{"id":348389,"date":"2022-09-28T00:29:42","date_gmt":"2022-09-28T04:29:42","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=348389"},"modified":"2022-09-28T00:29:42","modified_gmt":"2022-09-28T04:29:42","slug":"iota-miota-up-13-78-despite-sell-off-in-market-heres-why","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/iota-miota-up-13-78-despite-sell-off-in-market-heres-why","title":{"rendered":"IOTA (MIOTA) Up 13.78% Despite Sell-off in Market: Here’s Why!"},"content":{"rendered":"

Although the cryptocurrency market is still performing poorly, the IOTA (MIOTA)<\/a> coin extended its current upward rally and remained strongly bid at the 0.298047 level. IOTA, the native token of the IOTA network, has the best performance among the top 100 cryptocurrencies in market capitalization. So far on Monday, IOTA has gained more than 8% in value.<\/p>\n

The surge continues even though the larger crypto market had a rough start to the week. The market has lost about 2% of its value in the last 24 hours, with the total market value currently hovering around $920 billion. The announcement that IOTA’s technology would safeguard Project ALFRIED, one of Germany’s largest publicly-funded infrastructure projects, could be attributed to IOTA’s upward rally.<\/p>\n

The first traffic pole prototype was shown a few days ago by Sharang Parnekar, an ETO Gruppe Technologies software and hardware developer in charge of the ALFRIED project. The ALFRIED infrastructure project is built on the IOTA protocol. As a result, the IOTA ecosystem benefits significantly. In contrast, the weak crypto market and the strong US dollar were key factors that capped any further gains in IOTA prices.<\/p>\n

Buy IOTA Now<\/span><\/a>\n<\/p>

Your capital is at risk<\/p>\n

The <\/span><\/span>Network’s <\/span><\/span>Development<\/span><\/span><\/h2>\n

As we all know, the value of IOTA has risen by more than 8% on Monday. The rise continues despite a rough start to the week in the larger crypto market. In the previous 24 hours, the market lost nearly 2% of its value, with a total market value of $920 billion now hovering around. However, the announcement that IOTA’s technology would secure Project ALFRIED, one of Germany’s largest publicly-funded infrastructure projects, could be cited as one of the reasons for IOTA’s rise.<\/p>\n

\n

Meet Alfried!
The initiative from @EtoGruppe<\/a>, one of #Germany<\/a>'s largest public-funded roadside infrastructure, that uses #IOTA<\/a> to enable autonomous driving. https:\/\/t.co\/Q2OXuQbjHz<\/a><\/p>\n

— IOTA (@iota) June 23, 2021<\/a><\/p><\/blockquote>\n