Crypto Market News

IOTA (MIOTA) Price Takes Over as Qubic – Project Q is Finally Revealed

The clear winner as it is turning out to be for today’s crypto-market trading is IOTA against the US Dollar as it climbed to 17.00% increase in the last 24-hours making it to $7.1 bln market capitalization. There could be many factors impacting the excellent performance of the pair and some of them will be mentioned below.

MIOTA Development

Source: coinmarketcap

The $2.66 level has not been met since mid-January when all digital currency tokens were suffering under heavy selling. In our most recent IOTA price related writing, we mentioned that due to successfully clearing the $2.00 level after many attempts, gates could have been opened for further increase in price for its token, which is turning very true and welcomed by its enthusiasts.

In a teaser video, the very famous Project Q that has been circulating around the crypto-community for some time now full of speculations has been revealed as the Project Qubic.

The development and work put in Qubic has been going on for a very long time, and it includes oracles, smart contracts and outsourced computing. Oracle’s data can be grabbed outside of the blockchain and these are then integrated on the blockchain or tangle network. Oracles can be combined with Smart Contracts. For example, smart contracts could access external data through Oracle, and as soon as they meet a certain value, the smart contract triggers an action. More details related to the project will be made public on June 3rd.

IOTA is preparing to be named on a new exchange, COBINHOOD, after the exchange went live on its Twitter page to announce that it will be listing IOTA on its platform. The exchange, on its Medium page, made a broad clarification on the listing. In a statement tagged “Finally, IOTA on COBINHOOD!”, Coinhood said it will be listing IOTA (MIOTA) on its platform for deposit and trade by May 4, 2018.

“Depositing and trading IOTA with BTC, ETH, and USDT trading pairs will be live on May 4th, while withdrawing will be enabled two weeks after listing (this post will be updated with the exact date),” the statement reads.

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