Source: Visual Generation – Shutterstcok
- The migration of the Chrysalis network will massively increase market acceptance – the official start date is April 21, 2021.
- IOTA Foundation for Smart City projects in Asia and Europe through an agreement with the South Korean OBSR Foundation.
- Price Analysis: The latest trends are promising and point to further highs very soon.
IOTA is a cryptocurrency WITHOUT a blockchain. Sounds almost impossible, doesn’t it? It runs on a DAG-based framework “An open, Feeless data and value transfer protocol”. Fancy!
Since prices have seen a strong upward trend since January, it could be VERY interesting to buy this coin when there are big drops! Read on to find out how this unconventional crypto could skyrocket all of 2021.
Last phase of the major network update on April 21st
IOTA’s Chrysalis network migration Basically, this means that the simplicity, security and usability of the coins will be massively improved. With so many potential uses coming soon, it’s no wonder the price of this coin has skyrocketed!
The IOTA token has risen from $ 0.29 at the start of the year to $ 2.00 at the time of publication. That’s an incredible + 590% gain!
Agreement signed for smart city projects from 2021
The IOTA Foundation recently announced the signing of a “strategic agreement with the South Korean OBSR Foundation and Tanglehub to jointly apply for Smart City projects in South Korea and Southeast Asia.”
Here’s what you need to know:
- The three-way collaboration promises to make smart cities possible “In a way that wasn’t possible before. Networked, sustainable and adaptable to all needs. “
- IOTA is to provide the core infrastructure for the development of production-ready solutions for smart cities
- Tanglehub is already conducting tests in which IOTA is integrated into nearby stations in order to back up data directly at the source
This means that IOTA could soon become the key component for countless smart city infrastructures worldwide, which could lead to a massive increase in value.
Positive upward trend in market scanners and more
With the Price Action Scanner from ProfitFarmers you can quickly and easily identify profitable trends. The colored dots represent the price development in each time frame. More green, stronger uptrend. More red, stronger downtrend.
We see JOTA is available in a wide range, with dips in the smaller time frames and strong uptrends in the larger time frames.
You can even get your hands on this market scanner here for free!
ProfitFarmers also generate trading signals that play different types of price promotions and they recently sent one out short term scalping Trading signal for IOTAUSDT:
So far it has already reached Profit Target 1 and has dropped back into the entry zone. Based on the summary of ProfitFarmers’ signaling strategy, the company could consolidate around entry-level prices for a few hours before moving higher again.
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Summary of the IOTA price prediction:
With the launch of Chrysalis in a few days, IOTA’s new partnerships for building smart cities, and price promotions pointing to higher highs, IOTA looks very promising to buy on big drops. Don’t forget to get some ProfitFarmers signals for free to get even more crypto profits!
You should ALWAYS do your own analysis and research before investing in any cryptocurrency. Using ProfitFarmers Free Market Scanners is a smart and easy way to analyze!