IOTA News: It’s yet another sea of red today on the crypto markets. IOTA (MIOTA), ranked as the 8th largest cryptocurrency, is currently down nearly 10%. Why? Likely because of the overall decline that the crypto markets are experiencing. Most major virtual currencies are down.
What happened with IOTA, though? Did the IOTA Foundation announce some IOTA news that didn’t sit well with the market? Let’s see what we can find out.
IOTA (MIOTA) Daily Chart
IOTA (MIOTA) is currently selling for $1.72. This puts the coin down 7.75% in the past twenty-four hours. It’s going to be interesting to see if IOTA (MIOTA) can find a way to surpass the $2.00 mark in the weeks to come.
IOTA Price Throughout the Week
This is not the first time IOTA (MIOTA) has been down this week. In fact, IOTA started the entire week off slow, despite there being numerous pieces of IOTA news floating around the crypto space.
On Monday, May 14, IOTA once again found itself in the red zone. The coin was down 0.68% at one point during the day. That previous Friday (the 11th) IOTA was down as well.
IOTA News | May 18, 2018
Interestingly, there’s some positive IOTA news circulating the masses today. Perhaps if there wasn’t an overall market decline happening, this IOTA news would have caused MIOTA to be in the green.
On Friday, word surfaced that IOTA has entered into a partnership with location sharing service Kontakt.io. The two will be working to allow “tamper-proof readings of smart sensor data.” Both Kontakt.io and IOTA confirmed the news on social media.
For next-generation security, #IoT needs #blockchain. We’re thrilled to announce our partnership with @iotatoken to enable tamper-proof readings of smart sensor data! Learn what this means for condition monitoring in #Healthcare and #SupplyChain https://t.co/r5O5dLSXRC #IOTA #DLT
— kontakt.io (@kontakt_io) May 17, 2018
IOTA News Throughout the Week
It’s been a slow week for MIOTA on the crypto market, but the IOTA Foundation was still pretty vocal, announcing different bits of IOTA news throughout the week. On May 15, IOTA announced that it added Andrea Villa, a computer hacker, to its team. Last week, we also saw another addition to the IOTA Foundation.
— IOTA News (@iotatokennews) May 15, 2018
Further, this month, IOTA revealed the highly anticipated Qubic project. On its website, it now says Qubic is official. There’s an awesome video describing Qubic on IOTA’s website, for those interested.
For now, here are a few cool screengrabs:
IOTA Community Response
The IOTA community is pretty quiet on social media, but here are a few tweets that stuck out this week.
— Dominik Schiener (@DomSchiener) May 18, 2018
@juliemaupin of IOTA Foundation and G20 digital board speaking at #CubeTechFair in Berlin, today. #IOTA is everywhere, every week: it is global. #IoT @sap @iotatoken #tangle #DAG 🌍⭕️🌎 https://t.co/us1rvPdbaC
— riverrun2121 (@riverrun2121) May 15, 2018
The IOTA News Takeaway
What do you think of IOTA? Do you think MIOTA will be able to hit $2.00 this weekend? Next week? Voice your opinion below!
Featured Image: twitter