Popular altcoin IOTA coin, saw a strong price increase today as bulls charged briefly. In this context, IOTA reached $0.253 with its price increase. The price increase was accompanied by a significant increase in trading volume, indicating strong market interest and activity. According to CoinMarketCap data, IOTA’s transaction volume increased by 597% in the last 24 hours, reaching $153.47 million.
At the time of writing, the altcoin rose 14.05% in the previous 24 hours to $0.247. IOTA is outperforming the top 100 in terms of gains as Bitcoin price remains stable on a daily basis, resulting in small gains or even losses for a large number of altcoins.
IOTA had the second-biggest daily gain behind helium (HNT), which rose as much as 30% following the announcement of a major partnership.
The altcoin experienced a decline, affected by the recent market crash. However, it recovered slightly with an increase of 4.22% in the last seven days, relatively compensating for this decline. Especially, cryptocurrency The unit started to show signs of recovery after reaching the $0.196 support, which corresponds to the daily MA 200, on January 23. The upward momentum continued and the IOTA coin has continued to gain since then, including today.
Optimism Around IOTA Is Increasing
Along with these, optimism regarding the IOTA ecosystem has caused an increase in the IOTA price. it could be.
“#Decentralization and security are key at #IOTA.” @DomSchiener discusses engaging with regulators to ensure blockchain technology thrives without regulatory barriers, paving the way for a scalable, decentralized future 🌐 .
— IOTA (@iota) January 24, 2024
In an AMA conducted by KuCoin, IOTA co-founder Dominik Schiener emphasized that the company is focused on tokenizing real-world assets, bridging the gap between the digital and physical realms, which is a critical step towards true blockchain integration, moving from innovative concepts to productive use.
Koinfinans.com As we reported, IOTA claims to be the first DLT Foundation organized by the Abu Dhabi Global Market in the United Arab Emirates. The previous year, a new IOTA Foundation was established in Abu Dhabi, United Arab Emirates, to expand globally.
Along with these, IOTA aims to expand geographically, especially in Asia. The crypto community will continue to monitor the future performance of the IOTA coin.
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