io.net (IO) Experiences Price Decline: Short-Term Dip or Long-Term Trend?
IO
- io.net (IO) dropped 20% post-launch, at $5.03 with a $562.8M trading volume at press time.
- IO reached an all-time high of $6.43 on June 12, 2024, now down 21.43%.
- 24-hour range is $4.820-$5.555, RSI at 64.75, indicating strength but not overbought.
The price of io.net (IO), a newly launched Solana-based DePIN platform and the 55th Binance Launchpool project, saw a significant drop after its debut on major cryptocurrency exchanges. Since its market launch on Tuesday, IO has experienced a 20% price decrease, valued at $5.03 with a 24-hour trading volume of $562,819,822.24. This represents a -4.42% decline in the past 24 hours, despite a slight increase over the past week. With a circulating supply of 95 million IO, the market capitalization of io.net stands at $476,583,170.
The highest price ever recorded for io.net (IO) was $6.43 on June 12, 2024, just two days ago. This price is 21.43% higher than the current value. Conversely, the lowest price recorded was $3.37 on June 11, 2024, making the current price 49.90% higher than this all-time low. Despite the recent fluctuations, io.net has managed to outperform the global crypto market, which is down by -4.80%, and similar Multicoin Capital Portfolio cryptocurrencies, which are down by -5.90%.
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