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Allora Network (ALLO) – Decentralized AI Infrastructure
Token / Network: ALLO on Cosmos L1 + bridges to Ethereum, Base, BNB Chain
Current Price: $0.32–$0.35 | Market Cap: ~$2.83M–$6.06M | Circulating Supply: ~200.5M ALLO
Support / Resistance: Immediate support $0.32 | Major resistance $0.47
Utility: Pay for AI inferences, staking for network security, governance participation
Key Updates:
Binance HODLers Airdrop (1.5% of supply)
Allora Prime Staking Plan launched to lock supply & incentivize holders
Ongoing zkML implementation for privacy-preserving, verifiable AI predictions
Multi-chain interoperability: Cosmos L1, Ethereum, Base, BNB Chain
Adoption: 300k+ registered AI nodes, 500k+ community users, paid inference usage driving token utility
Strengths: Tier-1 VC backing ($35M+), visionary decentralized AI niche, multi-chain integration, Binance partnership
Risks: Extreme volatility, severe dilution risk (FDV ~4x circulating cap), regulatory uncertainty, confusion with Allo (RWA) token
Outlook:
Short-Term: Price sensitive to staking plan uptake and airdrop unlock absorption
Long-Term: Dominant verifiable AI inference layer potential could drive sustained ALLO demand if execution and zkML roadmap succeed
#ALLO #AlloraNetwork #DeAI #zkML #CryptoAnalysis $ALLO