As of August 28, 2024, the io.net (IO) token is trading at approximately $2.08 to $2.12 USD. The token has experienced notable fluctuations recently, including an all-time high of $6.45 in June 2024 and a significant drop to an all-time low of $1.32 in early August 2024. The current market conditions show the token recovering, with a 61% increase from its recent low.
About io. net
io. net the world’s largest decentralized AI computing network; the platform enables ML engineers to leverage large-scale distributed clusters for training machine learning models at a significantly smaller cost than professional centralized services.
io. Net is the only middleware that can form tens of thousands of GPU clusters no matter whether they are same-site or cross-site, meanwhile, the latency of them is very low for the deployers.
Other direct suppliers in the network are DePINs like Render that specializes in image rendering and Filecoin which specializes in storage supply its compute capacity to io. net in order to gain monetization from AI/ML companies CPG brands are relying solely on the internet.
io. net is empowering an ecosystem of products and services on top of compute as currency, and is taking AI to the world by reducing cost AI/ML creators.
Market Overview:
- Market Cap: Around $201 million.
- 24-Hour Trading Volume: Between $68 million to $96 million, indicating strong trading activity.
- Circulating Supply: Approximately 95 million IO tokens out of a maximum supply of 800 million.
Trading Platforms:
io.net (IO) is actively traded on several major exchanges, including:
- Binance: The largest platform for IO trading, handling over 30% of the total volume.
- MEXC, BingX, Bybit, and Bitget are also key platforms, with each managing significant portions of the trading volume.
Token Utility:
The IO token is integral to the io.net ecosystem, primarily used for purchasing GPU computational power and deploying GPU clusters. It also has a staking function, allowing users to earn rewards and participate in governance decisions.
Future Predictions:
The price of io.net (IO) is expected to remain volatile. Some forecasts suggest a potential increase to $3.42 within the next few days, and up to $8.66 in the next month, reflecting the speculative nature of the market.
Overall, io.net (IO) is a significant player in the decentralized AI and GPU computing sector, leveraging underutilized resources to provide cost-effective solutions for AI and machine learning tasks( CoinMarketCap, CoinGecko, Coinpaprika, CoinCodex ).
 is expected to remain volatile. Some forecasts suggest a potential increase to $3.42 within the next few days, and){kind=link}