While top-10 leaders of cryptocurrency market capitalisation list have been developing quite steadily during last 7 days, IOTA coin stands out showing an unexpected growth, rising by 60,35% during last week and by 32,33% during last 24 hours.
Coin Market Capitalisation Leaders List
IOTA, a cryptocurrency which currently takes 10th place in top coins list ranked by market capitalisation has skyrocketed within past 7 days. At the moment of press, the coin has a market capitalisation of $1,5 billion and costs $0,58, although it was traded at a price of $0,32 only 7 days ago.
IOTA has announced a decent amount of innovations during last week, for instance Masked Autentificated Messaging was released on Novemver 4, adding functionality to emit and access an encrypted data stream, like RSS, over the Tangle (IOTA’s distributed ledger) regardless of the size or cost of device.
Moreover, on November 7 iotasear.ch officially became the first explorer to show full transaction history, letting users view every single transaction since the installation of IOTA, as was reported in the official twitter accound of the coin.
https://t.co/CAZrP4Pw8q is now officially the first explorer to show full transaction history! You can now view every single transaction since the dawn of iota! Happy Exploring! pic.twitter.com/GbnE0HOYss
— iotasear.ch (@iotasearch) 7 ноября 2017 г.
November 9 was marked by the introduction of a beta version of Chatangle, which is claimed to be decentralized global chatroom, powered by the IOTA tangle.
The unexpected rise of IOTA cryptocoin price might also be linked to the cancellation of SegWit2x, as users that were rejecting altcoins in favour of Bitcoin are currently flooding back into the altcoin markets while most of the alt coins remain cheap.
Reddit.com users comments
In the meantime, Reddit.com users seem to be amused by such a significant increase of IOTA coin, expressing positive expectations towards the development of currency.