IOTA reaches 10-month highs following $100m foundation launch
The native token of the IOTA distributed ledger ecosystem, also called IOTA, witnessed a sudden rally follow ing the announcement of the new IOTA Foundation in the United Arab Emirates (UAE). IOTA is up by 35% in the past 24 hours and is trading at $0.236 at the time of writing. The asset reached a 10-month high of $0.285 shortly after the big announcement. IOTA’s market cap is currently standing at around $720 million with a daily trading volume of $773 million. IOTA price, social volume and total open interest – Nov. 30 | Source: Santiment Despite the recent rally, IOTA is still down by 95% from its all-time high of $5.69 on Dec. 20, 2017. You might also like: Pando Asset officially files for spot Bitcoin ETF with the SEC On Nov 29, IOTA announced the launch of the $100 million distributed ledger technology (DLT) foundation regulated with the Abu Dhabi Global Market, called the IOTA foundation . IOTA is the first #DLT Foundation regulated with ...