The cost of IOTA is exhibiting indications of a recovery, implying that the impending Rebased protocol enhancement may push prices upward.
IOTA’s subsequent substantial impetus is the approaching debut of the Rebased mainnet, which will aid it in contending with prominent chains such as Solana (SOL) and Avalanche (AVAX). Consider it IOTA advancing to engage in the major leagues!
Rebased is presently in the testnet stage, with leading validators comprising Ankr, Hashkey, Nansen, and Twinstake. While the precise date of the mainnet launch has not been declared, developers indicate it is anticipated to transpire in the initial quarter of this year. With January nearing its conclusion, February or March persist as viable months for its release.
The daily chart intimates that IOTA may have already reached its nadir at the pivotal support threshold of $0.2760, which has persevered since December.
The resurgence aligns with the overarching surge in the cryptocurrency market, with Bitcoin (BTC) surpassing $106,000. As per CoinMarketCap, the aggregate market capitalization of all cryptocurrencies ascended nearly 4% to $3.60 trillion on Thursday. There frequently exists a robust correlation between cryptocurrencies, which has also contributed to IOTA’s recent gains. Toncoin (TON) Value Forecast for March 26th
The enhancement will introduce numerous novel attributes to the IOTA ecosystem, encompassing heightened decentralization, Ethereum Virtual Machine compatibility, Move Virtual Machine, and swifter transaction velocities of up to 50,000 transactions per second. Most notably for IOTA holders, the update will bolster staking with annualized rewards spanning between 10% and 15%.
IOTA (IOTA) attained an intraday apex of $0.3195 on Thursday, up approximately 13% from this week’s nadir. Rebased possesses the capacity to broaden IOTA’s scope, rendering it as competitive as other blockchain networks such as Sui, Arbitrum, Base, and Solana. Consequently, IOTA’s price is poised to rebound prior to the mainnet launch.
In essence, maintain vigilance over IOTA! The forthcoming Rebased enhancement could be a paradigm shift, potentially augmenting its price and establishing it as a formidable contender in the blockchain realm.
IOTA is anticipated to rebound, potentially reaching $0.4256 once more. This might signify a 36% surge from its current position.
