Short analysis of IOTA (mid-long term)
Iota has been hyped recently and reached $5+.
The last time it has been in a down trend (bear market).
When we look at the chart we can see two strong trendlines.
A bullflag is being created and at the end of the flag, Iota could seriously moon.
Ofcourse, everyone could draw some lines and say, "guys look at this it's gonna moon, buy now wtf!"
I will give some extra reasons, why I think all of this will happen.
1. IOTA announcements.
Last time iota started with their announcements, the price mooned (from less than a dollar till 5.8 I think)
They have an incredible strong team when it comes to things like this.
We have seen this last time, and I think we will see this again.
2. BTC listing
When BTC enters the world of the stocktraders, they will pump the price for sure.
It has been media hyped the last few days/weeks and it had a negative effect on the btc price.
We had a bearmarket with drops to 12.5k. THIS IS NORMAL!
Every time a stock or precious metal (I traded gold and silver before crypto) gets media attention, it first pumps the price for up till 30%.
After that it 'corrects' again till the same price it was, this happens with a bearmarket.
After this happened, the price will moon. Not just go up, MOON.
We will reach ATH some people never had imagined. People who laughed at Mcafee will feel extremly stupid and will understand why he said what he said.
Ofcourse the price can't go up 24/7, there will be a lot of periods when btc goes sideways or "corrects a little" (5-10% after a 30% rise?).
This is altmoon time. Last time IOTA did not moon due to the previous extreme moon.
Now it will be corrected and people will start buying it again when they hear the increasing amount of announcements and discussions about IOTA.
3. IOTA upgrade and quantum computing.
IOTA is one of the only crypto's who can't get 'hacked' with quantum computing.
As this topic will come up more often, people will start looking for crypto's that already are resistant.
Guess what, IOTA is the number 1 crypto in market cap with a full quantum proof tech.
Thanks to the TANGLE tech they use instead of Blockchain, quantum can't touch IOTA.
(Read more about tangle and the Fee-free transfers online, just google it or something.)
I could give more reasons why I think what I said, but for now this is more than enough.
Conclusion:
If you can buy Iota for 20k sats or less, you could be making a lot of profit in the next month(s).
I wouldn't be surprised if IOTA would go up till 40-50k sats and reach a value of 8.2-10.8 dollar.
I hope you leave a comment, I'd love to discuss and talk about IOTA.
Thanks for reading this!
Iota has been hyped recently and reached $5+.
The last time it has been in a down trend (bear market).
When we look at the chart we can see two strong trendlines.
A bullflag is being created and at the end of the flag, Iota could seriously moon.
Ofcourse, everyone could draw some lines and say, "guys look at this it's gonna moon, buy now wtf!"
I will give some extra reasons, why I think all of this will happen.
1. IOTA announcements.
Last time iota started with their announcements, the price mooned (from less than a dollar till 5.8 I think)
They have an incredible strong team when it comes to things like this.
We have seen this last time, and I think we will see this again.
2. BTC listing
When BTC enters the world of the stocktraders, they will pump the price for sure.
It has been media hyped the last few days/weeks and it had a negative effect on the btc price.
We had a bearmarket with drops to 12.5k. THIS IS NORMAL!
Every time a stock or precious metal (I traded gold and silver before crypto) gets media attention, it first pumps the price for up till 30%.
After that it 'corrects' again till the same price it was, this happens with a bearmarket.
After this happened, the price will moon. Not just go up, MOON.
We will reach ATH some people never had imagined. People who laughed at Mcafee will feel extremly stupid and will understand why he said what he said.
Ofcourse the price can't go up 24/7, there will be a lot of periods when btc goes sideways or "corrects a little" (5-10% after a 30% rise?).
This is altmoon time. Last time IOTA did not moon due to the previous extreme moon.
Now it will be corrected and people will start buying it again when they hear the increasing amount of announcements and discussions about IOTA.
3. IOTA upgrade and quantum computing.
IOTA is one of the only crypto's who can't get 'hacked' with quantum computing.
As this topic will come up more often, people will start looking for crypto's that already are resistant.
Guess what, IOTA is the number 1 crypto in market cap with a full quantum proof tech.
Thanks to the TANGLE tech they use instead of Blockchain, quantum can't touch IOTA.
(Read more about tangle and the Fee-free transfers online, just google it or something.)
I could give more reasons why I think what I said, but for now this is more than enough.
Conclusion:
If you can buy Iota for 20k sats or less, you could be making a lot of profit in the next month(s).
I wouldn't be surprised if IOTA would go up till 40-50k sats and reach a value of 8.2-10.8 dollar.
I hope you leave a comment, I'd love to discuss and talk about IOTA.
Thanks for reading this!