IOTA, a cryptocurrency designed for the rapidly advancing Internet of Things (IoT) industry, is recently making significant strides. Reducing trading costs by 80%, IOTA transactions are becoming fast enough to be considered real-time — a crucial feature for IoT devices. This, combined with a newly released
sustainable tokenomics model, has spiked the coin's value by 8%. There is also much enthusiasm on the IOTA platform's much-anticipated
upgrade, termed 'Rebased,' which promises
50K+ Transactions per Second (TPS) and complete decentralization. The upgrade has required careful planning and tests, with IOTA eventually going to a fully
decentralized network. These efforts have not gone unnoticed; there's been a 41% drop in the coin amidst the upgrade's process. Post-upgrade, a 95% surge is anticipated. IOTA's growth is not limited to technical aspects – its real-world application is expanding too. Recently, the coin completed the EU blockchain's
pre-commercial phase, signaling increased adoption and confidence. However, some warning signs exist. Binance, a major cryptocurrrency exchange, has issued a 'risk warning' for IOTA, among others. This factor, combined with an overall bearish sentiment in the market, could suggest that a correction looms for IOTA in the short term.
IOTA Coin News Analytics from Tue, 13 Jun 2017 15:07:54 GMT to Thu, 26 Jun 2025 14:23:56 GMT -
Rating 6
- Innovation 7
- Information 8
- Rumor 2
