Price Analysis

IOTA Hikes by 13% With its Intraday Movement

eToro

The Foundation has introduced IOTA Chronicle, a permanode solution. Using the chronical, any node owners can store all IOTA transactions in a fast, secure, scalable, and distributed database.

IOTA to USD Comparison:

Let’s analyze the variation in the value of the coin for 25-days. On August 23, IOTA (MIOTA) was valued around 0.2638 USD, but today the coin is trading with a bounce-back of 6.8%. In a week of trading, the coin has gone up by a huge margin of 18.97% from the level of 0.2358 USD on September 13. Similarly, in yesterday’s trading, the coin has marked a hike of 13.17%. It opened, the other day, at 0.263271 USD and wrapped the day at 0.297943 USD.

eToro Crypto
IOTA Price
IOTA Chart By TradingView

IOTA Price Prediction:

IOTA has been trading in the red zone for a long time. However, this bull run has pulled the coin out of the negative sentiments. Further, IOTA is expected to up from here. The immediate resistance in the coin is at 0.3206 and the support is at 0.2688 USD.

Conclusion:

The launch of IOTA Chronical and the option it provides to any node handler of storing the details of the transaction locally will go a long way for the blockchain. As you can see in the chart, the coin is showing an overall bullish trend and it’s the right to make a profit from the crypto.

Mehak Punjabi

Mehak Punjabi is a post graduate in MBA with specialization in Finance and has joined CryptonewsZ with a skill building view in the world of cryptocurrency and blockchain. She is dynamic and a quick learner with a hold on financial analysis.

Related Articles

Back to top button