IOTA - Superfast, feeless ecosystem for machines and humans.
Updated
Hi Guys!
As we predicted in our analysis "BTC – signs of improvement - don't worry - we will get there!" we have a bounce off of the market.
Although BTC is not mooning yet we will observe rally soon.
OK many of you wrote us to make analysis of IOTA.
Here it is.
First bunch of information:
IOTA is a distributed ledger for the Internet of Things. This ledger is capable of processing hundreds of thousands operations per second. Transactions are feeless. This means money transfer costs you nothing. IOTA ecosystem was created to be integrated with the machines making totally new possibilities for future economy.
By solving the inefficiencies of the Blockchain, IOTA, based on the distributed ledger technology, the Tangle,which is to be the missing link for the Internet of Everything and Web 3.0. Powering a secure, scalable and feeless transaction settlement layer, IOTA will empower machines and humans to participate in flourishing new permissionless economies.
IOTA’s distributed ledger, by contrast, does not consist of transactions grouped into blocks and stored in sequential chains, but as a stream of individual transactions entangled together.
In order to participate in this network, a participant simply needs to perform a small amount of computational work that verifies two previous transactions. Rather than creating a hierarchy of roles and responsibilities in the network, every actor has the same incentives and rewards. In order to make a transaction in the Tangle, two previous transactions must be validated with the reward for doing so being the validation of your own transaction by some subsequent transaction.
Moreover, without the need for monetary rewards, IOTA is not limited to transactional value settlements. It is possible to securely store information within Tangle transactions, or even spread larger amounts of information across multiple bundled or linked transactions.
This structure also enables high scalability of transactions. The more activity in ‘the Tangle’, the faster transactions can be confirmed.
On 3.06.2018 We have Qubic Project meeting.
Probably the most important IOTA event this year. IOTA team will reveal more info about Qubic Project. It seems superfast processing and unlimited scalability as well as smart contracts implemented into IOTA ecosystem.
Team:
50 people on board which over 30 are the part of the team working on everyday basis. Each of them with photo and Linkedin profile
Their team includes experienced entrepreneurs such as Ralf Rottmann, David Sonstebo and Dominik Scheiner as well as experienced developers (some of them are PhD)ex. Paulo Finardi, Darcy Camargo, Jakub Cech.
Technical Analysis:
Fibonacci extension:
Target 1: 0.00024120 (achieved)
Target 2: 0.00031005
Target 3: 0.00036514
Target 4: 0.00042091
Target 5: 0.00050015
Target 6: 0.00060121 (long)
Target 7: 0.00089250 (very long)
Stop-loss: 0.00018000
This might be a long run but this project looks very solid and it may pay off to hodl it for longer.
Thank you for all your support.
If you like our job give us a like. Do not hesitate to comment. We are very open and value your contribution!
HUGS!
WBM_Team
As we predicted in our analysis "BTC – signs of improvement - don't worry - we will get there!" we have a bounce off of the market.
Although BTC is not mooning yet we will observe rally soon.
OK many of you wrote us to make analysis of IOTA.
Here it is.
First bunch of information:
IOTA is a distributed ledger for the Internet of Things. This ledger is capable of processing hundreds of thousands operations per second. Transactions are feeless. This means money transfer costs you nothing. IOTA ecosystem was created to be integrated with the machines making totally new possibilities for future economy.
By solving the inefficiencies of the Blockchain, IOTA, based on the distributed ledger technology, the Tangle,which is to be the missing link for the Internet of Everything and Web 3.0. Powering a secure, scalable and feeless transaction settlement layer, IOTA will empower machines and humans to participate in flourishing new permissionless economies.
IOTA’s distributed ledger, by contrast, does not consist of transactions grouped into blocks and stored in sequential chains, but as a stream of individual transactions entangled together.
In order to participate in this network, a participant simply needs to perform a small amount of computational work that verifies two previous transactions. Rather than creating a hierarchy of roles and responsibilities in the network, every actor has the same incentives and rewards. In order to make a transaction in the Tangle, two previous transactions must be validated with the reward for doing so being the validation of your own transaction by some subsequent transaction.
Moreover, without the need for monetary rewards, IOTA is not limited to transactional value settlements. It is possible to securely store information within Tangle transactions, or even spread larger amounts of information across multiple bundled or linked transactions.
This structure also enables high scalability of transactions. The more activity in ‘the Tangle’, the faster transactions can be confirmed.
On 3.06.2018 We have Qubic Project meeting.
Probably the most important IOTA event this year. IOTA team will reveal more info about Qubic Project. It seems superfast processing and unlimited scalability as well as smart contracts implemented into IOTA ecosystem.
Team:
50 people on board which over 30 are the part of the team working on everyday basis. Each of them with photo and Linkedin profile
Their team includes experienced entrepreneurs such as Ralf Rottmann, David Sonstebo and Dominik Scheiner as well as experienced developers (some of them are PhD)ex. Paulo Finardi, Darcy Camargo, Jakub Cech.
Technical Analysis:
- Price has crossed VMA50 – very good sign
- Chaikin Money Flow crossed 0 which says we have increased money pressure
- DMI – bull’s cross
- MACD – bull’s cross
- Volume Profile Indicator – let’s wait will we cross significantly level of 0.00024570. This is the “ fair price” according to investor who bought IOTA. It is marked on the chart as a red line.
- Weis Wave – not much volume yet. We can observe relatively small green wave and almost no red waves. It means there is no much demand but also supply is almost spent. Let’s observe.
Fibonacci extension:
Target 1: 0.00024120 (achieved)
Target 2: 0.00031005
Target 3: 0.00036514
Target 4: 0.00042091
Target 5: 0.00050015
Target 6: 0.00060121 (long)
Target 7: 0.00089250 (very long)
Stop-loss: 0.00018000
This might be a long run but this project looks very solid and it may pay off to hodl it for longer.
Thank you for all your support.
If you like our job give us a like. Do not hesitate to comment. We are very open and value your contribution!
HUGS!
WBM_Team
Note
Fibonacci levels insight.
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