IOTA

United

Bitcoin ETF

Pando

Foundation

The native token of the IOTA distributed ledger ecosystem, also called <a href="https://crypto.news/price/iota/">IOTA</a>, witnessed a sudden rally following the announcement of the new IOTA Foundation in the United Arab Emirates (UAE). 
IOTA is up by 35% in the past 24 hours and is trading at $0.236 at the time of writing. The asset reached a 10-month high of $0.285 shortly after the big announcement. IOTA’s market cap is currently standing at around $720 million with a daily trading volume of $773 million. 
<figure class="wp-block-image size-large">
 <img loading="lazy" decoding="async" width="1024" height="347" src="https://crypto.news/app/uploads/2023/11/IOTA-IOTA-12.27.09-30-Nov-2023-1024x347.png" alt="IOTA reaches 10-month highs following $100m foundation launch - 22" class="wp-image-14221972">
 <figcaption class="wp-element-caption">
 IOTA price, social volume and total open interest – Nov. 30 | Source: <a href="https://app.santiment.net/charts/aaUZdbND__sCl" target="_blank" rel="noopener">Santiment</a>
 </figcaption>
</figure> 
Despite the recent rally, IOTA is still down by 95% from its all-time high of $5.69 on Dec. 20, 2017.&nbsp; 
 You might also like: <a href="https://crypto.news/pando-asset-officially-files-for-spot-bitcoin-etf-with-the-sec/"> Pando Asset officially files for spot Bitcoin ETF with the SEC </a> 
On Nov 29, IOTA announced the launch of the $100 million distributed ledger technology (DLT) foundation regulated with the Abu Dhabi Global Market, called the IOTA foundation.&nbsp; 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper"> 
 <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 IOTA is the first <a href="https://twitter.com/hashtag/DLT?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener">#DLT</a> Foundation regulated with <a href="https://twitter.com/ADGlobalMarket?ref_src=twsrc%5Etfw" target="_blank" rel="noopener">@ADGlobalMarket</a> in <a href="https://twitter.com/hashtag/AbuDhabi?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener">#AbuDhabi</a> 🇦🇪! The new <a href="https://twitter.com/hashtag/IOTA?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener">#IOTA</a> Foundation will be seeded with over $100 million in <a href="https://twitter.com/search?q=%24IOTA&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener">$IOTA</a> tokens to support and accelerate the growth of the IOTA ecosystem.<a href="https://t.co/7NYe2L5RFs" target="_blank">https://t.co/7NYe2L5RFs</a> 🧵⬇️ <a href="https://t.co/DZUHjcm2sV" target="_blank">pic.twitter.com/DZUHjcm2sV</a>— IOTA (@iota) <a href="https://twitter.com/iota/status/1729836948422803896?ref_src=twsrc%5Etfw" target="_blank" rel="noopener">November 29, 2023</a>
 </blockquote>
 <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
 </div>
</figure> 
Per the announcement, the new foundation will be based in Abu Dhabi and the company will invest $100 million worth of IOTA tokens in its seed round. The assets will be vested for four years with the main aim of building the IOTA ecosystem. 
According to data provided by the market intelligence platform Santiment, the recent announcement has triggered a massive boost to IOTA’s social activity. The asset’s social volume witnessed a 1,745% rally in the past 24 hours, per Santiment data. 
Moreover, IOTA’s total open interest (OI) has been constantly rising since Nov. 21. According to Santiment, IOTA’s total OI rose from $8.7 million on Nov. 27 to $8.8 million a day later. However, there’s no real-time data to show the exact OI of the token. 
In late January this year, the European Union <a href="https://crypto.news/eu-selects-iota-to-test-blockchain-technology/">selected IOTA</a> for the European Blockchain Pre-Commercial Procurement to test the blockchain technology.&nbsp; 
 Read more: <a href="https://crypto.news/new-binance-ceo-reluctant-towards-senior-leadership-changes/"> New Binance CEO reluctant towards senior leadership changes </a>

IOTA reaches 10-month highs following $100m foundation launch

crypto.news

Các bài viết khác được xuất bản trên 30 thg 11, 2023

AntPool to refund user with $3m gas fee if identity can be verified

Nexo launches Dual Investment for yield earning and price prediction

Crypto Exchange Insiders Betting on This 100x BTC Fork During The Biggest ICO-End Event in 2023

FTX Granted Court Approval to Liquidate $744 Million Grayscale Trust Assets

SPACE ID (ID) Gains Over 20% Post-Upbit Listing, Triggers Massive Wallet Movements

BREAKING: MicroStrategy Beli Bitcoin Lagi, Kali Ini Setara Rp9,2 Triliun

Tham gia bản tin miễn phí của chúng tôi để cập nhật tin tức về tiền điện tử hàng ngày!