IOTA (MIOTA), a cryptocurrency seeking to revolutionize the Internet of Things (IoT), has been a hot topic in recent news. IOTA works using a blockchain alternative known as Tangle, which enables free and instant transactions. The crypto has raised significant attention due to its advancements and future prospects.
Nansen has teamed up with IOTA to deliver advanced on-chain analytics tools, providing key insights into the network's transactions. Furthermore, IOTA announced a sustainable tokenomics model, leading to a surge in the token's price.
The news also suggests that IOTA will be introducing an upgrade to its Layer 1, promising a whopping 50K+ transactions per second and complete decentralization. The upgrade, known as
'Rebased', signals a significant development and has caused a substantial price movement, despite the 'risk warning' tag issued by Binance.
IOTA has even attracted attention for its potential as a solid investment leading up to 2025, indicated by its consistent entry in numerous crypto price predictions. However, it is worth noting that its price has experienced both surges and dips, underpinning the inherent volatility of crypto markets.
Moves to become Sharia-compliant and news of a forthcoming $100M foundation in Abu Dhabi to drive Distributed Ledger Technology (DLT) growth are additional noteworthy advances. The latter, combined with its recent registration of an ecosystem foundation in Abu Dhabi, contributed to a 43% jump in its price. Finally, the impending liquidity mining airdrop injection on Shimmer, IOTA’s pre-production environment for developers, has also piqued investors' interest.
IOTA Coin News Analytics from Sat, 11 Nov 2017 08:00:00 GMT to Sun, 23 Feb 2025 05:17:49 GMT -
