IOTA Coin hitting no. 6 in one time. What the hell is happening?

in #cryptocurrency7 years ago

Hi everybody,

Guess we are used to some big swings in the cryptocurrency market. But today IOTA ended on the 6th place when it comes to total market capitalization. So guess I am a bit puzzled, also since it concerns a so called new generation cryptocurency not needing a blockchain, not needing any mining and has nearly no transaction costs. Is blockchain already getting old school?

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It's at #6 because it was an ICO and it was already gathering capital before it went on the exchange. Nothing to be alarmed about.

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