IOTA is best known for being related to the Internet Of Things. Despite this being the case, some investors turned their heads away from this cryptocurrency because of the bad recession on the market in the first quarter of this year. However, movements are changing. Currently, there are about 2.778,531,284 of MIOTA in circulation. This is why some users are suggesting it is best to hodl your IOTA.
IOTA is a member of MOBI-Mobility Open Blockchain Initiative which is created by the owner of Mercedes Benz. MOBI has more than 30 members that are trying to fasten the process of implementing blockchain technology in a safer and more affordable nature by ensuring autonomous payments. Since then, Miota is somewhere between the top 10 fastest gaining cryptocurrency.
In an interview with Bloomberg, the co-founder of IOTA Dominik Schiener shared his beliefs for new partnerships. He sees them as a potential opportunity for the “next growth cycle”. What’s certain at this point is that all the developers and mathematicians hired by the company are paid in IOTA tokens and not fiat currency. Also, the IOTA foundation has gathered more than 300,000 Euros in IOTA donations from users of the currency.
IOTA exploded not once but a couple of time in the past few weeks, mostly because of the announced partnership with Microsoft and Samsung. This cryptocurrency was trading below $1 just two weeks ago and now has jumped to more than 450 percent and hit a new record of $5.55. It’s worth investing because of its revolutionary technology and its ability to manage scalability indefinitely.
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