MIOTA (IOTA) has shown a strong consolidation near the $1 region over the past month and is currently trading at $1.28.
IOTA has been on a price spike with a strong consolidation followed by a break above the $1 level. The token is currently trading at $1.28 at the time of writing. If IOTA manages to break through the resistance levels located at $1.40 and $1.46, a new “altcoin season” could begin with IOTA leading the pack. IOTA is one of the strong altcoins with a strong use case powering the Internet of Things (IoT). Another 20-30% price increase could be in store if the current bullish rally continues.
Where and how to buy IOTA in France and elsewhere?
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What is IOTA and why is it on the rise?
IOTA uses an interesting technology called “Tangle” and it is built to power the IoT universe. It has partnered with many well-known companies and is considered a strong altcoin. It is built for microtransactions and has proven to be aover the years.
Its current price hike could be triggered by rumors of the Nectar upgrade that will enable smart contracts on IOTA. The network is also working on adding new features to its wallet solution called Firefly. IOTA’s tangle has also been adopted by SUSEE (Secure Sensor Platforms for Smart Energy Networks).
Should I buy IOTA today?
IOTA has been showing signs of consolidation and if it manages to break through the strong resistance near the $1.40 area, it could trigger a new rally for the token. IOTA has a lot of upgrades in the pipeline and is a strong candidate for the top five crypto-currencies going forward. Early and patient investors in IOTA could see big gains, but the token will also test investors’ patience.
This article is informational only – none of its contents should be construed as financial or investment advice.