In this io.net (IO) price prediction 2024, 2025-2030, we will analyze the price patterns of IO by using accurate trader-friendly technical analysis indicators and predict the future movement of the cryptocurrency.
TABLE OF CONTENTS
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INTRODUCTION
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IO.NET (IO) PRICE PREDICTION 2024
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IO.NET (IO) PRICE PREDICTION 2025, 2026-2030 |
CONCLUSION |
FAQ |
Current Price | $3.14 |
24 – Hour Price Change | 5.68% Down |
24 – Hour Trading Volume | $460.68M |
Market Cap | $392.85M |
Circulating Supply | 125.63M IO |
All – Time High | $6.45 (On June 13, 2024) |
All – Time Low | $1.32 (On August 05, 2024) |
TICKER | IO |
BLOCKCHAIN | Solana |
CATEGORY | GPU Computing |
LAUNCHED ON | November 2023 |
UTILITIES | Governance, Fast Transactions, gas fees & rewards |
Io.net (IO) is a blockchain-based platform that revolutionizes data infrastructure by leveraging decentralized storage, computation, and identity management. It focuses on providing a robust, scalable, and secure framework to empower developers and enterprises to build next-generation applications.
At its core, Io.net emphasizes decentralization and user sovereignty over data, addressing the limitations of traditional centralized systems. Utilizing cutting-edge cryptographic methods and a modular architecture ensures high-performance data handling without compromising security.
The platform’s token, IO, is crucial in incentivizing network participation, enabling transactions, and governing its ecosystem. Io.net also fosters interoperability, making it compatible with various blockchain networks and applications, enhancing its utility across diverse use cases.
With a vision to transform industries such as finance, healthcare, and IoT, Io.net presents itself as a sustainable and futuristic solution for the decentralized web. Its innovation lies in its seamless integration of blockchain and real-world utility.
(Source: TradingView)
io.net (IO) ranks 182nd on CoinMarketCap in terms of its market capitalization. The overview of the io.net price prediction for 2024 is explained below with a daily time frame.
IO/USDT Ascending Channel pattern (Source: TradingView)
In the above chart, io.net (IO) exhibits an ascending channel pattern. An ascending channel, or rising channel, is a bullish pattern that forms when an asset’s price makes higher highs and higher lows. The price moves between two parallel trend lines—an upper line connecting the higher highs and a lower line connecting the higher lows. As the channel slopes upward, it signals a continued uptrend. Traders see this as a positive sign, with the price likely to keep rising as long as it stays within the channel.
At the time of analysis, the price of io.net (IO) was recorded at $3.13. If the pattern trend continues, then the price of IO might reach the resistance levels of $3.840 and $10.128. If the trend reverses, then the price of IO may fall to the support levels of $2.596 and $1.435.
The chart given below elucidates the possible resistance and support levels of io.net (IO) in 2024.
IO/USDT Resistance and Support Levels (Source: TradingView)
From the above chart, we can analyze and identify the following as resistance and support levels of io.net (IO) for 2024.
Resistance Level 1 | $3.668 |
Resistance Level 2 | $6.381 |
Support Level 1 | $2.147 |
Support Level 2 | $1.319 |
IO Resistance & Support Levels
The technical analysis indicators such as Relative Volume (RVOL), Moving Average (MA), and Relative Strength Index (RSI) of Bitcoin (IO) are shown in the chart below.
IO/USDT RVOL, MA, RSI (Source: TradingView)
From the readings on the chart above, we can make the following inferences regarding the current io.net (IO) market in 2024.
INDICATOR | PURPOSE | READING | INFERENCE |
50-Day Moving Average (50MA) | Nature of the current trend by comparing the average price over 50 days | 50 MA = $2.410Price = $2.973 (50MA < Price) |
Bullish/Uptrend |
Relative Strength Index (RSI) | Magnitude of price change;Analyzing oversold & overbought conditions | 50.128 <30 = Oversold 50-70 = Neutral>70 = Overbought |
Neutral |
Relative Volume (RVOL) | Asset’s trading volume in relation to its recent average volumes | Below cutoff line | Weak volume |
In the below chart, we analyze the strength and volatility of io.net (IO) using the following technical analysis indicators — Average Directional Index (ADX) and Relative Volatility Index (RVI).
IO/USDT ADX, RVI (Source: TradingView)
From the readings on the chart above, we can make the following inferences regarding the price momentum of io.net (IO).
INDICATOR | PURPOSE | READING | INFERENCE |
Average Directional Index (ADX) | Strength of the trend momentum | 40.742 | Strong Trend |
Relative Volatility Index (RVI) | Volatility over a specific period | 41.73 <50 = Low >50 = High |
Low volatility |
Let us now compare the price movements of io.net (IO) with that of Bitcoin (BTC), and Ethereum (ETH).
BTC Vs ETH Vs IO Price Comparison (Source: TradingView)
From the above chart, we can interpret that the price action of IO is similar to that of BTC and ETH. That is, when the price of BTC and ETH increases or decreases, the price of IO also increases or decreases respectively.
With the help of the aforementioned technical analysis indicators and trend patterns, let us predict the price of io.net (IO) between 2024, 2025, 2026, 2027, 2028, 2029 and 2030.
Year | Bullish Price | Bearish Price |
io.net (IO) Price Prediction 2025 | $15 | $1 |
io.net (IO) Price Prediction 2026 | $20 | $0.9 |
io.net (IO) Price Prediction 2027 | $25 | $0.8 |
io.net (IO) Price Prediction 2028 | $30 | $0.7 |
io.net (IO) Price Prediction 2029 | $35 | $0.6 |
io.net (IO) Price Prediction 2030 | $40 | $0.5 |
If io.net (IO) establishes itself as a good investment in 2024, this year would be favorable to the cryptocurrency. In conclusion, the bullish io.net (IO) price prediction for 2024 is $6.381. Comparatively, if unfavorable sentiment is triggered, the bearish io.net (IO) price prediction for 2024 is $1.319.
If the market momentum and investors’ sentiment positively elevate, then io.net (IO) might hit $10. Furthermore, with future upgrades and advancements in the io.net ecosystem, IO might surpass its current all-time high (ATH) of $6.45 and mark its new ATH.
Io.net (IO) is a blockchain-based platform that revolutionizes data infrastructure by leveraging decentralized storage, computation, and identity management. I
Traders can trade io.net (IO) on the following cryptocurrency exchanges such as Binance, KuCoin, OKX, Bybit, Gate.io and MEXC Global.
With the ongoing developments and upgrades within the io.net platform, io.net (IO) has a high possibility of reaching its ATH soon.
io.net (IO) hit its current all-time high (ATH) of $6.45 on June 13, 2024.
According to CoinMarketCap, IO hit its all-time low (ATL) of $1.32 On August 05, 2024.
If io.net (IO) becomes one of the active cryptocurrencies that majorly maintain a bullish trend, it might rally to hit $10 soon.
io.net (IO) price might reach $15 by 2025.
io.net (IO) price might reach $20 by 2026.
io.net (IO) price might reach $25 by 2027.
io.net (IO) price might reach $30 by 2028.
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Disclaimer: The opinion expressed in this article is solely the author’s. It does not represent any investment advice. TheNewsCrypto team encourages all to do their own research before investing.