io.net

Solana

Momentum

Gains

<ul> 
 <li>io.net (IO) hits a new all-time high of $6.45, up 70% in the past day.</li> 
 <li>IO’s daily trading volume surged 61% in 24 hours, reaching $1.81 billion.</li> 
</ul> 
Today, the price of io.net (IO) piqued 70%, hitting a new all-time high of $6.45. The Solana based, <a href="https://thenewscrypto.com/io-net-io-launches-on-binance-launchpool-as-55th-project/" target="_blank" rel="noreferrer noopener">Binance’s</a> 55th project IO initially displayed a 20% drop post-launch on Binance. However, io.net has now shown a strong rally, climbing to a market cap of over $558 million. 
<div class="wp-block-image"> 
 <figure class="aligncenter size-large">
 <img decoding="async" width="1024" height="517" src="https://thenewscrypto.com/wp-content/uploads/2024/06/image-61-1024x517.png" alt="" class="wp-image-100631" srcset="https://thenewscrypto.com/wp-content/uploads/2024/06/image-61-1024x517.png 1024w, https://thenewscrypto.com/wp-content/uploads/2024/06/image-61-300x151.png 300w, https://thenewscrypto.com/wp-content/uploads/2024/06/image-61-768x388.png 768w, https://thenewscrypto.com/wp-content/uploads/2024/06/image-61.png 1303w" sizes="(max-width: 1024px) 100vw, 1024px">
 <figcaption class="wp-element-caption">
 io.net (IO) Price Chart (Source: <a href="https://coinmarketcap.com/currencies/io-net/" target="_blank" rel="noreferrer noopener nofollow">CoinMarketCap</a>)
 </figcaption>
 </figure>
</div> 
At the time of writing, the price of IO stood at $5.93 and witnessed a 55% increase in intraday trading, as per CoinMarketCap data. The token’s surge is attributed to high transaction volumes and positive investor sentiment. io.net’s daily trading volume surged by 61%, reaching $1.81 billion in the last 24 hours.&nbsp; 
<h3 class="wp-block-heading" id="h-io-net-gains-momentum-with-binance">io.net Gains Momentum with Binance</h3> 
io.net is a Solana-based decentralized physical infrastructure network (DePIN) project that aims to provide AI <a href="https://thenewscrypto.com/io-net-collaborates-with-synesis-one-to-boost-ai-model-development/" target="_blank" rel="noreferrer noopener">compute-as-a-currency</a>, powered by the IO token. Further, this ecosystem offers extensive computing resources for users. 
The current price rally is boosted by IO’s listing on the prominent crypto exchanges like KuCoin and Binance. However, io.net promotes itself as the largest decentralized <a href="https://thenewscrypto.com/io-net-and-aethir-partner-to-expand-gpu-infrastructure-for-ai-computing/" target="_blank" rel="noreferrer noopener">computing network</a> globally, offering affordable, scalable clusters for machine learning engineers.&nbsp; 
Since its launch on June 11, IO has been in high demand, driven by market excitement and a maximum supply of 800 million IO tokens. Additionally, Solana users are actively purchasing IO. A trader spent 3,120 SOL to acquire 85,326 IO tokens, as per Lookonchain data.

io.net (IO) Soars to $6 ATH Driven by High Trading Activity

Table of Contents

TheNewsCrypto

Other articles published on Jun 13, 2024

Elon Musk Lauds Getting Majority Voting In $56B Pay Package From Tesla Shareholders

Fetch.AI Coin Shows Potential for Upward Movement

Decoding the Digital Doubloons: MoonBag's Presale Powerhouse Aiming At $1, ChainGPT's AI Alchemy,...

Bitcoin Stuck: Here Are 2 Things That Must Happen For BTC To Break $72,000

Ripple CTO Puzzles XRP Army with Enigmatic X Post: Details

MoonBag Crypto Performing Impressively in the Presale Stage While BitBot and Avalanche Struggle w...

Join our free newsletter for daily crypto updates!