AIOZ crypto soars: What is this decentralized content delivery network?

Highlights 

• AIOZ claims to work in the distributed content sharing space with its Layer 1 blockchain network
• The token, AIOZ, has gained lately, but it has yet to reclaim its all-time high price of over US$2
• AIOZ has a relatively lower market cap, which might add to its volatility in price in the near term

There are reports that US President Joe Biden might soon order federal agencies to study how the economy will be impacted by cryptocurrencies. Though there is not much known about the contours of this executive order, nor does anyone know what the federal agencies might suggest to President Biden, the crypto world seems a little excited.

This could be one reason why most major cryptos including Bitcoin and BNB have gained over the last 24 hours. One crypto, though not having a very high market cap, has even outperformed the big ones. It is the AIOZ crypto.

What is the AIOZ Network

The network seems to be betting big on content sharing with decentralized underpinnings. AIOZ claims its blockchain can free content like audio and video streaming of centralized control and storage.

The dCDN or decentralized content delivery network of AIOZ also boasts of low fees and interoperability of apps created on its blockchain. The Layer 1 blockchain of the project also targets gaming and metaverses. The network of AIOZ can interact with existing blockchains, particularly Cosmos, besides facilitating horizontal scalability, according to the project’s website.

Also read: GALA, ALICE & RARI: 3 gaming cryptos to watch in the near term

AIOZ states it would target the emerging Web 3.0 with services that include streaming of content, file sharing and storage.

AIOZ Crypto Soars: What Is This Decentralized Content Delivery Network?

AIOZ crypto

AIOZ serves as the native staking token of the AIOZ blockchain. The token would also act as a medium of exchange within the network for payment of the network’s services.

AIOZ crypto’s price

The AIOZ token had surged nearly 25 per cent over the past 24 hours, and its trading volume had also soared heavily as of writing. The price surge outshined the gains of cryptos like BTC and Ether over the same period.

With a market cap of nearly US$75 million, the AIOZ crypto could make the cut as one of the top 500 crypto assets in CoinMarketCap’s rankings. The price of one AIOZ token was approximately US$0.17.

Also read: 3 cryptos to watch if you are a cryptocurrency beginner

AIOZ crypto’s price fluctuation

The token is relatively new, and in April last year, nearly one year back, AIOZ had a price tag of almost US$2.5. The price has mostly exhibited downward pressure ever since, with a limited rally in November 2021.

At the beginning of this year, AIOZ was priced nearly US$0.45. By this measure, the crypto has yet to gain much of the lost ground despite the recent rally.

Data provided by CoinMarketCap.com

Also read: As Yearn Finance crypto drops, what is YFI token’s price prediction?

Bottom line

AIOZ crypto’s price prediction could be optimistic if the network attracts more developers for its dCDN services. The token finds use within the network, and hence the viability of the AIOZ blockchain could be a major factor in deciding the price of the AIOZ token. That said, cryptos have shown extreme volatility so far this year, and hence, predicting price in the near term is nearly impossible.

Risk Disclosure: Trading in cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory, or political events. The laws that apply to crypto products (and how a particular crypto product is regulated) may change. Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading in the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed. Kalkine Media cannot and does not represent or guarantee that any of the information/data available here is accurate, reliable, current, complete or appropriate for your needs. Kalkine Media will not accept liability for any loss or damage as a result of your trading or your reliance on the information shared on this website.