{"id":380159,"date":"2019-04-29T18:00:29","date_gmt":"2019-04-29T18:00:29","guid":{"rendered":"https:\/\/wncen.com\/?p=380159"},"modified":"2024-06-11T21:14:32","modified_gmt":"2024-06-11T21:14:32","slug":"after-jaguar-iota-adds-14-6-percent-as-participation-expands-4-5x","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/after-jaguar-iota-adds-14-6-percent-as-participation-expands-4-5x\/","title":{"rendered":"After Jaguar, IOTA Adds 14.6 Percent as Participation Expands 4.5X"},"content":{"rendered":"
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IOTA prices surge 14.6 percent<\/em><\/li>\n
Partnership with Jaguar means rewarding drivers in IOTA, boosting adoption<\/em><\/li>\n<\/ul>\n
Jaguar announcement did stimulate IOTA bulls. At spot rates, IOTA is up 14.6 percent complete with high volumes, three times the average. Even so, IOTA is technically bullish after late Dec 2018 events thrusting prices above a seven-month resistance trend line.<\/em><\/p>\n
IOTA Price Analysis<\/h2>\n
Fundamentals<\/h3>\n
There is a re-awakening and leading the charts is IOTA, a coin whose founders say will power the world of IoT. However, it has not been like this. Before this announcement, the currency was a bottom feeder, low in volatility and retesting Q1 2019 lows.<\/p>\n
Affirming this lack of activity and missing investor confidence is low Sentscore as relayed by Predicoin. At 4.1, the coin has been propelled to the limelight thanks to increasing social media searches and a spike a deluge of Jaguar triggered IOTA related news pieces.<\/p>\n
As investor confidence increase thanks to the expansion of prices in the last 36 hours, we should take note that the direct correlation between price and sentiment would likely lift the asset prices in the next few days.<\/p>\n
That is despite lagging technical indicators printing a value of 2.5 at the time of press revealing that momentum indicators are signal bulls. With the new partnership, drivers willing to share their data will receive IOTA rewards.<\/p>\n