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IOTA (MIOTA) Explodes To Record Highs On Internet Of Things Opportunity

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IOTA (MIOTA)
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IOTA is now the fourth largest cryptocurrency in the world, in market value, after an absolute tear in recent weeks. The digital currency price has surged by nearly 600% this month, consequently toppling Ripple’s XRP token for the fourth spot.

It is only a month ago that IOTA was valued at just $0.37. Ever since, it has registered a steady rise, reaching parity with the dollar as early as late last month. As bitcoin climbed to record highs of $11,000 and then to 14,000, IOTA punched through to record highs of $6. Its market cap now sits above $12 billion.

IOTA (MIOTA) Price Technical Analysis: Retracement Levels

IOTA (MIOTA) Price courtesy of coinmarketcap.com

The bullish trend in IOTA price comes as many casual investors learn about the cryptocurrency and its underlying technology. There is strong demand for IOTA among Asia traders given that the digital currency currently holds the highest trading volume on a number of exchanges such as Binance and Coinone.

Demand for IOTA cryptocurrency is not expected to diminish any time soon given that it’s trading volume has risen to over $2.46 billion. Very few cryptocurrency ever break the $1 billion mark.

 Internet Of Things Opportunity

The signing of a major agreement with Microsoft, Samsung, Fujitsu and others for business-to-business data sharing, is the immediate catalyst pushing IOTA price higher. The signing of the agreement has since catapulted the IOTA trading volume to historic levels significantly strengthening its price in the crypto space.

The agreement paves way for the creation of a blockchain based marketplace that will enable the sale of data. According to IOTA CO-founder David Sonstebo, the new marketplace will incentivize companies to sell data instead of letting them to go to waste.

“This next-generation technology will accelerate the connected, intelligent world and go beyond blockchain that will foster innovation real-world solutions, applications, and pilots for our customers,” said Microsoft’s Omkar Naik in a statement published on the IOTA Foundation website.

The cryptocurrency has the potential to have a significant impact on the Internet of Things thus explaining the attention it is receiving from the crypto community.

Free Transactions Fees

IOTA rise to stardom in the crypto space is mostly attributed to its Tangle System that creates and validates transactions. The system allows users to create transaction by validation thus leading to a more secure and immutable network,

The fact that system allows zero transaction fees has made it ideal for the data industry. This is because other legacy blockchain technology systems cannot handle micropayments for data among businesses. IOTA technology is thus expected to continue experiencing a growth in demand as the need for scalable free transactions continues to grow.

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

Image courtesy of Schneider Electric Espana via Flickr

Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Please conduct your own thorough research before investing in any cryptocurrency.

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Reasons Why You Are Much Safer When Crypto Trading on Dexes

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While many cryptocurrencies aim to bring the change to the world by bringing full decentralization, one aspect of the crypto space still remains mostly centralized, and that is the way they are exchanged. Most crypto exchanges are centralized companies, where traders and investors need to deposit their coins for safekeeping. This is a risky way to handle the funds, as exchanges remain susceptible to hacks and theft, as many realized recently, after the hack of the world’s largest exchange by trading volume, Binance.

During the hack, around 7,000 BTC (over $40 million) was taken, and sent to multiple wallets, never to be seen again — for now, at least. The hack also came as quite a shock, as Binance was known for its efficiency, security, and high levels of confidence. It also made people realize that their coins are not really theirs if they need to rely on third parties, such as exchanges, to keep them safe. As a result, many are now turning away from centralized exchanges, and are heading towards decentralized ones — also known as DEXes.

Here are some reasons why you might want to consider doing the same.

1. True ownership of your coins

The crypto community has a saying: “not your keys, not your coins.” The saying is now more relevant than ever, but it does not apply on DEXes. Decentralized exchanges

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Crypto Billionaire Predicts Massive Price Growth by 2021

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Crypto prices are once again going up, and Bitcoin has just passed a major resistance level at $6,000. With a situation like that, it is not surprising that everyone in the crypto community is looking forward to the future, wondering what to expect in years to come. Many experts have already given their predictions, some more optimistic than others, but almost all bullish.

Crypto billionaire Mike Novogratz has always been very supportive of cryptocurrencies, and very bullish on Bitcoin. He recently stated that he sees the coins’ prices triple in the following 18 months, meaning that Bitcoin’s return to $20,000 might not be far away, according to him.

He noted that Bitcoin is back to $6,000 after its price hit as low as $3,100 only a few months ago. These days, Novogratz does not believe Bitcoin will return to such lows unless there is a devastating exchange hack or a major shift in regulations. Of course, there was a big hack that had the potential to damage the coin’s price, only days ago. The world’s largest crypto exchange by trading volume, Binance, saw a significant security breach which resulted in a theft of 7,000 BTC.

However, so far, the coin did not react negatively to this incident. While Novogratz believed that such an event would shatter the new confidence in BTC, it simply did not happen. However, he…

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Altcoins

TokenRoll (TKR) Platform Will Take Online Casinos to the Next Level

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TokenRoll
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Corporate executives are turning to blockchain technology more than ever in an attempt to revolutionize the business world.  Although blockchain is still a relatively new concept, that hasn’t stopped more and more companies from jumping on the bandwagon.  This hot new technology has quickly gained a reputation for providing greater transparency, enhanced security, improved traceability, increased efficiency, and low costs.  One industry that could certainly benefit from decentralization is the online gambling market, specifically, online casinos.  TokenRoll (TKR) has developed a platform that appears to offer a promising alternative to centralized casinos.

Problems with Centralized Casinos

The primary reason why blockchain technology is being implemented so quickly is because it solves a lot of the problems typically associated with the traditional business model.  And online casinos are no different.  It still needs to be said that centralized casinos have proven that there is a great demand for online gambling.  The market is growing faster than anyone could have predicted, and future opportunities appear very promising and lucrative.  But industries are continually evolving and this one is no different.

A few of the problems facing centralized casinos include the following:

  • Little to no transparency
  • Consumer lack of confidence
  • Privacy concerns
  • 48-72 hour wait time for withdrawals

These are four monumental issues that need to be addressed quickly given the global growth of the market.  Casinos need to…

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