IOTA price goes up 750% in the wake of new partnerships
IOTA continues surging upwards hitting 750% gain in the last month and 70.46% gain in the last 24 hours.
Fig.1: IOTA price chart (Source: coinmarketcap.com)
It’s been less than a week since IOTA was struggling with the possibility of touching the $1.00 mark. After going down as low as $0.68-$0.7 within the past two weeks, IOTA has made several attempts to cross the resistance of $0.85-$0.90 and finally succeeded on Nov 27, closing at $1.03.
Following the News of IOTA’s partnership with Microsoft and Fujitsu, IOTA had a very impressive run over the weekend with MIOTA/USD closing above the $1.00 price while opening gates for even more surge.
With a 70.46% gain in the last 24-hours, IOTA has just reached a new all-time high of $2.53 per MIOTA for the first time. With a total cryptocurrency market value of $7.02 billion, IOTA is now the 5th largest cryptocurrency in the world.
For all those who took my advice to invest in IOTA when it was worth quite little (about $0.3), big congratulations to you on your profits, and for those who didn’t, well “I told you so”
The future looks very bright for IOTA and this seems to be just the beginning.
What are your thoughts on the future of IOTA?
Totally missed the boat on this one. I heard about it but never understood what the coin really did. Further more the number of IOTAs in circulation confused me with the pricing. I have seen people sell millions of IOTA on ebay but at low rates compared to actual price posted on coinmarketcap.
It is clearly a coin to have due to the fast rise but I missed out. Will wait for a better entry or not invest in IOTA at all.