IOTA Up 55% And Has Just Passed DASH

IOTA

The price of IOTA (MIOTA) has hit new record highs above $2.80.

At press time, MIOTA is trading at its record high of $2.90. The IOTA-U.S. dollar (MIOTA/USD) exchange rate has increased at a staggering 55.44 percent in 24 hours. On a monthly basis, the cryptocurrency is up 667.19 percent and since its launch on June 13th of this year, it is up a total of 354.54 percent.

Source: CoinMarketCap

The German non-profit firm, IOTA Foundation announced last Tuesday that it has made major partnerships with Samsung, Microsoft, and Fujitsu in a blockchain-based marketplace that allows them to sell data. MIOTA is now the fifth largest cryptocurrency by market capitalization and has passed Litecoin, Bitcoin Gold, and DASH. Since the huge announcement of partnerships, it has added more than $3 billion to its total market value.

Source : Coinmarketcap.com

Its biggest differentiator among its counterparts is the firm’s digital leger is entirely “blockless” and allows users to make their transaction on the chain for free. It has just entered the Chinese and Korean markets and its new growth can be attributed to that, as well.

Featured Image: twitter

Chelsea Roh is a freelance content writer living in Vancouver, BC. Her current focus is cryptocurrency, financial analysis and blockchain technology. In addition to content writing, she is an experienced Social Media Manager/Strategist. Before moving to Canada, she spent 10+ years marketing and working hands on in the medical practice industry.