IOTA rising upwards

IOTA cryptocurrency showed a notable rise by 60% within past 7 days and 32% within 24 hours
09 November 2017   1851

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 list leadersCoin 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 Charts November 2017IOTA Charts

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.

Reddit.com users comments towards IOTA riseReddit.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.

Jaguar Land Rover to Partner With IOTA

As their ultimate goal, developers call the reduction of accidents and traffic congestion; these news had great impact on token's price
29 April 2019   332

The largest British automaker Jaguar Land Rover has started testing smart contracts based on the IOTA blockchain. According to Reuters, the program being developed is a smart wallet embedded in cars.

The new service will allow participants to receive IOTA tokens for providing information about road congestion and road pavement status, as well as for participating in the ridesharing program. Subsequently, drivers will be able to spend them on paying for parking or charging electric cars.

As their ultimate goal, developers call the reduction of accidents and traffic congestion.

It is known that this technology will be used in Jaguar F-PACE and Range Rover Velar. The launch date of the software for the mass consumer is unknown.

IOTA 24h Price Chart
IOTA 24h Price Chart

These news had great impact on the IOTA price. It rose for almost 14% in 24 hours and is being traded around $0.3.