IOTA price gets back on track, following IOTAs good news
Looks like IOTA is gaining strength again as it clearly broke the descending channel to the upside on 
IOTBTC. No wonder, if you take into account, that IOTA had several positive news in the last few weeks, and traded since some months at very low level, depsite being a very interesting project.
Overview over the past few weeks:
- IOTA introduced the new lightweight node Hornet:
blog.iota.org/introducing-hornet-a-lightweight-iota-node-2b3b750348f5
- Publication of a more detailed Roadmap, where Coordicide gets timed at end of 2020.
blog.iota.org/end-of-year-dev-update-roadmap-for-2020-c106be92305
- Software AG, the fourth biggest IT company from the European Union by turnover, announced, that they plan a widespread use of the IOTA token.
crypto-news-flash.com/iota-news-software-ag-plans-widespread-use-of-iota-token-hornet-update-and-x-cube/
- symbol="NYSE:STM"]NYSE:STM main account on Twitter advertises their X-CUBE-IOTA1 software expansion package for their STM32 MCU (microcontroller) which enables interactions with the tangle:
twitter.com/ST_World/status/1216724437996908544
- Fundstrat made a detailed investor report about IOTA, valuing the IOTA token at 2035 with a value of 101$. For me, actively following IOTAs news, it contains not much new information to me, except. But it's great to see such a detailed analysis from a professional institution and may drive price higher.
fsinsight.com/2020/01/16/iota-becoming-an-iot-standard-could-drive-market-adoption/
IOTBTC. No wonder, if you take into account, that IOTA had several positive news in the last few weeks, and traded since some months at very low level, depsite being a very interesting project.Overview over the past few weeks:
- IOTA introduced the new lightweight node Hornet:
blog.iota.org/introducing-hornet-a-lightweight-iota-node-2b3b750348f5
- Publication of a more detailed Roadmap, where Coordicide gets timed at end of 2020.
blog.iota.org/end-of-year-dev-update-roadmap-for-2020-c106be92305
- Software AG, the fourth biggest IT company from the European Union by turnover, announced, that they plan a widespread use of the IOTA token.
crypto-news-flash.com/iota-news-software-ag-plans-widespread-use-of-iota-token-hornet-update-and-x-cube/
- symbol="NYSE:STM"]NYSE:STM main account on Twitter advertises their X-CUBE-IOTA1 software expansion package for their STM32 MCU (microcontroller) which enables interactions with the tangle:
twitter.com/ST_World/status/1216724437996908544
- Fundstrat made a detailed investor report about IOTA, valuing the IOTA token at 2035 with a value of 101$. For me, actively following IOTAs news, it contains not much new information to me, except. But it's great to see such a detailed analysis from a professional institution and may drive price higher.
fsinsight.com/2020/01/16/iota-becoming-an-iot-standard-could-drive-market-adoption/
Trade active
Despite Coronavirus and a strong BTC in the last weeks, IOTA can follow Bitcoins.- Soon green 9 on weekly
(bearish, but needs to be contextualized with SMMA/EMA cross up)
- Can hold in value against Bitcoin, great sign
- SMMA/EMA crossing up currently, "switch to bull mode" again!
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