Since IOTA Foundation board of directors solved their petulant issues, the overall development of the IOTA project has been magnificent. Well, the whole market has been doing fairly well compared to the bearish times seen in mid-August. Not only have partnerships with the internet of things (IoT) blockchain increased but the price of the MIOTA token as well.
Several factors have contributed to the well-being of IOTA blockchain, but none as much as the unity shown by the board after the leaked disagreement between the board of directors and the co-founders. This exhumed lost confidence in investors as most saw it as a step to a better running of the IOTA Foundation. This caused a huge fall in the tokens price, but the recent recovery in today’s price to match October 4th 2017 price
IOTA trades at $0.55 USD, same to the price in 2017
IOTA has gained an equal share of criticism as praise this year. It would however not be fair to completely dismiss the coins prospects in this and the upcoming Q1 2019, as the developments on the blockchain will get better as seen on their whitepaper.
IOTA currently trades at $0.557608 USD per token, representing a slight 1.16% increase in the last 24 hours, as at time of writing. The coin is currently at position 11 with a total market capitalization of $1,549,888,100 USD. With the market proving to be bearish in the course of the year heading to Q4, IOTA has remained stagnant in the last 365 days with the price rising a slight percent up.
This time in 2017, IOTA traded at around $0.5487 USD per token, which was then high for a coin that had just peaked a month before at $1.09 USD. The coin also performed better on the charts then with the coin ranked 8th on Coinmarketcap listings.
The poor run in 2018 is however slowly fading as we enter Q4, a quarter that has in the past been synonymous with abnormal gains. As seen in the chart above the price of IOTA rapidly started climbing in mid-November reaching an all-time high (ATH) of $5.23 in January. Astonishing gains!
With the price lingering in a similar position it were last year, it would not be crazy to think that the coin can reach such heights again. This time however, I doubt the massive bull will take only two months, maybe a year or two. Let us wait and see the outcome.
BitPanda lists IOTA and integrates IOTA Hub
One of the largest cryptocurrency exchanges in Europe, BitPanda integrates IOTA Hub to its trading platform as it adds the MIOTA token to the list of currencies available on the exchange. Speaking on the listing on their Medium page, BitPanda are excited in adopting the IOTA Hub in light of its advantages to the exchange.
“We are very pleased to announce not only withdrawal and deposit functionalities for IOTA on Bitpanda, but also that Bitpanda now officially supports the latest IOTA tech — IOTA Hub. Thanks to a close and fruitful collaboration between developers of Bitpanda and the IOTA Foundation we were able to be one of the very first companies who are able to take full advantage of the IOTA Hub in production environment.” – BitPanda Medium page