AIOZ Network price prediction: Can AIOZ disrupt data delivery?

The AIOZ Network has risen in value by 27% in the past seven days – but will it continue?

Representation of a network of cryptocurrencies encircling the globe with pulsing data transmissions                                 
Can the AIOZ Network disrupt the way data moves across the internet by harnessing the power of blockchain technology? – Photo: Shutterstock
                                

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Crypto enthusiasts invariably argue that the blockchain revolution will touch on all areas of business and finance because the technology makes greater efficiency and equity possible. From logistics to education to loans, blockchain technology proponents are hoping to integrate it into mainstream society and displace legacy technologies.

A variety of crypto start-ups have emerged focused on harnessing blockchain technology to bring more efficient solutions to data services and the computing sector.

The AIOZ Network, a layer 1 blockchain built on the Cosmos ecosystem, is made up of user-run nodes that work together to create a distributed content delivery network (dCDN).

Despite performing slightly better more recently, the coin has largely been on a downward trend since its launch. But what does this mean for an AIOZ Network price prediction?

Before diving into the forecasts, let’s first look at how the project works.

What is AIOZ Network (AIOZ)?

The AIOZ Network’s aim is to offer a more-efficient alternative to content delivery networks (CDNs) – the foundation to a content-rich fast internet.

CDNs are geographically distributed groups of servers that provide people with the speedy delivery of internet content. Be it streamed videos, games or apps, CDNs allow for assets to be quickly transferred to devices. As mobile usage continues to explode, the need for CDNs has also expanded.

According to the AIOZ Network, however, CDNs keep media “locked away in private servers” – and this introduces middlemen and centralised systems into a structure that is not required if blockchain technology was used instead.

The AIOZ Network’s intention is to create a distributed CDN (dCDN), whereby system users or nodes can share memory, storage and bandwidth resources that they are not using – thus utilising resources that would otherwise be redundant.

According to the crypto’s website, the network “brings unprecedented interoperability, low transaction fees, rapid throughput and instant finality” to customers.

The nodes – essentially individuals who store and deliver content from their devices – are paid in AIOZ, the network’s token.

According to the website, the AIOZ Network “removes middlemen, redistributes control, and rewards the creators who produce content, the viewers who engage with it, and the users who run nodes via $AIOZ”.

Users can also stake AIOZ tokens as well as use them to purchase “apps, services and items on the AIOZ Network”.

Founder

The AIOZ Network was founded by Erman Tjiputra. Born in Indonesia, Erman completed a BA degree in banking and finance law from Boston College in Massachusetts, USA.

According to his LinkedIn profile, in 2003 he founded Eastraits, a wholesale business based in Singapore and began the AIOZ Network in 2013. He is currently the network’s CEO.

But how does this information impact an AIOZ Network price prediction for 2022? Or even an AIOZ price prediction for 2030?

Before looking at forecasts, let’s take an overview of the AIOZ token’s recent performance.

AIOZ Network price performance

After the token’s launch at the start of April 2021, AIOZ dropped from its all-time high of $2.67 on 3 April 2021 to daily low of $0.8182 by 23 April. Despite briefly uptrending to a $1.49 daily high on 1 May, the token dropped even further to a low of $0.2433 by 23 May 2021, before recovering slightly to an intraday high of $0.6484 on 15 June – and then falling to $0.2349 on 26 June.

From there, the token traded sideways around the £0.23 level, before dipping to an intraday low of $0.1606 on 22 July 2021. It then climbed back up to a daily high of $0.428 on 2 September 2021. However, it once again traded sideways, before starting to uptrend at the start of November until it reached a daily high of $1.09 on 1 December 2021. Since then, it has been steadily downtrending until its closing price of $0.1915 on 8 March. 

According to Coin Gecko, the AIOZ coin price has fallen 5.9% in the past 30 days – but risen 28.7% in the past seven days and increased 27% in the past 14 days.

The platform has a maximum supply of 1 billion coins and a circulating supply of 472.2 million AIOZ coins, according to CoinMarketCap. This means the protocol’s market cap was $86,515,292 as of 8 March.

Bearing this in mind, how does this information impact an AIOZ Network price prediction?

AIOZ Network price prediction – expert opinion

It’s important when looking at predictions to remember that while they can be helpful as an indicator of which direction the price may move, they should be viewed as possibilities rather than absolutes. This is especially the case when looking at long term forecasts, as these can sometimes be completely off the mark. This is because of the inherent volatility of the crypto market but also the many unknowns which could impact future prices.

With this in mind, let’s look at what some forecasters believe a future AIOZ coin price prediction will be.

Wallet Investor offers a pessimistic forecast, suggesting the coin will close 2022 with a price of $0.0283 and fall further to $0.00393 in a year’s time. By the end of 2025, Wallet Investor is predicting a marginal rise with AIOZ closing the year at $0.00893.

Gov.capital, in another bearish outlook, forecasts the value of AIOZ would actually be zero in a year’s time.

DigitalCoinPrice has a more optimistic outlook, putting the AIOZ price prediction for 2022 at $0.25 and $0.27 a year later. The website’s AIOZ Network price prediction for 2025 stands at $0.38 while its Network price prediction for 2030 is $0.87.

FAQs

How many AIOZ Network are there?

The platform has a maximum supply of 1 billion coins and a circulating supply of 472.2 million AIOZ coins.

Is AIOZ Network a good investment?

Experts are bearish in regard to the AIOZ Network and do not on the whole perceive it to be a good investment. The coin has trended downwards for much of its price history. Despite this, it is important to note that cryptocurrencies are highly volatile assets. 

Will AIOZ Network go up?

Experts are on the whole are pessimistic about the AIOZ Network coin. While the coin may go up, it may also go down. Always remember that forecasts, especially long-term ones, should not be viewed absolutes, but rather as an indication. While cryptocurrencies are highly volatile assets, you should bear in mind that analysts’ forecasts can often be wrong. 

Should I invest in AIOZ Network?

Investing is a highly personal endeavour. It's down to you to do your own research and keep up-to-date on any developments in the AIOZ Network ecoystem that may boost or dampen its prospects.

Remember, investing can be risky. Conduct your own research. And never invest money that you cannot afford to lose.

Further reading

The material provided on this website is for information purposes only and should not be regarded as investment research or investment advice. Any opinion that may be provided on this page is a subjective point of view of the author and does not constitute a recommendation by Currency Com Bel LLC or its partners. We do not make any endorsements or warranty on the accuracy or completeness of the information that is provided on this page. By relying on the information on this page, you acknowledge that you are acting knowingly and independently and that you accept all the risks involved.
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