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Crypto-Talk

IOTA is Hidden Gold

IOTA

Long back I have posted a post when IOTA was under $0.30 and suggested about possible best buy in 2017. IOTA is always on top ten in coinmarketcap.  IOTA is not based on blockchain technology. It is based on very new technology Tangle network. Some people believes that it could be more popular than blockchain. The best part is that there are no fees for payment. They have launched data marketplace and it will monetize 2.5 quintillion bytes of data being generated daily.  This marketplace allows users to securely buy and sell data across global users through connected devices. They have a very active team and a lot of events coming soon. They are also providing machine learning as a service as they have launched CognIota.

Even in past, they have organized so many meetups. Currently, they are working with many big companies such as Deutsche Microsoft, Bosch, Telekom, Airbus,  Huawei Group, Cisco, Samsung, DNV GL, Accenture, EWE, PwC, TINE,   Fujitsu, Orange, Schneider Electric and many more. They are helping other companies to set up the sensor that sells the data directly on the marketplace.

There is a speculation that IOTA is partnering with Microsoft but IOTA co-founder Dominik Schiener confirmed that Microsoft is also participants like other companies, not partners.

“We have never mentioned that any of the companies which are participating in the marketplace are our ‘partners,’ We call them participants.”

 

If you have IOTA in your portfolio then hold it or add it to your portfolio if price dips. Now IOTA market cap is around $13 billion. If volume increases then price should go up.

Disclaimer: I am not a professional adviser, this is all based on the news. Buy and sell at your own risk.
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