The IOTA Report Card - IOTA News, MIOTA Price. Saturday August 25
Important IOTA Cryptocurrency News
The IOTA Report Card
The going rate of the IOTA token has been subject to market forces just like any other token that is in the market. However, although the token price peaked at the time the public interest in the cryptocurrency ecosystem did, the IOTA team believes that objectivity is setting in and taking the place of emotion. In this scenario, the team believes that it is just a matter of time for those projects that have long-term vision such as IOTA to be distinguished from the rest. This is according to a blog post by the IOTA team.
The reason for this is that IOTA which started as a hardware project is a solution provider to real world problems as has been seen with some of the partnerships that the network has gone into. Furthermore, the team says it has been careful in the selection of its developers and researchers and has consistently worked towards keeping to the vision of the project and keeping its promises.
Although the IOTA MIOTA is among the coins that could be said to be undervalued, this has not debarred the team from working assiduously to ensure that the project makes the impact it has been billed to as unique DLT that has high potentials for infinite scalability.
TOQEN Enables Smart Contract On IOTA
TOQEN is a project built on Qubic Lite, another project based on the IOTA Tangle that will soon enable smart contracts on the IOTA platform, bringing its immense scalability to smart contracts.
IOTA Consolidating Over the Week
MIOTA prices have been undergoing consolidation in the past 6 days trading on a tight range between $0.463 and $0.575. As at the time of this report, the coin is trading at $0.508. The 20-day EMA is currently placed above the range. A breakout of the 20-day EMA is located close to the 50-day EMA and will likely see the coin rally close to $0.85.
MIOTA/USD Price Chart, Saturday August 25th:
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