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IOTA Price Prediction: IOTA Plunges 5% As Investors Shift Focus To This Green AI Presale And Its 90% APY

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The IOTA price plunged 5% in the past 24 hours to trade for $0.2202 as of 01:44 a.m. EST on trading volume that rose 9%.

The IOTA price has failed to benefit from the recent move by Tenity to launch IOTA APAC Accelerator in Singapore. IOTA collaborated with Tenity to launch the Accelerator as a 12-week program that will empower the next generation of Decentralized Finance (DeFi) pioneers.

The Accelerator is intended to nurture entrepreneurial talent within the IOTA ecosystem. Focusing on early-stage projects that are developing Real-World Asset (RWA) tokenization products and infrastructure, it will aid in the creation of an environment where Web3 innovation thrives.

Meanwhile, there is general confusion in the market as altcoins await the next directional bias from Bitcoin with the BTC halving due April 20.

IOTA Price Prediction Amid Elevated Risk In The Market

IOTA price is trading with a bearish bias, like most altcoins in the cryptocurrency market. Overhead pressure continues to build, seem with the 200, 100, and 50-day Simple Moving Averages (SMAs), which continue to hover above the IOTA price at $0.2491, 0.2860, and $0.3206 levels respectively.

The Relative Strength Index (RSI) is also well below the 50 threshold, suggesting the bears are heading the market. This is reinforced by the position of both the Awesome Oscillator (AO) and the Moving Average Convergence Divergence (MACD), which are both in negative territory.

Enhanced selling pressure could see the IOTA price touch the bottom of the market range at $0.1910 before the altcoin becomes attractive for buying again.

IOTA price

TradingView: IOTA/USDT 1-day chart

On the other hand, if the bulls seize the opportunity to buy the dip, the IOTA price could start a recovery. A move above the 200-day SMA at $0.2491 would encourage more buy orders. Increased buying pressure above the said level could see the IOTA price flip the 100-day SMA into support above $0.2860.

This would set the tone for the altcoin to foray into the higher section of the market range above the 50% Fibonacci placeholder of $0.3055. A decisive candlestick close above this level would draw in more bulls, enough to shatter resistance due to the 50-day SMA at $0.3206.

In a highly bullish case, the IOTA price could extend a neck higher to the top of the market range at $0.4200. Such a move would constitute a climb of nearly 90% above current levels.

Promising Alternative To IOTA

Meanwhile, investors are shifting their attention to TUK,  the native cryptocurrency for the eTukTuk ecosystem.

The project, which has surged past $3 million in funds raised in its presale, aims to contribute to a more sustainable and improved future for everyone.

As governments in Asia and Africa embark on ambitious electric vehicle adoption goals over the next two decades, eTukTuk could be well-positioned to play a crucial role in driving this transition.

The project allows individuals to contribute to a more sustainable and improved future for everyone via the introduction of electric Tuk Tuk taxis.

Standing among analysts’ top choices for the best ICOs to buy in 2024, the project is presented as a revolutionary cryptocurrency ecosystem set to help Tuk Tuk drivers to adapt a more energy-efficient mode of transportation.

At the heart of the project is setting up proprietary zero-emission vehicles (ZEVs) and EVSEs (Electric Vehicle Charging Stations) in developing economies in urban and suburban areas.

Its focus is on South Asia and Africa, starting in Sri Lanka.

Staking TUK Tokens

It also offers staking rewards to investors, with staked TUK tokens returning an Annual Percentage Yields (APY) as high as 90%.

The TUK token rewards will be distributed to users at a rate of 4.75 $TUK per BSC block.

TUK stake

Rewards will be payable over three years and are determined by your share of the staking pool and annual returns percentage.

TUK tokens are priced at $0.03 each, but there will be a hike in about four days. So, if you are interested, act soon to secure them at the lowest price.

Visit and buy TUK tokens here.

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