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AIOZ Network

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<p class="is-style-lead">AIOZ Network, a decentralized crypto platform focused on integrating artificial intelligence into Web3 and storage solutions, has seen its upward momentum cool off amid broader crypto market declines.</p>
<p>The AIOZ Network (<a href="https://crypto.news/price/aioz-network/" rel="noopener noreferrer nofollow">AIOZ</a>) token traded to highs of $0.67 on July 29 before giving up some of the gains as the altcoin market pared gains alongside Bitcoin (<a href="https://crypto.news/price/bitcoin/" rel="noopener noreferrer nofollow">BTC</a>). The DePIN project’s slight dip at the time of writing meant AIOZ hovered just above $0.60, with 24-hour gains trimmed to around 10%.</p>
<p>However, AIOZ’s trading volume surged by over 570% to more than $32 million, indicating rising interest as it crossed into the top 100 coins by market cap. Despite this, profit-taking activities are likely as top cryptocurrencies shed recent gains.</p>
<h2 class="wp-block-heading" id="bitcoin-plunge-drags-altcoins-lower">Bitcoin plunge drags altcoins lower</h2>
<p>Bitcoin’s recent plunge has significantly impacted altcoins, including AIOZ. BTC <a href="https://crypto.news/bitcoin-breaks-70k-after-trumps-nashville-remarks/" rel="noopener noreferrer nofollow">touched the $70,000 mark</a> earlier in the day but fell to around $67,200 at the time of writing. This dip came after the U.S. government moved $2 billion worth of ‘Silk Road’ bitcoins, which caused a temporary market shake-up.</p>
<p>The top cryptocurrency reached lows of $66,700 before stabilizing, as on-chain data showed assets being transferred to two addresses. Blockchain intelligence platform Arkham suggested that one chunk of 10,000 BTC may have been sent to an institutional custody service.</p>
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   <p lang="en" dir="ltr">UPDATE: The U.S. Government has split the $2B Bitcoin into two addresses:<br><br>10,000 BTC ($669.35M): bc1qlap8hkt9genaljz5nt2zlehhudx63zlahr2zek<br>19,800 BTC ($1.33B): bc1qngydl7hmgdtmuqjmtsyj3pcwszv0yn5mj6kz4c<br><br>We believe this represents a 10,000 BTC deposit to an institutional… <a href="https://t.co/0aULBXGd8P" target="_blank" rel="noopener noreferrer nofollow">https://t.co/0aULBXGd8P</a> <a href="https://t.co/RTwtaqvMmM" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/RTwtaqvMmM</a></p>— Arkham (@ArkhamIntel) <a href="https://twitter.com/ArkhamIntel/status/1817975722662670643?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">July 29, 2024</a>
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<p>Read more: <a href="https://crypto.news/plan-b-says-i-expect-btc-price-to-double-in-3-5-months/" rel="noopener noreferrer nofollow"> Plan B says: ‘I expect BTC price to double in 3-5 months’ </a></p>
<h2 class="wp-block-heading" id="aioz-benefitted-from-sei-partnership">AIOZ benefitted from Sei partnership</h2>
<p>AIOZ’s bump followed the collaboration with Sei (<a href="https://crypto.news/price/sei/" rel="noopener noreferrer nofollow">SEI</a>), a Layer-1 blockchain optimized for trading processes.</p>
<p>On July 25, the AIOZ Network team <a href="https://x.com/AIOZNetwork/status/1816427569438404919" target="_blank" rel="noopener noreferrer nofollow">announced</a> its collaboration with Sei to offer builders within the L1’s ecosystem access to key infrastructure-as-a-service solutions. These include AIOZ W3S, an S3 compatible object storage feature that leverages the AIOZ network of DePIN nodes.</p>
<p>Other products are AIOZ W3IPFS, which is a Web3 IPFS Pinning service; AIOZ W3AI, an AI-as-a-service platform that taps into the AIOZ DePIN GPU; and AIOZ W3Stream, an infrastructure that builders can leverage to host, share, and stream video (both on-demand and live-streaming).</p>
<p>You might also like: <a href="https://crypto.news/sei-surges-13-amid-launch-of-mainnet-beta-v2/" rel="noopener noreferrer nofollow"> Sei surges 13% amid launch of mainnet beta v2 </a></p>

AIOZ Network halts rally as cryptocurrencies mirror Bitcoin dip

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