The $IO token, which fuels a decentralized GPU network, saw a dramatic surge in value by 28%, with a trading volume hitting $1.84 billion in just 24 hours 💥💹. This spike followed its recent listing on Binance, a major cryptocurrency exchange that dominates nearly half of the market 📈🌐.
IO.net, the platform behind the token, offers a blockchain solution to distribute GPU resources efficiently 🖥️🔗. It aggregates unused processing power from various sources, including data centers and individual GPUs, to bolster computing capabilities for AI and machine learning applications 🤖🧠.
The token’s market cap stands at over $400 million, ranking it as the 169th largest cryptocurrency 🏦💰. Since its Binance debut, the token’s price has soared, peaking at $6.50, although it’s currently considered slightly overbought with an RSI of 75 📊🚀. The market anticipates a correction as traders may start taking profits soon 🔜📉.
