Iota could possibly break out of this consolidation we've been stuck in since that ATH in December. Unfortunately it does not move independently of BTC and every drop affects Iota as well at the moment. The more market share BTC loses the better this is for other coins as it will provide more stability. More pairs and exchanges will also contribute to this. Iota still has a lot of potential. At this price point it can be considered cheap when looking at the long-term developments.