{"id":535344,"date":"2024-06-12T12:07:18","date_gmt":"2024-06-12T12:07:18","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=535344"},"modified":"2024-06-12T12:07:18","modified_gmt":"2024-06-12T12:07:18","slug":"io-net-price-prediction-io-plunges-9-as-this-ai-meme-coin-hurtles-towards-6-million","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/io-net-price-prediction-io-plunges-9-as-this-ai-meme-coin-hurtles-towards-6-million","title":{"rendered":"io.net Price Prediction: IO Plunges 9% As This AI Meme Coin Hurtles Towards $6 Million"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">The io.net price plunged<\/span><span style=\"font-weight: 400;\"> 9% in the last 24 hours <\/span><a style=\"background-color: var(--bs-body-bg); font-family: var(--bs-body-font-family); font-size: var(--bs-body-font-size); font-weight: var(--bs-body-font-weight); text-align: var(--bs-body-text-align);\" href=\"https:\/\/www.geckoterminal.com\/solana\/pools\/7LqWsmXDVyPd5xn4RZD61NRufcegy1ZN7PdM1c9TdaNf\">to trade at $4.05<\/a><span style=\"font-weight: 400;\"> as of 04:12 a.m. EST on trading volume that skyrocketed to $1.1 billion.<\/span><\/p>\n<p>This follows the recent launch of the token on <a href=\"https:\/\/cryptocodes.care\/b_Binance_65777\">Binance<\/a> and other cryptocurrency exchanges. The price retracement may have stemmed from controversy surrounding the project&rsquo;s leadership, which caused the resignation of CEO Ahmad Shadid before the launch.<\/p>\n<p><span style=\"font-weight: 400;\">The company&rsquo;s co-founder, Tory Green, has been appointed as the new CEO.<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">I am honored to step into the role of CEO for <a href=\"https:\/\/t.co\/OigQQimgcD\">https:\/\/t.co\/OigQQimgcD<\/a>, effective immediately.<\/p>\n<p>Under <a href=\"https:\/\/twitter.com\/shadid_io?ref_src=twsrc%5Etfw\">@shadid_io<\/a> 's leadership, <a href=\"https:\/\/t.co\/OigQQimgcD\">https:\/\/t.co\/OigQQimgcD<\/a> has grown into one of the fastest growing AI companies in the world.<\/p>\n<p>Going forward, we will continue to execute on the vision&hellip; <a href=\"https:\/\/t.co\/12vRHJTMRG\">https:\/\/t.co\/12vRHJTMRG<\/a><\/p>\n<p>&mdash; tory.io &#129470; (@MTorygreen) <a href=\"https:\/\/twitter.com\/MTorygreen\/status\/1799779461665263983?ref_src=twsrc%5Etfw\">June 9, 2024<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p><span style=\"font-weight: 400;\">The project aims to offer AI Compute-as-a-Currency by combining the computing power of GPUs stored with different storage service providers, hence creating a decentralized physical infrastructure network (<a href=\"https:\/\/insidebitcoins.com\/buy-cryptocurrency\/depin-coins\">DePIN<\/a>).<\/span><\/p>\n<p><span style=\"font-weight: 400;\">After the launch, IO soared to an all-time high (ATH) price of $4.55. The price fluctuations after this surge have been within a symmetrical triangle pattern. The bulls are capitalizing on the $3.6 support to push the token toward the upper boundary of the triangle, according to data from <\/span><a href=\"https:\/\/www.geckoterminal.com\/solana\/pools\/7LqWsmXDVyPd5xn4RZD61NRufcegy1ZN7PdM1c9TdaNf\"><span style=\"font-weight: 400;\">GeckoTerminal<\/span><\/a><span style=\"font-weight: 400;\">.<\/span><\/p>\n<h2><span style=\"font-weight: 400;\">io.net Price Prediction: Bulls Target A New ATH Over The $4.55 Resistance<\/span><\/h2>\n<figure id=\"attachment_535345\" aria-describedby=\"caption-attachment-535345\" style=\"width: 1113px\" class=\"wp-caption alignnone\"><img decoding=\"async\" class=\"size-full wp-image-535345\" src=\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2024\/06\/IO_2024-06-12_11-12-12.png\" alt=\"io.net Price Chart Analysis Source: GeckoTerminal.com\" width=\"1113\" height=\"488\" srcset=\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2024\/06\/IO_2024-06-12_11-12-12.png 1113w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2024\/06\/IO_2024-06-12_11-12-12-300x132.png 300w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2024\/06\/IO_2024-06-12_11-12-12-1024x449.png 1024w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2024\/06\/IO_2024-06-12_11-12-12-768x337.png 768w\" sizes=\"(max-width: 1113px) 100vw, 1113px\"><figcaption id=\"caption-attachment-535345\" class=\"wp-caption-text\">IOUSD Chart Analysis<\/figcaption><\/figure>\n<p><span style=\"font-weight: 400;\">The io.net price still trades above the 50-day Simple Moving Average (SMA), which acts as the critical support level of around $4.0.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Moreover, the Relative Strength Index (RSI) is moving up from the 50-midline level as it hurtles towards the 70-overbought region, currently trading at 54. The RSI indicates that IO is currently in equilibrium but with signs of a bullish trend, crossing above 50.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The Moving Average Convergence Divergence (MACD) line (blue) crosses above the signal line (orange), which forms a bullish crossover. A bullish crossover encourages investors to buy more, which could push the token to a higher price.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The io.net price analysis on the 15-minute chart indicates a bullish bias, with the bulls aiming for a new ATH at $5.0, after breaching the exact resistance level at $4.55.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">However, in an inverse scenario, if the bears push IO below the $4.0 critical support, the bulls could retreat to the support zone around $3.54.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Meanwhile, other traders are shifting to an AI meme coin called WienerAI, a new dog-themed token that has already raised over $5.4 million in presale.<\/span><\/p>\n<h2><span style=\"font-weight: 400;\">WienerAI Surges Past $5.4 Million<\/span><\/h2>\n<p><a href=\"https:\/\/insidebitcoins.com\/visit\/wienerai\" rel=\"nofollow\"><span style=\"font-weight: 400;\">WienerAI (WAI)<\/span><\/a><span style=\"background-color: var(--bs-body-bg); color: var(--bs-body-color); font-family: var(--bs-body-font-family); font-size: var(--bs-body-font-size); text-align: var(--bs-body-text-align);\"> combines two of the hottest niches in crypto: AI and meme coins. The AI part of the equation involves an innovative<\/span><span style=\"background-color: var(--bs-body-bg); color: var(--bs-body-color); font-family: var(--bs-body-font-family); font-size: var(--bs-body-font-size); text-align: var(--bs-body-text-align);\"> trading bot that <\/span><span style=\"font-weight: 400;\">uses predictive technology and a user-friendly interface to give token holders advice on when to buy and sell crypto.<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">More than just a bot&ndash;WienerAI is your ultimate crypto trading companion.<\/p>\n<p>We're delighted to share some sneak peeks with our incredible and supportive community. (1\/4) <a href=\"https:\/\/t.co\/kR8ypeJycj\">pic.twitter.com\/kR8ypeJycj<\/a><\/p>\n<p>&mdash; WienerAI (@WienerDogAI) <a href=\"https:\/\/twitter.com\/WienerDogAI\/status\/1800560901088809124?ref_src=twsrc%5Etfw\">June 11, 2024<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p><span style=\"font-weight: 400;\">WienerAI is not dissimilar to another recent token launch by the name of Scotty the AI (SCOTTY), which garnered over $10 million in its presale.<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Join the sausage army!! &#127789;&#127789;<\/p>\n<p>We are growing fast &#128170; <a href=\"https:\/\/t.co\/OnfAlIXSyz\">pic.twitter.com\/OnfAlIXSyz<\/a><\/p>\n<p>&mdash; WienerAI (@WienerDogAI) <a href=\"https:\/\/twitter.com\/WienerDogAI\/status\/1799847104980177320?ref_src=twsrc%5Etfw\">June 9, 2024<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p><span style=\"font-weight: 400;\">The WAI project allows holders to earn passively through its <\/span><a href=\"https:\/\/insidebitcoins.com\/visit\/wienerai\" rel=\"nofollow\"><span style=\"font-weight: 400;\">staking function<\/span><\/a><span style=\"font-weight: 400;\">, which provides an annual percentage yield (APY) of 205%.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">According to 99Bitcoins, a crypto channel on YouTube, $WAI could potentially soar 100X after its launch.<\/span><\/p>\n<p><iframe title=\"THE NEXT 100X AI PRESALE CRYPTO GEM!! New Presale to BUY NOW!!\" width=\"640\" height=\"360\" src=\"https:\/\/www.youtube.com\/embed\/dX2VKBUpXh8?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe><\/p>\n<p><span style=\"font-weight: 400;\">You can be part of the presale by buying WAI tokens for $0.000717 each. But hurry as the price will increase in about seven hours.<\/span><\/p>\n<p><a href=\"https:\/\/insidebitcoins.com\/visit\/wienerai\" rel=\"nofollow\"><span style=\"font-weight: 400;\">Buy WAI tokens on the official website here<\/span><\/a><span style=\"font-weight: 400;\"> using ETH, BNB, USDT, or a bank card.<\/span><\/p>\n<h2><span style=\"font-weight: 400;\">Related News<\/span><\/h2>\n<ul>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">&nbsp;<\/span><a href=\"https:\/\/www.linkedin.com\/pulse\/bitcoin-price-prediction-experts-forecast-bullish-trends-calsona-o1vue\"><span style=\"font-weight: 400;\">&#128640; Bitcoin Price Prediction: Experts Forecast Bullish Trends for 2024 &#128200;&#128176;<\/span><\/a><\/li>\n<li style=\"font-weight: 400;\"><a href=\"https:\/\/www.linkedin.com\/pulse\/dogecoin-price-prediction-doge-reach-1-2024-juliana-clarisse-calsona-yqwse\"><span style=\"font-weight: 400;\">&#128640; Dogecoin Price Prediction: Will DOGE Reach $1 in 2024? &#128054;&#128176;<\/span><\/a><\/li>\n<li style=\"font-weight: 400;\"><a href=\"https:\/\/insidebitcoins.com\/buy-cryptocurrency\/p2b-review\/\"><span style=\"font-weight: 400;\">P2B Review 2024 &ndash; 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