As the cryptocurrency market experiences an upward trend, numerous alternative coins (altcoins) are seeing their values double. Notably, AIOZ Network’s cryptocurrency, AIOZ, has witnessed a remarkable surge, increasing over 540% in the past month, with its price hitting $0.07516. This raises the question: Is investing in AIOZ a wise decision? Is AIOZ crypto a good buy? In this article, we talk about what is AIOZ crypto and why AIOZ price is rising. Let’s take a look at this AIOZ price prediction article in more detail.
What is AIOZ Network (AIOZ) Crypto?
AIOZ is a network that helps share videos in a way that gives power to both the people who watch and those who create the videos. It changes good quality videos into digital money. On this platform, there’s a service where you can watch TV shows and movies by paying with AIOZ’s own digital coins, using a special AIOZ wallet.
The AIOZ Network is a special kind of content delivery network (CDN) that is spread out across many computers and is built on our unique Blockchain technology. In the AIOZ Network, people share extra computer memory, storage space, and internet speed to create a big CDN.
This CDN is strong enough to support video streaming services all over the world. Our goal is to change how videos are streamed globally.
To make this easier to understand, think about when you watch a video on your phone. Normally, this video is sent to your phone from a CDN, which is a bunch of servers located in different places. These servers store and send out content, like the video you’re watching, to viewers and their devices.
What AIOZ Network does differently is it sets up a distributed CDN (dCDN). This is a big change in how videos are streamed. In a dCDN, the video you watch doesn’t come from a central server. Instead, it comes from one of many Nodes. These Nodes are just regular people who get paid to store and share content from their devices using an app. The app uses the device’s unused power, like extra computing ability, internet bandwidth, and storage space.
AIOZ Price Prediction: How has the price of AIOZ changed in recent weeks?
Today, the price of AIOZ Network is $0.076114. It has a trading volume of $30.73 million in the last 24 hours, a market capitalization of $75.43 million, and it makes up 0.01% of the total cryptocurrency market. The price of AIOZ has gone up by 47.05% in the last day.
The highest value of AIOZ Network was on April 3, 2021, when it reached $2.61. Its lowest value was on September 13, 2023, at $0.010995. Since its all-time high, the lowest it has dropped to is $0.010995, and the highest it has reached after that low point was $0.086352. Currently, the market outlook for AIOZ Network is positive, and the Fear & Greed Index indicates a score of 69, which suggests a sentiment of greed.
There are currently about 991 million AIOZ in circulation, with a maximum supply of 1 billion AIOZ. Over the past year, the supply of AIOZ has increased by 48.59%, meaning 324.07 million AIOZ were added in this period.
AIOZ Price Prediction: Why is AIOZ Price Up?
The core of the AIOZ Network is its unique method of delivering content. It uses a peer-to-peer system, backed by blockchain technology, to provide a decentralized alternative. This approach tackles many of the shortcomings found in conventional content delivery methods.
The growing interest in decentralized platforms, along with more content creators, consumers, and businesses using the AIOZ Network, has played a major role in boosting the price of AIOZ Network. By forming strategic alliances with key players in the technology and entertainment sectors, AIOZ Network has gained significant attention. These collaborations have broadened its influence and strengthened its standing in the marketplace.
AIOZ Price Prediction: How High Will AIOZ Price Go?
The AIOZ Network’s price is close to its highest point in the last five days, which was $0.0844124104990609. It’s currently 18.41% below this five-day high but has risen 238.34% from its five-day low of $0.0203553196042776.
Right now, the price of AIOZ Network is above its usual resistance level. With the support level near $0.0277772012107671 and resistance around $0.039036788692385, there’s a chance for volatility in AIOZ Network’s price, especially if the current upward trend loses momentum.
Lately, AIOZ Network has seen lower trading volumes. This indicates that the trading activity today is less than the average seen over the past week.
Over the past year, the price of this cryptocurrency has seen an impressive increase of 85%, outperforming 76% of the top 100 crypto assets. It’s currently trading above its 200-day simple moving average, indicating a positive trend. Compared to its initial token sale price, the performance has been favorable. In the last 30 days, there have been 21 green days, accounting for 70% of the time, and the asset enjoys high liquidity relative to its market capitalization. However, it’s important to consider some risk factors.
Despite its strong performance, it has been outperformed by Bitcoin. Current indicators suggest that it is overbought, which could lead to a potential decrease in value. Additionally, it’s currently down 97% from its all-time high, and the yearly inflation rate of 48.59% could impact its value over time.
In the past month, the AIOZ Network has shown remarkable growth in the cryptocurrency market, particularly when valued in US Dollars, with an impressive increase of 540%. This surge is not just limited to its performance against traditional fiat currency.
When compared to other major cryptocurrencies, AIOZ has also seen significant gains. It has risen by 415.54% against Ethereum and 413.70% against Bitcoin during the same one-month period. This notable growth against both a standard currency like the US Dollar and leading cryptocurrencies like Ethereum and Bitcoin highlights the strong momentum and market confidence in AIOZ Network recently.
How to Buy Cryptocurrencies?
For those interested in buying cryptos, Bitget stands out as a recommended exchange. Known for its low fees and user-friendly interface, Bitget offers a seamless experience for both new and seasoned traders looking to buy and sell various coins. Given the market’s current price trend and the optimistic market outlook, now might be a strategic time to consider adding various coins to your cryptocurrency portfolio.
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