Bitcoin skyrocketed to an astonishing $ 17,000 earlier this year, down from under $ 1,000 early this year. Central banks have begun to warn of imminent bubbles. But as Bitcoin steals all the headlines, many alternatives to 'altcoins' or Bitcoin were equally enjoyable. If you followed the evolution of the cryptocurrency world in the last year, you will find that Ethereum, Bitcoin Cash and many other altcoins were also surprisingly surprised during this period. Surprisingly, IOTA has increased nearly 1,000% over the past month.
If you purchase one IOTA, it costs $ 4.13, but you had to pay 38 cents for the same amount just one month before November 7. Although IOTA seems to have already been hit hard, some industry observers seem to think there is still life in this rally. IOTA outperformed Ripple, the world's fourth largest cryptocurrency behind Bitcoin, Ethereum and Bitcoin Cash, thanks to the surprising price increases. But this month could simply replace Ethereum with the second largest cryptocurrency at the beginning of this month.
The main reason for the surge in IOTA is believed to be related to the IOTA's Data Marketplace presentation, which is a tangle-based solution that generates revenue from data. As part of the Data Marketplace demo, IOTA connects with massive heavyweights including, but not limited to, Microsoft, Samsung, Cisco, Fujitsu, Deustche Telecom, and Volkswagen. David Sønstebø, founder of IOTA, who described the data as "new crude" with the launch of the data marketplace, observed that "(data) will become a catalyst for future economic engines." According to him,
Data is one of the most fundamental elements in the world connected with machine economy. Without this base board, nothing can be set for the world.
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