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IOTA: Partnering up with Volkswagen

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IOTA
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After a pretty rough patch that all major cryptocurrencies went through, IOTA, along with some other currencies, is slowly recovering from the devastating drops. With the new partnerships on the rise, Iota is looking forward to a bright future, slowly starting to deal in green again, although far from its all-time high. Let’s see what Iota has been up to these days.

IOTA and the New Partnership

It seems that the series of bad news about Iota didn’t affect the progress of their development team as they have managed to seal another great partnership. This time they have sealed the deal with Volkswagen.

The two have managed to connect at the Connected World conference where they discussed the future of decentralized platforms and smart cars. The reason for sealing the deal with Iota is the fact that the Volkswagen team believes that the future of smart cars might lie within the technological possibilities of decentralized blockchain-based platforms.

The fact that more and more companies and institutions are getting into partnerships with cryptocurrency projects, actually tells a lot about the influence digital values are set for years now. The partnership talk started out in January 2018 when it was finally concluded a couple of days ago, with the Volkswagen’s CDO being chosen as a part of Iota Foundation supervision board.

This concluded the partnership between Iota foundation and Volkswagen. It is expected that Iota will now start to slowly recover from the latest drops, looking forward to establishing a strong partnership with Volkswagen and their CDO.

How is IOTA doing at the Current Moment?

After a rough week that brought fall in price to many different tokens and coins, finally on February 25th, Iota started to recover. This currency was trading in green during the mentioned time with a new rise that brought the price up.

But, just when everything seemed to be “getting back to normal” for this coin, there was the latest change in price that wasn’t viewed upon with approval. The latest change in Iota’s price made its value drop for -4.62% against the dollar, although this currency traded at a raised price at over 5% up against the dollar.

The current price Iota is being traded under, is 1.83$ per one unit, while the previous price was a bit over 2$ per one unit. This coin is still holding onto the 10th place on the global coin ranking list, so it is expected to see at least a minor improvement in its price. IOTA is looking at another raise that occurred in the last 24 hours on the first day of March.

It seems that March started off on the right foot for Iota as this currency is now dealing at 1.97$ per one unit, after a rise of 2.74% against the dollar. In case Iota continues to grow at the current pace, it is no doubt that this coin could soon regain its previous all-time high price.

For everyone interested in investing in this currency, the right time for investing might be now as this currency is trading at a very affordable price.

We will be updating our subscribers as soon as we know more. For the latest updates 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.

Image courtesy of Spanish Coches via Flickr

Blogs

What Changes May the Crypto Space Experience in 2019

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After the crypto hype of 2017, a lot of newly-arrived crypto enthusiasts were caught off-guard by the price crash and bear market that took over in 2018. One month after another, investors were waiting for things to change, and for another bull run to take place. Unfortunately, this did not happen in 2018, and while the year’s final days were seemingly stable, the rally everyone wanted to see has failed to arrive.

However, crypto investors remain optimistic, with many of them hoping to see some changes arrive in 2019. There are rather great expectations of this year, especially since the last one failed to deliver. However, many are interested in what exactly is to be expected in this year, which is what we will talk about today.

Bitcoin ETF approval

The US SEC’s decision regarding Bitcoin ETFs was one of the most anticipated events throughout 2018. Sadly, the decision constantly got delayed, and the SEC never actually provided an answer. The last delay has pushed the decision into 2019, and it is now expected to arrive on February 27.

Historically, the SEC was never ready to approve Bitcoin ETF, and many believe that the delays came due to the fact that the market was not ready for then in 2018. This is backed by the fact that the SEC rejected multiple application throughout the year. VanEck and SolidX…

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Reasons Why 2019 May Be A Great Year For Crypto

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crypto
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The new year was always considered to be a time of new beginnings, where people can reflect on the past and learn from their mistakes in order to be better in the future. The same is true for the world of crypto, and investors around the world are hoping for 2019 to be better, more profitable, and to have more success than 2018.

The hope for the future is even more important when we consider all the negative development in 2018. There were numerous high-profile hacking attacks, two market crashes, with a strong bear market in between. Not to mention that some of the biggest projects that may have brightened the year a bit ended up being delayed.

With that in mind, it is understandable why investors are looking forward to the new year and all the potential development that it may bring. In fact, there are several reasons why they should be excited about 2019.

1) Bearish market to loosen its grip

The first reason why 2019 can be a good year digital currencies is that it may finally break free of the bearish grip that has been felt ever since last January. Following the first market crash, the bears settled in, and the prices kept falling for an entire year. The market attempted to shake off the negativity on several occasions, with the biggest one being…

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Blogs

3 Coins with the Largest Potential in 2019

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coins
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2018 has been a pretty bad year for digital coins, and after the initial market crash that occurred a year ago, everyone was expecting a bull run that will fix things. Obviously, it never arrived, and instead of that, all that crypto market experienced was an entire bearish year and another crash in mid-November.

Now, however, it is a brand new year, and attempts to shake off the bears’ grip can be seen even in these first two weeks. The market is still struggling and mostly losing value, rather than gaining, with most coins being in trouble once more. Still, a lot can happen in a year, and most investors remain optimistic regarding 2019. Here are some of the coins that are believed to have tremendous potential, and to be the hope of this year.

  1. Bitcoin (BTC)

Of course, Bitcoin comes first. This is the first cryptocurrency which is still dominating the market, with no other coin being even close to its market cap or price. BTC is the coin that has reached the most prominent heights, and it also lost the most in the previous year. However, there is still hope, as there are several projects and events scheduled for this year that might turn things around for the number one coin.

One thing that is expected is the approval of Bitcoin ETFs…

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