2019-5-18 19:30 |
IOTA [MIOTA] has recently been expanding its reach by increasing partnerships with other companies. The recent partnerships with an agtech french startup and Avery Dennison have proven to be in the best interests of MIOTA. The partnership with the clothing line resulted in IOTA’s price shooting up by 52% on the seven-day time frame.
The agreement with Avery Dennison intends to produce sustainable goods and clarity in the production of the same. It was first tested out with the ALYX brand, which allowed customers to track their products in real time on the supply chain, making the production of goods as transparent as possible through the use of blockchain technology.
Priced at $0.3973 with a market cap of $1.1 billion, IOTA ranks 15th overall. Post the partnership with Avery Dennison, IOTA saw a six-month high of $0.4375, escalating from $0.2708. Although the price has come down due to the recent price pull of Bitcoin which forced the market to tread low, IOTA seems to be doing well and no drastic fall in prices was seen.
Source: TradingView
A similar partnership was seen with Jaguar and a french agtech startup OKP4 to store and share information with IOTA coins as a reward. The 52% increase can also be attributed to all of these partnerships, which accumulated overtime and showed the gross result.The post IOTA [MIOTA] yields massive output post partnership with Avery Dennison appeared first on AMBCrypto.
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