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Price Analysis

IOTA’s 30 Days Movement Exhibits a Sluggish Trend

  • IOTA (MIOTA) was trading around 0.275989 USD

To promote innovation, IOTA has joined Odyssey Hackathon 2020 in the Netherlands as an ecosystem member. The event will be inaugurated on November 07. It will feature several international speakers, technology-based challenges, and future hackathon teams. Further, IOTA can now be added on STM32-based project for a fee-less transaction. The new option for transaction will also enhance data integrity.

IOTA Price Comparison

Let’s have a look at the price variation in the coin throughout 25-days. On September 13, IOTA was valued at around 0.2404 USD. From there, the coin, shoot up by a margin of 14.8% today. Similarly, In the weekly trading, the altcoin strengthened by a small margin of 3.14% from the level of 0.2676 USD on October 02. In yesterday’s trading also, the crypto moved up by 5.04% from the level of 0.270474 USD. Finally, it closed the other day at 0.284115 USD.

IOTA Price
IOTA Chart By TradingView

As per our speculation, the immediate resistance for the coin is at 0.2898 USD and support is at 0.27333 USD.

STM32 is an electronic name for swipe machines and enabling the payments in IOTA on those by using wallets directly is a commendable enhancement made by the foundation. Further, the focus of the chain on innovation using Hackathon will go a long way in curbing down the issue of adding new advancements in the blockchain. Meanwhile, the short-term is slightly bullish. However, IOTA is expected to take a plunge again in the near future, and that will be a good opportunity for earning some profit.

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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.

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