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How IOTA (MIOTA) is Becoming a Solid Investment In the Long Run

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IOTA

IOTA, a somewhat unique coin, given the fact that this currency is operating in a block-less environment, is working on tech improvements when it comes to DLT, Tangle and the Internet of Things. IOTA is ready for the next phase in its operational lifetime, so the team is working on enabling what might end up being the top leader in DLT network and the Internet of Things, which could lead to a near mass or mass expansion of this coin. IOTA has shown some downfalls in its value in the past few days when it even dropped down below the 1$ price, however, we see it going up in the long run with the newly acquired partnership and the technological potential of Tangle.

IOTA and Distributed Ledger Technology

Distributed Ledger was introduced to the public way back with the introduction of Bitcoin as the first decentralized blockchain-based currency that started operating with safe and secure transactions that were also supposed to have a unique trait of ultimate privacy for all users. However, later on, as the blockchain technology was slowly expanding and being further developed, it was determined that Bitcoin as the first currency of this kind still had some issues, mainly revolving around privacy where it was determined that Bitcoin is not as private as it was originally thought.

DLT technology remained as a perfect opportunity to make various operations easier to be processed than it is at the current moment and with the existing technology. That is how IOTA comes into the story thanks to its block-less network called Tangle.

DLT could easily find a mass application of its potentials in the government institutions, corporate and different types of institutions while owning the ability to help with administration, more efficient tax collection, issuing passport and legal documentation, collecting data, creating records, keeping personal info, distribute information and much more, all by using blockchain technology.

Tangle is thought to possess the needed technological quality to be able to get the best out of DLT and the Internet of Things, which are considered to be the future of the way people are operating with data. Given the fact that IOTA’s Tangle seems to be the perfect network for the Internet of Things and the Internet of Value, it is a thought in general that IOTA combined with Directed Acrylic Graph in Tangle and alongside DLT will most possibly be used as a driving force behind IoT and IoV. Where there is a potential, there is also a possibility, so it is certain that IOTA does have the needed technology in order to support DLT and move forward to the next level.

IOTA and Partnership with Fujitsu’s Rolf Werner

IOTA has made an excellent business move when the team behind the Tangle decided to partner up with Rolf Werner. They have added Mr. Werner, who was previously working for Fujitsu, to the IOTA team where his job is to take care of IOTA’s operations and activities in Switzerland, Austria, and Germany.

This move also showcases the readiness of the team to work on the expansion of their coin and the technology behind their block-less network. Earlier, the team also had a great addition to their board of advisors when Johann Jungwirth, the CDO of Volkswagen, joined IOTA.

On this matter, Werner stated that the possibilities that IOTA’s Tangle has with DLT are immense as decentralization and blockchain-based secure and safe applications are made possible. He further added that Tangle and IOTA go beyond “machine-to-machine” payments, where it is capable for much more. He used the example of secure identity management, adding that there are numerous features that make IOTA a superb piece of decentralized technology.

That being said, it suddenly becomes more than possible to have IOTA progress further with an increased pace of growth, both in the technical sense and in the terms of the market value.

How is IOTA doing at the Current Moment?

Even though IOTA fell below the 1$ price during the previous change in the market with over -4% of drop against the dollar, it seems that this coin is feeling a lot better today as we can once again see MIOTA trading in the green.

After the latest change in the market, MIOTA started to recover while gaining 1.70% of raise against the dollar, which means that MIOTA is without any doubt going up and beyond the value of 1$.

With the latest change, this coin managed to get back to the value of 1$ per one unit, and it even went a bit beyond the 1$ price, which means that MIOTA is currently being traded at the price of 1.04$ with a solid good chance of acquiring additional gains in the following days.

In addition to going up against the dollar, MIOTA is also experiencing rises against BTC, going up against Bitcoin for 1.97%, which means that MIOTA is currently doing better than BTC on the market.

Back in December of 2017, MIOTA managed to rise up to its record price of a bit over 5$ per one unit. However, the coin fell down due to a bad situation in the market during the period of the excessive market dip that went on for 8 weeks.  In case IOTA manages to live up to all expectations, it might soon be able to get back to the point of dealing at 5$ per one coin and beyond, making it a pretty solid investment in the long run.

We will be updating our subscribers as soon as we know more. For the latest on IOTA, sign up below!

Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.

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Altcoins

XNO Token of Xeno NFT Hub listed on Bithumb Korea Exchange

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Hong Kong, Hong Kong, 25th January, 2021, // ChainWire //

Xeno Holdings Limited (xno.live ), a blockchain solutions company based in Hong Kong, has announced the listing of its ecosystem utility token XNO on the ‘Bithumb Korea’ cryptocurrency exchange on January 21st 2021.

Xeno NFT Hub (market.xno.live ), developed by Xeno Holdings, enables easy minting of digital items into NFTs while also providing a marketplace where anyone can securely trade NFTs.

The Xeno NFT Hub project team includes former members of the technology project Yosemite X based in San Francisco and professionals such as Gabby Dizon who is a games industry expert and NFT space influencer based in Southeast Asia.

NFT(Non-Fungible Token) technology has recently gained huge focus in the blockchain arena and beyond, making waves in the online gaming sector, the art world, and the digital copyrights industry in recent years. The strongest feature of NFTs is that “NFTs are unique digital assets that cannot be replaced or forged”. Unlike fungible tokens such as Bitcoin or Ether, NFTs are not interchangeable for other tokens of the same type but instead each NFT has a unique value and specific information that cannot be replaced. This fact makes NFTs the perfect solution to record and prove ownership of digital and real-world items like works of art, game items, limited-edition collectibles, and more.

NFTs are already being actively traded in markets globally. For…

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Altcoins

Should Crypto Projects Devote Resources to Community Growth and Marketing?

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2020 has been an incredible year for crypto as investors have generated windfall profits and crypto projects have seen their businesses gain the spotlight they’ve been looking for.  While Bitcoin has received most of the attention after major institutional investors announced they were accumulating the increasingly scarce asset, many altcoins have also seen their fair share of glory.  When looking at all the big winners of the past year, the first project that probably comes to mind is Chainlink, having appreciated by more than 550% YTD and now valued at over $4.5 billion.  But, the actual biggest winner of the year is HEX with a YTD return of over 5,000%.

I mention both of the above projects as they have each taken slightly different paths to achieve greatness.  Chainlink has devoted resources toward building a fundamentally sound business with many strategic partnerships while HEX has spent vast sums of money on marketing and promotion.  Both approaches are valid, but one thing is certain, it is absolutely imperative for crypto projects to let the crypto community know what makes them special.  Of course, one of the reasons that makes crypto so valuable is the powerful blockchain technology that most projects are utilizing.

Cryptocurrency vs. Blockchain Technology

It’s important to make a distinction between blockchain technology and cryptocurrency.  Although they are often used interchangeably, they are different.  Blockchain technology and crypto were both created after the 2008 financial crisis, but cryptocurrency…

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Altcoins

XENO starts VIP NFT trading service and collaborates with contemporary artist Hiro Yamagata

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Hong Kong, Hong Kong, 24th December, 2020, // ChainWire //

The XENO NFT Hub (https://xno.live) will provide a crypto-powered digital items and collectables trading platform allowing users to create, buy, and sell NFTs. Additionally it will support auction based listings, governance and voting mechanisms, trade history tracking, user rating and other advanced features.

As a first step towards its fully comprehensive service, XENO NFT Hub launched a recent VIP service to select users and early adopters in December 2020 with plans for a full Public Beta to open in June 2021. 

“NFTs are extremely flexible in their usage, from digital event tickets to artwork, and while NFTs have a very wide spectrum of uses and categories XENO will initially focus its partnership efforts and its own item curation on three primary areas: gaming, sports & entertainment, and collectibles.”, said XENO NFT Hub president Anthony Di Franco.

He also added “This does not mean we will prohibit other types of NFTs from our ecosystem However, it simply means that XENO’s efforts as a company will be targeted into these verticals initially as a cohesive business approach.”

Development and Procurement Lead, Gabby Dizon explained, “Despite our initial focus, we found ourselves with a unique opportunity to host some of the works of Mr. Hiro Yamagata. We are collaborating with Japanese artist Hiro Yamagata to enshrine some of his artwork into NFTs.”

Mr. Yamagata has been…

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