The Iota protocol is a Distributed Ledger Technology developed by developed by IOTA Foundation. The 13th largest currency by market cap of $885,853,063, with the current value, stands at $0.318706 on 21ST November 2018, 10:25 am IST. The IOT/USD pair observed fluctuating trends since its peak level on 3rd May where it valued $2.6072 as seen from the following analytics.

One can quickly estimate the “uptrend” moment on 3rd May above the moving average thereafter it slashed until the level of $1.3287 brown horizontal line can be observed from the aforesaid chart. While having attained the peak position in May, it slashed till the end of May and rebound its second peak at the level of $1.9905 on 2nd June as seen from the above chart. Thereafter it experienced a downward slope until it reaches today’s lowest value which can be observed through the green horizontal line in the aforesaid graph. The IOT/USD pair is supposedly declined by 79% approx.. from its highest peak on 3rd May to 1st November. Let us not forget that in order to get the long-term position, one will have to analyze all those macro factors that affect the crypto markets negatively. The sudden pressure of selling cryptocurrency by investors and community users is one amongst the valid reasons to create the environment highly volatile. Those have acquired to buy at the cheaper rate and would like to take the long-term position by holding the medium to long-term approach, the currency can be purchased at a much lower rate at present. The price moments below the green horizontal line observed the fluctuating trends till date. The best strategy is to wait for the right time when the north side journey started!!

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