With a market capitalization of approximately $ 5.3 billion, IOTA is currently ranked ninth, in the trading volume of all cryptos, it currently only enough for 16th place. But that's only half the story. In the pipeline are some course drivers, which could ignite soon.
While the crypto market is waiting for new impulses from the Coindesk Consensus Conference in New York, IOTA remains strong in the market. The price is currently around 100 percent higher than the low for the year from the beginning of April. Of the larger digital currencies, only Bitcoin Cash and especially EOS have a bigger cushion. The discount of around 30 percent since the recently marked high shows the relative strength. Despite the strong growth, profit taking is thus comparatively low, and those who invest are expecting prices to rise further.
Technically, however, the threshold at two dollars is currently slowing down the imagination. The round mark is strengthened by the slightly rising 200-day line and thus represents an important hurdle on the top dar. By the end of the day the jump over it, the next goals are $ 2.65 and later three dollars. On the bottom is expected in the range of 1.55 to 1.65 dollars with stronger demand. Only when IOTA falls further, the prospects are clouded again, the upward impulse would then be over.
It would therefore be important to keep good news. For some days IOTA can be traded on the crypto-stock Huobi , also the new ecosystem made for positive headlines. IOTA should not only be seen as a means of payment for the Internet of Things, but should also be used in everyday life. Only then will the currency become known to a broad public. That's why retailers are also coming to the fore: as IOTA does not charge transaction fees, it could improve margins and increase sales. The website Pay-with-IOTA.org already provides a good overview of which companies accept IOTA as a means of payment.
As a further course driver could prove the start of the Trinity Wallet. After the Light Wallet has caused a lot of trouble in the past, the new Wallet is more user-friendly and should protect the credit much better against theft. A test phase has been very successful so far. If the Wallet also proves itself in practice, pay-with-iota.org/ could soon also include more restaurants and smaller shops and thus focus more on IOTA as a means of payment in everyday life.