IOTA Price Soaring -- IOTA Tangle Gaining Traction Or Market Manipulation?
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30 Minute Chart - IOTA/BTC (Bitfinex)
As you can see, IOTA price has taken a significant rise over the past 24 hours. At the time of writing, the price per mIOTA is $0.564904 USD. This increase in price may be indicative of a market move from Bitcoin to "alts" again. If that is the case, the ceiling for this bull run could be substantial.
The IOTA Tangle is a pretty revolutionary blockchain design that is "blockless". For more information, I highly encourage you to check out the IOTA Whitepaper
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I really like the concept of Iota, and have been consolidating a small position in this coin all the time it was <$.50 .
The DAG is a very elegant alternative to blockchain, and if the devs can pull of their vision, then feeless and fast transactions could be a real game changer, especially in the arena of micro-transactions.
There is still valid criticism about the Coordinator that essentially makes this a centralised coin until it is removed however. But as the devs say, it is to prevent the nascent network from being attacked and crippled before it has a chance to scale and deliver.
A very ambitious project, a bit of gamble due to the unproven nature of the tech, and a coin for the long hold (3-5 years). Cosnidering the interest this coin is getting from big industry names like Bosch, Fujitsu, Volkswagen, Innogy, and the involvement of top universities like UCL + Imperial, it could pay off bigtime!
Very good article
The usual pumps and dumps. Carry on.
you are a pump and dump
blergh
Great analysis, thanks! Just added you to my witness votes, and followed you.
Why I bought some IOTA:
If it works as intended, it solves the scalability problems associated with blockchain.
The partnerships are really impressive and can drive wider adoption of the tangle, which will hopefully lead to token use.
Whilst the devs can be extremely abrasive, there is no doubt of their brilliance.
The roadmap is ambitious, and I am looking forward to seeing what they can do with a second layer solution to introduce smart contracts.
The speed of sending a transaction has increased substantially since I first tried it.
A new wallet is on the way (or has maybe already been released?).
So, I am not going to bet the house on it, but the project is compelling enough for me to dip my toe in. I will expand my position as things progress.