IOTA Prices Soar - Still Gunning For The Top Ten Ranking. Tuesday, November 13th
IOTA Prices Soar- Still Gunning For The Top Ten Ranking
IOTA began the month on a positive, halfway through it, and the coin is still surging on.
Recently, the coin has seen a drastic price increase. At the time of press, IOTA is up by 3% and is trading for $0.495638. With a market cap of $1,377,641,054, IOTA ranks 13th in the cryptocurrency market.
Last week, the coin had managed to trade above the $0.50 mark, which is one of its key levels. Following the market dip on Thursday 08, IOTA dropped below this crucial position and has been trading below it since. In the next couple of hours, the bulls will continue to push prices and try to break the $0.49 mark where they seem to be encountering resistance.
MIOTA/USD Price Chart, November 13th:
IOTA Price Forecast
The bulls will now capitalize on the positive momentum today to retest the $0.50 level and hopefully break it. In a bullish scenario, this latest bull rally could see the coin settle just above the $0.51 position. If the bears continue holding the coin back, we could see a price correction that sees IOTA fall to $0.48.
It is still unclear what has triggered today's bullish rally. IOTA is involved in a number of projects and partnerships which are bound to bear fruit in the coming months, seeing prices soar. On top of the HIGH MOBILITY partnership which we reported on, recently, the project has partnered with Nordic semiconductors, an electronics company headquartered in Norway.
At the beginning of the year, IOTA hit highs $5 of and the team wants to ensure that this was not a one-time thing. The team promises to continue working and ensure this is achieved and surpassed. The team coupled with its loyal base of supporters promise a better day for investors. IOTA might not hit $5 by the end of this year, but it is almost certain that it will happen again and most probably be surpassed. IOTA hitting highs of $5 would ensure it a position in the top ten cryptocurrencies in ranking.
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