Following last week’s news that IOTA is launching an IoT (Internet of Things) based data sharing marketplace in partnership with some big companies including Microsoft, its price has jumped considerably. Crypto investors and traders have been clamoring to get their hands on the vastly undervalued asset which has shot up from around $0.8-$1.2 at the time of the announcement to over $4.7 today. The surge in interest and investment has pushed IOTA into the big league of cryptocurrencies where it is now positioned at number four with a market cap of $12.4 billion. It has surpassed Ripple which has a $9.5 billion market cap and is way ahead of Litecoin with $5.6 billion. News filters slowly around the world and IOTA investors are still piling into the coin this week causing the price to soar. The MIOTA token has jumped roughly 350% in a week and it continues to spike. Fear of missing out (FOMO) is likely to be a factor influencing the price hike as more people hit the exchanges to trade their Bitcoin for Miota. Touted as the next generation of the blockchain, IOTA works slightly differently to regularly distributed ledger assets such as Bitcoin or Ethereum. Read more here…

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