Many people talk about IOTA and its potential blockchain use. There are others who claim that even though this cryptocurrency has potential, it is not rising as expected.
The truth is…
Cryptocurrencies have shown many times that they do not have the typical market behavior. So there might be a few reasons why IOTA is not going forward. One of the reasons might be because of short-term investors.
These kinds of investors want to make easy money in a highly volatile market. So when they see that a currency has gone way up, they tend to sell it as fast as they can cause an abrupt decrease in value.
The next logical thing you can think of is that after this happens, people get scared and also try to sell as much as they can which will lead to a higher supply than demand. Also, this will take the price even lower. Another thing to keep in mind is that IOTA made clear that they have no formal partnership with Microsoft, saying that Microsoft is only a participant.
The co-founder of IOTA himself said that even other large corporations such as Samsung Group, Bosch, and Volkswagen were also only participants and not partners. Keeping a steady price is not necessarily a bad thing, you just have to keep an eye on it and see the further developments. If you want to find out more about IOTA check this site here on this WEBSITE!
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