IOTA the unicorn

2017年11月12日

Iota was quite the unicorn, having its ICO in 2015 and raising 500k only and 2 years later getting listed on Bitfinex and starting off at a billion+ market cap. I think it’s a fantastic project as well as what they are trying to achieve. Its volume is great, 8 figures on average. It is still quite early in terms of market release so get a clear picture. Ideally, we will have to go by what the top coins set a precedent in terms of market cap to get an idea of where IOTA can go in the future. It seems to have an accelerated version of ETH’s first market structure. Potential take profit zones in the next run are highlighted below. Once we can break through the resistance belt, I would expect new ATH and beyond for it easily.

Against the dollar IOTA seems to be on an uptrend and is likely the market leader. With Bitcoin unable to hold its value, the IOT/BTC parity might hold better profit potential, but both show clear signs of progression.