- AIOZ Network is a decentralized platform for Web3 AI
- Its price increased by 37% over the past week
- The price is still 40% below its March high of $1.05
- Analysts suggest a potential bullish breakout
AIOZ Network price raised nearly 19% over the day and 37% over the week.
Donald Trump and a surge in open interest contracts could have highly influenced it.
More About AIOZ Network
AIOZ Network is a decentralized platform designed for Web3 AI, storage, and streaming. It encourages users to share their computing resources through a global network of decentralized physical infrastructure networks (DePINs).
In fact, it is one of the projects that seeks to democratize AI learning, making it a privilege not only for tech giants. The platform facilitates efficient digital media content storage, transcoding, streaming, and decentralized AI computing.
AIOZ Network Growth Details and Assumptions
Open Interest Contracts increased by over 50%, from $1.92 million to $2.9 million in just one week.
However, it’s worth noting that the price remains about 40% below its March peak of $1.05.
According to some analysts, the decline of the parallel channel on the AIOZ price chart may signal that a bullish breakout could occur if the price exceeds the $0.69 mark.
A successful breakout above this level could indicate a bullish reversal, potentially leading to further price gains.
However, this may not be the case if the price falls below $0.50, which could lead to increased selling pressure.
Conclusions
Such initiatives—bringing together the most promising technologies that solve key fundamental problems today—deserve attention, so the price rise is understandable.
Many tech experts see a favorable alliance between blockchain and AI, and several companies are already working in this direction.
However, since they are also subject to market rules, we need to consider them not only from a technological but also from an economic perspective, as they are directly affected by the current fluctuations in American politics and economy.
