io.net

Million

Coin

The io.net price plunged 9% in the last 24 hours <a style="background-color: var(--bs-body-bg); font-family: var(--bs-body-font-family); font-size: var(--bs-body-font-size); font-weight: var(--bs-body-font-weight); text-align: var(--bs-body-text-align);" href="https://www.geckoterminal.com/solana/pools/7LqWsmXDVyPd5xn4RZD61NRufcegy1ZN7PdM1c9TdaNf" rel="noopener noreferrer nofollow">to trade at $4.05</a> as of 04:12 a.m. EST on trading volume that skyrocketed to $1.1 billion.
This follows the recent launch of the token on <a href="https://cryptocodes.care/b_Binance_65777" rel="noopener noreferrer nofollow">Binance</a> and other cryptocurrency exchanges. The price retracement may have stemmed from controversy surrounding the project’s leadership, which caused the resignation of CEO Ahmad Shadid before the launch.
The company’s co-founder, Tory Green, has been appointed as the new CEO.
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 I am honored to step into the role of CEO for <a href="https://t.co/OigQQimgcD" rel="noopener noreferrer nofollow">https://t.co/OigQQimgcD</a>, effective immediately.
 Under <a href="https://twitter.com/shadid_io?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">@shadid_io</a> 's leadership, <a href="https://t.co/OigQQimgcD" rel="noopener noreferrer nofollow">https://t.co/OigQQimgcD</a> has grown into one of the fastest growing AI companies in the world.
 Going forward, we will continue to execute on the vision… <a href="https://t.co/12vRHJTMRG" rel="noopener noreferrer nofollow">https://t.co/12vRHJTMRG</a>
 — tory.io 🦾 (@MTorygreen) <a href="https://twitter.com/MTorygreen/status/1799779461665263983?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">June 9, 2024</a>
</blockquote>
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The project aims to offer AI Compute-as-a-Currency by combining the computing power of GPUs stored with different storage service providers, hence creating a decentralized physical infrastructure network (<a href="https://insidebitcoins.com/buy-cryptocurrency/depin-coins" rel="noopener noreferrer nofollow">DePIN</a>).
After the launch, IO soared to an all-time high (ATH) price of $4.55. The price fluctuations after this surge have been within a symmetrical triangle pattern. The bulls are capitalizing on the $3.6 support to push the token toward the upper boundary of the triangle, according to data from <a href="https://www.geckoterminal.com/solana/pools/7LqWsmXDVyPd5xn4RZD61NRufcegy1ZN7PdM1c9TdaNf" rel="noopener noreferrer nofollow">GeckoTerminal</a>.
<h2 id="span-style-font-weight-400-io-net-price-prediction-bulls-target-a-new-ath-over-the-4-55-resistance-span">io.net Price Prediction: Bulls Target A New ATH Over The $4.55 Resistance</h2>
<figure id="attachment_535345" aria-describedby="caption-attachment-535345" style="width: 100%" class="wp-caption alignnone"><img decoding="async" class="size-full wp-image-535345" src="https://insidebitcoins.com/wp-content/uploads/2024/06/IO_2024-06-12_11-12-12.png" alt="io.net Price Chart Analysis Source: GeckoTerminal.com" width="1113" height="488" srcset="https://insidebitcoins.com/wp-content/uploads/2024/06/IO_2024-06-12_11-12-12.png 1113w, https://insidebitcoins.com/wp-content/uploads/2024/06/IO_2024-06-12_11-12-12-300x132.png 300w, https://insidebitcoins.com/wp-content/uploads/2024/06/IO_2024-06-12_11-12-12-1024x449.png 1024w, https://insidebitcoins.com/wp-content/uploads/2024/06/IO_2024-06-12_11-12-12-768x337.png 768w" sizes="(max-width: 1113px) 100vw, 1113px">
 <figcaption id="caption-attachment-535345" class="wp-caption-text">
 IOUSD Chart Analysis
 </figcaption>
</figure>
The io.net price still trades above the 50-day Simple Moving Average (SMA), which acts as the critical support level of around $4.0.
Moreover, the Relative Strength Index (RSI) is moving up from the 50-midline level as it hurtles towards the 70-overbought region, currently trading at 54. The RSI indicates that IO is currently in equilibrium but with signs of a bullish trend, crossing above 50.
The Moving Average Convergence Divergence (MACD) line (blue) crosses above the signal line (orange), which forms a bullish crossover. A bullish crossover encourages investors to buy more, which could push the token to a higher price.
The io.net price analysis on the 15-minute chart indicates a bullish bias, with the bulls aiming for a new ATH at $5.0, after breaching the exact resistance level at $4.55.
However, in an inverse scenario, if the bears push IO below the $4.0 critical support, the bulls could retreat to the support zone around $3.54.
Meanwhile, other traders are shifting to an AI meme coin called WienerAI, a new dog-themed token that has already raised over $5.4 million in presale.
<h2 id="span-style-font-weight-400-wienerai-surges-past-5-4-million-span">WienerAI Surges Past $5.4 Million</h2>
<a href="https://insidebitcoins.com/visit/wienerai" rel="noopener noreferrer nofollow">WienerAI (WAI)</a> combines two of the hottest niches in crypto: AI and meme coins. The AI part of the equation involves an innovative trading bot that uses predictive technology and a user-friendly interface to give token holders advice on when to buy and sell crypto.
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 More than just a bot–WienerAI is your ultimate crypto trading companion.
 We're delighted to share some sneak peeks with our incredible and supportive community. (1/4) <a href="https://t.co/kR8ypeJycj" rel="noopener noreferrer nofollow">pic.twitter.com/kR8ypeJycj</a>
 — WienerAI (@WienerDogAI) <a href="https://twitter.com/WienerDogAI/status/1800560901088809124?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">June 11, 2024</a>
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WienerAI is not dissimilar to another recent token launch by the name of Scotty the AI (SCOTTY), which garnered over $10 million in its presale.
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 Join the sausage army!! 🌭🌭
 We are growing fast 💪 <a href="https://t.co/OnfAlIXSyz" rel="noopener noreferrer nofollow">pic.twitter.com/OnfAlIXSyz</a>
 — WienerAI (@WienerDogAI) <a href="https://twitter.com/WienerDogAI/status/1799847104980177320?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">June 9, 2024</a>
</blockquote>
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The WAI project allows holders to earn passively through its <a href="https://insidebitcoins.com/visit/wienerai" rel="noopener noreferrer nofollow">staking function</a>, which provides an annual percentage yield (APY) of 205%.
According to 99Bitcoins, a crypto channel on YouTube, $WAI could potentially soar 100X after its launch.
<iframe title="THE NEXT 100X AI PRESALE CRYPTO GEM!! New Presale to BUY NOW!!" width="640" height="360" src="https://www.youtube.com/embed/dX2VKBUpXh8?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen></iframe>
You can be part of the presale by buying WAI tokens for $0.000717 each. But hurry as the price will increase in about seven hours.
<a href="https://insidebitcoins.com/visit/wienerai" rel="noopener noreferrer nofollow">Buy WAI tokens on the official website here</a> using ETH, BNB, USDT, or a bank card.
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io.net Price Prediction: IO Plunges 9% As This AI Meme Coin Hurtles Towards $6 Million

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