launchpool program. This launch highlights io.net’s innovative approach in utilizing underutilized GPU resources to provide decentralized AI computing power at a reduced cost compared to traditional cloud services. Built on the Solana blockchain, io.net offers significant computational capabilities essential for AI and machine learning tasks. Market Performance and Potential Since its listing on June 11, 2024, the IO token has shown promising performance. It initially traded at $3.78, giving it a fully diluted valuation (FDV) of approximately $3 billion. This valuation reflects the potential market confidence in io.net's business model and technological infrastructure. Key Factors Driving IO Token 1. Technological Edge: io.net leverages a network of over 21,000 GPUs, surpassing competitors like Render, which supports around 14,000 GPUs. This substantial GPU count positions io.net favourably within the decentralised AI computing space. 2. Strategic Partnerships: Collaborations with companies such as Aethir, Exabits, Hiveon, and Aurory enhance GPU accessibility and performance, supporting various applications including AI, gaming, and blockchain operations. 3. Utility and Staking: The IO token is used for transactions within the io.net ecosystem, including buying and selling GPU computing power. Additionally, it can be staked to enhance network security and earn rewards. Market Levels and Expectations Crypto analysts have drawn comparisons between io.net and similar projects like Render. Given the FDV of Render, which is around $4.6 billion, IO token's valuation could potentially rise to match or exceed this benchmark, possibly reaching around $5.75 per token if it mirrors Render's market cap. This suggests significant room for growth, especially if io.net's technological advantages and strategic initiatives continue to drive adoption and usage. Conclusion The IO token holds substantial promise due to its innovative approach, strong technological foundation, and strategic partnerships. While it has shown a positive start, future performance will depend on continued technological advancements and adoption within the AI and blockchain sectors. Investors should keep an eye on further developments and market dynamics to gauge its long-term potential.
$IO will hit around 5.20 in around 4 hours before making decisions for uptrend or downtrend. By this time the whales and sharks will also be awake to manipulate.
So, it’s the time for marking around 5% profit in short time. DYOR
$IO is the newly launched token. While most of us have already made a fortune with this one, new entrants need to be careful not to make medium or long term trades with this. Taking time on newly launched tokens is generally 10-30 minutes and depending upon the conditions one can extend to one hour but not beyond that. Caution must be exercise or you would weep like many others weeping on $NOT
Not every day, every week is a spot trading week. When the market is bearish, and the sharp declines are eminent, don’t go for spot purchasing for short term gains
For long term gains it’s the best time to jump into the market. But make sure to invest in the best coins as the market would be bullish to those coins and others would get flushed more.
Revisit the market for spot trading around 15-20 June which is expected time to rebounding.
Those who picked up the signal played wisely and took short positions to make fortune. Those who marked it as “routine business” lost bucks in anticipation of good turnover.
I don’t charge a dime to help others, because I have been through this and learned the hard way. I can only help you guys by promoting the results of analysis.
You can easily make 100USD by just starting off with 5USD. You need to:-
1. Search for the pumping token. 2. Use 10x leverage to gain just 2% increase. 3. Keep updating Stop Loss at appropriate noise margin. 4. Use 5m timeframe to monitor candles. 5. When the direction is reversed for the candle for 3 minutes, or Stop Loss hits, Exit 6. Don’t put the trade on same token for next 2 candles (10 minutes) 7. Don’t panic to reach the target. 8. Make a chart of daily targets and don’t go beyond the target.
If you have starting sum of *10USD* and you make mere 20% profit (2USD on day one) with futures trade everyday. Then within a month (20 days a month to exclude rainy days), how much your portfolio will be???🤔
Yes! Whopping 383 USD🔥🔥🔥
It’s more than 3800% increase❤️🔥
So why not to start small, stay consistent, and make money