The IOTA (MIOTA) project looks troubled againand this time, the price is likely set for a free fall, going down to its previous low levels. After rising wild in December and January, MIOTA swung to fall and now trades at the same level as in August 2017. In the past week, the asset speeded up its decline, losing more than 34% to reach $0.60, which coincides with the price levels around August 10, 2017.
The MIOTA market price is relatively unrelated to the price of Bitcoin (BTC), as the most active pairs are traded against the Tether (USDT) on Bitfinex and Binance. This also meant that the speculative drop in MIOTA prices was much deeper than the latest losses in BTC positions, and MIOTA slid more than other altcoins.
MIOTA’s significant decline cam...This article appeared first on Cryptovest