IOTA hackathon 17th January, how will it affect price?

On the 17th of January IOTA will conduct a hackathon. Whats that? A hachathon takes its name from hacking and a marathon, so basically a lot of hacking goes on.

That doesn't sound good? Well the point of these types of events are to hack the network in a safe way (people involved aren't malicious). This means any threats discovered can be fixed with the network ultimately coming out stronger for it. Some of the top IOTA develpers, including co-founder Sergey Ivancheglo will attend the event.

So how does that affect price? Well it depends on the outcome. If there are a few improvements made as a results there will likely be more confidence in IOTA. On the day however the network will for sure be under strain and perform badly, potentially making people lose some confidence. Overall these events improve the product offered, one thing crypto investors love is updates. So their could potentially be a increase in IOTA price around this date.

This is just my opinion though so do your own research and certainly don't invest based on just what I have said.

Post from twitter:

First Russian IOTA Hackathon on the 17th of January

https://www.facebook.com/events/167737167319270/

co-founder Sergey Ivancheglo (CfB) and IOTA Foundation member Max Minchenkov will be present

#IOTA

Event description:

The first ever IOTA + IOT meetup in Russia. IOTA is a platform for Internet of things based on blockchain. A meetup is intended for enthusiasts and blockchain experts, as well as IOT community leaders to discuss the technologies and their perspectives

Please upvote/resteem if you like this post and comment to let me know your opinions. Thanks for reading.

Image 1: https://en.wikipedia.org/wiki/IOTA_(technology)
Image 2: http://www.altcointoday.com/iota-expands-distributed-ledger-research-to-preeminent-universities/
Image 3: https://satoshiwatch.com/coins/iota/articles/glaring-dishonesty-mit-researchers/