Hi Crytpo traders,
IOTA price is plunging. One reason is the pullback of the BTC market, but I beliebe that the main reason behind this downfall is that IOTA was not under the radar of the big fishes. Maybe its because its exchange house is Bitfinex right now during vacation time. On the other side, IOTA is well known under the veterans. I my humble opinion, it is not a coincidence that the price is running down that hard, because it is too high to enter long.
I am not shure if the market governed by few have patience to grow a solid base of IOTA, but theres is still a big chance that IOTA will rebound when coming to other exchanges. Then, we will see a high volatility for a short time before the solid growth begins.
Cheers.
In my opinion one MIOTA is still overrated if you look at the total supply of Tokens available and what you can currently do with the Token at the time beeing.
I sold all my MIOTA because of the ongoing downtrend, caused by ETH ICO's and the Bitcoin Scaling Drama.
I will rebuy some MIOTA later on for sure. but right now it is still to expensive.
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Yes, I would definitely wait until the end of August, beginning of September.
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