- 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 | #119 |
| 💲 Price | $6.1160517602 |
| 📊 Price Change (1h) | 0.46 % |
| 📊 Price Change (24h) | 51.81 % |
| 📊 Price Change (7d) | 35.91 % |
| 💵 Market Cap | $581024917.219 |
| 💸 Circulating Supply | 95000000 IO |
| 💰 Total Supply | 800000000 IO |
io.net (IO) is currently trading at $6.1160517602 and sits at number #119 on CoinMarketCap in terms of market capitalization. There are 95000000 IO coins currently in circulation, bringing the total market cap to $581024917.219.
Over the past 24 hours, io.net has increased by 51.81%. Looking at the last week, the coin is up by 35.91%.
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
IO.net, launched in November 2023, is a decentralized GPU network that optimizes underused computing resources to tackle global GPU shortages.
The simplest method to purchase io.net is through a reliable centralized exchange such as Binance, BitMart, Bitget, or KuCoin.
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.
On June 12, 2024, io.net (IO) reached its peak price of $5.22.
The IO token is predicted to exceed $100 by 2040.
IO has a circulating supply of 95,000,000 IO coins and a total supply of 800,000,000 IO.
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.
The lowest price of IO is $3.31, according to CoinMarketcap’s data.
Ahmad Shadid and Tory Green.
io.net was launched in 2024.
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.
The price of IO is forecasted to hit the $6 zone in 2024.
There is a possibility of IO reaching a maximum value of $12.36 by 2025,
By 2026, IO’s valuation might ascend to a peak of $5.22.
Looking ahead to 2027, io.net is expected to achieve a maximum valuation of up to $3.538.
Our analysis projects that in 2028, the price of io.net could reach a maximum of $15.19.
Forecasts indicate that by 2029, io.net could have a maximum price point of $22.35.
Looking towards 2030, our analysis suggests the maximum value of the io.net token ascends to $32.98.
It is projected that io.net’s maximum valuation will hit an apex price of $108.54 by 2040.
Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.
