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Author Topic: IOTA, why no pump yet  (Read 342 times)
Little Mouse
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May 12, 2021, 05:06:34 PM
 #1

BTC domination has been down to get 42% and almost all of altcoins are pumping significantly. If you look at the top coins, some of them got new ATH, most of them close to the new ATH but despite IOTA having a good project, what's wrong with IOTA? Why no significant pump? Is it still a good choice to invest in?
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May 12, 2021, 08:33:43 PM
 #2

The issue with IOTA is that the team made many promises and nothing substantial was delivered, no one is using IOTA and the tangle technology that was promised, what we are seeing from most of these new blockchain is that they are delivering something, look at Ethereum, Solana, Avalanch, Binance Chain etc people are actually using the chain unlike what we have with IOTA.

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May 12, 2021, 10:34:01 PM
 #3

1. Too many promises by the team
2. DAG is not a popular transaction system anymore.
3. IOTA full with BS

Those reasons are more than enough to explain why IOTA keep stable along with another stable coin like NANO. DAG coin already become a forgotten mechanism. I think that you can watch it based on the chart.

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May 12, 2021, 10:43:46 PM
 #4


source: https://coinmarketcap.com/currencies/iota/

I felt so bad with IOTA and it is very surprising how it turns like this despite that most of the old coins are pumping but this coin left behind.
How it becomes very unfortunate? I think there is a problem with the developer or this project might have already abandoned.

But anyway, I don't see this coin worth for investment, may the others as well. So, it finds no reason why it has to pump if no one else sees it or the project developers themself don't care about this anymore. This is their responsibility actually, not us. Nothing will happen if they don't take action and make use of the situation to help it pump.

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May 13, 2021, 07:51:17 AM
 #5

Problem with rather old (but good) altcoins is "when hype is dead, there is nothing left to move price back up". There are far more better altcoins than back in 2017. Old altcoins cannot deliver good enough, anymore. Consider litecoin for example, it couldn't stay at top 10 even. It is pretty normal IOTA dropped in cap as well. Coins like Solana, Vechain offer a lot more hype.

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May 13, 2021, 08:33:16 AM
 #6

i also have a same question to EGLD , the project looks preety solid , have almost 70% staked from totaly supply , they also have the next target about created ownself dex exchange , but, the price still same or even getting lower from a few month ago. so , my options , i just sell about half of my bag and try to find the "hot" things , u know like SOL , ZIL , MATIC , FTM . u may also must have to do that , rather than waiting and another competitors have a high chance to give a profit , because for me , in the end , i will back to hold bitcoin , but we totally know this time its altseason . we must fast before bitcoin dominance bounce back .

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May 13, 2021, 11:45:21 AM
 #7

You can expect more drop for IOTA in the future because the hype for it has settled down and investors are moving towards coins that creates more volume. The price selling around $1.80 from ATH of $5+ , that shows some loss of interest there. I would invest in coins like polkadot, BnB .

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May 13, 2021, 04:19:51 PM
 #8

I think IOTA has reached a good price to sell and needs specific signals to execute a buy order. IOTA's technology no longer surprises the community when projects built on DAG or sidechain with DAG are not secure and difficult to develop.
When looking at other projects that have the function of implementing smart contracts with DEFI, NFT applications such as Waves, Qtum or NEO, I see them with high potential because these projects are catching the market trend quite well.
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May 13, 2021, 10:26:38 PM
 #9

The issue with IOTA is that the team made many promises and nothing substantial was delivered, no one is using IOTA and the tangle technology that was promised, what we are seeing from most of these new blockchain is that they are delivering something, look at Ethereum, Solana, Avalanch, Binance Chain etc people are actually using the chain unlike what we have with IOTA.

I never really looked any further into IOTA when I heard that they could shut it down in an instant or that it is actually way more centralized than most people think. Is that the case or has that been improved upon in any way? As you say sometime in the past they also had a partnership with a huge car company if I remember correctly, but didn't deliver anything tangible to their users. Many years went by and it is still more a white paper than a software company making progress on their promises.

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May 13, 2021, 10:35:07 PM
 #10

The issue with IOTA is that the team made many promises and nothing substantial was delivered, no one is using IOTA and the tangle technology that was promised, what we are seeing from most of these new blockchain is that they are delivering something, look at Ethereum, Solana, Avalanch, Binance Chain etc people are actually using the chain unlike what we have with IOTA.

I never really looked any further into IOTA when I heard that they could shut it down in an instant or that it is actually way more centralized than most people think. Is that the case or has that been improved upon in any way? As you say sometime in the past they also had a partnership with a huge car company if I remember correctly, but didn't deliver anything tangible to their users. Many years went by and it is still more a white paper than a software company making progress on their promises.

This pretty much give the reason why they can't pump because they have no solid reason why they will be pumped. How many projects are using their chain? Can you name at least one successful project? I guess, it is hard to drop a name, right? Without active use case, a project is hard to go up. They are lucky that they are still heavily traded in known exchanges like Binance and Bitfinex. They need to give something tangible progress to the public or at least long list of companies that are indeed using their network before we can see them soar high in the market.

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May 14, 2021, 01:17:44 PM
 #11

IOTA still no pumping yet, but i think right after BTC going up again, IOTA will go up too.
Patience is the key, we just need to wait for now for IOTA to go up again.
On the contrary, i think this is the good time for us to buy more IOTA.

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May 14, 2021, 10:07:13 PM
 #12

The issue with IOTA is that the team made many promises and nothing substantial was delivered, no one is using IOTA and the tangle technology that was promised, what we are seeing from most of these new blockchain is that they are delivering something, look at Ethereum, Solana, Avalanch, Binance Chain etc people are actually using the chain unlike what we have with IOTA.

I never really looked any further into IOTA when I heard that they could shut it down in an instant or that it is actually way more centralized than most people think. Is that the case or has that been improved upon in any way? As you say sometime in the past they also had a partnership with a huge car company if I remember correctly, but didn't deliver anything tangible to their users. Many years went by and it is still more a white paper than a software company making progress on their promises.

This pretty much give the reason why they can't pump because they have no solid reason why they will be pumped. How many projects are using their chain? Can you name at least one successful project? I guess, it is hard to drop a name, right? Without active use case, a project is hard to go up. They are lucky that they are still heavily traded in known exchanges like Binance and Bitfinex. They need to give something tangible progress to the public or at least long list of companies that are indeed using their network before we can see them soar high in the market.

IOTA was a really high standard white paper project all the time. One of the best of the white paper only projects. As you said, I can't drop a name and I haven't hard or read anything about them or potential partners in a very long while. Even though they have nothing going for them as it seems, they are still quite high up in the ranking with their market capitalization.

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nrvasquez
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May 14, 2021, 11:47:03 PM
 #13

IOTA still no pumping yet, but i think right after BTC going up again, IOTA will go up too.
Patience is the key, we just need to wait for now for IOTA to go up again.
On the contrary, i think this is the good time for us to buy more IOTA.
to be fair, bitcoin is fundamental. so every rise or fall will definitely affect other cryptos. The important thing is, I don't hear any major updates from iota at this time. maybe they are working on something? I don't know either, let's see what they will do. if they can make a good update, of course the price will go up
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May 15, 2021, 02:05:40 AM
 #14

People are still prefer NANO over IOTA. NANO is a better bet on DAG coin rather than IOTA. The chrysalis upgrade didn't bring good impact to the price of IOTA but this time it's still trading at the good price which is around $2 at this moment.
The migration already happened and i hope that there will be something big like the integration with defi.

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May 15, 2021, 12:41:25 PM
 #15

I am very sorry for the current state of the crypto currency market. Studies with real projects like IOTA do not see the value they deserve. Besides, litter dog coins are pumped too much. Maybe a bear market is needed, and then projects like IOTA might attract attention  Embarrassed

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May 15, 2021, 03:38:35 PM
 #16

Maybe because IOTA was NOT the first coin of its type of blockchain (DAG)? At least from what I recall, it was a dagcoin but hard to keep track of all the developments and switch of protocol/consensus algorithm nowadays.

Iota was pretty cool for the time, maybe these alt alt altcoins will have a day in the far future?



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May 15, 2021, 04:34:01 PM
 #17

Domain BTC.D is falling well and that is the advantage of altcoins. Money flows move from crypto to crypto during altcoins season. So be patient and hold your IOTA as it may one day increase in value quickly. The crypto market is currently moving unpredictably as the old cryptocurrencies, the top cryptos have grown rapidly.

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May 15, 2021, 11:14:41 PM
 #18

People are still prefer NANO over IOTA. NANO is a better bet on DAG coin rather than IOTA. The chrysalis upgrade didn't bring good impact to the price of IOTA but this time it's still trading at the good price which is around $2 at this moment.
The migration already happened and i hope that there will be something big like the integration with defi.

Is NANO a NANO a direct competitor of IOTA or what is the difference between them?

I am still surprised IOTA is standing strong among the top of Coinmarketcap. They aren't top 10 or so, but still it is difficult to even stay where they are in times when any project can get to $10 billion.

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May 16, 2021, 01:28:36 AM
 #19

I am very sorry for the current state of the crypto currency market. Studies with real projects like IOTA do not see the value they deserve. Besides, litter dog coins are pumped too much. Maybe a bear market is needed, and then projects like IOTA might attract attention  Embarrassed
Idk what the hell you need to say sorry, it's not even your fault so you don't need to sorry to anyone. IOTA pump or not, it's only just because their project isn't attracted yet. If anyone bought IOTA when it crashed after 2018, you should be earn much profitable even though the price isn't pump like crazy just like SHIBA or DOGE

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magneto
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May 16, 2021, 01:48:00 AM
 #20

BTC domination has been down to get 42% and almost all of altcoins are pumping significantly. If you look at the top coins, some of them got new ATH, most of them close to the new ATH but despite IOTA having a good project, what's wrong with IOTA? Why no significant pump? Is it still a good choice to invest in?

I actually think that IOTA has a good vision and a good product.

Targeting IOT and having no transaction fees are definitely great upsides to their token. However, their marketing is almost nonexistent and they simply do not have a robust PR team at all.

Also, I think that the numerous bugs that they had in their earlier clients also meant that their reputation is slightly tainted. People saw disappearing balances and unstable networking, and that was obviously not a great look on their part.

It's a great idea with terrible execution, and it's just so hard to hype up when people don't even hear from you for half a year or two.

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