It has been a rather interesting start to the week for all cryptocurrencies and digital assets. Very strong gains were noted when Sunday afternoon transitioned into Monday morning. That positive momentum is still in place nearly 48 hours later. The IOTA price, for example, has seen a very notable uptrend ever since. A market reversal seems imminent, although there is still a lot of bearish pressure.
IOTA Price Uptrend Continues
Whenever any financial asset starts to gain value for several days in a row, there is some room for concern.
While the year 2018 hasn’t been overly pleasant for any cryptocurrency investor or speculator, the weekends usually offer a breath of fresh air. In today’s edition, there is a clear uptrend where the IOTA price is concerned. This is a welcome change, as it seems most discussions pertaining to this altcoin has somewhat disappeared into the background.
IOTA Price Finally Moves Again
Even though most people may remember IOTA taking the cryptocurrency market cap rankings by storm, it somehow struggled to keep the momentum going.
It remains a bit unclear if and when all of the top cryptocurrency markets will effectively recover. Some positive momentum has been brewing around noon, but it appears those gains are being eroded once again. For IOTA, things are still looking good, as the altcoin notes the biggest uptrend of the top 15 today.
IOTA Price Momentum Isn’t Over
As is usually the case when the weekend comes around, it is difficult to make sense of the current cryptocurrency price momentum.
As all cryptocurrencies are moving up in value, this week may finally become a bit more interesting compared to the rest of 2018. Bitcoin is the latest currency to effectively note some gains, which should bode well for all altcoins and tokens on the market. IOTA is forging ahead in the price department, as its value tops $0.5 once again.
IOTA Price Starts Impressing Traders
Although it has been brewing for quite some time now, there appears to be a renewed interest in various cryptocurrencies.
Date of Review: 18/11/17
Name: IOTA (MIOTA)
Number of coins: 2,779,530,283,277,761
Current capitalization: $ 2,217,862,260
Start date: 21/10/15
Current price: 0.8 $ / 0.0001 BTC
Current block height: no
Creator: David Sonstebo, Sergey Ivancheglo, Dominik Schiener, Dr.Sc. Serguei Popov.
History: After the creation of the product, beta tests were held for several months. Simultaneously, direct auctions of crypto currency (pre-sale) were conducted within 11 months. In 2017, Iota created a 10 million fund to support its own projects in the ecosystem. Then we entered into a bitfinex stock exchange. At the moment, the crypto-currency is in the top 10 by its capitalization. Some sources say that the tangle technology that underlies IOTA is being developed since 2011 as an alternative to conventional blockchain.
Дата обзора: 18/11/17
Название: IOTA (MIOTA)
Количество монет: 2,779,530,283,277,761
Текущая капитализация: $2,217,862,260
Дата старта: 21/10/15
Текущая цена: 0.8$ / 0.0001 BTC
Текущая высота блоков: нет
Создатель: David Sonstebo, Sergey Ivancheglo, Dominik Schiener, Dr. Serguei Popov.
История: После создания продукта, в течение нескольких месяцев проходило бета-тестирование. Одновременно с ним, были проведены прямые торги криптовалюты (предпродажа) в течение 11 месяцев. В 2017 году Iota создало 10 миллионный фонд для поддержки собственных проектов в экосистеме. Тогда же добавилась на такую биржу, как bitfinex. В данный момент криптовалюта входит в топ 10 по капитализации. В некоторых источниках сказано, что технология tangle, лежащая в основе IOTA – разрабатывается с 2011 года как альтернатива обычному блокчейну.