{"id":939,"date":"2021-05-04T05:00:00","date_gmt":"2021-05-04T09:00:00","guid":{"rendered":"https:\/\/www.hodlin.com\/blog\/?p=939"},"modified":"2021-05-04T00:19:24","modified_gmt":"2021-05-04T04:19:24","slug":"iota-price-analysis-may-4th-buyers-target","status":"publish","type":"post","link":"https:\/\/www.hodlin.com\/blog\/iota-price-analysis-may-4th-buyers-target","title":{"rendered":"IOTA Price Analysis: IOTA Adds 24% as Buyers Target $4"},"content":{"rendered":"\n<figure class=\"wp-block-image size-medium\"><img decoding=\"async\" width=\"780\" height=\"439\" src=\"https:\/\/cdn.hodlin.com\/blog\/wp-content\/uploads\/2021\/05\/iota-price-analysis-buyers-target-four-usd-780x439.jpg\" alt=\"Iota Price Analysis Buyers Target Four Usd\" class=\"wp-image-947\" title=\"\" srcset=\"https:\/\/cdn.hodlin.com\/blog\/wp-content\/uploads\/2021\/05\/iota-price-analysis-buyers-target-four-usd-780x439.jpg 780w, https:\/\/cdn.hodlin.com\/blog\/wp-content\/uploads\/2021\/05\/iota-price-analysis-buyers-target-four-usd-1200x675.jpg 1200w, https:\/\/cdn.hodlin.com\/blog\/wp-content\/uploads\/2021\/05\/iota-price-analysis-buyers-target-four-usd-768x432.jpg 768w, https:\/\/cdn.hodlin.com\/blog\/wp-content\/uploads\/2021\/05\/iota-price-analysis-buyers-target-four-usd-1536x864.jpg 1536w, https:\/\/cdn.hodlin.com\/blog\/wp-content\/uploads\/2021\/05\/iota-price-analysis-buyers-target-four-usd-2048x1152.jpg 2048w\" sizes=\"(max-width: 780px) 100vw, 780px\" \/><figcaption>Iota Price Analysis Buyers Target<\/figcaption><\/figure>\n\n\n\n<h3 class=\"wp-block-heading\">In Brief<\/h3>\n\n\n\n<ul class=\"wp-block-list\"><li>IOTA add a 24% gain to its price over the past week<\/li><li>The IOTA price is among the top performers in the last week of trading. <\/li><li><mark>IOTA price analysis<\/mark>&nbsp;shows the buyers are now targeting $4 USD.&nbsp;<\/li><\/ul>\n\n\n\n<p>Trading over $2.10, the coin is up double digits and, in the process, attracting demand from investors, network users, and speculators.<\/p>\n\n\n\n<p>As of May 4, a direct relation has emerged in the last few days trailing the coin&#8217;s exemplary performance, its organic search, and participation levels.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">IOTA Market Overview<\/h2>\n\n\n\n<p>The <a href=\"\/coins\/iota\" class=\"rank-math-link\">IOTA price<\/a> is trading at $2.1, adding 24 percent week-to-date and posting green versus the USD and BTC.<\/p>\n\n\n\n<p>However, it is trailing versus ETH that&#8217;s charting new highs above $3.1k after gains last week.<\/p>\n\n\n\n<p>Overly, candlestick performance favors IOTA bulls. From the daily chart, the IOTA\/USDT price is trading within a bullish breakout pattern.<\/p>\n\n\n\n<p>After cooling-off in mid-April, the bounce from the previous resistance-turned-support in the tail-end of the month confirmed a retest. It may be the foundation of possible buy trend continuation that may go on for the better part of May and even Q2 2021.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">IOTA Market Movers<\/h2>\n\n\n\n<p>IOTA is a blockless Distributed Ledger Technology (DLT) angling to serve and spearhead innovation around machine learning.<\/p>\n\n\n\n<p>The problem with IOTA&#8211;especially from early last year, was centralization concerns.<\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio\"><div class=\"wp-block-embed__wrapper\">\n<iframe loading=\"lazy\" title=\"Coordicide - The next step in IOTA\u2019s Evolution\" width=\"500\" height=\"281\" src=\"https:\/\/www.youtube.com\/embed\/guNNqEeu6gY?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe>\n<\/div><\/figure>\n\n\n\n<p>Through the Coordinator, the IOTA Foundation was on top of proceedings. The network was breached, causing the Coordinator and the platform to be frozen for over four weeks.<\/p>\n\n\n\n<p>As a result, there has been concerted development to switch off the Coordinator and usher in IOTA 2.0 that&#8217;s completely decentralized, scalable, and cheap. These are some of the distinctive properties that make IOTA unique.<\/p>\n\n\n\n<p>Unlike <a href=\"\/coins\/bitcoin\" class=\"rank-math-link\">Bitcoin<\/a>, IOTA uses the Proof-of-Work consensus algorithm but is infinitely scalable and energy-efficient.<\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\"><p lang=\"en\" dir=\"ltr\">The energy consumption for a non-value message in the new <a href=\"https:\/\/twitter.com\/hashtag\/Chrysalis?src=hash&amp;ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener noreferrer nofollow\">#Chrysalis<\/a> <a href=\"https:\/\/twitter.com\/hashtag\/IOTA?src=hash&amp;ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener noreferrer nofollow\">#IOTA<\/a> network is extremely low. <br>For each message, low-powered devices consume just $0.00001515 worth of energy. <br>Of course, you still have to factor in the transaction fee of $0 per message \ud83d\ude09. <a href=\"https:\/\/t.co\/z127kPSpyS\" target=\"_blank\" rel=\"noopener noreferrer nofollow\">pic.twitter.com\/z127kPSpyS<\/a><\/p>&mdash; IOTA (@iota) <a href=\"https:\/\/twitter.com\/iota\/status\/1387797268732993536?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener noreferrer nofollow\">April 29, 2021<\/a><\/blockquote><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>\n<\/div><\/figure>\n\n\n\n<p>The design of its &#8220;proof&#8221; also makes the network scale directly demand, a divergence from, for instance, <a href=\"\/coins\/ethereum\" class=\"rank-math-link\">Ethereum<\/a> that&#8217;s periodically bogged by congestion and high Gas fees.<\/p>\n\n\n\n<p>Towards IOTA 2.0, Chrysalis is the intermittent step before &#8220;Honey&#8221; and official activation.<\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\"><p lang=\"en\" dir=\"ltr\"><a href=\"https:\/\/twitter.com\/hashtag\/ANewDawn?src=hash&amp;ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener noreferrer nofollow\">#ANewDawn<\/a> &#8211; Our new <a href=\"https:\/\/twitter.com\/hashtag\/Chrysalis?src=hash&amp;ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener noreferrer nofollow\">#Chrysalis<\/a> network is Live! <a href=\"https:\/\/twitter.com\/hashtag\/IOTA?src=hash&amp;ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener noreferrer nofollow\">#IOTA<\/a> entered a new phase on its way to the <a href=\"https:\/\/twitter.com\/hashtag\/MachineEconomy?src=hash&amp;ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener noreferrer nofollow\">#MachineEconomy<\/a>. <br>Faster. <br>Higher efficiency. <br>Higher security.<br>And ready to be used by everyone interested in a green, scalable, and innovative <a href=\"https:\/\/twitter.com\/hashtag\/protocol?src=hash&amp;ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener noreferrer nofollow\">#protocol<\/a>.<a href=\"https:\/\/t.co\/DLYXxKM0Gw\" target=\"_blank\" rel=\"noopener noreferrer nofollow\">https:\/\/t.co\/DLYXxKM0Gw<\/a> <a href=\"https:\/\/t.co\/brCSc2AWv4\" target=\"_blank\" rel=\"noopener noreferrer nofollow\">pic.twitter.com\/brCSc2AWv4<\/a><\/p>&mdash; IOTA (@iota) <a href=\"https:\/\/twitter.com\/iota\/status\/1387515053428051969?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener noreferrer nofollow\">April 28, 2021<\/a><\/blockquote><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>\n<\/div><\/figure>\n\n\n\n<p>Last week, Chrysalis went live, preparing for enterprise-grade adoption as it tagged along with several features.<\/p>\n\n\n\n<p>Developers describe this launch as a &#8220;new dawn&#8221; and steps towards a machine economy. Of note, the network is now &#8220;lighter&#8221; following the reduction of transaction size by 92 percent:<\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\"><p lang=\"en\" dir=\"ltr\">Let\u2019s talk about improvements:<br>The size of a simple transaction in the new <a href=\"https:\/\/twitter.com\/hashtag\/IOTA?src=hash&amp;ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener noreferrer nofollow\">#IOTA<\/a> network has been reduced from 3500 bytes to only 275 &#8211; that\u2019s a 92% reduction! So transactions are processed faster using less energy. <a href=\"https:\/\/t.co\/pV5KbqkOC7\" target=\"_blank\" rel=\"noopener noreferrer nofollow\">pic.twitter.com\/pV5KbqkOC7<\/a><\/p>&mdash; IOTA (@iota) <a href=\"https:\/\/twitter.com\/iota\/status\/1388135019240165381?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener noreferrer nofollow\">April 30, 2021<\/a><\/blockquote><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>\n<\/div><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\">IOTA Price Analysis<\/h2>\n\n\n\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" width=\"1200\" height=\"675\" src=\"https:\/\/cdn.hodlin.com\/blog\/wp-content\/uploads\/2021\/05\/iota-price-analysis-daily-chart-for-may-3-1200x675.png\" alt=\"Iota Price Analysis Daily Chart For May 3\" class=\"wp-image-940\" title=\"\" srcset=\"https:\/\/cdn.hodlin.com\/blog\/wp-content\/uploads\/2021\/05\/iota-price-analysis-daily-chart-for-may-3-1200x675.png 1200w, https:\/\/cdn.hodlin.com\/blog\/wp-content\/uploads\/2021\/05\/iota-price-analysis-daily-chart-for-may-3-780x439.png 780w, https:\/\/cdn.hodlin.com\/blog\/wp-content\/uploads\/2021\/05\/iota-price-analysis-daily-chart-for-may-3-768x432.png 768w, https:\/\/cdn.hodlin.com\/blog\/wp-content\/uploads\/2021\/05\/iota-price-analysis-daily-chart-for-may-3.png 1366w\" sizes=\"(max-width: 1200px) 100vw, 1200px\" \/><figcaption>Iota Price Analysis Daily Chart For May 4 via <a class=\"rank-math-link\" href=\"https:\/\/www.tradingview.com\/symbols\/IOTAUSDT\/?exchange=BINANCE\" target=\"_blank\" rel=\"noopener noreferrer nofollow\">TradingView<\/a><\/figcaption><\/figure>\n\n\n\n<p>The IOTA price is trading within a bullish breakout pattern as aforementioned.<\/p>\n\n\n\n<p>After early gains of April, the IOTA\/USDT recoiled, falling back to Q1 2021 highs and rebounding in a retest. Presently, the IOTA\/USDT price ranges between $1.6 and $2.5 &#8211; the 1.618 Fibonacci extension level of the Q1 2021 trade zone.<\/p>\n\n\n\n<p>Technically, the consolidation after the confirmation of the 3-bar bullish reversal pattern between April 24 and 26 may provide an opportunity for aggressive traders to buy the dips aiming for April 2021 highs of $2.5.<\/p>\n\n\n\n<p>On the other hand, risk-averse traders can wait for a comprehensive breach of $2.5 &#8211; April 2021 highs, as they target $4 &#8211; the 2.618 Fibonacci extension level.<\/p>\n\n\n\n<p>Leaning on caution, more profound losses below $1.6, unwinding the three-bar bullish reversal pattern April 24 and 26 invalidates the uptrend.<\/p>\n\n\n\n<p class=\"small\"><strong>Disclaimer:<\/strong> <em>Opinions expressed are not investment advice. Do your research<\/em>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>In Brief IOTA add a 24% gain to its price over the past week The IOTA price is among the top performers in the last week of trading. IOTA price analysis&nbsp;shows the buyers are now targeting $4 USD.&nbsp; Trading over $2.10, the coin is up double digits and, in the&#8230; <a class=\"more-link\" href=\"https:\/\/www.hodlin.com\/blog\/iota-price-analysis-may-4th-buyers-target\">Read More<\/a><\/p>\n","protected":false},"author":2,"featured_media":947,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[10],"tags":[89,88],"class_list":["post-939","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-analysis","tag-iota","tag-iota-price"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.hodlin.com\/blog\/wp-json\/wp\/v2\/posts\/939","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.hodlin.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.hodlin.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.hodlin.com\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.hodlin.com\/blog\/wp-json\/wp\/v2\/comments?post=939"}],"version-history":[{"count":5,"href":"https:\/\/www.hodlin.com\/blog\/wp-json\/wp\/v2\/posts\/939\/revisions"}],"predecessor-version":[{"id":952,"href":"https:\/\/www.hodlin.com\/blog\/wp-json\/wp\/v2\/posts\/939\/revisions\/952"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.hodlin.com\/blog\/wp-json\/wp\/v2\/media\/947"}],"wp:attachment":[{"href":"https:\/\/www.hodlin.com\/blog\/wp-json\/wp\/v2\/media?parent=939"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.hodlin.com\/blog\/wp-json\/wp\/v2\/categories?post=939"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.hodlin.com\/blog\/wp-json\/wp\/v2\/tags?post=939"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}