IOTA is Breaking All Records, Gains 70% in the Last 24 Hours
- The token soared following the announcement of the launch of IOTA's new data marketplace.

Over the last few weeks the cryptocurrency market has been soaring. Bitcoin is trading strongly above $11,500, and investors are also getting an excellent return from many altcoins. But when it comes to MIOTA, the craze is on another level.
In the last 24 hours, MIOTA, the token introduced by the IOTA organization, has gained 70 percent and reached above $2.50. The meteoric rise of the coin places it in 5th spot in the list of the largest coins, overtaking DASH, Bitcoin Gold and Litecoin. The market cap of this coin has reached a record $6.9 billion.

The coin also gained over 200 percent week-on-week, and in the past month it appreciated more than 700 percent overall. With these bullish movements, analysts are expecting the MIOTA price to break $3.
A huge chunk of the boost is coming from the concentrated South Korean market. Though Bitfinex is the leader in handling IOTA tradings with 46 percent in the last 24 hours, around 35 percent of the trading is done on Coinone and Binance.
IOTA is trying to be a dominant player in the Blockchain Blockchain Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned.) In this sense, blockchain is immune to the manipulation of data making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tamper with. The Evolution of BlockchainBlockchain was originally invented by an individual or group of people under the name of Satoshi Nakamoto in 2008. The purpose of blockchain was originally to serve as the public transaction ledger of Bitcoin, the world’s first cryptocurrency.In particular, bundles of transaction data, called “blocks”, are added to the ledger in a chronological fashion, forming a “chain.” These blocks include things like date, time, dollar amount, and (in some cases) the public addresses of the sender and the receiver.The computers responsible for upholding a blockchain network are called “nodes.” These nodes carry out the duties necessary to confirm the transactions and add them to the ledger. In exchange for their work, the nodes receive rewards in the form of crypto tokens.By storing data via a peer-to-peer network (P2P), blockchain controls for a wide range of risks that are traditionally inherent with data being held centrally.Of note, P2P blockchain networks lack centralized points of vulnerability. Consequently, hackers cannot exploit these networks via normalized means nor does the network possess a central failure point.In order to hack or alter a blockchain’s ledger, more than half of the nodes must be compromised. Looking ahead, blockchain technology is an area of extensive research across multiple industries, including financial services and payments, among others. Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned.) In this sense, blockchain is immune to the manipulation of data making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tamper with. The Evolution of BlockchainBlockchain was originally invented by an individual or group of people under the name of Satoshi Nakamoto in 2008. The purpose of blockchain was originally to serve as the public transaction ledger of Bitcoin, the world’s first cryptocurrency.In particular, bundles of transaction data, called “blocks”, are added to the ledger in a chronological fashion, forming a “chain.” These blocks include things like date, time, dollar amount, and (in some cases) the public addresses of the sender and the receiver.The computers responsible for upholding a blockchain network are called “nodes.” These nodes carry out the duties necessary to confirm the transactions and add them to the ledger. In exchange for their work, the nodes receive rewards in the form of crypto tokens.By storing data via a peer-to-peer network (P2P), blockchain controls for a wide range of risks that are traditionally inherent with data being held centrally.Of note, P2P blockchain networks lack centralized points of vulnerability. Consequently, hackers cannot exploit these networks via normalized means nor does the network possess a central failure point.In order to hack or alter a blockchain’s ledger, more than half of the nodes must be compromised. Looking ahead, blockchain technology is an area of extensive research across multiple industries, including financial services and payments, among others. Read this Term market by handling the data. Recently the organization announced a partnership with more than 20 companies, including giants like Microsoft and Fujitsu, to launch a new data marketplace. This announcement also boosted MITOA’s price as crypto investors see strong potential in the IOTA platform.
IOTA co-founder David Sønstebø said: “We are very excited to announce the launch of our data marketplace...This will act as a catalyst for a whole new paradigm of research, artificial intelligence, and democratization of data.”
Addressing the potential of the IOTA marketplace, Microsoft’s Omkar Naik said: “Next generation technology will accelerate the connected, intelligent world and go beyond blockchain that will foster innovation real-world solutions, applications, and pilots for our customers.”
Since its introduction in June 2016, IOTA has addressed the shortcomings of the Bitcoin blockchain. The biggest appeal of IOTA is its Tangle network. With this technology, the firm is claiming an “infinitely scalable” network, and this will add to the fee-less transactions on the platform.
Over the last few weeks the cryptocurrency market has been soaring. Bitcoin is trading strongly above $11,500, and investors are also getting an excellent return from many altcoins. But when it comes to MIOTA, the craze is on another level.
In the last 24 hours, MIOTA, the token introduced by the IOTA organization, has gained 70 percent and reached above $2.50. The meteoric rise of the coin places it in 5th spot in the list of the largest coins, overtaking DASH, Bitcoin Gold and Litecoin. The market cap of this coin has reached a record $6.9 billion.

The coin also gained over 200 percent week-on-week, and in the past month it appreciated more than 700 percent overall. With these bullish movements, analysts are expecting the MIOTA price to break $3.
A huge chunk of the boost is coming from the concentrated South Korean market. Though Bitfinex is the leader in handling IOTA tradings with 46 percent in the last 24 hours, around 35 percent of the trading is done on Coinone and Binance.
IOTA is trying to be a dominant player in the Blockchain Blockchain Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned.) In this sense, blockchain is immune to the manipulation of data making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tamper with. The Evolution of BlockchainBlockchain was originally invented by an individual or group of people under the name of Satoshi Nakamoto in 2008. The purpose of blockchain was originally to serve as the public transaction ledger of Bitcoin, the world’s first cryptocurrency.In particular, bundles of transaction data, called “blocks”, are added to the ledger in a chronological fashion, forming a “chain.” These blocks include things like date, time, dollar amount, and (in some cases) the public addresses of the sender and the receiver.The computers responsible for upholding a blockchain network are called “nodes.” These nodes carry out the duties necessary to confirm the transactions and add them to the ledger. In exchange for their work, the nodes receive rewards in the form of crypto tokens.By storing data via a peer-to-peer network (P2P), blockchain controls for a wide range of risks that are traditionally inherent with data being held centrally.Of note, P2P blockchain networks lack centralized points of vulnerability. Consequently, hackers cannot exploit these networks via normalized means nor does the network possess a central failure point.In order to hack or alter a blockchain’s ledger, more than half of the nodes must be compromised. Looking ahead, blockchain technology is an area of extensive research across multiple industries, including financial services and payments, among others. Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned.) In this sense, blockchain is immune to the manipulation of data making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tamper with. The Evolution of BlockchainBlockchain was originally invented by an individual or group of people under the name of Satoshi Nakamoto in 2008. The purpose of blockchain was originally to serve as the public transaction ledger of Bitcoin, the world’s first cryptocurrency.In particular, bundles of transaction data, called “blocks”, are added to the ledger in a chronological fashion, forming a “chain.” These blocks include things like date, time, dollar amount, and (in some cases) the public addresses of the sender and the receiver.The computers responsible for upholding a blockchain network are called “nodes.” These nodes carry out the duties necessary to confirm the transactions and add them to the ledger. In exchange for their work, the nodes receive rewards in the form of crypto tokens.By storing data via a peer-to-peer network (P2P), blockchain controls for a wide range of risks that are traditionally inherent with data being held centrally.Of note, P2P blockchain networks lack centralized points of vulnerability. Consequently, hackers cannot exploit these networks via normalized means nor does the network possess a central failure point.In order to hack or alter a blockchain’s ledger, more than half of the nodes must be compromised. Looking ahead, blockchain technology is an area of extensive research across multiple industries, including financial services and payments, among others. Read this Term market by handling the data. Recently the organization announced a partnership with more than 20 companies, including giants like Microsoft and Fujitsu, to launch a new data marketplace. This announcement also boosted MITOA’s price as crypto investors see strong potential in the IOTA platform.
IOTA co-founder David Sønstebø said: “We are very excited to announce the launch of our data marketplace...This will act as a catalyst for a whole new paradigm of research, artificial intelligence, and democratization of data.”
Addressing the potential of the IOTA marketplace, Microsoft’s Omkar Naik said: “Next generation technology will accelerate the connected, intelligent world and go beyond blockchain that will foster innovation real-world solutions, applications, and pilots for our customers.”
Since its introduction in June 2016, IOTA has addressed the shortcomings of the Bitcoin blockchain. The biggest appeal of IOTA is its Tangle network. With this technology, the firm is claiming an “infinitely scalable” network, and this will add to the fee-less transactions on the platform.