The IOTA Price Skyrockets by 48% in 24 Hours
The price of IOTA has surged by 48% in the past 24 hours, reaching a trading value of $0.2360. The trading volume has also skyrocketed by over 10,000% during the same period. This surge in price comes as a result of a strategic move by the open-source blockchain developer, who recently announced the launch of the IOTA Ecosystem DLT Foundation in Abu Dhabi. The foundation, which has the support of up to $100 million in IOTA tokens, aims to promote the growth of IOTA’s distributed ledger technology within the Middle East.
IOTA Price Prognosis
The IOTA price is currently in a bullish position, sitting between the 200- and 50-day Simple Moving Averages (SMAs). The Relative Strength Index (RSI) and Awesome Oscillator (AO) both indicate the potential for further gains. If the buying pressure continues, the price could break into the supply zone and potentially reach $0.3000, constituting a 30% increase. However, a rejection from the supply barrier could lead to a drop in price, potentially losing the support level at $0.2043.
A Promising Alternative: BTCETF Token
BTCETF Token presents a promising alternative to IOTA. It is the powering token for Bitcoin ETFs and offers exclusive advantages to its user base. The token is currently in the sixth stage of its presale, selling for $0.006 per token. The project has already exceeded $2 million in presale collections and aims to reach a goal of $2.498 million. BTCETF Token also implements a burn tax on every transaction, gradually reducing the token supply and alleviating selling pressure.
Hot Take: Time to Buy BTCETF for Early Entrant Discounts
With the anticipation of the first spot ETF approval for Bitcoin in 2024, now is the time to consider buying BTCETF Token. Joshua Lim from Genesis Trading predicts a volatile start to 2024 for Bitcoin, and BTCETF Token offers an opportunity to participate in the TradeFi to DeFi transition. The project also has a 5% burn tax on transactions and aims to burn 25% of tokens as specific milestones are achieved. Don’t miss the chance to buy BTCETF in the presale and take advantage of early entrant discounts.
Insa’s extensive background in the financial realm encompasses roles as a writer, trader, and personal finance coach. Her proficiency spans a wide spectrum, ranging from commodities and indices to forex and cryptocurrencies. Insa’s specialization lies in furnishing strategic investment advice tailored to the fintech investment niche.