IOTA is currently priced at $0.2570, with a 24-hour increase of 46.9%, and a trading volume of approximately $1.246 billion, representing a staggering 9352.08% increase in trading volume. The turnover rate is 189.19%, indicating high market activity. Among all cryptocurrencies, IOTA ranks 75 in terms of market value, and 288 in AICoin's popularity ranking. Despite the current price being far below its all-time high, the recent significant increase and high turnover rate may indicate a growing market interest in IOTA.
Historical Highs and Lows
As of now, IOTA is priced at $0.2570, significantly lower than its all-time high of $5.25 (recorded on December 19, 2017). However, compared to its historical low of $0.081637 (occurred on March 13, 2020), the current price has seen an increase.
Technical Analysis
According to AICoin's custom indicators, IOTA's 15-minute RSI indicator has shown overbought conditions in the recent past but has since declined. At the same time, the Bollinger Bands have not indicated an overbought signal. The 4-hour MACD indicator shows a golden cross and a crossover above the zero axis, indicating a potential bullish trend. However, the TD sequence has shown 9 consecutive upward cycles, suggesting a risk of a pullback.
Market News
Recently, IOTA established the IOTA Foundation for the IOTA ecosystem DLT with a $100 million investment in Abu Dhabi, which sparked a strong market response and led to a 43% increase in IOTA's price. Additionally, IOTA has launched IOTA Identity 1.0. These positive developments demonstrate IOTA's active expansion of its ecosystem and enhancement of its technological capabilities, which may further drive its price up. However, investors should continue to monitor subsequent market dynamics and IOTA's development in order to make more accurate investment decisions.
Project Introduction
IOTA is a feeless cryptocurrency designed for the Internet of Things. Its innovative quantum-resistant protocol "Tangle" achieves features such as zero fees, unlimited scalability, and fast transactions.
IOTA is already listed on two major trading platforms, Binance and OKX, and users can conveniently conduct authorized trading operations through AICoin.
Buy IOTA with a 20% discount on fees
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