IO.net’s all-time high price is $5.22, achieved on June 12, 2024.
By 2024, IO’s price is forecasted to reach $6, with potential growth to $12.36 by 2025.
IO.net (IO) could surpass $100 by 2040, with a potential peak of $108.54.
Since OpenAI’s ChatGPT debuted in November 2022, the intrigue around generative AI and its applications has notably expanded into the cryptocurrency sector, seeking to blend AI with blockchain technology. As demand for AI and machine learning intensifies, there’s a notable shortfall in cloud GPU resources, estimated at two to three times the current global capacity.
To address this, crypto projects like io.net (IO) are emerging to decentralize compute resources, supporting the growing AI industry. Here, Coin Edition explores the prospects of io.net, including its price forecasts spanning from 2024 to 2030.
Table of contents
io.net (IO) Real Time Market Status
What is io.net?
io.net (IO) Price Analysis
io.net (IO) Price Analysis – Bollinger Bands
io.net (IO) Price Analysis – Relative Strength Index (RSI)
io.net (IO) Price Analysis – Moving Average Convergence Divergence
io.net (IO) Price Prediction 2024
io.net (IO) Price Prediction – Resistance and Support Levels
io.net (IO) Price Prediction 2025
io.net (IO) Price Prediction 2026
io.net (IO) Price Prediction 2027
io.net (IO) Price Prediction 2028
io.net (IO) Price Prediction 2029
io.net (IO) Price Prediction 2030
io.net (IO) Price Prediction 2040
Conclusion
FAQs
io.net (IO) Real Time Market Status
🪙 Name io.net 💱 Symbol IO 🏅 Rank #121 💲 Price $5.98547078656 📊 Price Change (1h) 0.57 % 📊 Price Change (24h) 47.45 % 📊 Price Change (7d) 33.01 % 💵 Market Cap $568619724.723 💸 Circulating Supply 95000000 IO 💰 Total Supply 800000000 IO
io.net (IO) is currently trading at $5.98547078656 and sits at number #121 on CoinMarketCap in terms of market capitalization. There are 95000000 IO coins currently in circulation, bringing the total market cap to $568619724.723.
Over the past 24 hours, io.net has increased by 47.45%. Looking at the last week, the coin is up by 33.01%.
What is io.net?
io.net is a decentralized GPU network that emerged at the intersection of cryptocurrency, AI, and decentralized physical infrastructure networks (DePIN). It harnesses underused computing resources to address the global shortage of GPUs. Since its inception in November 2023, io.net has integrated nearly 19,000 GPUs and over 6,000 CPUs, all of which have met the Proof of Compute criteria and are ready for use.
To expand its capabilities, io.net has also incorporated 2,000 GPUs from partner networks, such as Render Network and Filecoin. This initiative taps into idle computing power from data centers, cryptocurrency miners, and personal GPUs, significantly boosting available computing resources for AI and machine learning applications.
io.net (IO) Price Analysis
Analyzing prices is essential for predicting future cryptocurrency values. This article seIOnt focuses on IO’s immediate prospects, offering predictions and insights into its potential pricing from 2024 to 2030.
io.net (IO) Price Analysis – Bollinger Bands
The Bollinger Bands on the 15-minute chart for the IO cryptocurrency show a significant widening, indicating heightened market volatility. This divergence suggests that a substantial price movement could be imminent.
IO/USD 15-min Chart (Source: Tradingview )
Presently, the IO price is near the upper Bollinger Band, marked at 5.119. This band typically suggests an overbought condition that may lead to a potential reversal in price direction. On the flip side, the lower band is positioned at 3.6875. This band outlines the possible range for downward price movements, highlighting the volatility and trading opportunities within this range.
io.net (IO) Price Analysis – Relative Strength Index (RSI)
In the past 24 hours, IO has seen significant buying activity, indicated by a sharp increase in its Relative Strength Index (RSI). The RSI has reached an overbought level at press time, signaling that a price correction for IO could be imminent.
IO/USD 15-min Chart (Source: Tradingview )
The RSI’s downward trajectory also points to a possible emerging bearish trend within the IO market. Together, these indicators hint at critical upcoming shifts that investors need to monitor closely.
io.net (IO) Price Analysis – Moving Average Convergence Divergence
Currently, the MACD indicator for the IO token displays a reading of 0.2553, positioned above the signal line within the green zone, signaling a bullish short-term trend for the token. This positive MACD reading suggests that IO’s price momentum could remain strong, potentially avoiding immediate downward corrections.
IO/USD 15-min Chart (Source: Tradingview )
However, it’s noteworthy that there has been a noticeable decrease in the size of the histogram bars above the zero line. This shrinkage in the bars may indicate that the bullish momentum of the IO token is weakening, which could lead to a slowdown in its upward trajectory.
io.net (IO) Price Prediction 2024
The 15-minute chart indicates that the IO token is approaching a significant resistance level at $5.215. If the current upward trend continues, this resistance could be breached, potentially increasing IO’s market value.
IO/USD 15-min Chart (Source: Tradingview )
Moreover, the Awesome Oscillator suggests a strengthening bullish trend, highlighted by the expanding bars in the positive territory, which currently stand at 0.6734. This further confirms the robustness of the bullish momentum in IO’s trading activity.
io.net (IO) Price Prediction – Resistance and Support Levels
A comprehensive analysis of the IO token’s trading patterns indicates a pivotal moment, as it recently reached a new all-time high. Data from Coin Edition shows that the IO token has surpassed its resistance level of $5.261.
IO/USD 15-min Chart (Source: Tradingview )
The breakthrough above this threshold signals the potential for further gains, with the IO price possibly targeting the $6 mark soon. Conversely, the IO token might experience a price decline if it struggles to advance. In such a scenario, the token could find support at lower levels, possibly around $4.39, or even drop to deeper support levels at $3.538.
io.net (IO) Price Prediction 2025
Projections for 2025 suggest that IO’s price could drop to a low of $6.29. However, it could also climb to a high of $12.36. On average, IO is expected to maintain a trading price of around $8.02.
io.net (IO) Price Prediction 2026
In 2026, the momentum behind IO could slow as traders likely take profits from previous gains. This could lead to a decrease in its price to approximately $5.22.
io.net (IO) Price Prediction 2027
2027 might be challenging for IO as it could struggle to recover from its lows, primarily if the crypto bear market extends beyond a year. The price is projected to be around $3.538 by year’s end.
io.net (IO) Price Prediction 2028
A resurgence in IO’s market value is anticipated by 2028, potentially driven by strong community support. This could elevate the token’s price to an estimated $15.19.
io.net (IO) Price Prediction 2029
Continuing its upward trajectory, 2029 could be another bullish year for IO, particularly if AI coins gain traction. The price of IO could soar to $22.35 by the end of the year, with a base price of $18.22 and an average trading price likely hovering around $20.83.
io.net (IO) Price Prediction 2030
Looking ahead to 2030, IO’s price is expected to vary significantly, with the lowest forecast at $26.47 and a peak possible price of $32.98. The average trading price for the year is anticipated to be about $28.86.
io.net (IO) Price Prediction 2040
By 2040, IO’s valuation could dramatically increase, with its price expected to reach at least $103.50. The peak price for the year might climb to $108.54, with an average trading price around $106.33.
Conclusion
The trajectory of IO.net (IO) is characterized by significant fluctuations, mirroring the dynamic nature of the cryptocurrency market. As IO.net integrates AI and blockchain, it may revolutionize computing resource availability and efficiency.
The token’s value could vary widely with the network’s growth and technological advancements. Investors should closely watch market trends and technological developments to navigate these changes adeptly.
FAQs
What is io.net IO?
IO.net, launched in November 2023, is a decentralized GPU network that optimizes underused computing resources to tackle global GPU shortages.
How do you buy IO?
The simplest method to purchase io.net is through a reliable centralized exchange such as Binance, BitMart, Bitget, or KuCoin.
Is IO a good investment?
Coin Edition predicts that IO tokens could reach a high of $32.98 by 2030. Given its reliance on technological advancements as an AI-driven coin, investors are advised to invest cautiously and closely monitor developments to mitigate risks.
What is IO’s all-time high?
On June 12, 2024, io.net (IO) reached its peak price of $5.22.
Will IO reach $100?
The IO token is predicted to exceed $100 by 2040.
What is the maximum supply of IO?
IO has a circulating supply of 95,000,000 IO coins and a total supply of 800,000,000 IO.
Will IO surpass its current ATH?
The IO token is currently at its all-time high (ATH). Our analysis suggests that the IO price could continue to rise, reaching new levels soon.
What is the lowest price of IO?
The lowest price of IO is $3.31, according to CoinMarketcap’s data.
Who is the founder of IO?
Ahmad Shadid and Tory Green.
Which year was IO launched?
io.net was launched in 2024.
How do I store IO?
Store or use your io.net on Binance. After purchasing, you can keep it in your wallet or hold it in your Binance account. Alternatively, trade it for other cryptocurrencies or stake it on Binance Earn for passive income.
What will the price of IO be in 2024?
The price of IO is forecasted to hit the $6 zone in 2024.
What will the price of IO be in 2025?
There is a possibility of IO reaching a maximum value of $12.36 by 2025,
What will the price of IO be in 2026?
By 2026, IO’s valuation might ascend to a peak of $5.22.
What will the price of IO be in 2027?
Looking ahead to 2027, io.net is expected to achieve a maximum valuation of up to $3.538.
What will the price of IO be in 2028?
Our analysis projects that in 2028, the price of io.net could reach a maximum of $15.19.
What will the price of IO be in 2029?
Forecasts indicate that by 2029, io.net could have a maximum price point of $22.35.
What will the price of IO be in 2030?
Looking towards 2030, our analysis suggests the maximum value of the io.net token ascends to $32.98.
What will the price of IO be in 2040?
It is projected that io.net’s maximum valuation will hit an apex price of $108.54 by 2040.
The post IO.net (IO) Price Prediction 2024-2030: Will IO Price Hit $100 Soon? appeared first on Coin Edition.