IOTA is holding strong than i expected

in iota •  7 years ago 

IOTA is a new altcoin kid on the block barely a month or two old but its showing its wits on the big boys charts. Currently at number 8 onnthe top 10 list of cryptocurrencies by market capitalization a position that stratis held for a very long time.

IOTA entrance to the altcoin world was one with a bang on the initial day it was listed on coinmarketcap and coincap it was number 6 with a price that was 50% higher than today's price. IOTA is set to disrupt the internet of things market although IOT isn't mainstream yet. Perhaps this explains its price fall given in the past 24 hours it has lost 19% of its value and in the past 6 hours it has been loosing 1% of it's value every hour.

What's impressive about IOTA is it's persistence to hold onto it's position and the strong belief by its investors that leads everyone to have faith in it and dont forget it has $770 million in market capitalization and that's no small feat. I will keep an eye on it for now maybe in the future i might buy some.

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good men!!!!

Thanks bro means alot to see you appreciate my post

IOTA definetely is one of my favorites of far future because of the new kind of tech in the background and the ZERO transaction fees.
But I agree it is not the best entry point at the moment.

The thing with iota that I don’t get is it’s supposed to be a blockless Blockchain which doesn’t make much sense to me. That is of course my understanding is correct.

This is also a very weird thing about it including also the fact that it has no transaction fees

great time to buy IOTA, i think this market will be going on a bull run soon

I would suggest on holding for like a month or two then go long term with minimum 6 months that's when you will realize alot of profit.