Press "Enter" to skip to content

IOTA {MIOTA} Foundation teams up with Linux; may facilitate mainstream interest


IOTA is ranked at #16 above Dash but underneath Huobi Token in the market. The price declined at a rate of 11.73% in the course of the past 24-hours. This led to MIOTA dropping to $0.248343 where it currently rests. The trading volume recorded stands at roughly $12.796 million [which displays an improvement compared to its previous condition], whereas the supply still has 2,779,530,283 MIOTA coins included as part of the circulation. As of this instant, the total market cap of IOTA is $690.275 million.

According to the candlestick chart connected to the IOT/USD pair on tradingview, sellers are influencing the pace of this altcoin. So far, the daily RSI has managed to sink to 44, and a further dip may bring IOTA into the oversold zone. The MACD line has waned beneath the signal line, thereby leading to the color change involving the histogram [from green to red].

In the aftermath of 22nd September, all the peaks tied to the Awesome Oscillator bear the brown shade. The resistance level near $0.3159 will impact the digital currency in case a recovery is initiated. Initial support can be found close to the $0.2407 mark.

A news report by AMBcrypto states that the IOTA Foundation has decided to partner up with the Linux Foundation. Together, they shall design and formulate the LF Edge framework. Open-source ecosystems are healthy and promote innovation, believes the General Manager of the Linux Foundation.

LF Edge is meant to operate as an “open, interoperable framework for edge computing independent of hardware, silicon, cloud, or operating system”. Both organizations hold the opinion that the future will be reshaped on the basis of their technological advancements.

Disclaimer - OBN is an informational website which aims to give the latest blockchain related news to the readers. Articles on OBN should not be considered as investment advice. Trading cryptocurrencies is a high-risk investment, every user is advised to consult an expert before making any decisions.