Iota is moving up in the ranks very quickly, doubling in price from a price point of $1.40 yesterday, to it’s current price point of $2.80, and seems like this trend will increase over the short period with its current volume being over $1 Billion. Iota is now in the Top 5 on the coinmarketcap.com site, and appears to be currently climbing at one of the fast rates.

https://coinmarketcap.com/currencies/iota/

One of the reasons why IOTA has gained its rank is because the supply is extremely high…close to 3 Billion Coins, and while relatively cheap, it is a wonder that any coin with such a large supply could achieve a price like that. One of the reasons that this may be so is due to the ability for IOTA to be transferred between devices on the internet of things.

https://iota.org/

IOTA uses a Tangle to process its transactions, which is a second-generation Blockchain.

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