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Highlights
- Launched in 2018, AION is a third-generation blockchain, which aims to provide interoperability between different networks.
- With AION as the helm of the core network, the OAN enables the users to execute smart contracts, share and store data between different networks.
- Over the past day, the AION was trading at US $0.278201 with a live market cap of US$ $138,720,449. The volume, which has also seen a massive bump, was at $458,942,574 in the 24 hours.
Launched in 2018, AION is a third-generation blockchain, which aims to provide interoperability between different networks allowing users and developers to create multiple applications.
Open Application Network (OAN) can be accessed through AION crypto. Besides, AION can also be used to make the OAN more secure. With AION as the helm of the core network, the OAN enables the users to execute smart contracts, share and store data between different networks.
Also read: Will the 200% surge attract investors to Request Crypto?
AION is creating a flutter in the market today, with a significant price and volume rally. Although the exact reason for the rally is still unclear, it has registered price gains of 66.38% and volume gains of 5964.16%.
What makes AION so unique?
The AION token operates on the delegated proof-of-stake (DPoS) and proof-of-importance (PoI) consensus.
For the usage of the DPoS, the market participant validates the new blocks, which helps in the creation of new tokens. Unlike the traditional proof-of-work (PoW) consensus, PoS consensus offers a more scalable solution by making the number of coins staked a key factor.
Having said that, as it still lacks interoperability, it is not able to make it to the mainstream financial system. AION, in future, aims to create a system where leading banks can adopt it as a mode of payment system.
Also read: Why is VVS Finance surging today?
How has AION fared in the market?
CoinMarketCap lists AION at rank 420. Over the past day, AION was trading at US $0.278201 with a live market cap of US$ $138,720,449. The volume, which has also seen a massive bump, was at $458,942,574 in the 24 hours.
Investors would be hoping for a sustained rally in the token, and the AION community, too, would be working hard to maximise the positive wave created in the market.
Conclusion
For now, though, it has the right protocols in place to make it a substantial token. Market experts haven’t been bullish on the token before this significant rally which is being witnessed today. But it does send out a signal, with the right tokenomics in place, it can further strengthen, and in the next five years, it could see a growth of around +140-150%, and that could propel the price to around US$200 by 2026.
