Aion Price AION Price Index, Live Chart and USD Converter

The Aion network uses a combined Byzantine Fault Tolerance and Delegated Proof of Stake algorithm, which was connected with a neural network-powered Proof of Intelligence to ensure consensus. The mission of Aion is to become the common protocol for the blockchains enabling dApps to be adopted at scale. Different blockchains need a hub for connecting with each other, and Aion plans to become one. With the help of this platform, it’s possible to transfer data across numerous blockchains making different platforms interoperable. The AION coin is a utility token designed for the smooth work of the 3rd generation blockchain platforms helping to resolve the problem of interoperability. Aion creates an ecosystem helping different blockchains to communicate with each other.

The Aion desktop wallet the native Desktop Wallet client for AION tokens that allows you to create an Aion address and easily manage your coins. The AION token swap from ERC-20 to native AION blockchain came to an end by December 2018. Those who missed the swap can submit a request on support service to get their tokens swapped. The company used its own technology to transfer tokens, so the Token Swap employed a Token Transfer bridge demonstrating the potential of its system.

In its last quarterly update, at the end of 2020, Spoke discussed the competitive blockchain industry and admitted OAN struggled with adoption. However, it eventually lost these gains and saw a gradual downward trend. AION dipped under its launch price in August and has not been able to recover since.

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OAN was designed to be a non-profit public network available to everyone. Its main purpose was to foster an environment for developers to build open-access applications. Open Application Network, the blockchain behind AION, was abandoned by its CEO and chief operating officer in 2020 as they struggled to spur adoption of the network.

The individual consensus is required on each bridge employing a certain consensus mechanism from the main chain. Validator nodes earn mining and transaction rewards as they validate these transactions, which afterward are distributed among node backers. The routing of an interchain transaction is a multi-phase process, during which the transaction is verified by validators and consensus is reached. The platform offers a bounty program rewarding its users for technical support and any type of assistance.

Aion Tokens are used to secure the overall network, create new blockchains and monetize inter-chain bridges. Aion AION does not have a predefined maximum supply or hard limit. This implies that the protocol may generate additional AION tokens beyond its existing supply in the future.

The live Aion exchange rate varies from moment to moment as transactions take place on exchanges all over the world. Given the volatility of cryptocurrencies, prices can rise or fall significantly in a short period. Government regulations have a great impact on the price of Aion and other currencies. Tax policies, regulations regarding investments, mining restrictions, government plans for official digital currencies, and other developments can move the crypto market higher or lower. Technical analysis is valuable in crypto investing even if you don’t have access to years of historical price data in the Aion chart. For example, with many cryptos, dramatic price drops and periods of high volatility have been followed by a sustained rise to new highs.

Aion Price Prediction, Technical Analysis, and AION Forecast

You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Traders also like to use the RSI and Fibonacci retracement level indicators to try and ascertain the future direction of the AION price.

The Aion death cross happens when Aion’s 50-day SMA falls below the 200-day SMA. Traders usually interpret a death cross as a bearish signal for future price action, but the actual usefulness of this metric is controversial. The Aion golden cross, on the other hand, is generally interpreted as bullish and happens when the 50-day SMA rises above the 200-day SMA. The 200-day SMA is calculated by taking Aion’s closing prices in the last 200 days, adding them together, and dividing the total by 200. The Relative Strength Index momentum oscillator is a popular indicator that signals whether a cryptocurrency is oversold or overbought . Currently, the RSI value is at 20.24, which indicates that the AION market is in a oversold position.

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The cryptocurrency did see another resurgence in April as its mainnet launched. AION reached a high of $4.14 on 24 April, a day before the blockchain went live. Aion’s current share of the entire cryptocurrency market is 0.00%, with a market capitalization of $ 1.13 Million. Some traders try to identify candlestick patterns when making a cryptocurrency price prediction to try and get an edge over the competition. Some candlestick formations are seen as likely to forecast bullish price action, while others are seen as bearish.

• The total supply available for purchase during the token sale was 465,000,000 AION.
• You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
• The cryptocurrency can be stored in the official AION wallets with versions for different operating systems.
• The AION token underscores the economic incentive system of the network, and follows a fixed inflationary monetary policy, where the supply is annually inflated by 1 percent each year.
• Seek independent professional consultation in the form of legal, financial, and fiscal advice before making any investment decision.

Recurring buys tend to moderate the effects of cryptocurrency price volatility. Many people find that small regular purchases are a great way to save funds for retirement or a major purchase with money they would otherwise spend thoughtlessly. Market cap is measured by multiplying token price with the circulating supply of AION tokens . The Aion price page is just one in Crypto.com Price Index that features price history, price ticker, market cap, and live charts for the top cryptocurrencies. The token page shows information such as price, total supply, holders, transfers and social links. The OAN started collaborating with the University of Waterloo in November 2019 to explore solutions to the challenge of preserving privacy in the context of Open Applications on blockchain networks.

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The project was launched by Nuco, a Toronto-based IT startup in 2017. You can still benefit if the moves in your favour, or make a loss if it moves against you. However, with traditional trading you enter a contract to exchange the legal ownership of the individual shares or the commodities for money, and you own this until you sell it again. DigitalCoinPrice said AION could have averaged at $0.05 this year and $0.14 in 2025. Its AION price prediction for 2030 gave a maximum price of $0.30.

As the name suggests, a moving average provides the average closing price for AION over a selected time frame, which is divided into a number of periods of the same length. For example, a 12-day simple moving average for AION is a sum of AION’s closing prices over the last 12 days which is then divided by 12. The RSI is a very popular technical indicator used to analyze prices of a variety of assets, including Aion. The readings produced by the RSI indicator range from 0 to 100, with 30 and 70 being important levels. An RSI reading under 30 indicates that the asset is currently undervalued, while an RSI reading above 70 indicates that the asset is currently overvalued.

AION Price Forecast for 2023

However, the https://www.beaxy.com/’s CEO has since abandoned the project and given control to the community. AION was unable to come back from its bearish trend, which has plagued the cryptocurrency since the end of 2018. Both AION and the OAN blockchain are secured through a combination of the delegated proof of stakeand proof of importance consensus mechanisms. This positions OAN as a more scalable and energy efficient network. Matthew Spoke was the CEO of OAN, before moving on to found his new company, Moves, which offers financial support to gig workers. Ian Chan was the chief operating officer for the network and left in 2020 to join Spoke at Moves.

The RSI indicator suggests that the price of AION will decrease. The most recent Death Cross in the Bitcoin market happened 418 days ago, on Jan 09, 2022. Meanwhile, a Golden Cross last occurred on Nov 24, 2021, which was 464 days ago. Any number of things could affect AION’s value in the future, including changes to regulation, the rate of adoption by retail and institutional investors, and technological developments.

Initially, the algorithm was called ASIC-resistant, but the mining gear has developed since then. The Everest version of Aion launched a DPoS-PoI hybrid consensus mechanism employing Validators and Backers. If Backers stake the computing power or AION, the validators distribute rewards when a block is validated. This scheme of action was developed for balancing financial and computing power. With Aion, the open application architecture provides an alternative business model that is applied to decentralized platforms. CFDs are leveraged products, which means that you only need to deposit a percentage of the full value of the CFD trade in order to open a position.

It expected the cryptocurrency to have hit $0.084 in a year and its AION price prediction for 2025 said the token would have climbed to $0.18. By the beginning of the next decade, a maximum price of $1.19 was expected. CryptoRank provides crowdsourced and professionally curated research, price analysis, and crypto market-moving news to help market players make more informed trading decisions. If you’re looking for a set of practical and insightful crypto market information and data, we have the analytics tools to suit your business needs. In addition to the simple moving average , traders also use another type of moving average called the exponential moving average . The EMA gives more weight to more recent prices, and therefore reacts more quickly to recent price action.

Some traders use different moving averages than the 50-day and 200-day SMAs to define death crosses and golden crosses. However, all definitions include a short-term SMA crossing above or falling below a long-term SMA. If you’re considering a purchase, take a moment to check out Kriptomat’s Recurring Buy program. This innovative portfolio-building service allows you to schedule automatic purchases on a weekly, bi-weekly, or monthly schedule. Many GAL financial advisors recommend this strategy for building value in an investment portfolio.

The total supply available for purchase during the token sale was 465,000,000 AION. Consensus 2018 is the fourth annual blockchain technology summit hosted by CoinDesk. The total dollar value of all transactions for this asset over the past 24 hours. The percentage of Binance customers who increased or decreased their net position in BTC over the past 24 hours through trading.

Aion’s price quote is based on transactions taking place at each exchange. The trading volume and liquidity are different for each exchange, and those differences affect the price. The AION exchange rate is decided by supply and demand on cryptocurrency exchanges. When more people are buying Aion than selling it, the price goes up. When a billionaire entrepreneur tweets support for a particular coin or token, the price often goes up.

It lets developers and aion cryptoors transfer assets between blockchains with ease. AION also enables the execution of smart contracts and data transfers on other blockchains, including Ethereum . Moving averages are among the most popular Aion price prediction tools.

• Aion Tokens are used to secure the overall network, create new blockchains and monetize inter-chain bridges.
• The market capitalization of Aion can change significantly in a short period of time.
• The individual consensus is required on each bridge employing a certain consensus mechanism from the main chain.

After a difficult four years, AION, the token of Open Application Network , is showing signs of recovery, with its price rallying by 42%, along with surges in its network activity. 84% of retail investor accounts lose money when trading CFDs with this provider. When trying to make a Aion forecast, many traders also try to monitor the activity of AION “whales”, which are entities and individuals that control large amounts of AION.