io.net (IO)
io.net is a decentralized computing network that enables the development, execution, and scaling of ML applications on the Solana blockchain. It solves this problem by combining 1 million GPUs to form the world s largest GPU cluster and DePIN.io.net aggregates GPUs from underutilized resources such as standalone data centers, crypto miners, and crypto projects like Filecoin and Render. These resources are combined in the Decentralized Physical Infrastructure Network (DePIN), which enables engineers to harness massive amounts of computing power in a system that is accessible, customizable, cost-effective, and easy to implement.
1. IO Basic Info
| Symbol | IO |
| Name | io.net |
| Web Site | https://io.net |
| Wallet | -- |
| Source | -- |
| Explorer | https://explorer.solana.com/ |
| Forum | -- |
| Mining | |
| Supply | 800000000 |
| Available Supply | 144381000 |
| Market Cap | 147413001 |
| White Paper | -- |
| Is ICO | None |
| Raised Funds | - |
| Distribution | - |
| Algorithm | -- |
| Proof | -- |
| Total | 800000000 |
| Release Date | 2024-06-11 |
2. IO Technical Info
2.1 IO Kline Chart Price
2.2 IO Technical Analysis
The short-term trend indicates continued bearish momentum. The price is likely to fluctuate within a narrow range with the possibility of a further downward movement in the coming days. The current resistance level is around 1.05, and the support level is around 0.95.
In the medium term, a period of consolidation is expected. The market may experience sideways trading, and there will be some uncertainties regarding the future trend. Overall, the trend is still biased towards a bearish market, but some short-term upward corrections cannot be ruled out.
In the long term, the trend direction remains unclear. Investors should closely monitor the important support level. It is recommended to adopt a cautious approach and be prepared for market volatility. The overall sentiment is bearish, but there could be a potential turnaround if some positive signals emerge in the future.
