⇘ IO Coin Embarks On AI-Journey Amidst Market Uncertainties
The cryptocurrency market is witnessing an influx of AI-related altcoins and IO Coin is a key player. io.net and Injective have partnered to...
Despite a 20% slump on the day of its Binance launch, IO Coin (IO.net) has managed to maintain significant market interest with a 24-hour volume of 2 billion. However, the coin's price has experienced significant fluctuations, recording a 40% pump within a single day and reaching a value of $5.6. IO.net's AI token is particularly notable, garnering widespread attention for its role in facilitating AI development through a decentralized GPU network.
Multiple developments occurred towards the end of September 2024. IO Coin's CEO, Ahmad Shadid, unexpectedly resigned during preparations for the token launch, and a GPU metadata attack targeted the network. Despite these setbacks, the cryptocurrency rose again with a 51% surge.
Achieving further momentum, IO.net announced partnerships for the world-first proof-of-AI and added Apple chip support to its GPU-sourcing network. To boost liquidity, Binance launchpool also houses IO farming, and several major crypto exchanges, including Gate.io, MEXC, and Bitget have listed IO. Despite the bullish sentiment, a price forecast warns of a potential 15% drop in a week, suggesting investors are pivoting towards other AI meme coins with speculated 10X growth potential.
IO Coin News Analytics from Wed, 15 Nov 2023 08:00:00 GMT to Thu, 05 Sep 2024 13:42:59 GMT - Rating -2 - Innovation 7 - Information 1 - Rumor 3