News: IOTA’s Coordicide, Price Up 11.2% And IoT Could Hit $318 Billion by 2023

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https://www.newsbtc.com/?s=IOTA%E2%80%99s%20Coordicide%2C%20Price%20Up%2011.2%25%20And%20IoT%20Could%20Hit%20%24318%20Billion%20by%202023

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#IOTANews #CryptoNews

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Transcript:

0:00:00 IOTA’s Coordicide, Price Up 11.2% And IoT Could Hit $318 Billion by 2023

0:00:08 This update is brought to you by “CoinCheckup News Updates” and was originally published on “NewsBTC”.

0:00:15 Decentralization is the central theme within blockchain circles.

0:00:19 And IOTA is not deviating.

0:00:21 With Coordicide, the network will be more decentralized and “inherently modular.” As a result, IOTA prices may inch higher in response.

0:00:30 For an efficient future, there must be investment supporting the development of the Internet of Things.

0:00:35 Regardless of one’s opinion, IoT is vital for future efficiency.

0:00:40 Good news is, the figure could more than double, in the next four years, to a whopping $318 billion with a compound annual growth rate of 20 percent.

0:00:49 Now, to say IOTA leads in innovation and development in this space is an understatement.

0:00:54 Following the precedent set by Cardano, IOTA is hard at research for the general betterment of the IoT and indeed the blockchain space.

0:01:02 Already, there are plans to eliminate the central coordinator, in an upgrade dubbed the Coordicide, the Iota landscape will be more decentralized than before.

0:01:10 Furthermore, Coordicide shall scale the network.

0:01:13 “Removing the Coordinator from the IOTA network will realize a long sought-after goal in the field of DLT: scalability without centralization.

0:01:22 Even so, that is not stopping other project’s coins from usurping IOTA.

0:01:26 Down to 18th in the liquidity and market cap leader board, the currency is trading at 46 cents.

0:01:32 Because of that, it is 11.2 percent higher from last week’s close, and bulls are aiming for more.

0:01:38 Like most assets, IOTA is trading within a bullish breakout pattern against the USD.

0:01:44 After the retest following the double bar bear reversal pattern of late May 2019, the retest of 40 cents, the break out level is complete.

0:01:52 Thanks for watching this video!
If you wanna read the whole article you can go to CoinCheckup.com or go to: “NewsBTC”, who originally published this news update on their website.

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News: IOTA’s Coordicide, Price Up 11.2% And IoT Could Hit $318 Billion by 2023

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