IOTA Price Prediction: IOTA Coin Explodes 48% And This Meme Coin Just Surged Past $2 Million In Presale

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The IOTA price climbed 48% in the last 24 hours to trade for $0.2360 as of 12:10 a.m. EST on trading volume that surged more than 10,000% over the same timeframe.

It comes after a strategic move by the open-source blockchain developer, with a November 29 announcement regarding the launch of the $100 million IOTA Ecosystem DLT Foundation headquartered in Abu Dhabi.

IOTA is the first #DLT Foundation regulated with @ADGlobalMarket in #AbuDhabi 🇦🇪! The new #IOTA Foundation will be seeded with over $100 million in $IOTA tokens to support and accelerate the growth of the IOTA ecosystem.https://t.co/7NYe2L5RFs
🧵⬇️ pic.twitter.com/DZUHjcm2sV

— IOTA (@iota) November 29, 2023

The foundation will catalyze the growth of IOTA’s distributed ledger technology (DLT) within the Middle East. The foundation has massive support, reaching up to $100 million in IOTA digital tokens to be vested over the next four years.

According to IOTA’s co-founder and chairman, Dominik Schiener, the massive support is intended to fuel the growth of IOTA’s DLT. At the same time, it will help transform real-world assets into digital counterparts.

IOTA Price Prognosis

Sitting atop the support confluence between the 200- and 50-day Simple Moving Averages (SMAs), the IOTA price is broadly bullish. It reserves the potential for more gains, as indicated by the Relative Strength Index (RSI) at 67, to show there is still more room to the north before IOTA was overbought.

Similarly, the Awesome Oscillator (AO) is showing green histogram bars located in the positive territory. This signifies that the bulls have the upper hand in the IOTA market.

Increased buying pressure above current levels could, therefore, see the Iota price foray back into the supply zone after a rejection. The supply zone, extending from $0.2448 to $0.2683, is critical for IOTA’s upside potential. To confirm the uptrend, the price must breach and close above this order block’s midline (mean threshold) at $0.2564.

Such a move would set the pace for IOTA’s price to extend the gains to the high range of $0.2899 or, in a highly bullish case, reach the $0.3000 psychological level. This would constitute a 30% climb above current levels.

On the other hand, a subsequent rejection from the supply barrier, an area where sellers abound, could see IOTA’s price pull further, potentially losing the $0.2043 support. It could drop into the supply zone turned bullish breaker stretching from $0.1845 to $0.2007.

A break and close below the mean threshold of this order block at $0.1927 would solidify the downtrend for the short term. The move would also invalidate the current bullish outlook.

Meanwhile, experts are buzzing about BTCETF, one of the best crypto presales to buy in 2023 and that’s seen to have 10X potential at launch.

Promising Alternative To IOTA

BTCETF, a good alternative to IOTA, is the powering token for the Bitcoin ETF Token project. This is the only ecosystem that rewards token holders as Bitcoin ETFs (exchange-traded funds) are approved.

The #BTCETF #Token stands as more than a typical #DigitalCurrency; it's a forward-thinking initiative shaping the future of #Bitcoin ETFs. 🌟

Leveraging #Ethereum, #BitcoinETF foresees and embraces this forthcoming evolution, presenting exclusive advantages to its user base. pic.twitter.com/inReCyJ3Ax

— BTCETF_Token (@BTCETF_Token) November 28, 2023

The project is in the sixth stage of the presale, where each BTCETF token is selling for $0.006. This price will only stand for the next two days before another hike, meaning now is the time to buy BTCETF for early entrant discounts.

#BitcoinETF Stage 6 has officially started! 🎉 pic.twitter.com/3fdtIR4TyK

— BTCETF_Token (@BTCETF_Token) November 28, 2023

Presale collections have exceeded the $2 million mark as it races to the $2.498 million goal.

Recapping the first Milestone for #BTCETF! 1️⃣

Achieving a $100M trading volume will mark #BitcoinETF's debut recognition in the market.

Upon reaching the $100M milestone, there will be a burn of 5% of the token supply.

Moreover, the transaction tax will decrease from 5% to 4%. pic.twitter.com/FapWUwB1n1

— BTCETF_Token (@BTCETF_Token) November 29, 2023

With the likes of Joshua Lim from Genesis Trading predicting a volatile start to 2024 for Bitcoin following the anticipated first spot ETF approval, now is the time to buy BTCETF. Lim notes the anticipation of the TradeFi to DeFi transition, with institutional players holding positions that could potentially impact retail involvement.

Joshua Lim from @GenesisTrading predicts a volatile start to 2024 for #Bitcoin following the first spot #ETF approval.

He notes the anticipation of @TradFitoDeFi, with institutional players holding positions, potentially impacting retail involvement.

Do you believe retail…

— BTCETF_Token (@BTCETF_Token) November 28, 2023

The project also has a 5% burn tax on every transaction, leading to a gradual reduction in the token supply as time progresses. The objective is to burn 25% of the tokens as specific milestones are achieved to alleviate selling pressure.

#BitcoinETF incorporates a 5% burn tax on every transaction, leading to a gradual reduction in the #Token supply as time progresses.

The plan is to burn 25% of the tokens as specific milestones are achieved aiming to alleviate selling pressure. 🚀 pic.twitter.com/odZwrPDn0D

— BTCETF_Token (@BTCETF_Token) November 27, 2023

Visit Bitcoin ETF Token to buy BTCETF in the presale here.