The price of IOTA (IOTA) has risen by 40% after developers shared an update on the upcoming upgrade called Rebased. As part of Rebased, the IOTA Foundation has launched a Business Innovation Program that will award up to €100,000 to qualified developers working on real-world asset tokenization, decentralized identities, and supply chain management solutions. The Rebased project aims to transition IOTA into a layer-1 network with advanced features surpassing other chains like Sui and Polkadot. IOTA holders can also expect a high staking yield ranging between 10% and 15%, exceeding popular cryptocurrencies like Solana and Ethereum. The price of IOTA has reached the 200-day Exponential Moving Average and has the potential for further gains, with a target price of $0.3655.



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