During the trading session on Wednesday, IOTA had a sharp price increase, shooting up from $0.172 lows to $0.289 highs in a matter of seconds.
Following IOTA’s announcement that it was the first DLT foundation to be governed by the Abu Dhabi Global Market (ADGM), prices shot up quickly. Over $100 million in IOTA tokens will be seeded into the new IOTA Foundation in order to facilitate and expedite the growth of the IOTA ecosystem.
To accelerate its worldwide development, IOTA announced in September of this year that it will be establishing a new foundation in Abu Dhabi, United Arab Emirates. With this momentous accomplishment, IOTA leads the way in the banking sector’s worldwide and MENA-wide convergence of digital and physical worlds.
Despite this, IOTA’s price increases continued in the early going of Thursday morning; as of this writing, IOTA had increased by 35.25% to $0.238 over the previous day. IOTA was continuing to see a rise in trade volume as well.
IOTA has had a tremendous 11,851% volume jump in the last day, amounting to $833,243,800 worth of trade during that time, according to CoinMarketCap statistics.
In line with the ecosystem’s optimism, IOTA has also been included to a new futures listing on LBANK, a cryptocurrency exchange situated in the British Virgin Islands. LBANK recently revealed that IOTA perpetual contracts with up to 20x leverage are currently active.
Despite this, IOTA’s price increases continued in the early going of Thursday morning; as of this writing, IOTA had increased by 35.25% to $0.238 over the previous day. IOTA was continuing to see a rise in trade volume as well.
IOTA has had a tremendous 11,851% volume jump in the last day, amounting to $833,243,800 worth of trade during that time, according to CoinMarketCap statistics.
In line with the ecosystem’s optimism, IOTA has also been included to a new futures listing on LBANK, a cryptocurrency exchange situated in the British Virgin Islands. LBANK recently revealed that IOTA perpetual contracts with up to 20x leverage are currently active.
