What is IoTeX (IOTX) coin? update- should you invest 2021-22
INTRODUCTION
So today we discuss about iotex why it all of a sudden went into a growth of
140%, on which company its blockchain is based, you will know the reason for its
growth as well as its updates, whether you should invest in this coin or not if you
are an intermediate level investor or a beginner This is important for you to know,
so just read till the end.
so without wasting more time let's get started
why iotx exploded
we're going to be talking about how iot x just absolutely exploded and is up 500
the reason for this is going to be the fact that iotx just got listed onto coinbase this
is going to be a huge headline that was released three days ago and now opens
trade for iotx or in protocol tribe antera ust are all now available on coinbase so
what iotex is?
is it's going to be an ethereum token that powers iotx a platform that aims to
connect internet of things devices this platform connects anything such as cameras
sensors and decentralized applications and can be used to pay for transactions for
staking and governance or to register new devices on the network
difference
iotex is completely different than iota and in fact iota is in my opinion on this is
gonna be already way more established than iotex they have way more partnerships
they've been way more established
iota vs iotex-(budget)
when it comes to iota right now iota is sitting at about a 2.8 billion dollar market
cap hasn't done this much this week hasn't rebounded too well since the beginning
or the drop of this market and first and foremost it is completely different than iotx
iotex is a blockchain platform proof of stake decentralized blockchain that is
connecting internet of things to give the power to the people as you guys know
if we go into facebook twitter any of these centralized exchanges that control your
data they have what you call breaches or hacks all the time iota has been hacked
and shut down completely because it's a centralized server that is ran by one node
iota literally can shut down the entire network off a wallet hack and this is how you
know and sketchy now out and this is all completely solved with iotex again not
iota they're going to be centralized and have their own issues
iotx capacity and why it listed in coinbase?
such a beast of a platform and that is gonna be because it's building the connected
world so their journey is to power billions of devices and decentralized applications
across the physical and digital world now right here this is in real time they have
over 6,900 devices connected to it they have over a 200,000 plus community over
every 8,300 stakers and have processed over 12 million transactions and this is
speeding up significantly ever since they got listed on coinbase again their market
cap went from roughly 200 million to over a billion dollar evaluation in just one
week
ecosystem of IOTX
ecosystem because this is what really matters ucam -ucam is actually iotex and aws
partnered up so they are partnered with amazon aws of china and high cloud for
this ucam and what this technology is it's a camera that is connected to a
decentralized blockchain and gives the control of that data and privacy to the user
again like we just covered with facebook breaches and iota having hacks to their
blockchain and absolutely just leaking this information to so this blockchain
powered home security camera is has a hundred percent privacy and this is the
future guys we are in and not an industrial we're in a technology revolution right
now in the next decade everything will be tokenized running throug
cryptocurrency or blockchain
where it can be used ?
iotex can be used again to register new devices validate and governs the the
network and has a lot of utility to it but i want to show you the partners now the
nordic semiconductor this is going to be the one of the largest world in the world
iot chip manufacturers and this is going to be the pebble tracker partner that we're
talking about that connects supply chain asset tracking and everything to that
device and again gives a hundred percent of that privacy data control to its user
that is the biggest use case out of almost any blockchain
innovation that blockchain has used is going to be privacy right internet of things
again like i said everything is going to be connected and this is why on iotix has
been absolutely pumping through coinbase developers and retail investors and
institutions are realizing the utility by iotex finally it's been shunned absolutely
shunned by iota
update
Talking about the maximum supply in this coin market, it is near 10 billion US
dollars and if we talk about the total supply, then 9.6 billion is in that dollar, in the
update, it has grown more than 140% in just 24 hours. Which is a very good thing,
you will get to see this in both Binance and Coinbase, Talking about the current
update, it has suddenly gone down a bit due to the big pump coming, it is still
running on a profit of 120%. Till now have not taken any support again, due to
which the rate is that it can dump down anytime.
And the biggest update is that they have distributed about 95% of the maximum
supply in the market, due to which the demand is very high and the supply is
coming in its price due to the work, so its growth rate is at the top.
SHOULD YOU INVEST ?
So now the big problem here is that if you are a new investor or intermediate if you
have invested it, then it is not for you, but next time this mistake should not
happen to you, so read it completely.
If there is a sudden growth in any crypto coin, then never invest your money in it, as
soon as it grows, it will come down too soon.
You can take 2-3 coins for example which grew suddenly and then came down like
you can take XRP coin in example, after suddenly growing they stopped and their
price is still the same as it started 2 years ago. Its pricing was started at Rs.90,
today it is priced at Rs.86.
Now the second question arises that when to invest
Wait till the price moves to a top range as soon as it starts coming down you can
invest However, nothing can be said about it, it is a futuristic coin, its company
smartcard or smart car smart home product like alexa smart vacuum which we do
it, then its blockchain works on the apps of all those products i.e. smart product on
its blockchain If applications can be made, then it is a very unique idea if seen, it is
quite a growing coin, but still I will not recommend it now, I will not invest in it.
Post a Comment