IOTA Going Elliot Triangle Correction And A Boom Expected
IOTA is a great project with strong business logic. This is a kind of coin that I can go all in because of its team and the stuff offers. It is going under Elliot Triangle Correction and is on the final wave. Let's get into the analysis...
Daily Chart
My Targets
The above shown targets are the mid term targets and it is around 60,000 sats with some variance which will bring me to a profit of > 230% of its current price. I have used the Fibonacci tools to know about my targets and resistance & support levels. I am going to wait for a couple of days and then going to go in. Let the profit come...
It's time for some music...
Iota is a brand new and novel micro-transaction cryptotoken optimized for the Internet-of-Things (IoT). Unlike the complex and heavy blockchains of Bitcoin and the like, which were designed with other uses in mind, Iota is created to be as lightweight as possible, hence the name "Iota" with emphasis on the ‘IoT’ part.
The number of connected devices that will permeate our modern landscape in the coming decade is estimated to be 50 billion(!) Each of these are designed to make the world a better and more seamless place for us. Tied to this fantastic promise are of course a ton of obstacles to be overcome, of which one major one is micro-transactions. These connected IoT devices must be able to automatically pay miniscule amounts to one another in a frictionless manner without having to compromise on product design by introducing additional hardware. This is why Iota was conceived.
While it was developed as a solution to scalability issues faced in IoT, the underlying protocol is agnostic and can be applied in any other use-cases that utilize micro-transactions.
In order to achieve these audacious goals Iota’s design diverged radically from blockchain cryptocurrencies. It still retains the core principle ideas of the distributed consensus blockchain, but in order to be able to scale to the size of the coming Internet-of-Things ecosystem with tens of billions of devices that are connected to each other, it needed to be very lightweight and efficient. This problem is solved by Iota’s core innovation: the tangle.
VERY WEll explained man. I like it. Thanks for coming to my blog.
Very insightful.... You just know how to keep the juice flowing ....
You got it.
Thanks, Really informative and helpful for me @funnyman
Thanks.
Hey man I enjoyed your content I really hope you check out my profile aswell!! That would make my day.
THANK YOU.
Looks good, make sure you buy the photo at the end when you get off the rollercoaster so we can see it.
(as seen on TeamIndia )