Bitcoin
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$67,632.00 -3.66466
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Ethereum
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$3,818.75 -3.07008
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BNB
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$598.09 -2.15566
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$166.57 -2.98493
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$0.5272910 -2.10955
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$0.0000259 -0.00721
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$0.0000160 -4.98022
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$0.0000405 3.58567
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$67,632.00 -3.66466
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Ethereum
Ethereum (ETH)
$3,818.75 -3.07008
Ethereum price
BNB
BNB (BNB)
$598.09 -2.15566
BNB price
Solana
Solana (SOL)
$166.57 -2.98493
Solana price
XRP
XRP (XRP)
$0.5272910 -2.10955
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000259 -0.00721
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000160 -4.98022
Pepe price
Bonk
Bonk (BONK)
$0.0000405 3.58567
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Bitcoin
Bitcoin (BTC)
$67,632.00 -3.66466
Bitcoin price
Ethereum
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$3,818.75 -3.07008
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BNB
BNB (BNB)
$598.09 -2.15566
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Solana
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$166.57 -2.98493
Solana price
XRP
XRP (XRP)
$0.5272910 -2.10955
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000259 -0.00721
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000160 -4.98022
Pepe price
Bonk
Bonk (BONK)
$0.0000405 3.58567
Bonk price
Bitcoin
Bitcoin (BTC)
$67,632.00 -3.66466
Bitcoin price
Ethereum
Ethereum (ETH)
$3,818.75 -3.07008
Ethereum price
BNB
BNB (BNB)
$598.09 -2.15566
BNB price
Solana
Solana (SOL)
$166.57 -2.98493
Solana price
XRP
XRP (XRP)
$0.5272910 -2.10955
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000259 -0.00721
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000160 -4.98022
Pepe price
Bonk
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$0.0000405 3.58567
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SirWin
SirWin
SirWin

IOTA token spikes following public testnet launch

iota-token-price-increase-public-testnet-launch
Edited by
Markets
IOTA token spikes following public testnet launch

The token of the IOTA cryptocurrency project has grown sharply after announcing a new initiative.

Against the backdrop of the general growth dynamics of the crypto market associated with the release of data on the inflation rate in the U.S. and the subsequent growth of Bitcoin (BTC), IOTA also increased in price after the IOTA Foundation announced the launch of the IOTA 2.0 public testnet with a built-in proof-of-consensus mechanism stake.

According to CoinMarketCap data, the coin’s price has skyrocketed following the launch of the public testnet. After a prolonged flatness, IOTA rose in price by 3.8%, increasing to $0.2118. Against the background of the launch of the new initiative, the token’s market capitalization also showed an increase of 4.4%, exceeding $692 million.

IOTA token spikes following public testnet launch - 1
Source: CoinMarketCap

Notably, traders sharply reduced token trading over the last 24 hours. Trading volumes dropped by 2.8%, falling to $12.8 million at the time of writing.

According to the developers, the project aims to create a more secure, scalable, and environmentally friendly network.

“The launch of the IOTA 2.0 public testnet marks an exciting milestone in the evolution of digital ledger technologies, emphasizing ongoing research, development, testing, and feedback.”

IOTA announcement

The main change in the new version is abandoning the coordinator who managed the consensus. IOTA Foundation noted that this marks a transition to a fully decentralized model.

In addition, the consensus mechanism increases the network’s scalability and stability. Users and developers can already test it and form their own opinions.

Last November, IOTA announced the launch of the $100 million distributed ledger technology (DLT) foundation regulated by the Abu Dhabi Global Market, called the IOTA Foundation. The assets will be vested for four years with the main aim of building the IOTA ecosystem.