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Aion

AION (Aion) Coin Analysis 12/04/2021Fundamentals: Aion is the token used to secure and access The Open Application Network (OAN). Launched in 2018 in Canada, The OAN is a public network available to everyone. Managed by The Open Foundation, a registered not-for-profit organization, OAN aims to give the public an environment to create Open Apps. The main purpose of The OAN is to facilitate interoperability between different blockchains, thus allowing users and developers to create a variety of applications. By making the AION token the core of the network, OAN enables users to execute smart contracts, store data, and share it between different networks. The Open Application Network is a disrupting factor in the world of cryptocurrency, as it aims to bridge the gap between different blockchains. The AION token is essentially designed to allow developers and buyers to transfer from one blockchain to the other easily. Not only that, but AION provides for the execution of data transfers and smart contracts on blockchains like Ethereum and NEO. The lack of interoperability between blockchains is still one of the factors preventing the technology from entering the mainstream financial world. AION aims to create a platform that will effectively be able to replace the current way banks are running global finance. The OAN has already partnered with numerous big names in the industry like CryptoCurve, Nodesmith and BlockX Labs. Not only that, but AION is a member of the Blockchain Interoperability Alliance. The OAN blockchain and AION token are secured by a combination of delegated proof-of-stake (DPoS) and proof-of-importance (PoI) consensus methods. One important characteristic of the blockchain is that it relies on a Byzantine Fault Tolerance for additional security. DPoS is a relatively new consensus mechanism, which relies on stakeholders for the validation of new blocks, and thus, the creation of new tokens. Unlike the proof-of-work (PoW) consensus, which requires a lot of computing and electrical power for the mining process, PoS consensus mechanisms are more scalable and environmentally friendly. By placing importance on the number of coins staked. The Open Application Network is run by CEO Matthew Spoke and COO Ian Chan. Matthew Spoke is a University of Ottawa graduate and has worked for several blockchain-centric enterprises. He is also the founder of the Blockchain Technology Coalition of Canada. Spoke is also a founding member of Nuco, an enterprise blockchain network solution. In 2020, he started working on Moves, an app designed to stimulate the booming gig economy. Ian Chan serves as the COO of OAN. He has several degrees from universities including Harvard and the University of Toronto. Specializing in growth mechanisms for the financial industry, Chan has had a wide array of professional experience. In 1998, he became the senior vice-president of the Thomas Cook Group. Later, he moved on to working at Hewlett Packard, and in 2005 he joined Deloitte. Since 2018, he has been focusing on developing The OAN. There is a total supply of 487,496,874 AION tokens. Currently, all of the total supply has entered the market and is actively being traded. There is no information on whether OAN plans to release more tokens in the future or if the current total supply will also be the maximum supply for AION. Founders and other team members received about 40% of the total supply of AION tokens. Another 51.5% of AION tokens were directed towards Token Release Schedule Contracts, which will be gradually made available to the public over time. Finally, the remaining 8.5% of tokens were distributed among private investors interested in the seed phase of AION’s launch. The live Aion price today is $0.477136 USD with a 24-hour trading volume of $29,538,692 USD. Aion is down 7.14% in the last 24 hours. The current CoinMarketCap ranking is #199, with a live market cap of $234,954,584 USD. It has a circulating supply of 492,427,074 AION coins and the max. supply is not available. The top exchanges for trading in Aion are currently Binance, BiONE, CoinBene, KuCoin, and Bithumb. Technical Analysis: as specified the coin has done it initialization and Accumulation Phase and currently is on the Move UP phase. as of now as we are in the Parallels Legs of Fibonacci Projection, we may have some resistance and distribution followed by some price correction to some lower levels for Reaccumulation and preparation for the higher impulsive cycles. there are total of 3 Targets defined by Fibonacci Projection. where as currently we are close the 1TP which is the extension level of fib Projection and it acts as confirmation of our 2 TP. Sentimental analysis: as we are currently in a Crypto Bull run and Bitcoin Dominance is at the Falling stage so does the Monetary Value of it gets distributed to the Altcoins and (Aion) has some good chance of acquiring some volume for better growth. it make the Sentiment of the markets to be bullish on it
ALong
by BitonGroup
5
AION/BTC Update: Still 5-60x from here.AION currently consolidates above! our first soft target. If this previous resistance turns into support it serves as another great early entry. The purple line is broken. We are now entering the parabolic recovery phase. Enjoy the ride guys. Basic rules: - Never buy the top/ATH - Take profit as long as you can - Use Stop/loss for leveraged positions - If you are not experienced, don't leverage in the first place Enjoy the ride and don't be too greedy. If you like the content, please like, comment and give this channel a follow. Always do your own research and keep in mind that my charts and comments cannot be considered financial advice. Cheers ps. Chart explanation: Main lines: - Green lines are tested support lines. - Orange lines are resistance lines or, if we are above, possible support lines which were not tested yet. - Cyan line is for volume trendline. Helplines: - Purple lines are trendlines we take a look at. - Yellow lines are for visual help only. Boxes: - Either entry zone or support zone. Check the description.
ALong
by tumbler55
3
AION - good potential!Hello, today wanna share with You my one more buyings 🤫 Grab it while everyone is silent about it - that's the main principle in choosing altcoins! ha ha!🤣 In fact, this coin has good potential, that's why I recommend it! If you look at my previous analyzes, you can replace that I never recommend HYPE coins, because it's common for beginners to buy on highs - and it's leads to losing money! I'm here to keep you safe!🙏 Thank you for attention♥️ Stay with me😊 Sincerely Yours Rocket Bomb🚀💣
ALong
by RocketBomb
3
AION bout to full send it. 2400% to ATH, do you believe loltbh AION i think is done accumulating. looks perfect and now things are in the markup stage. From where we are right now its a full 2400% to ATH. not saying that it will hit it, but thats crazy discount from ATH. with the rest of crypto loooking rpimed and ready to explode, only a matter of time before these little gems start to blow up as well. however, i also count 5 waves in this impulse wave up, and this could be the first waave just completing aand now we await the correction (usually 3 waves), i've outlined a weekly OB that can serve as a perfect bounce point and would serve as a very good retest of previous resistance - this said, a handle has already formed in this area and may have tapped into some of the liquiditiy there so this zone may already be testsed, but the wave count also says we're done, as is the volume (steadily decreasing as price increases - bearish) and the fact that we smacked into a weekly OB and have wicked away from it may mean we have another opportunity to get back in. anyways, i'm eyeing: (1) 0.31-0.36 (2) 0.25-0.30 as 2 areas where I think things will look good to jump on. but then again, wth do i know. don't trust a thing im saying, i'm full of crap.
A
by EnZo
2
AION 4100% Tendies at the bare minimum. THIS IS GOING TO BLOW!Structure analysis rules that if $12 was the high $0.03 was the lows and we are in a bullish market, meaning we are making higher highs and higher lows, we will at the very least revisit the previous highs. As of current we have continuously made higher highs and higher lows and are very much in an established up trend. I know this is a "Dead coin" and that the team have stopped developing on it but with this technical set up I guarantee it will at the very minimum revisit its previous all time highs of $12. From the price it is at now, that is a 4100% gain or 41X. For me that's worth the risk plus I am a firm believer that fundamental analysis dose not mean jack diddly shit (Doge coin as an example) with that being said, I'm putting my money on this technical setup being catalyzed by some random Aion news being announced at some point during this Bull rally. Disregarding this insane technical set up, have a look on coin marketcap and all the markets this coin is on... that means it is very easy for liquidity to be thrown at it. We are on the verge of alt coin season and what ever you chuck your money in will go up for me this is one of the best plays that hasn't flourished yet. When people say its a scam and a dead coin that just screams buy as you "buy into fear" and at the end of the day speculators want to make money... For me this looks very similar to the KCS set up I announced a while back. This is just opinion and not financial advice, I am not responsible for any losses that may occur from trading. Invest at your own risk.
ALong
by TrimmerTrading
35