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IOTA, Buyers Territory on 4h Chart

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BITFINEX:IOTUSD   IOTA
IOTA is still in buyers territory on 4h chart. We expect the continuation in up trend but most digital currencies tend to follow the trend of Bitcoin – the biggest player, to the point that the value of Ethereum and other digital currencies are greatly influenced by the losses and gains of Bitcoin (BTC) in the market. . Sentiment can change really quick so we need to be prepared and have strict money management.

IOTA (MIOTA) is an ambitious digital currency project with a lot of potentials. Unlike other digital currencies, IOTA doesn’t use the blockchain design, rather it stores data of transactions in a blockless distributed ledger. This technology helps the digital currency to eliminate costs of transactions and reduce processing time.

The value of the digital currency saw a significant growth at the end of last year, and it’s set to be one of the best performers this year in the digital currency market.
Kommentera:
IOTA is ranging, it could not break the buyers territory so the move up is more favorable but we will see because everything depends on Bitcoin.
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