IOTA (MIOTA), Ethereum (ETH), and Nano grow today as we dig deeper into Qubic, regulations, and competitions.
IOTA (MIOTA) is currently selling at $2.58, which puts the coin up 20.69% in the past 24 hours.
IOTA is killing it today. What’s causing this coin to grow so much? It probably comes down to several moves.
Yesterday, IOTA announced that it would be joining the MOBI Alliance, a new mobility industry consortium aimed at developing Distribute Ledger Technology standards, pilot projects, and open source software tools. This may, in part, be contributing to IOTA’s current growth.
Perhaps even more compelling is IOTA’s new listings. IOTA was recently listed on crypto exchange Huobi. Plus, IOTA’s listing on COBINHOOD is set to go live tomorrow. Although when first announced, the COBINHOOD impending listing didn’t help IOTA’s price at all – now it may be a different story.
Finally, and perhaps the most intriguing of them all, today IOTA unveiled Qubic. More details on the project will be coming on June 3rd. Until then, all we have to go on is that Qubic has been in the works over at the IOTA Foundation since 2012 and will involve smart contracts, oracles, and outsourced computing. Qubic, backed by IOTA, will be a springboard for future projects to come.
Ethereum (ETH) is currently selling at $753.75, which puts the coin up 10.81% in the past 24 hours.
Only days ago Ethereum price was dropping as concerns grew over potential regulations targeting the coin. The meeting between the SEC and CFTC has yet to happen (it’s set for Monday), but Ethereum has bounded back in the meantime, increasing approximately 15% since Tuesday.
So have the concerns dissipated, only to return later in the week as the meeting approaches? Or is Ethereum confidence outweighing regulatory concerns?
Some traders are confident in the coin and they’re not afraid to show it. One of the Reddit co-founders, Alexis Ohanian, predicted that the price of ETH will reach $15,000 in 2018. That’s a far cry from its current $753, but crazier things have happened. Ohanian backs up his claim by stating that “people are actually building on it.” So is that enough?
Do you agree with Ohanian’s prediction?
Nano is currently selling at $9.82, which puts the coin up 19.00% in the past 24 hours.
Nano has fallen somewhat to the wayside in recent months following problems with wallets, exchanges, and overall loss of investor interest, but Binance just announced something that may put Nano back in the spotlight – at least, momentarily.
— Binance (@binance) May 3, 2018
That’s right, Binance is holding yet another crypto competition, this time with Nano. The competition will be held tomorrow, May 4th. Binance competitions are to encourage trading of a particular coin. Participants are ranked based on their total NANO trading volume, which includes buying and selling – which means that, as a result, NANO’s price could go down just as easily as it could go up.
Keep an eye on Nano tomorrow to see whether the competition will move NANO up or down.
Featured image: snicky2290 via Pixabay