IoTeX has built a decentralized platform whose aim is to empower the open economics for machines. It an open ecosystem where people and machines can interact with guaranteed trust, free will, and under properly designed economic incentives.
IoTeX’s global team is comprised of Ph.Ds in Cryptography, Distributed Systems, and Machine Learning, top tier engineers, and experienced ecosystem builders. IoTeX is developing several in-house innovations to push the frontier of blockchain 3.0, including a blockchains-in-blockchain architecture for heterogeneous computing, lightning fast Roll-DPoS consensus mechanism, and lightweight privacy-preserving techniques. It is bringing autonomous device coordination to the masses by “connecting the physical world, block by block.” This has led to an increase in IOTX price.
Internet of Things
IoTeX is the decentralized backbone for machine economics which serves machines ranging from smart home devices to autonomous vehicles. To this end, IoTeX has built and launched a fast, high-performance, and EVM-compatible blockchain that provides flexibility and scalability for various applications. Also, middlewares and Dapps are built on top of the blockchain to bring self-sovereign devices and real-world oracles into reality.
Powering Real Devices
The IoTeX blockchain already powers real devices. It includes award-winning blockchain-powered cameras from Consumer Electronic Show (CES) and the pebble geo device, perfect for supply chain optimization in any industry.
Coinbase
Recently, IOTX saw a multi-X surge in price when it went live on Coinbase. Evidently, it is the first IOT blockchain company to be listed on Coinbase.
Let us review IOTX price.
IOTX Price Prediction
IOTX had a massive breakout after the Coinbase listing news. It is currently trading just above the support at $0.0931. If it can stay above this support zone, we could start seeing a move towards $0.1431 and $0.2239. However, since the move was so quick, it is likely to loose the current support. If that happens, we could start seeing a move down towards $0.0758 and $0.0623. These could be good areas to long IOTX.
Join us on Telegram to receive free trading signals.
For more information on cryptocurrency, visit the Altcoin Buzz YouTube channel.
Images courtesy of TradingView.
Disclaimer
The information discussed by Altcoin Buzz is not financial advice. This is for educational and informational purposes only. Any information or strategies are thoughts and opinons relevant to accepted levels of risk tolerance of the writer/reviewers and their risk tolerance may be different than yours. We are not responsible for any losses that you may incur as a result of any investments directly or indirectly related to the information provided.
Do your own due diligence and rating before making any investments and consult your financial advisor. The researched information presented we believe to be correct and accurate however there is no guarantee or warranty as to the accuracy, timeliness, completeness. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence. Copyright Altcoin Buzz Pte Ltd. All rights reserved.
