IOTA price ready for 95% increase such as rebuilt countdown continues

The IOTA price held a strong assembly on Monday, because the date of upgrading date is approached. He jumped ten consecutive days, marking his longest stripe from March 3. March.

IOTA (Iota) He jumped to a tall of $ 0.2415, the highest level in over two months and 85% above her lowest swing in April.

The token is an offense for its maximum upgrades in its history. In the notion of last week, developers said it was Rebasized upgrade And the hard fork will happen on Monday, 5. May.

This upgrade will introduce several functions that will benefit from developers and investors. IOTA Investors will benefit from the introduction of a downtime, which will allow them to earn between 10% and 15%.

The application will become possible because IOTA will adopt a delegated network for attachment, with over 150 validators, including Ankr, co-community, Nansen, TwinSen, Twinsten, Twinstake and Hacken.

Iita’s developers will also benefit, as the network will introduce smart contracts based in the amount. These contracts will allow developers to build decentralized applications in industries such as gaming, non-machinery tokens and decentralized finances.

These smart contracts will allow the ITA network competing with other networks like Ethereum (El), Solana (Salt) and the throne (Twitch). This will help create a network income in return. Some of the collected fees will be burned, making it deflation. 50,000 IOTA transactions per second permeability will cross for many other networks.

In the notes, developers said they already have two Dapps launched on the ribs’ testnet. Svirl is the first liquid placement network, while the finals of the pool is the first decentralized exchange.

Technical analysis of IOTA price

The daily shows that the price of iota bounced strongly over the last few days. Most of these winnings were followed by announcement on the breaking partitions on the road.

The wallet breached the upper side of the drop-down pattern of the wedge, a popular bikar signal. It also crossed over 50-day average movements and resistance levels to 0.2095 USD, highest momentum 26. Marta.

Therefore, the IOTA token will probably continue to increase because the bulls are targeting the next key resistance to $ 0.42.36, the highest momentum 17. January. This price is about 95% above current level. The fall below support to $ 0.15 would not annul the bull forecast.