Is the IOTA outbreak coming now?
- Signs point (once again) to Bullenrun
- Can IOTA make it now or does one fall short of expectations again?
In the last 30 days, IOTA was able to record an increase of 34 percent - in the last seven days of almost 20 percent. Will the long-awaited eruption finally follow or is it just a snapshot again, followed by another setback?
Investors remain critical
If you look at the chart, you will notice that IOTA was above the 90 US dollar hurdle around 0,40 days ago. This was followed by a drop below 0,30 US dollars. Until a few days ago the price was always below 0,35 US dollars. With the recent breakout above $ 0,45, however, a new bull run could be possible. Even if it went below 0,35 US dollars a short time later, the support line was able to hold and the price rose again towards 0,45 US dollars.
It will be important for the further price development, which can also be observed on eToro, whether the IOTA price holds above 0,45 US dollars or goes down again drastically.
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We are still a long way from our all-time high - so there is plenty of room for improvement. The highest rate to date was set in December 2017: At that time, a coin cost 5,25 US dollars. In other words, at the current time - the price is currently 0,43 US dollars - it is almost 92 percent away from the all-time high.
Of course, also an invitation for investors who are looking for an alternative to Bitcoin and Co. Especially because IOTA does not work with the blockchain, but Tangle for use comes.