Coin of the day is IOTA.
During the falling market, as always, we revise the bottom coins, which looks like a good opportunity to buy-in on a case of future growth.
To recap what is IOTA:
David Sonstebo, co-founder of cryptocurrency, states that it was developed to enable the “paradigm shift” to the Internet of Things by establishing a “de facto standardized “Ledger of Everything.”
“Simply put, this is the concept of basically connecting any device with an on and off switch to the Internet (and/or to each other). This includes everything from cell phones, coffee makers, washing machines, headphones, lamps, wearable devices and almost anything else you can think of. This also applies to components of machines, for example, a jet engine of an airplane or the drill of an oil rig. “ – written in Forbs article.
Latest news
On July 7 IOTA published an article about the partnership with +CityxChange “IOTA to Help Building Smart Cities in Europe “.
+CityxChange (positive city exchange) is a smart city project, submitting proposal to receive funding from the European Union’s Horizon 2020 research and innovation programme in the call for the topic ‘Smart cities and communities’.
The outcome expected out of this project is that +CityxChange, with the help of IOTA, will create solutions for Positive Energy Blocks leading to Positive Energy Districts and Cities through:
Norwegian University of Science and Technology (NTNU) will be the leader and host of the consortium of +CityxChange along with the Lighthouse Cities Trondheim kommune and Limerick City and County Council.
Technicals
IOTABTC tried to stop the July fall recently, showing the bottoming pattern above the 0.00015 level and even testing the Bearish Trend Line afterward. But still, negative mood about Bitcoin future and cryptomarkets, regulatory issues in China drags the markets down along with IOTA and everyone else. So, the price went down to the 0.00015 level again and seems to be finding a firm support on this level. From the overall view of the price picture: 0.00013 – 0.00014 zone is the March low and support level for the correction to the 2017 growth. So, if it is meant for IOTA to stay on the market and eventually go up, these levels are a good place to buy. Negative scenario is a breakthrough below the 0.00013 level and further descent.
During the falling market, as always, we revise the bottom coins, which looks like a good opportunity to buy-in on a case of future growth.
To recap what is IOTA:
David Sonstebo, co-founder of cryptocurrency, states that it was developed to enable the “paradigm shift” to the Internet of Things by establishing a “de facto standardized “Ledger of Everything.”
“Simply put, this is the concept of basically connecting any device with an on and off switch to the Internet (and/or to each other). This includes everything from cell phones, coffee makers, washing machines, headphones, lamps, wearable devices and almost anything else you can think of. This also applies to components of machines, for example, a jet engine of an airplane or the drill of an oil rig. “ – written in Forbs article.
Latest news
On July 7 IOTA published an article about the partnership with +CityxChange “IOTA to Help Building Smart Cities in Europe “.
+CityxChange (positive city exchange) is a smart city project, submitting proposal to receive funding from the European Union’s Horizon 2020 research and innovation programme in the call for the topic ‘Smart cities and communities’.
The outcome expected out of this project is that +CityxChange, with the help of IOTA, will create solutions for Positive Energy Blocks leading to Positive Energy Districts and Cities through:
- decision support tools which, enable informed decisions to be made by all participants in the group or community
- an attempt at creating a Positive Energy Block through energy reduction and efficiency measures, local renewables, local storage, flexibility and peer-to-peer energy trading
- top-down community engagement is driven by the local authority and bottom-up citizen engagement to inform, educate and drive behavioral change
Norwegian University of Science and Technology (NTNU) will be the leader and host of the consortium of +CityxChange along with the Lighthouse Cities Trondheim kommune and Limerick City and County Council.
Technicals
IOTABTC tried to stop the July fall recently, showing the bottoming pattern above the 0.00015 level and even testing the Bearish Trend Line afterward. But still, negative mood about Bitcoin future and cryptomarkets, regulatory issues in China drags the markets down along with IOTA and everyone else. So, the price went down to the 0.00015 level again and seems to be finding a firm support on this level. From the overall view of the price picture: 0.00013 – 0.00014 zone is the March low and support level for the correction to the 2017 growth. So, if it is meant for IOTA to stay on the market and eventually go up, these levels are a good place to buy. Negative scenario is a breakthrough below the 0.00013 level and further descent.
