OTA can simply be called a distributed ledger technology. Most crypto exchanges run on one blockchain or another but this is not the case for IOTA. However, it uses an underlying technology called Tangle. Tangle, the technology that acts like the blockchain of IOTA uses nodes to handle transactions carried out on the network.

Although this does not sound like how most chains work, users are well aware of the superiority of the network over the blockchain. For example, users of Tangle can attest to the fact that the network offers faster transaction execution than the blockchain.

Investors have continued to flock to the IOTA network due to its uniqueness. IOTA does not use miners since it does not use blockchain which means that users do not pay fees for transactions. One special quality of IOTA is that its development was built to solve most issues in the IoT sector.

According to the creators, they wanted the platform to be the go-to network for facilitating transactions between IoT smart devices. With the exponential growth that the system has witnessed, IOTA is primed to become big in the coming years.

IOTA price recently broke the $0.87 resistance, confirming the move to around $1. As the price increased in volume during the rally, we expect a sustained break of resistance. Due to this, the price could rise to the $1 mark soon, which is why we also assume that the price will rise to the $1 mark.

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Iota price has formed a trend line during the recent ascent, which has consistently served as support. Because the Iota price has formed this trend line and this constantly serves as support, the price could soon rise to the $1 mark with a high probability. Thus, the price could increase by another 10% in the near future. If the price breaks the $1 psychological resistance, the price could add another percentage. If the price breaks $1, we expect a further rise towards the resistance around $1.19.

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IOTA prices shot recently about 45 percent. While many other cryptocurrencies have lost value, the price has been able to rise steadily. The new feature of staking was probably the reason. However, the price had hit the +/- $ 1.45 and $ 1.56 resistance areas. Because of this, prices might rebound and correct to the support zone of $ 1.17 and $ 1.23. The price is now well on the way to completing the correction, but could there soon be a strong breakout towards $ 3? Let's check it out in this IOTA price prediction.

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The IOTA price has formed a trend line since the bull run, which started at the end of March 2020. This trend line served as support two weeks ago. Even during the bull run, the course was able to use the trend line as support several times. However, since the price peaked at $ 2.6773 in April 2021, the price has formed a trend line. This trend line always serves as resistance and steers towards the trend line that serves as support.

Because of this, a symmetrical triangle was formed. This triangle could break out at any moment, or in January. Should we break the upper trend line, then we could quickly rise to $ 3.5. This is where the target of the triangle lies if the price breaks out bullish. Should price break the support trendline then we would expect prices around $ 0.50. There is the next major support, where the course could catch.  

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Yesterday the IOTA Foundation announced: staking in the popular cryptocurrency is starting! Since December 21st, MIOTA token holders can start the pre-staking process and receive the first rewards after one week. Here you can find out everything you need to know about IOTA staking.

The cryptocurrency IOTA was one of the big stars during the bull market in 2017. In the following years, however, the network became quieter. The great expectations of the “Internet of Things”, which were met through major partnerships with, among others, the Bosch company, could never be fully met. So the value of the MIOTA Coins could never match those times.

However, IOTA still has an extremely large fan base. These fans now see themselves confirmed that the IOTA Foundation has now taken an important development step and is now introducing IOTA staking. This is intended to increase the adaptation of the recently introduced Shimmer and Assembly networks.

IOTA provides for a token drop. Shimmer tokens (SMR) and assembly tokens (ASMB) are paid out to IOTA users after a staking phase. This token drop has 2 phases:

 - a pre-staking phase: the IOTA token holders should transfer their MIOTA to the Firefly wallet.

 - a staking phase: by staking their tokens, they create SMR and AMSB tokens. Upon reaching certain staking goals, they can receive the airdrop.

The pre-staking phase began on December 21st and lasts for a week through December 28th. The actual staking then takes 90 days.

The IOTA Foundation has published specific instructions for pre-staking on its Twitter account:

In order to take part in the IOTA campaign and stake the new network tokens, you must first purchase MIOTA tokens on an exchange. You can purchase MIOTA on Binance,  Coinbase,  Kraken, and  Bitfinex.

Then you follow the above instructions from IOTA. Get the in-house Firefly Wallet and start pre-staking! Then provide enough tokens so that you meet the requirements to receive the staking rewards!