12/27/2023 0 Comments Iota coin price may 2017![]() The number of traders net-long is 7.9% higher than yesterday and 30.2% higher from last week, while the number of traders net-short is 17.7% higher than yesterday and 15.8% higher from last week. IG Client Sentiment data show 68.6% of traders are net-long of Bitcoin with the ratio of traders long to short at 2.19 to 1. IOTA Chart: (IOTA) Daily Timeframe (November 20 – December 6, 2017) IOTA enables companies to explore new business-to-business models by making every technological resource a potential service to be traded on an open market in real time with no fees.” IOTA add that as the Internet of Things keep expanding “the need for interoperability and sharing of resources become a necessity. ![]() The main innovation behind IOTA is Tangle, a new block less distributed ledger which is scalable, lightweight and for the first time ever makes it possible to transfer value without any fees, according to the company’s website. The latest altcoin to produce headlines is IOTA, soaring from $0.36 to $5.60 in one month, making it now the fourth-largest altcoin by market cap. The recent break-out from the upward channel points to further highs but caution is warranted as any breakdown from these levels - and 25%+ falls are commonplace - could see prices quickly back below $10,000 or lower as loose holders exit the market.īitcoin Chart: (BTC) Daily Timeframe (August 1 – December 6, 2017)Īltcoin IOTA Continues to Soar on the Internet of Things The chart below shows BTC up for seven days in a row and over 120% higher than the recent low made on November 12. We will be discussing all things Bitcoin, Ethereum, IOTA and various other crypto-currencies at our weekly webinar today at 12:00pm. The latest surge in Bitcoin boosted the total crypto-currency market capitalization to in excess of $373 billion, up from $18 billion at the start of the year. While the top two currencies by Bitcoin volume were USD and KRW, another crypto-currency coin, IOTA, also printed record turnover. The Bitcoin rally continues unabated, breaking through the $12,000 barrier overnight, with trading volume hitting in excess of $9 billion in the last 24 hours. The DailyFX Bitcoin Glossary is designed to provide traders with a reference for important terms and concepts essential for understanding the emerging cryptocurrency universe.īitcoin (BTC) : Breaks the $12,000 Barrier IOTA price goes parabolic, up 200% this week. Bitcoin surge pushes market capitalization to a new record. ![]()
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