io.net experienced an extraordinary 40% surge in price within a single day, capturing attention in the volatile cryptocurrency trading sphere. Currently, $IO is trading at $5.6, marking a notable increase.
According to the data from CoinMarketCap, the market capitalization stands at $530.82 million, and the 24-hour trading volume, currently valued at $1.92 billion, surged a staggering 52.30%.
io.net is a decentralized network that combines cryptocurrency, AI, and decentralized infrastructure. It uses unused computer power, mainly GPUs, to tackle the global shortage. Launched in November 2023, io.net has integrated nearly 19,000 GPUs and over 6,000 CPUs that meet the Proof of Compute standards, making them available for various tasks.
io.net’s remarkable 40% price surge within a day underscores its growing prominence in the cryptocurrency landscape. Leveraging decentralized infrastructure and AI, it optimizes unused computational power to address global shortages.
With its launch in November 2023, the integration of substantial computing resources under Proof of Compute standards is noteworthy. How will IO.NET’s innovative approach to utilizing decentralized resources impact the broader tech and crypto ecosystems in the long run?
Also Read: IO.net Price Drops After Launch on Binance Launchpool
