IOTA is Fast, But Can It win the race?

Today we’re going to talk about IOTA, one of
the most famous cryptos that doesn’t actually have a blockchain.

What it has instead is the Tangle technology,
a type of directed acyclic graph which could achieve zero-fee transactions. Now
let’s see if this weird technology can win the race.

[INTRO]

Hi, it’s Kiana Danial, CEO

of InvestDiva. Before we get started, don’t forget to subscribe to the channel
by clicking on the red subscribe button to get these video briefings as soon as
we publish them. Today’s topic is IOTA and our analysts took a deep look
into the coin that wants to be in the internet of things, and found a lot of
promise–as well as a few reasons to worry.

On paper, IOTA has a lot of things going for

it: a strong team, and some big name partnerships, including Volkswagen and
Bosch. In practice, though, the technology isn’t there yet.

IOTA ‘s core proposition is to facilitate a

future where every tiny device around you is part of a network, for examples in
smart homes.

It uses the Tangle as a more efficient way of
confirming transactions, with no centralized miners. Instead each user just
mines two transactions to send his own, distributing the load over the whole
network. In theory, that means it gets faster with more users.

This comes with a disadvantage, as it can

take longer for transactions to become final. Leaked emails have also revealed
some bitter infighting at the IOTA foundation, which could put a roadblock in
the technology’s development.

For these reasons, our
analysts say IOTA could face an uphill struggle.

You can read the full report, along with the details of

our analysis, for free on Crypto Briefing’s website.

Sure enough, IOTA’s price also seems to be struggling and December and
January rallies weren’t able to bring it to the key resistance level and 23%
Fibonacci of 0.00011. Even worse, two weeks ago the IOTA/BTC pair broke below
the daily Ichimoku cloud. We’re now waiting for the 5th Ichimoku moving
average, the Chiko span to break below the cloud as well to confirm a
longer-term bearish period. For now, The pair could be headed towards the lows
of 2018 and October 2017, at 0.00006. Now I’d like to hear from you. If IOTA
does drop to these low levels, do you think it would be a good time to buy? Or
would you stay away? Once you’ve used the red
button below to subscribe to our Video Briefings, head over to the comment
section and let me know. Thank you for tuning in and I’ll see you soon with
more updates.

IOTA is Fast, But Can It win the race?

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About The Author

Kane Dane