IRISnet has planned for a mainnet 1.0 upgrade on 25th Feb 2021 and new functions like Coinswap (Automated Market Making), IBC, NFT and iService will go live.
As IRIS network mainnet upgrade deploys, this would start affecting IRIS price. The upgraded Mainnet will usher in the KUAFU stage of IRISnet, bringing us one step closer to achieve the vision of an Interchain Service infrastructure and protocol for building trustworthy and distributed business applications. You can read more about the network upgrade here.
IRISnet integrates related services as a public chain service portal of BSN International. It facilitates incorporation of a service-oriented infrastructure into Cosmos. It also integrates business services offered by heterogeneous systems, including public & consortium chains as well as legacy system.
Let us analyze IRIS price.
IRIS/USD – Price Prediction
IRIS is currently trading above the 0.236 fib support of $0.1374 and as long as it stays above this support, we could start seeing a move towards $0.1507, $0.1723, $0.1876, $0.2071 and $0.2635. Failure to hold this support could lead to a drop towards $0.1155 and $0.0895.
IRIS is currently trading at $0.1418 with a market cap $135,105,220. Its 24 hour trading volume was $106,283,760.
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