AIOZ Network token price looks strong after displaying an impressive rally over the past couple of days, amidst an ailing crypto market. The AIOZ crypto has jumped as much as 175% from lows around $0.048 on June 5 to hit highs of $0.136. This came after the AIOZ token went live on Crypto.com.
AIOZ Network is the latest crypto to be supported by the digital exchange platform, Crypto.com. AIOZ network announced in a blog post that it was going live on Crypto.com. The listing makes the AIOZ crypto accessible to over 50 million users across the globe.
Crypto.com, the Hong Kong based digital asset exchange, confirmed the listing in a June 5 Twitter post informing their users that they could now “buy AIOZ at true cost with USD, EUR, GBP, and 20+ fiat currencies.”
AIOZ Network is listed in the https://t.co/vCNztATkNg App!
Buy $AIOZ at true cost with USD, EUR, GBP, and 20+ fiat currencies.
Download the App to buy, sell, and send #AIOZ now https://t.co/jt6bDD8HsI
For more details – https://t.co/NvzBcZyv2P@AIOZNetwork pic.twitter.com/BR9pPgxzIM
— Crypto.com (@cryptocom) July 5, 2022
This means that the over 50 million users can now buy AIOZ cypto at its real price using over 20 fiat currencies including the U.S. dollar, the Euro and the British pound. The listing also means AIOZ can now be spent globally at over 80 million merchants using the Crypto.com Visa Card, subject to applicability. Further updates on the listing are pending and will be shared with the community in the near future.
The AIOZ Network continues to gain traction in the industry due to its low transaction cost and alleged instant finality. The network is developed using a Cosmos SDK and is compatible with the Ethereum Virtual Machine (EVM). It is also supported with a multi-chain architecture enabling infinite horizontal scalability.
Cryptoassets are a highly volatile unregulated investment product. Your capital is at risk.
The AIOZ network is a decentralised Layer-1 content delivery network (CDN) aimed at revolutionising content streaming in the entertainment industry. Content streaming on the blockchain network supposedly is cheaper and faster.
The Crypto.com listing brings the blockchain project a step closer to realising its vision as the exchange has earned a solid reputation in the space as a cryptocurrency trading and exchange website. One of Crypto.com’s key roles is to encourage widespread adoption of crypto currencies and use of the related blockchain projects.
This works well for AIOZ Network, such that the exposure it will get as a result of listing on Crypto.com could increase its network activity giving more users a chance to share redundant memory, storage and bandwidth resources to create a vast CDN capable of powering streaming of videos from anywhere in the world.
This could increase demand for AIOZ token, in turn, leading to exponential price growth. If you don’t have some AIOZ, it is not late to buy some. So, could could the price be headed next?
AIOZ Crypto Price Finds Support From The 50 SMA
AIOZ crypto looks strong after rising above the 50-day simple moving average (SMA) on June 5. The spike in trading volume as shown on the daily chart (below) is an indication that bulls were interested in the altcoin. The Relative Strength Index (RSI) is in the positive region and the price strength at 61 suggests that the buyers still have the upper hand.
Therefore, increasing demand pressure could lift AIOZ price from the current levels with the first line of resistance emerging from the $o.1 psychological level. Additional barriers sit at the $0.136 high and the $0.15 resistance level.
Overcoming the said barriers would clear the path for a run up to the $0.174 range high. Such a move would represent a 105% move from the current price.
AIOZ/USD Daily Chart
On the downside, the RSI is facing down, an indication that the recent bullish momentum may have hit a snag. If the ongoing price correction persists, AIOZ crypto may drop below the 50-day SMA currently sitting at $0.073 to tag the $0.048 support floor.
However, the small trading volume accompanying Thursday’s red candle suggests that what is going on could just be a healthy correction giving late investors a chance to buy crypto, before continuing the rally.
If you want to buy cryptocurrency such as the AIOZ Network token , you can do so on top exchanges such as eToro, KuCoin, Binance, OKEx, CoinTiger, HitBTC, and ZT. You can find others listed on our crypto exchanges page.
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This article was written for Business 2 Community by Nancy Lubale.
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Nancy is a successful finance, crypto analyst | Researcher and blockchain writer with many years of writing experience finance and blockchain fields. Nancy has been producing quality content for websites in the cryptocurrency industry including Vauld Insights, Coingape, Forexcrunch, InsideBitcoins and Economywatch. Her interests are in crypto asset research and… View full profile ›
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