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When the weekend comes, it is always difficult to understand the general dynamism of the cryptocurrency market. This weekend is no different, even if some markers are enough suffer downward pressure. Very few offers can withstand this trend, and it would seem that the price of IOTA is under pressure right now.
Intensification of IOTA price pressure
It is not uncommon for major cryptography markets to emit bearish signals over the weekend. To date, most weekends have resulted in minor losses or very minor gains for these markets. Today, the pressure seems to be fully effective, especially now that Bitcoin is plunged into red for no apparent reason. This is generally not good for the top 25 markets, as IOTA clearly illustrates.
In the last few hours, the IOTA price has dropped 1.17% in US dollars and 1.03% compared to Bitcoin. Due to these setbacks, the current price is $ 0.304924, or 7,463 Satoshi. Although these levels are more than respectable, one has to wonder if things will stay more or less close to these values any longer. After all, there is a good chance that the bearish momentum of Bitcoin will further lower MIOTA's price.
While browsing social media, it seems that the community is not too worried about the current price. In fact, the Iota team has confirmed funding without equity and a 12-month program is available for developers IOTA and DLT, courtesy of LEDGER. This company should not be confused with the manufacturers of hardware portfolios because the two companies are separate entities. Another step forward for blockchain and IOTA, which is always a good sign.
Funding of 200,000 euros, without equity, and a 12-month program available for the IOTA and DLT development ecosystem for Human Centric Solutions via LEDGER, a project funded by the European Commission. Learn more: https://t.co/2gZ7DsN9EJ#IOTA #DLT
– IOTA (@iotatoken) March 29, 2019
It also seems that the OnePageX Exchange team makes it easy for consumers and enthusiasts to buy IOTA. Although it is one of the many supported currencies, its trading widget can be integrated into any platform. This can advance the adoption of IOTA globally, baduming this offer is of real interest.
Did you know that the https://t.co/POsLrHOR6o Exchange widget supports IOTA? Give IOTA to your users! https://t.co/PHWt18RMHo #IOTA #IOT #Technology # m2m
– / r / IOTA (@Reddit_IOTA) March 29, 2019
Cryptocurrency traders reluctant to hold IOTA at this time may want to look into arbitrage trading. It would seem that this altcoin offers an interesting option to make money when throwing coins between Binance and Gate. With a potential profit higher than 3.4%, this opportunity will not necessarily remain accessible for very long.
#IOTA
Buy at #Binance and sell to #Door.io. Ratio: 3.46%#bitcoin #arbitration #arbitraj #arbingtool https://t.co/xiFUPzcOcC– Arbing Tool (@ArbingTool) March 30, 2019
Although the general market trend seems rather bleak, it seems unlikely that IOTA and consortia will notice significant losses in the coming days. In other words, baduming that Bitcoin does not enter a crazy spiral down, which still remains a distinct possibility. For the moment, the level of 0.304 USD should remain unchanged vis-à-vis IOTA, even if there will also be some resistance.
Disclaimer: This is not a trading or investment advice. The above article is for entertainment and educational purposes only. Please do your own research before buying or investing in cryptocurrency.
Image (s): Shutterstock.com
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