In this article, let’s take a look at AIOZ Network (AIOZ) and evaluate whether this project can reach $3 or more in this crypto cycle.
What Is AIOZ Network?
AIOZ Network is a Layer-1 blockchain aiming to revolutionize Web3 technologies like artificial intelligence (AI), data storage, and streaming. It functions as a decentralized content delivery network (dCDN) powered by a global network of users who contribute their spare computing resources.
The sharing economy incentivizes users with AIOZ tokens, the network’s native currency. The project boasts features like instant finality, low transaction fees, and interoperability with both Ethereum and Cosmos blockchains, allowing developers to seamlessly build and deploy decentralized applications (dApps).
AIOZ Network Price Prediction
One quantitative metric for evaluating a crypto project’s future price is market capitalization, or simply market cap.
Market capitalization takes into account both price and circulating supply. A high price for a cryptocurrency with few coins in circulation does not necessarily mean it is a strong investment. Market cap shows the total value of all the coins in circulation, giving you a better sense of the crypto’s overall size and influence in the market.
Here’s the formula to find the market cap of a crypto project:
Market Capitalization = Market Price * Circulating Supply
Now, let’s compute the market cap AIOZ Network (AIOZ) needs to reach in order to hit $3 or potentially more per token:
Circulating Supply – 1,091,837,836 AIOZ (CoinGecko data)
Total Supply – 1,096,249,276 AIOZ (CoinGecko data)
Max Supply – ∞
Current Price – $0.7863
Market Capitalization – $857,266,201
Fully Diluted Market Cap (If all AIOZ tokens are in circulation) – $860,729,882
This information is current as of June 3rd, 2024, and the token’s price, market value, and available supply are subject to change.
| For AIOZ to reach… | Its market cap would need to grow by… |
| $2 | $2,185,000,000 |
| $3 | $3,276,000,000 |
| $5 | $5,460,000,000 |
| $10 | $10,920,000,000 |
Note: This computation assumes the current number of coins in circulation remains constant. The market cap will be affected if the number of AIOZ tokens increases in supply in the future.
Final Thoughts
The information presented here regarding cryptocurrency prices is for informational purposes only and should not be considered financial advice. The crypto markets are highly volatile and susceptible to sudden changes. Before making any investment decisions, it is important to conduct your own research, consider your risk tolerance, and potentially consult with a qualified financial advisor.
