IOTA Price Notes Slight Gains After Zeux Integration – The Merkle News

If Bitcoin price rises out of the blue, all other markets will follow suit in quick succession. Today is no exception in this regard, as the entire top 10 – except for Tether – have lost over 1% in value. Further down the ranking list, the IOTA price is fighting a brave fight. It is really trying to buck the trend and stay above $ 0.30. So far so good for this market.

IOTA price shows signs of potential promise

It is not that easy for any cryptocurrency to make solid profits when Bitcoin goes into the red. However, it remains to be seen how long JOTA can avoid this declining pressure, the current momentum is by no means looking bad. There is some effort on the part of traders to keep this train going and to ensure that a MIOTA does not drop below $ 0.3.

While Bitcoin has lost over 1.3% of its value today, the IOTA price has gained 2.8% in USD value and 4% against Bitcoin. Therefore, a MIOTA currently costs $ 0.307143, or 7,648 satoshi. More than respectable value for a market struggling to generate even $ 25 million in actual trading volume. Following this promising trend, it is expected that this value will be higher.

Unlike other altcoins that are pumping for no reason, there is an IOTA-related development that some people are excited about. Zeux has confirmed that they are adding IOTA as a solution for crypto payments. Developments like this can help make this project known as it can be used to make payments in retail stores. While Zeus may not be influencing the MIOTA price too much, this is a promising sign for the community members.

We are happy to announce that we are adding another #cryptocurrency # IOTA token for #crypto payments in @ZeuxApp https://t.co/MYnbon8btQ@iotatoken @frankjzhou @DavidSonstebo @DomSchiener @NickAyton @ popochen888 @pomp

– Zeux (@ZeuxApp) March 21, 2019

Heico Ebach believes that IOTA is currently one of, if not the most undervalued, market in the entire cryptocurrency. The current market cap seems pretty solid, although some users may want to double it or see it more in quick succession. As long as Bitcoin remains so picky and bearish, that won’t happen in the near future. Without a bullish bitcoin trend, IOTA’s market cap won’t explode on its own.

completely undervalued #iota #iotastrong pic.twitter.com/1Hg2oXSYRb

– Heico Ebach (@ heilanda83) March 21, 2019

When looking at the current price chart, a very interesting pattern is immediately visible. There is a head and shoulders pattern on the IOTA chart, at least for those who want to see it that way. An uptrend is expected with a breakout immediately after the “right shoulder” has completed. So far it is too early to use the term “bullish”, especially because of a weak hour candle.

$ IOTA $ MIOTA #IOTA #MIOTA pic.twitter.com/3uF4pLZj9c

– dübelcoin (@dubelcoin) March 21, 2019

The current IOTA outlook is not as pessimistic as one would expect given the overall trend. Just because MIOTA is currently still in the green doesn’t mean that it will stay that way for long. Given the lack of real trading volume, triggering a very bearish candle wouldn’t be all that difficult. The hours ahead will be decisive for this market, either for better or for worse.

Disclaimer: This is not trading or investment advice. The above article is for entertainment and educational purposes only. Please do your own research before buying or investing in any cryptocurrency.

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