IOTA {MIOTA} seeks to rebound; IRI Release v1.8.2, co-founder addresses controversy related to the LIBRA project

By October 13, 2019Altcoins
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Dominik Schiener is IOTA’s co-founder. A few days back, he was interviewed by Hope King and Nora Ali on Cheddar News. Dominik is a pretty interesting fellow, his calm and collected statements prove that he deserves to be at the zenith of such a revolutionary project. Mr. Schiener spoke of how LIBRA is facing a ton of backlash from regulators and policymakers due to the fact that Mark Zuckerberg failed to consult with any key players before the currency was created. So he should re-evaluate his set of principles if he wishes the project to have a successful release.

On the other hand, IOTA has always co-operated with regulators. Considering the fact that the Foundation is based in Germany [a country which houses a massive number of blockchain-enthusiasts], Dominik and Co. have had the opportunity to interact with the politicians and even the EU Commission.

According to Dominik, the “Internet of Things” transforms the concept of automation.

According to the candlestick chart linked to the IOT/USD pair on tradingview, buyers are back in action as of now. The daily RSI [for 14 periods] is at 52.63 and is inclined to head further north. In the aftermath of 9th October, the peaks tied to the Awesome Oscillator had adorned the brown shade, which points to bears impacting the altcoin.

From 11th October onwards, the MACD line began declining beneath the signal line, causing the histogram to switch sides and change color [from green to red]. Initial support can be felt adjacent to the $0.2647 mark, and resistance may play a role if $MIOTA can afford to climb towards $0.2875.

Take a look at this post on Reddit that was published approximately 14 hours ago. It mentions the IRI v1.8.2 release:

IOTA is ranked at #17 ahead of Dash in the market. In the course of the past 24-hours, the price shot up by 0.07% which led to $MIOTA soaring all the way to reach $0.275652 where it currently rests. The trading volume recorded stands at roughly $5.305 million, while the supply will always house 2.779 billion MIOTA coins till the end of time. The total market cap of IOTA amounts to $766.183 million.

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