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Hackster and the IOTA Foundation have joined hands

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Hackster and the IOTA Foundation have teamed up to launch an exciting new contest called Machine Money: Empowering Devices with Wallets with $3,000 worth of prizes being awarded. The contest revolves around integrating a new distributed ledger technology called IOTA into an Internet of Things [IoT] device so that any device has the ability to sell and buy goods or services for money. Project examples that have already been built include light bulbs that are illuminated by receiving IOTA tokens, routers that sell users internet access, and an electric car smart charger that operates with IOTA tokens. The applications are endless.

Contest submissions close on September 15, 2019, so get registered soon and start building for a chance to win prizes like the DJI Mavic Air drone, the Cetus3D printer, an Oculus Quest, or even IOTA tokens.

IOTA powers a settlement layer that is secure, scalable, and fee-less. IOTA is unique because it solves the problems that have emerged with blockchain technology such as long transaction times and fees by utilizing a new technology called the Tangle. The Tangle is unlike other distributed ledger technologies because transactions are not grouped sequentially but instead linked together like a net.

To make a transaction, a user needs to verify two previous transactions. This “pay it forward” incentive in order to use the IOTA protocol eliminates the need for financial incentives and fees, making it ideal for micro-transactions. This structure, where all users are validators, translates to greater efficiency in validating transactions facilitating large scalability. Not only can IOTA be used to trade goods and services but it is also ideal for transferring and securing data as everything is encoded. If you are interested in learning more click here.

The future is trending towards a machine economy where devices will be able to autonomously make transactions between each other. The IOTA protocol is the technology that will facilitate this leap. Jump in and build a device that uses the IOTA protocol in this exciting Hackster contest.

.Source: ambcrypto

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IOTA

IOTA: The market falls as MIOTA price trades in the oversold region

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IOTA price is likely to resume its bullish trend soon because the price seems to have reached the oversold area of the market.

Key Highlights

  • IOTA/USD pair is trading below the $0.25 price level
  • IOTA market had been trading above the historical price level of $0.25 since April
  • The coin is likely to rise again as the market reached the oversold region

IOTA Current Statistics

The current price: $0.238367

Market Capitalization: $662,549,024

Trading Volume: $9,434,046

Major supply zones: $0.30, $0.35, $0.40

Major demand zones: $0.20, $0.15, $0.10

IOTA Price Analysis August 14, 2019

The price of IOTA is bearish as the market reached the oversold region. Presently, the market is trading above the $0.25 price level. This was the previous low of April when the market reached the oversold territory.

On April 28, the bulls scored an upward movement but were resisted at the $0.30 price level. The market fell to its previous low and commenced another upward move and broke the $0.30 resistance level.

The coin rose and reached the $0.45  overhead resistance in May. The market was trading below the $0.45 price level since the previous month before the bulls were resisted on June 22. The crypto’s price fell, and it is currently trading above the $0.25 price level. On the upside, the price of IOTA is likely to rise because the price action may respect the historical price level.

IOTA technical price analysis TWJ

Chart Indicators Reading

The RSI (Relative Strength Index) Period 14 is level 33, indicating that the coin’s market is advancing towards the oversold region. The 12-day EMA and the 26-day EMA  are above the price of IOTA, which means a bearish signal.

The price of IOTA is likely to rise after testing the lower trend line. On the upside, if the crypto’s price rises and breaks the upper trend line and then closes above the trend line, the market is likely to resume its bullish trend.

General Outlook for IOTA

IOTA price is likely to resume its bullish trend because the price seems to have reached the oversold area of the market. As was the case in April this, buyers are expected to emerge. Traders should benefit and lookout into buying setup to initiate large orders. Traders should place stop-loss orders below the $0.24 price level.

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IOTA Price Analysis: IOTA To Continue To Bearish Run For Quite Some Time Now, May Trade Around $0.30 Only

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IOTA was valued at $0.34 on 13-July-19. Post this date, the prices of the coin began to drop, and there were a couple of sharp falls. Due to this, the price of the coin fell as low as $0.25 on 16-July-19. The coin did manage to change the scenario and rose upwards; however, prices began to fall again. From 27-July-19 till about 7-Aug-19 the movement of the coin has been more or less in the same pattern without any drastic rise or fall. At the time of penning down, the price seemed to be more or less stable around $0.25.

Let us look at how the coin has performed over the past month.

The price analysis of IOTA is as below:

IOTA Price Prediction
IOTA Price Chart by TradingView

Current Data of the coin:

  • IOTA is currently ranked at 19th position in the crypto market.
  • Coin’s current market cap is marked as 711,279,092 USD.
  • IOTA is valued at $0.25 at 07:45 UTC.
  • 24-hour volume numbers are $6,092,995
  • The circulating supply of the coin is 2,779,530,283 IOTA.
  • The coin offers an ROI of -59.90%.

IOTA Price Evaluation and Future Forecast:

If we compare the current trading price of the coin with the highest value of last month when it had reached $0.34 on 13-July-19 at 15:30 UTC, it indicates a bearish run by 26%.

As per the current trend, we anticipate that IOTA may continue to trade around $0.25 by the end of the day. After about a few days, the coin may manage to change the bearish scenario and begin to rise upwards. The MACD of the coin also indicates a bearish move in the negative zone as the signal line crosses the MACD line.

Conclusion:

Looking at the movement of the coin today, investors may purchase as well as sell the coins as per their discretion. Trading for a short-term basis in the coin may not be that effective as the coin has enough potential to attain newer price marks.

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IOTA grants $5 million for Coordicide research program

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  • The IOTA Foundation has granted $5 million for Coordicide research, as reported via an official blog.
  • It is part of an upgrade for IOTA, that was announced back in May, as they wanted to remove the centralized coordinating note from the network. 

IOTA will be granting Coordicide research program $5 million for the research, according to a blog statement by the foundation.

Back in May of this year, the move towards Coordicide was announced, it was an upgrade for IOTA which has been planned; the centralized coordinating node of the network was to be removed by this move.

The IOTA Foundation is further contributing to this process by offering five million dollars IOTA grant in the form of smaller grants for research related to Coordicide. In terms of fields of interest they include; the prevention of spamming, optimization of the network, reputation systems, and the decentralized random number generation.

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