IOTA

Shift

Green

Revolution

<p>The IOTA price plunged 5% in the past 24 hours to trade for $0.2202 as of 01:44 a.m. EST on trading volume that rose 9%.</p>
<p>The IOTA price has failed to benefit from the recent move by Tenity to launch IOTA APAC Accelerator in Singapore. IOTA collaborated with Tenity to launch the Accelerator as a 12-week program that will empower the next generation of Decentralized Finance (DeFi) pioneers.</p>
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 <p lang="en" dir="ltr">📣 Big news from Singapore! We’ve teamed up with <a href="https://twitter.com/tenity_global?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">@tenity_global</a> to launch the <a href="https://twitter.com/hashtag/IOTA?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#IOTA</a> APAC Accelerator, a 12-week program to empower the next generation of DeFi pioneers.💪</p>
 <p>Find out how you can apply &amp; receive a $50,000 grant 👇 <a href="https://t.co/R4EQAVaX4O" rel="noopener noreferrer nofollow">https://t.co/R4EQAVaX4O</a> <a href="https://t.co/rKQp9jJqDa" rel="noopener noreferrer nofollow">pic.twitter.com/rKQp9jJqDa</a></p>
 <p>— IOTA (@iota) <a href="https://twitter.com/iota/status/1777592294352228546?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">April 9, 2024</a></p>
</blockquote>
<p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p>
<p>The Accelerator is intended to nurture entrepreneurial talent within the IOTA ecosystem. Focusing on early-stage projects that are developing Real-World Asset (RWA) tokenization products and infrastructure, it will aid in the creation of an environment where Web3 innovation thrives.</p>
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 <p lang="en" dir="ltr">[ICYMI] <a href="https://twitter.com/hashtag/IOTA?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#IOTA</a> and <a href="https://twitter.com/tenity_global?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">@tenity_global</a> are fostering <a href="https://twitter.com/hashtag/RWA?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#RWA</a> innovation in the IOTA ecosystem through a 12-week Accelerator program in Singapore!</p>
 <p>Apply now if you’re a Web3-focused startup using IOTA EVM to build products in RWA &amp; DeFi ⬇️ <a href="https://twitter.com/CoinMarketCap?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">@CoinMarketCap</a><a href="https://t.co/GoK5oaEuEy" rel="noopener noreferrer nofollow">https://t.co/GoK5oaEuEy</a></p>
 <p>— IOTA (@iota) <a href="https://twitter.com/iota/status/1779811914119324142?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">April 15, 2024</a></p>
</blockquote>
<p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p>
<p>Meanwhile, there is general confusion in the market as altcoins await the next directional bias from Bitcoin with the BTC halving due April 20.</p>
<h2 id="iota-price-prediction-amid-elevated-risk-in-the-market">IOTA Price Prediction Amid Elevated Risk In The Market</h2>
<p>IOTA price is trading with a bearish bias, like most altcoins in the cryptocurrency market. Overhead pressure continues to build, seem with the 200, 100, and 50-day Simple Moving Averages (SMAs), which continue to hover above the IOTA price at $0.2491, 0.2860, and $0.3206 levels respectively.</p>
<p>The Relative Strength Index (RSI) is also well below the 50 threshold, suggesting the bears are heading the market. This is reinforced by the position of both the Awesome Oscillator (AO) and the Moving Average Convergence Divergence (MACD), which are both in negative territory.</p>
<p>Enhanced selling pressure could see the IOTA price touch the bottom of the market range at $0.1910 before the altcoin becomes attractive for buying again.</p>
<p><a href="https://insidebitcoins.com/wp-content/uploads/2024/04/IOTAUSDT_2024-04-16_08-39-38.png" rel="noopener noreferrer nofollow"><img decoding="async" class="aligncenter wp-image-506735 size-full" src="https://insidebitcoins.com/wp-content/uploads/2024/04/IOTAUSDT_2024-04-16_08-39-38.png" alt="IOTA price" width="1273" height="544" srcset="https://insidebitcoins.com/wp-content/uploads/2024/04/IOTAUSDT_2024-04-16_08-39-38.png 1273w, https://insidebitcoins.com/wp-content/uploads/2024/04/IOTAUSDT_2024-04-16_08-39-38-300x128.png 300w, https://insidebitcoins.com/wp-content/uploads/2024/04/IOTAUSDT_2024-04-16_08-39-38-1024x438.png 1024w, https://insidebitcoins.com/wp-content/uploads/2024/04/IOTAUSDT_2024-04-16_08-39-38-768x328.png 768w" sizes="(max-width: 1273px) 100vw, 1273px"></a></p>
<p><a href="https://www.tradingview.com/x/rqJuIVon/" target="_blank" rel="noopener noreferrer nofollow">TradingView: IOTA/USDT 1-day chart</a></p>
<p>On the other hand, if the bulls seize the opportunity to buy the dip, the IOTA price could start a recovery. A move above the 200-day SMA at $0.2491 would encourage more buy orders. Increased buying pressure above the said level could see the IOTA price flip the 100-day SMA into support above $0.2860.</p>
<p>This would set the tone for the altcoin to foray into the higher section of the market range above the 50% Fibonacci placeholder of $0.3055. A decisive candlestick close above this level would draw in more bulls, enough to shatter resistance due to the 50-day SMA at $0.3206.</p>
<p>In a highly bullish case, the IOTA price could extend a neck higher to the top of the market range at $0.4200. Such a move would constitute a climb of nearly 90% above current levels.</p>
<h2 id="promising-alternative-to-iota">Promising Alternative To IOTA</h2>
<p>Meanwhile, investors are shifting their attention to TUK,&nbsp; the native cryptocurrency for the <a href="https://insidebitcoins.com/visit/etuktuk" target="_blank" rel="noopener noreferrer nofollow">eTukTuk</a> ecosystem.</p>
<p><span style="background-color: var(--bs-body-bg); color: var(--bs-body-color); font-family: var(--bs-body-font-family); font-size: var(--bs-body-font-size); font-weight: var(--bs-body-font-weight); text-align: var(--bs-body-text-align);">The project, which has surged past $3 million in funds raised in its presale, aims to contribute to a more sustainable and improved future for everyone.</span></p>
<p><iframe title="This AI Project Is Changing The World! Get In Early! eTukTuk" width="640" height="360" src="https://www.youtube.com/embed/HdJyAYqHSUA?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen></iframe></p>
<p>As governments in Asia and Africa embark on ambitious electric vehicle adoption goals over the next two decades, eTukTuk could be well-positioned to play a crucial role in driving this transition.</p>
<p>The project allows individuals to contribute to a more sustainable and improved future for everyone via the introduction of electric Tuk Tuk taxis.</p>
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 <p lang="en" dir="ltr">1/ The sustainable mobility market is booming globally as societies prioritize environmental sustainability and energy efficiency.</p>
 <p>Let's delve into key trends and developments shaping this transformative sector 🧵 <a href="https://t.co/A9ooNCSZ1k" rel="noopener noreferrer nofollow">pic.twitter.com/A9ooNCSZ1k</a></p>
 <p>— eTukTuk (@eTukTukio) <a href="https://twitter.com/eTukTukio/status/1779163041185054767?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">April 13, 2024</a></p>
</blockquote>
<p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p>
<p>Standing among analysts’ top choices for the <a href="https://www.linkedin.com/pulse/best-crypto-icos-2024-top-picks-big-returns-juliana-clarisse-calsona-zcxqe" rel="noopener noreferrer nofollow">best ICOs to buy in 2024</a>, the project is presented as a revolutionary cryptocurrency ecosystem set to help Tuk Tuk drivers to adapt a more energy-efficient mode of transportation.</p>
<p>At the heart of the project is setting up proprietary zero-emission vehicles (ZEVs) and EVSEs (Electric Vehicle Charging Stations) in developing economies in urban and suburban areas.</p>
<p>Its focus is on South Asia and Africa, starting in Sri Lanka.</p>
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 <p lang="en" dir="ltr">1/ eTukTuk Times is back! 📰🌍</p>
 <p>Our weekly round-up of two things we love: <a href="https://twitter.com/hashtag/EVs?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#EVs</a> and a <a href="https://twitter.com/hashtag/sustainable?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#sustainable</a> future 🚀</p>
 <p>Explore breakthrough technologies, global initiatives, and the latest developments shaping the future of sustainable transportation and combating climate change.</p>
 <p>— eTukTuk (@eTukTukio) <a href="https://twitter.com/eTukTukio/status/1747688195381485815?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">January 17, 2024</a></p>
</blockquote>
<p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p>
<h4>Staking TUK Tokens</h4>
<p>It also offers staking rewards to investors, with staked TUK tokens returning an Annual Percentage Yields (APY) as high as 90%.</p>
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 <p lang="en" dir="ltr">Introducing Buy and Stake mechanism, get <a href="https://twitter.com/search?q=%24TUK&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$TUK</a> tokens and instantly stake them, initiating a dynamic APY.</p>
 <p>Early stakers enjoy higher returns as APY adjusts with participation, encouraging early adoption and a fair, enticing incentive structure for all. 💫 <a href="https://t.co/pMrXEZzB3f" rel="noopener noreferrer nofollow">pic.twitter.com/pMrXEZzB3f</a></p>
 <p>— eTukTuk (@eTukTukio) <a href="https://twitter.com/eTukTukio/status/1711761128576159791?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">October 10, 2023</a></p>
</blockquote>
<p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p>
<p>The TUK token rewards will be distributed to users at a rate of 4.75 $TUK per BSC block.</p>
<p><a href="https://insidebitcoins.com/wp-content/uploads/2024/04/TUK-1.png" rel="noopener noreferrer nofollow"><img decoding="async" class="aligncenter wp-image-506737 size-full" src="https://insidebitcoins.com/wp-content/uploads/2024/04/TUK-1.png" alt="TUK stake" width="1088" height="265" srcset="https://insidebitcoins.com/wp-content/uploads/2024/04/TUK-1.png 1088w, https://insidebitcoins.com/wp-content/uploads/2024/04/TUK-1-300x73.png 300w, https://insidebitcoins.com/wp-content/uploads/2024/04/TUK-1-1024x249.png 1024w, https://insidebitcoins.com/wp-content/uploads/2024/04/TUK-1-768x187.png 768w" sizes="(max-width: 1088px) 100vw, 1088px"></a></p>
<p>Rewards will be payable over three years and are determined by your share of the staking pool and annual returns percentage.</p>
<p>TUK tokens are priced at $0.03 each, but there will be a hike in about four days. So, if you are interested, act soon to secure them at the lowest price.</p>
<p><a href="https://insidebitcoins.com/visit/etuktuk" target="_blank" rel="noopener noreferrer nofollow">Visit and buy TUK tokens here</a>.</p>
<h3 id="also-read">Also Read:</h3>
<ul>
 <li><a href="https://insidebitcoins.com/news/bitcoin-miners-arent-doing-so-great-why-etuktuk-presale" rel="noopener noreferrer nofollow">Bitcoin Miners Aren’t Doing So Great: Why? eTukTuk Presale</a></li>
 <li><a href="https://insidebitcoins.com/news/green-ai-revolution-in-web3-heres-how-you-can-seize-the-100x-opportunity-with-etuktuk" rel="noopener noreferrer nofollow">Green AI Revolution in Web3 – Here’s How You Can Seize the 100X Opportunity With eTukTuk</a></li>
 <li><a href="https://insidebitcoins.com/news/etuktuk-tuk-storming-into-2024-with-massive-funding-learn-why-here" rel="noopener noreferrer nofollow">eTukTuk (TUK) Storming Into 2024 With Massive Funding, Learn Why Here</a></li>
 <li><a href="https://insidebitcoins.com/news/etuktuk-strives-to-bring-sustainable-transport-to-developing-nations-with-its-innovative-three-wheeler-ev-and-charging-infrastructure" rel="noopener noreferrer nofollow">eTukTuk Strives to Bring Sustainable Transport to Developing Nations With Its Innovative Three-Wheeler EV and Charging Infrastructure</a></li>
 <li><a href="https://www.linkedin.com/pulse/what-crypto-presale-quick-guide-getting-ground-floor-new-calsona-mwpve" rel="noopener noreferrer nofollow">What is a Crypto Presale? A Quick Guide to Getting in on the Ground Floor of New Cryptocurrencies!</a></li>
</ul>

IOTA Price Prediction: IOTA Plunges 5% As Investors Shift Focus To This Green AI Presale And Its 90% APY

Table of Contents

Inside Bitcoins

Other articles published on Apr 16, 2024

Will the Crypto Market Bounce Back? Expert Says NEAR, TIA, TON, and BLP Are the First to Skyrocket

ETFSwap (ETFS) Presale Investors Outperform Avalanche (AVAX) And Near Protocol (NEAR) Holders

Analysts Bullish On Bitcoin Despite Peter Schiff’s $20,000 Doom Scenario

Coinbase CLO Paul Grewal Backs Tornado Cash Over Right to Privacy

Our global economy’s real problem is almost laughable

Iraq To Start Bitcoin Mining On A Nation-State Level, Pundit Claims

Join our free newsletter for daily crypto updates!