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The cryptocurrency IOTA proceeded to increase in price numbers, having risen more than 3.5% in the past 24 hours. Professional indexes also suggest that IOTA may soon rise to $0.30.
Over the past 150 days, IOTA has traded in a consolidated, a sequence of price fluctuation between the levels of $0.387 and $0.232. Its current IOTA price today also reflects its 2018-2020 bear market in the past;
The IOTA price movement during the pandemic
When it bought IOTA in March 2020, amid the pandemic market decline, investors could earn a return of up to 5000%. From an expert examination perspective, IOTA looks pretty bearish, but nowadays, price level could prove to become very profitable in the next cryptocurrency bull market if history decides to repeat itself.
The bullish development of the situation is that IOTA will rebuild its reserve at $0.34 and then go on rising to $0.45. This distinct momentum wave would increase the price by about 74.33%.
It is hard to say what will happen in the cryptocurrency market in the coming weeks, but if IOTA manages to consolidate further during October, a breakout is very likely. $0.249 serves as important support, and it is crucial not to lose. It will hit a new local low for this particular market cycle and hit long-term holders.
Will the IMPT token replace IOTA carbon offsets?
IOTA is one of the most durable cryptocurrencies offered in the blockchain market, but a new competitor has emerged: the IMPT token.
IOTA still has more than tenfold potential and has already achieved some important milestones, but to realize such achievements, the next cryptocurrency will have to come in 2024-2025. We may have to wait for a bull market.
The IMPT token is currently in pre-sale and has raised $3,670,217 in just one week. It will probably go on general sale in the first quarter of 2023, and its owners expect significant growth potential with 50x returns. If you are bored with the current state of the cryptocurrency market, the IMPT token could be the next coin to grace your wallet and blow up this bear market.
Interested parties should look for the white paper at the official impt.io website and get their IMPT token before it goes on sale.
Crypto Comeback Pro is a crypto trading tool for investing in the crypto market with an %88 average win rate on trades and is the #1 trading software for crypto traders from all around the globe in 2022. Try it For FREE Today. (Ad)
