IOTA Price Update Uptrend Expected

IOTA, the blockchain based platform promising to revolutionize the Internet of Things sector as we know it to be, has been a major name in the world of cryptocurrencies for some time now. The IOTA platform has gained a lot of momentum of late, especially since the launch of the IOTA Ecosystem. The platform might have a lot of momentum behind it, but somehow it isn’t being reflected in the currency prices as IOTA continues to be trapped in a downtrend.











IOTA has been showing a tipsy-turvy momentum where prices rise one day and fall the other. This sort of a momentum will continue for a few more days till IOTA reaches the line of resistance and breaches it in a week. The currency currently ranks in at #10 when it comes to the market cap.

IOTA Price Over The Past 24 Hours

The past 24 hours have been good for IOTA. The currency has risen by about 2.5% as it started the day at a price of $1.92, surged to a high of $2.05 – but closed the day at the price of $1.96.

IOTA Price Over The Past 7 Days

Over the past seven days, IOTA has shown a slow sign of an uptrend – however, it still lacks a major breakout moment. The currency began the week at a price of $1.86, reached the week’s high of $2.05 earlier today but closed the week at a price of $1.96. Over the week, the market cap reached a high of $5.76 Billion. Much of the momentum that IOTA has gained is due to the announcement of the IOTA ecosystem.

IOTA Price Expectations

While the growth of the currency is a welcome sign, it was almost expected. A series of such waves are expected in the graph till IOTA price finally reaches the breakout point next week. The graph above shows the expected movement of the currency prices. For now, it is expected that the real test of IOTA breakout price would be at the $2.1 mark.





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