![]() Could The Bitcoin ETF Token Skyrocket Next? Trader Crypto Tony believes that the token will continue its bullish trajectory over the upcoming days, predicting a price target of $0.40 and $0.66. However, as Bitcoin continues to climb over the next few months, IOTA could surge past these resistances as well. Subsequently, the token will face resistance in the $0.49 – $0.51 range, due to the 50-month and 200-week exponential moving averages. The $0.32 to $0.33 price range could be a tough area for IOTA to breach, due to confluence of 100-week simple and exponential moving averages. However, it still faces strong resistance in the weekly and the monthly time frames. IOTA technical analysis from TradingView gives a “Strong Buy” signal to the token in the daily time-frame. With the upcoming launch of IOTA 2.0 and the establishment of a new IOTA Foundation in Abu Dhabi, bulls would hope that the crypto could breach a new all-time high in the upcoming crypto bull run.Īs previously mentioned, IOTA has already skyrocketed over 72% in the past week to trade near $0.315 today. However, it has since been outshined by other newer cryptocurrencies – the token only reached a high of $2.36 in the 2021 bull market. IOTA was one of the most bullish cryptocurrencies in the bull run of 2017, hitting a new all-time high of $5.25. In additional technological advancements, Dominik Schiener revealed that his foundation will tokenize carbon credits and build carbon markets on IOTA, which will help in bringing about climate justice. The new EVM-compatibility and RWA assets are expected to launch in the first quarter of 2024. It will also incorporate a collaborative, asynchronous Nakamoto-based mechanism, which will allow for real-time consensus.īack in October, the Stardust hard fork laid the technical bedrock for IOTA 2.0, which will be rolled-out in a step-by-step process over the next few months. IOTA 2.0 claims to build a “decentralized, egalitarian and sustainable DLT”, which will entail fee-less transactions, utility-based tokenomics and reality-based conflict resolution. This transformation will only be a small part of the broader movement towards IOTA 2.0. By the first quarter 2024, it will become fully EVM-compatible, ideal for DeFi and Gaming applications. ![]() IOTA is expected to transform from an enterprise DLT network to a next-gen L1 blockchain. LBank launched the IOTA perpetual contract with up to 20x leverage, as did MEXC. The announcement was given widespread coverage even by mainstream news publications such as Reuters and Daily Mail UK, which was immediately followed by crypto exchanges listing the token on their platforms. Why Is IOTA Price Pumping?ĪDGM CEO Hamad Sarah Ali Mazrouei and IOTA co-founder Dominik Scheiner signed the launch of the IOTA Foundation on the 29th of November. It is now the first DLT foundation regulated with the Abu Dhabi Global Market in the United Arab Emirates, ideally placing it for rapid expansion in the MENA (Middle East and North Africa) region. The token’s bullish trajectory could be attributed to the launch of the new IOTA Ecosystem DLT Foundation in Abu Dhabi, seeded with over $100 million. According to CoinMarketCap, IOTA is the 58th largest asset in the crypto market, with a market cap of $967 million. With a 20% bull rally today, the token is on the cusp of breaching the $1 billion market capitalization, thanks to a 190% surge in its trading volume. Just as the Bitcoin price hit a new yearly high of $39,000 earlier this week, the IOTA price breached the $0.33 mark on Saturday for the first time in 2023 and has continued to trade near the $0.315 level since. ![]() IOTA is another small-cap that has broken out of its consolidatory price action, soaring by 74% over the past week. ![]() Bitcoin’s bullish strength is now being reflected across the rest of the crypto market, with altcoins such as Celestia, Beam and Terra Classic all skyrocketing by over 20%.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |