IOTA Price Prediction: November Could Prove To Be The Turn-Around Month For IOTA. Sunday, October 28th
IOTA Price Prediction; November Could Prove To Be The Turn-Around Month For IOTA
IOTA’s Tangle technology has proven to have a lot of application. Most notably in recent months in the automobile industry. The project is currently working with car manufacturer Volkswagen, a project expected to bear fruit in Q1 of 2019. The IOTA project also has a partnership deal with carVertical- which has promised a big announcement for IOTA enthusiast on November 7. If the announcement is as big as carVertical has promised, it is expected to see IOTA’s MIOTA gain.
Leading up to the date, speculations will be high and this is expected to push prices high.
The same will continue to climb if the announcement is big and will positively affect the project.
At the time of writing this, MIOTA is trading around $0.488686 having dipped by more than 1.80% in the last 24 hours. This signifies a general trend around the market, as the day has seen some altcoins jump in the green zone and others dip in the red zone. However, the market has not seen any major movements.
IOTA/USD Price Chart, Sunday October 28th:
IOTA Partnership With carVertical And Price Prediction
CarVertical has partnered with IOTA as they aim to employ the project’s Tangle technology and speed up the removal of the COO from the IOTA network. COO is used to protect the network from attacks. If this is the announcement expected from carVertical, this will see IOTA become more secure, increasing confidence the project.
This is expected to see IOTA which has been struggling for the better part of the year surge. After hitting highs of $5.23 at the beginning of the year, the coin has dropped and found it hard to hit highs of $1.00. The last time the coin hit this high was back in July and has been trading around $0.50 in recent months.
Since mid-month when prices dropped below this level, the coin has been trading just shy of $0.50.
This announcement expected at the beginning of November is likely to see the coin regain its position above $0.50 and possibly soar higher.
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