Learn why IOTA [MIOTA] holders may have a profitable year ahead

IOTA is one of the rising cryptocurrencies in the market that has offered sustained performance despite having multiple potential competitors. This coin was introduced on June 13th, 2017 and it has been offering remarkable service to its holders scattered across the globe ever since. What probably makes IOTA, a class apart when compared to its counterpart big guns like Bitcoin, Ethereum, and other similar cryptocurrencies, is, it uses Tangle, a pioneering technology, that "enables its users to verify their last two transactions without any interference from the miners.

More than eighteen hundred cryptocurrencies that are traded around the globe, are battling it out in the market to gain the superior stake in the market. Hence, this coin has done a tremendous job in terms of reaching a steady position in the market and sustaining it. Since the financial chaos at the beginning of this year, a significant number of traders are getting their choices zeroed in on altcoins such as IOTA. In this post, you will get to know a few critical aspects of this coin that sets it apart from other cryptocurrencies and why you must hold on to this coin this year.

At the time of writing this post, the cost of 1 IOTA is $1.13 with a 24-hour volume of $72,144,900 and a market cap of $3,147,345,525. On the basis of the market cap, this cryptocurrency stands at the 9th spot on the list of top cryptocurrencies on Coinmarketcap.

It was trading close to $0.35 in November 2017 and holding a market cap of around $1 billion. In only a month, it reached $4 with a market cap of $11.6 billion and announced as the 4th largest cryptocurrency.

With consistent falling prices in the last few months, the new partnerships and launch of Trinity wallet is expected to strongly impact the value of IOTA once the entire crypto space starts to recover.

It is not a hidden fact any longer for those smart investors that Bitcoin indeed has some major shortcomings. IOTA has successfully overcome the technical flaws of Bitcoin and it is being seen as a better cryptocurrency in terms of technology.

As the project is built around IoT and the technology of the connected device is expected to grow massively, IOTA would definitely be one of the biggest beneficiaries in the future. The project has some great minds working on it and the team has been able to consistently build new partnerships.

At its current price, IOTA can be an excellent long-term investment. Do not expect to earn big bucks within a week or month after investing. IoT technology is somewhat at a nascent stage and for it to spread as per the expectations would definitely take some time.

By Sujit Mishra
BCFocus

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