The IOTA price experienced a significant increase following developer announcements about Rebased, the next upgrade for their network. The token's price rose to $0.2500, marking a monthly gain of 40%. The IOTA Foundation also established a funding program for developers working on the network structure, offering financial aid and access to marketing and technical knowledge. The program aims to develop use cases such as decentralized identity systems and supply chain monitoring. The Rebased upgrade will turn IOTA into a decentralized layer-1 network with enhanced functionality. The upgrades will include parallel processing functions to improve network scalability. IOTA holders will receive staking benefits of 10% to 15%. However, despite initial gains, the token recently experienced a significant loss due to volatility in the overall crypto market. The future movement of the IOTA price depends on buyer interest in Rebased and overall market trends.



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