Why is IOTA Price Up? Here Is The Reason Behind Its 37% Pump

2023-11-29 17:30

IOTA has emerged as the frontrunner, claiming the top gainer spot on CoinMarketCap. Here’s a closer look at the driving forces behind this remarkable surge.

At the latest check, IOTA is valued at $0.231178, showcasing a robust 36.68% increase in the last 24 hours. The token’s trading volume stands at an impressive $183,138,284, marking a surge in investor interest and market activity.

IOTA’s prowess is underscored by its status as the top gainer on CoinMarketCap. A surge of 3088.41% in trading volume, totaling $221,163,617, further cements its position as a formidable player in the current market landscape.

Source: CoinStats – Start using it today

Behind IOTA’s meteoric rise lies a strategic move by the open-source blockchain developer. On November 29, IOTA announced the launch of the IOTA Ecosystem DLT Foundation, headquartered in Abu Dhabi. This foundation is poised to be a catalyst for the growth of IOTA’s distributed ledger technology (DLT) in the Middle East.

Notably, the new foundation carries significant financial backing—a whopping $100 million in IOTA digital tokens, gradually vested over the next four years. This substantial support aims to drive the accelerated growth of IOTA’s DLT and facilitate the transformation of real-world assets into digital counterparts, as articulated by Dominik Schiener, IOTA’s co-founder and chairman.

Read also:

Ripple (XRP) Needs to Exhibit These Three Moves to Go Parabolic: Analyst How is Tether (USDT) Preparing for The Biggest Bull Run in History Missed Out On Pepe? This Could Be The Next 10x Meme Coin After ICO Hits $600k

In summary, IOTA’s surge is intricately linked to the strategic launch of the IOTA Ecosystem DLT Foundation, signaling a pivotal moment for the blockchain project. With substantial financial backing and a clear vision for DLT growth, IOTA stands as a beacon in the evolving landscape of distributed ledger technology.

We recommend eToro 74% of retail CFD accounts lose money. Visit eToro Now Active user community and social features like news feeds, chats for specific coins available for trading.
Wide range of assets: cryptocurrencies alongside other investment products such as stocks and ETFs.
Copy trading: allows users to copy thetrades of leading traders, for free.
User-friendly: eToro’s web-based platform and mobile app are user-friendly and easy to navigate.
eToro offers staking for certain popular cryptocurrencies like ETH, ADA, XTZ etc.

The post Why is IOTA Price Up? Here Is The Reason Behind Its 37% Pump appeared first on CaptainAltcoin.

Similar to Notcoin - TapSwap on Solana Airdrops In 2024

origin »

IOTA (IOTA) на Currencies.ru

$ 0 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 0.00 %
Cегодня L: $0 - H: $0.2993
Капитализация $0 Rank 99999
Цена в час новости $ 0.1923 (-100%)

iota behind coinmarketcap driving look closer forces

Источник: captainaltcoin.com

iota behind → Результатов: 38


What is IOTA Qubic? A detailed guide for beginners

The headline is true if they can put the actual theory behind Qubic into practice. So what is Qubic all about Oracle feed Smart Contracts Exchanges of currencies Outsourced Computation Qubic is a structural protocol for distributed computing on a potentially worldwide scale, with components (Oracles) that can intake data from any source, assembly together […]The post What is IOTA Qubic? A detailed guide for beginners appeared first on CaptainAltcoin.

2019-10-15 22:21


IOTA launches its autonomous, decentralized marketplace for EoT

IOTA launches its autonomous, decentralized marketplace for EoT - CryptoNinjas The IOTA Foundation, a non-profit organization behind the IOTA scalable, feeless and decentralized distributed ledger technology, today announced the launch of the ‘Industry Marketplace’ a decentralized marketplace which will automate the trading of physical and digital goods and services.

2019-9-20 18:54


IOTA Introduces $5 Million in Grants for Coordicide Research

IOTA has recently announced $5 million in grants that would research Coordicide, described as a system that focuses on permissionless and scalable distributed ledger technology (DLT). The main goal behind said endeavor is to better understand how to implement it and additional contributions that can help fortify its presence within the IOTA ecosystem. The team […]

2019-8-12 18:01


Фото:

STMicroelectronics will integrate IOTA Tangle to Facilitate new IoT Solutions 

the IOTA Foundation,  a non-profit organization which developed the ideas behind IOTA and the Tangle architecture, announced on July 23, a new collaboration with STMicroelectronics, a global semiconductor leader serving customers across the spectrum of electronics applications, in order to deliver Internet of Things (IoT) integration capabilities to the ST user community.

2019-7-25 11:29


After IOTA’s Coordicide Solution, Fund Manager Shift Funds and Vitalik Buterin Has Responses

The idea behind blockchain technology is decentralization, a phenomenon that entails the absence of central control in a ledger system. While IOTA has been a blockchain project for some time now, it lacked this single quality, one of three that make any system a true blockchain set up with security, scalability and decentralization. IOTA has […]

2019-6-2 23:06


Ethereum’s Vitalik Buterin: IOTA’s Coordicide seems like a clone of Avalanche

IOTA Foundation, the main pillar behind the development of IOTA, recently unveiled the blueprint for Coordicide, the killer of Coordinator, which is expected to launch in the coming months. A Coordinator [Coo] is a centralized protocol that controls the transactions and security on the IOTA blockchain, with its key function being protecting Tangle against attacks.

2019-5-30 15:51


Europol Arrests Suspect Behind the Theft of $11.3 Million in IOTA (MIOTA)

A collaborative effort between the UK’s South East Regional Organised Crime Unit (SEROCU), the Hessen State Police in Germany, the UK’s National Crime Agency (NCA) and Europol, has successfully identified and arrested a male suspect in connection with a case of fraud, theft and money laundering that resulted in the theft of around €10 million (Approximately […] The post Europol Arrests Suspect Behind the Theft of $11.

2019-1-24 16:24


Ethereum Classic (ETC) Ambushes Tron and Monero, Going For IOTA

At the moment, Ethereum Classic (ETC) is ahead of Tron and Monero and its running after IOTA. Nothing is behind this progress than series of announcements made about the coin by Coinbase. Last week Friday, shortly after Coinbase announced that it is adding Ethereum Classic to its platform, there was euphoria in the cryptocurrency community […] The post Ethereum Classic (ETC) Ambushes Tron and Monero, Going For IOTA appeared first on Ethereum World News.

2018-8-8 16:25


Партнеры Currencies.ru

Реклама на Currencies.ru

Самое свежее на Currencies.ru

High-Conviction Altcoin Buys for Today’s Market!

The crypto market is surging, and the quest for promising coins is more intense than ever. Investors seek the best picks that stand out in today’s vibrant market. This article will reveal select cryptocurrencies that show strong potential amidst the ongoing rally.

Top 8 Under-the-Radar AI Cryptocurrencies with 100x Potential: GraphLinq Chain (GLQ) and ANKR Lead the Pack

Crypto analyst Alex Wacy has shared his top 8 under-the-radar AI gems that he believes have the potential to turn a $1,000 investment into $100,000 in the coming months. Wacy suggests that these lowcap AI projects could become market giants as the AI sector continues to grow, with the global market projected to reach nearly […] The post Top 8 Under-the-Radar AI Cryptocurrencies with 100x Potential: GraphLinq Chain (GLQ) and ANKR Lead the Pack appeared first on CaptainAltcoin.