CandleFocus IOTA Becomes Top Performing Altcoin, Outshines Market with 40% Surge in 24 Hours
2024-12-03
Author: Content Editor
IOTA, the native cryptocurrency of a DLT platform, has experienced a 40% surge in value in the last 24 hours, reaching $0.48. The surge is attributed to the growing interest in older cryptocurrencies in the market and IOTA's strategic pivot to become a RWA project. The commencement of the Rebased governance vote and the increase in trading volume and open interest for IOTA also contribute to the bullish outlook for the altcoin. Technical indicators suggest that IOTA's price could continue to rise, potentially reaching $0.53 or even $1. However, profit-taking could lead to a drop in price to $0.28.
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