IOTA will rise when:
- it is listed on non sketchy exchanges.
- the devs idiot proof the wallet.
- they solve the network congestion/spam issues.
Right now IOTA is unusable as a currency. When the above is solved, it should easily dethrone ETH and LTC as the go to for fast money transfers.
The rest is irrelevant:
- the tape shows nothing but indecision; which people will interpret as triangle, pennants, or wedges according to their own desires.
- the news (or fake news) failed to meaningfully drive the price down.(!) The current narrative if blaming FUD and market manip for the price drop. It is not so. The lack of functional tech and unwillingness of the devs to even address the issue is what drove away all the new investors.
The price might benefit from BTC next correction (or not). It may continue bleeding. But I don't expect any significant movement. There's HUGE interest in IOTA (as opposed to pure speculation) which explains why the price hasn't plunged further.
In short: no point in playing with this one as long as the tech isn't there.
- it is listed on non sketchy exchanges.
- the devs idiot proof the wallet.
- they solve the network congestion/spam issues.
Right now IOTA is unusable as a currency. When the above is solved, it should easily dethrone ETH and LTC as the go to for fast money transfers.
The rest is irrelevant:
- the tape shows nothing but indecision; which people will interpret as triangle, pennants, or wedges according to their own desires.
- the news (or fake news) failed to meaningfully drive the price down.(!) The current narrative if blaming FUD and market manip for the price drop. It is not so. The lack of functional tech and unwillingness of the devs to even address the issue is what drove away all the new investors.
The price might benefit from BTC next correction (or not). It may continue bleeding. But I don't expect any significant movement. There's HUGE interest in IOTA (as opposed to pure speculation) which explains why the price hasn't plunged further.
In short: no point in playing with this one as long as the tech isn't there.