The Foundation has introduced IOTA Chronicle, a permanode solution. Using the chronical, any node owners can store all IOTA transactions in a fast, secure, scalable, and distributed database.
IOTA to USD Comparison:
Let’s analyze the variation in the value of the coin for 25-days. On August 23, IOTA (MIOTA) was valued around 0.2638 USD, but today the coin is trading with a bounce-back of 6.8%. In a week of trading, the coin has gone up by a huge margin of 18.97% from the level of 0.2358 USD on September 13. Similarly, in yesterday’s trading, the coin has marked a hike of 13.17%. It opened, the other day, at 0.263271 USD and wrapped the day at 0.297943 USD.
IOTA Price Prediction:
IOTA has been trading in the red zone for a long time. However, this bull run has pulled the coin out of the negative sentiments. Further, IOTA is expected to up from here. The immediate resistance in the coin is at 0.3206 and the support is at 0.2688 USD.
The launch of IOTA Chronical and the option it provides to any node handler of storing the details of the transaction locally will go a long way for the blockchain. As you can see in the chart, the coin is showing an overall bullish trend and it’s the right to make a profit from the crypto.
IOTA Embarks Slight Improvement Over the Last 24 Hours
IOTA price movement has a history of astounding traders. The currency is popular for its hasty speed. The traders who have invested in the coin must be aware of the result-yielding proportion. The coin is anticipated to give good results to the traders.
The currency started dealing with the bear since the opening hours. However, recently, IOTA is seen marking improvement. The same has spiked hope among the intraday traders that the coin might fight the market pressure and close the day with a profitable digit.
IOTA Price Prediction
Yesterday, IOTA started dealing at $0.25818. The price slipped to $0.25410 within the next few hours. Later, the price escalated to $0.26848 by 5.6%, marking it as the highest point of the day. The price slipped to $0.2584 by 3.73%. Later, the IOTA price again picked up and touched $0.2662 by 3.05%. The currency dropped to $0.2634 by 1.10% in the later hours. The intraday movement of the coin reflected an overall improvement of 2%. Today, the coin started dealing at $0.2634. The price slipped to $0.2578 by 2.11%. Recently, IOTA has embarked uptrend once again. The price is currently dealing at $0.26223.
Unlike many other coins in the market, IOTA is currently indicating improvement. There are many coins in the market that are dealing at or below the major support level. Here, IOTA hasn’t breached the immediate support level. IOTA is recommended for long-term investors as it would bring the traders their desired return.
IOTA price analysis: IOT/USD catapults above $0.2660
- IOTA broke free from the recent tight range.
- IOT/USD may continue growing towards $0.2700.
IOTA, the 18th largest digital asset with the current market value of $748 million, has been growing strongly been growing on Thursday albeit the sell-off on a broader market. The coin has gained over 3% on a day-to-day basis. The coin hit $0.2679 high during early Asian hours and retreated to $0.2662 by the time of writing.
IOTA’s technical picture
IOTA is one of the best-performing coins on Thursday. The coin has been range-bound for several days after hitting the low at $0.2569 on November 11. However, a strong move above SMA50 (Simple Moving Average) 1-hour located on a psychological $0.2600, inspired a sharp growth towards the next barrier at $0.2663 (SMA200 1-hour). The price attempted a move above this hurdle but retreated back so far. Once it is out of the way, the upside is likely to gain traction with the next focus on $0.2700.
On the downside, the first line of support is identified at $0.2600-$0.2580. It coincides with the lower boundary fo the recent consolidation range. If it is broken, the sell-off is likely to gain traction with the next focus on $0.2569 (November 11 low) and $0.2438 (October 23 low).
IOT/USD, 1-hour chart
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IOTA’s Co-Founder Sells His MIOTA Coins, Community Led to Believe IOTA Goes Beyond Crypto
IOTA’a co-founder Sergey Ivancheglo says he quits working in crypto and has sold all of his crypto holdings, some now believe that IOTA’s overgrown being a mere coin
A short while ago, one of the IOTA founders, Sergey Ivancheglo stated that he leaves the cryptocurrency sphere and sells all of his MIOTA coins. That was announced during a Discord AMA session, reports Micky.
Leaving IOTA for good
Ivancheglo said that he leaves the IOTA Foundation so as to avoid the conflict of interests since he also works for other blockchain projects. He confirmed that his work on Qubic and Aigarth (both are IOTA-based projects) will continue. However, he does not want to deal with crypto any longer.
Ivancheglo did not name any other particular projects he is engaged with.
Earlier this year, in summer, he quit the IOTA’s board of directors and since then worked as an independent IOTA developer.
The community believes IOTA is much more than crypto now
In the comment thread, some of the IOTA community members assumed that Ivancheglo is quitting and selling all of his MIOTA stack due to one big reason – IOTA has evolved into a real protocol instead of being a mere cryptocurrency.
However, opinions split here.