A Quick Update for IOTA/USDT Analysis❇️ IOTA Wants To Reclaim Its Past Glory With a Major Upgrade And Lots of New Features
“ The IOTA project in 2021 is a completely new project compared to 2017 because as you can probably understand when you start from nothing, which IOTA really did, and you build up something, you make many mistakes along the way.”
IOTA is not your typical blockchain. In fact, it’s not even a blockchain. Its data structure technology based on a directed acyclic graph (DAG), or “The Tangle,” promises, in theory, to be effectively superior compared to a standard blockchain.
✅IOTA has recently released its decentralized oracle which will enable decentralized applications to receive and verify off-chain data. It may happen that IOTA oracles may now become rival to other oracle platforms like Chainlink
The IOTA Foundation has announced that they will be launching Firefly, its new wallet by the end of the year. It will come with features like reusable addresses, profiles etc and enhance the network performance.
And the alpha version of the same will be released this month replacing the infamous Trinity wallet.
✅ Chrysalis Network Migration -
IOTA is about to embark on a major network migration to Chrysalis. Chrysalis was announced in 2020, and the migration is planned to happen this April 21, 2021. It has several critical improvements, among them the elimination of the controversial coordinator node that was so heavily criticized for posing an excessive centralization of the network.
Investors are, of course, eagerly awaiting it, and the optimism is noticeable.
refrences: blog.iota.org- coinswitch. co
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✅TECHNICAL ANALYSIS
As you can see in the weekly time frame chart for IOTA/USDT, the price is trading at around $ 1.4 .
It seems that after its recent 100% growth in the last month, it is stabilizing and the process of correction and be ranging is coming to an end, so by completing at least three more waves, Iota completes its cup pattern and then according to The chart can continue its sharp movement after completing the cup handle and reach its specified targets.
but Iota can play it own special game in its ascending trend!
(Anyway, my constant suggestion to my dear community is to buy step by step (or in a few steps) , With proper capital and risk management and by setting stop-loss , To reduce their risk, Because this crazy market also depends on the odds and there is no certainty.)
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👉This analysis is my personal opinion and you are responsible for your own trades or invests.
❤️with Best Regards and successful trades
👍plz hit that damn like button if you agree
