IOTA prices stall at $4.2 following the surge of most of the altcoins on the market. It is interesting for NEM especially now that the sell pressure is expected to go anywhere around $1.1. Litecoin, on the other hand, has also grown past $290 which marks the beginning of January great for altcoins.
However, IOTA has been in the focus lately. Even though the buyers of IOTA hope for the price to come closer to $5.5, the long term buy trend has shown that this is an over-valuation in the weekly chart. Still, the potential of IOTA is big especially this week and the surge of altcoins.
IOTA has seen a great trading volume lately, with more than $342 million invested in the past 24 hours. This respectable amount is still nothing compared to the buzz around the altcoin. Rumors say that the price will rise even more after the trading volume hits $500 million – especially now that the IOTA price is appreciating nicely. At the end of the day, there is still more room for surges and people who are willing to make profits on this virtual currency.
As you probably know, Q4 in 2017 has been the most successful for IOTA. Binance is now the go-to market for everyone willing to buy the cryptocurrency, although Bitfinex is another market that is hot lately. Both of the exchanges have two trading markets in the top four, which makes them great for the purchase of IOTA as a cryptocurrency.
For now, it is very unclear how things are going to play out for IOTA. What’s certain is that there will be a momentum when the digital currency will breach the $5 mark – whether that happens today or tomorrow. In the very end, nothing is impossible and IOTA already proved that.
It is up to us, analysts and traders to keep a close eye on this altcoin and see how it is going to move forward, preparing for potential investments (and returns) on them.
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