IOTA

United

Bitcoin ETF

Pando

Foundation

<div class="cryptonews">
 <p>The native token of the IOTA distributed ledger ecosystem, also called IOTA, witnessed a sudden rally <a rel="noopener noreferrer nofollow" title="follow" href="https://thebittimes.com/tag/follow.html">follow</a>ing the announcement of the new IOTA Foundation in the United Arab Emirates (UAE).</p>
 <p>IOTA is up by 35% in the past 24 hours and is trading at $0.236 at the time of writing. The asset reached a <a rel="noopener noreferrer nofollow" title="10-month" href="https://thebittimes.com/tag/10-month.html">10-month</a> high of $0.285 shortly after the big announcement. IOTA’s market cap is currently standing at around $720 million with a daily trading volume of $773 million.</p>
 <figure class="wp-block-image size-large"><picture decoding="async" class="wp-image-14221972">
   <source type="image/webp" srcset="https://cdn.thebittimes.com/images/2023/11/30/0bfb19999cd2ed0b3c268677f553693f.webp.webp">
   <img decoding="async" width="1024" height="347" src="https://cdn.thebittimes.com/images/2023/11/30/0bfb19999cd2ed0b3c268677f553693f.webp" alt="IOTA reaches 10-month highs following $100m foundation launch - 1"> 
  </picture>
  <figcaption class="wp-element-caption">
   IOTA price, social volume and total open interest – Nov. 30 | Source: Santiment
  </figcaption>
 </figure>
 <p>Despite the recent rally, IOTA is still down by 95% from its all-time high of $5.69 on Dec. 20, 2017.&nbsp;</p>
 <div class="cn-block-related-link">
  <svg class="cn-block-related-link__icon icon" aria-hidden="true"><use xlink:href="#"></use>
  </svg> <span class="cn-block-related-link__prefix"> You might also like: </span> Pando Asset officially files for spot Bitcoin ETF with the SEC
 </div>
 <p>On Nov 29, IOTA announced the <a rel="noopener noreferrer nofollow" title="launch" href="https://thebittimes.com/tag/launch.html">launch</a> of the $100 million distributed ledger technology (DLT) <a rel="noopener noreferrer nofollow" title="foundation" href="https://thebittimes.com/tag/foundation.html">foundation</a> regulated with the Abu Dhabi Global Market, called the IOTA <a rel="noopener noreferrer nofollow" title="foundation" href="https://thebittimes.com/tag/foundation.html">foundation</a>.&nbsp;</p>
 <figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
  <div class="wp-block-embed__wrapper">
   <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
    <p lang="en" dir="ltr">IOTA is the first #DLT Foundation regulated with @ADGlobalMarket in #AbuDhabi ! The new #IOTA Foundation will be seeded with over $100 million in $IOTA tokens to support and accelerate the growth of the IOTA ecosystem.https://t.co/7NYe2L5RFs<br>️ pic.twitter.com/DZUHjcm2sV</p>— IOTA (@iota) November 29, 2023
   </blockquote>
  </div>
 </figure>
 <p>Per the announcement, the new <a rel="noopener noreferrer nofollow" title="foundation" href="https://thebittimes.com/tag/foundation.html">foundation</a> will be based in Abu Dhabi and the company will invest $100 million worth of IOTA tokens in its seed round. The assets will be vested for four years with the main aim of building the IOTA ecosystem.</p>
 <p>According to data provided by the market intelligence platform Santiment, the recent announcement has triggered a massive boost to IOTA’s social activity. The asset’s social volume witnessed a 1,745% rally in the past 24 hours, per Santiment data.</p>
 <p>Moreover, IOTA’s total open interest (OI) has been constantly rising since Nov. 21. According to Santiment, IOTA’s total OI rose from $8.7 million on Nov. 27 to $8.8 million a day later. However, there’s no real-time data to show the exact OI of the token.</p>
 <p>In late January this year, the European Union selected IOTA for the European Blockchain Pre-Commercial Procurement to test the blockchain technology.&nbsp;</p>
 <div class="cn-block-related-link">
  <svg class="cn-block-related-link__icon icon" aria-hidden="true"><use xlink:href="#"></use>
  </svg> <span class="cn-block-related-link__prefix"> Read more: </span> New Binance CEO reluctant towards senior leadership changes
 </div> <span class="google-news-banner__label">Follow Us on Google News</span>
</div>
<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/iota-reaches-10-month-highs-following-100m-foundation-launch-tbt72157.html">https://thebittimes.com/iota-reaches-10-month-highs-following-100m-foundation-launch-tbt72157.html</a></p>

IOTA reaches 10-month highs following $100m foundation launch

TheBitTimes

Các bài viết khác được xuất bản trên 30 thg 11, 2023

Galaxy Digital CEO Forecasts Positive Shift in Crypto Sector and Upcoming Bitcoin Rally

Linda Yaccarino Candidly Defends Elon Musk & X’s Free Speech Stand As Advertisers Flee

FTX Scores Approval: Cleared To Sell $873 Million In Assets To Settle Debts

Grayscale Proposes GBTC Fund Amendment as Spot Bitcoin ETF Looms

MicroStrategy Swiftly Continues Bitcoin Plans: Massive BTC Purchase!

More Gaining Than Paying in EXGOLAND’s Metaverse

Tham gia bản tin miễn phí của chúng tôi để cập nhật tin tức về tiền điện tử hàng ngày!