{"id":85600,"date":"2024-07-30T11:38:30","date_gmt":"2024-07-30T15:38:30","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=85600"},"modified":"2024-07-30T12:28:39","modified_gmt":"2024-07-30T16:28:39","slug":"aioz-network-halts-rally-as-cryptocurrencies-mirror-bitcoin-dip","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/aioz-network-halts-rally-as-cryptocurrencies-mirror-bitcoin-dip\/","title":{"rendered":"AIOZ Network Halts Rally as Cryptocurrencies Mirror Bitcoin Dip"},"content":{"rendered":"\n

AIOZ Network, a decentralized cryptocurrency platform<\/a>, has experienced a slowdown in its rising trajectory due to general losses in the cryptocurrency market. <\/p>\n\n\n\n

\"\"
AIOZ Network Halts Rally as Cryptocurrencies Mirror Bitcoin Dip<\/figcaption><\/figure>\n\n\n\n

On July 29, the AIOZ Network token reached its highest price of $0.67. However, it later lost part of its gains when the altcoin market\r\n \r\n \r\n \r\n <\/g>\r\n \r\n \r\n \r\n <\/clipPath>\r\n <\/defs><\/svg><\/span><\/a> declined in tandem with Bitcoin. AIOZ was barely above $0.60 at the time of writing, with 24-hour gains reduced to about 10% due to the DePIN project's small decline.<\/p>\n\n\n\n

AIOZ, on the other hand, saw a nearly 570% increase in trading volume to over $32 million, signaling growing interest as it entered the top 100 coins by market capitalization. In spite of this, profit-taking is probably going to occur as popular cryptocurrencies lose recent gains. <\/p>\n\n\n\n

Bitcoin Plunge Drags Altcoins Lower<\/h2>\n\n\n\n

The recent decline in Bitcoin has had a major effect on altcoins, such as AIOZ. BTC dropped to about $67,200 at the time of writing, having crossed the $70,000 threshold earlier in the day. This decline followed a brief market agitation brought on by the U.S. government's removal of $2 billion worth of “Silk Road” Bitcoins. <\/p>\n\n\n\n

Prior to stabilizing, the leading cryptocurrency dropped as low as $66,700 due to on-chain data indicating that assets were being moved between two addresses. A portion of 10,000 Bitcoin, according to blockchain intelligence platform Arkham<\/a>, might have been transferred to an institutional custody provider. <\/p>\n\n\n\n

\n

UPDATE: The U.S. Government has split the $2B Bitcoin into two addresses:

10,000 BTC ($669.35M): bc1qlap8hkt9genaljz5nt2zlehhudx63zlahr2zek
19,800 BTC ($1.33B): bc1qngydl7hmgdtmuqjmtsyj3pcwszv0yn5mj6kz4c

We believe this represents a 10,000 BTC deposit to an institutional\u2026 https:\/\/t.co\/0aULBXGd8P<\/use><\/svg><\/span><\/a> pic.twitter.com\/RTwtaqvMmM<\/use><\/svg><\/span><\/a><\/p>— Arkham (@arkham) July 29, 2024<\/use><\/svg><\/span><\/a><\/blockquote>

 AIOZ Gained from the Sei Collaboration<\/h2>\n\n\n\n

The partnership with Sei, a Layer-1 blockchain<\/a> designed with trade procedures in mind, led to AIOZ's surge. The AIOZ Network team stated on July 25 that it is working with Sei to provide important infrastructure-as-a-service solutions to builders in the L1 ecosystem. <\/p>\n\n\n\n

Among these is AIOZ W3S, an object storage feature that is compatible with S3 and makes use of the AIOZ network of DePIN nodes. AIOZ W3AI, an AI-as-a-service platform that utilizes the AIOZ DePIN GPU, AIOZ W3IPFS, a Web3 IPFS Pinning service, and AIOZ W3Stream, an infrastructure that allows builders to host, distribute, and stream video (both on-demand and live-streaming), are further offerings.<\/p>\n\n\n\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

AIOZ Network, a decentralized cryptocurrency platform, has experienced a slowdown in its rising trajectory due to general losses in the cryptocurrency market.  On July 29, the AIOZ Network token reached its highest price of $0.67. However, it later lost part of its gains when the altcoin market declined in tandem with Bitcoin. AIOZ was barely […]<\/p>\n","protected":false},"author":43,"featured_media":85616,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[20986,1821,501],"class_list":["post-85600","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-aioz-network","tag-cryptocurrency-market","tag-dip"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2024\/07\/croc_1722352816831.jpeg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/85600","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/43"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=85600"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/85600\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/85616"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=85600"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=85600"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=85600"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}