Tips | The Token of the 17/03 day: IOTA
To end the week, which at the time of writing this report approaches the key support of 1 dollar.
The IOTA cryptocurrency was developed at the beginning of 2014 by a group of people whose objective was to create a different cryptocurrency, fast at the moment of making transactions, light and available on all devices.
The main use of IOTA is for the Internet of Things (IoT) sector, which promises to connect all future objects, in order to provide them with "intelligence".
In December of last year, IOTA recorded its historical maximum at US $ 5.30, and then began its descent without brakes. One of the main reasons is the amount of cross comments that there are in social networks, both for and against the project.
Recently, the platform was accused of having a code and implementation flaw in which they can duplicate addresses and perform movements without the owner's permission, which has led to collapse to about US $ 1.
From CryptoTendencia we continue betting on the IOTA project, which should solve their short-term problems, and then think of a promising future.
The maximum goal for 2018 was at US $ 10, which we have lowered to US $ 7 due to the current problems.
In the graph above you can clearly see how since the peak of December, has begun to fall forcefully.
Currently, IOTA is ranked 12th in the cryptocurrency ranking, with a market capitalization of more than US $ 3.1 billion.
The MIOTA Token can be traded in important exchanges, among which Bitfinex and Binance stand out.
