American Invest Hub
  • Politics
  • Investing
  • Business
  • Latest News

American Invest Hub

  • Politics
  • Investing
  • Business
  • Latest News
Investing

IOTA price crashed after Rebased upgrade: will it rebound?

by admin July 5, 2025
July 5, 2025
IOTA price crashed after Rebased upgrade: will it rebound?

IOTA price has remained in a tight range at a crucial support level in the past few days. It was trading at $0.1600 on Friday, a few points above the year-to-date low of $0.1400. It has plunged by over 40% from its highest level in March this year. 

Why IOTA price crashed after Rebased Upgrade

IOTA token has been in a strong downtrend in the past few weeks, mirroring the performance of most altcoins. This crypto crash explains why it has dropped in the past few months.

The token has also plunged after the developers launched the Rebased upgrade, which was touted as a game-changer for the network. 

Rebased changed the IOTA network significantly, aligning it with other popular chains like Ethereum, Solana, and Sui. It did that by introducing Move and EVM-based smart contracts, making it possible for developers to build decentralized applications (dApps).

Rebased also made IOTA highly decentralized by incorporating the delegated proof-of-stake features. This, in turn, has enabled users to generate a monthly return by just holding the token. 

Introducing staking in IOTA was a significant development because holders can now earn approximately 13% in annual returns, which is significantly higher than what US bonds and the most popular dividend ETFs offer. 

Data show that IOTA’s staking yield is significantly higher than that of other popular cryptocurrencies, such as Solana and Ethereum. IOTA has a staking market capitalization of over $338 million, giving it a staking ratio of 45%. 

IOTA also introduced the Mysticeti consensus algorithm, which introduced over 50,000 transactions per second (TPS). Additionally, the network implemented a deflationary mechanism that regularly burns tokens. 

IOTA price has crashed because it is yet to gain traction among developers. Data shows that IOTA has just 1 protocol, which has a total value locked (TVL) of over $10.1 million. IOTA EVM has 9 dApps with just $8.6 million in assets. 

These numbers make it much smaller than recently launched chains like Unichain and Sonic, which have attracted millions in assets and stablecoin supply.

On-chain data also shows that it only has 375,000 addresses, with the daily ones being at 457. 

IOTA price technical analysis

IOTA price chart | Source: TradingView

The daily chart shows that the IOTA token price has been under pressure in the past few months. It has crashed from a high of $0.6362 in December to the current $0.1600. 

IOTA has plunged below the 50-day and 100-day Exponential Moving Averages (EMA), a sign that bears are in control. It also moved below the 78.6% Fibonacci Retracement level at $0.2185. 

On the positive side, IOTA has formed a large double-bottom pattern at $0.1400 and a neckline at $0.2750. A double bottom is one of the most common bullish reversal patterns. 

Therefore, the token will likely bounce back in the next few days, with the next target being at $0.2750, up by 70% from the current level. A move above that level will point to more upside, potentially to $0.3700, the 50% retracement level.

A drop below the support level at $0.140 will invalidate the bullish IOTA price forecast, and point to more downside, potentially to $0.10.

The post IOTA price crashed after Rebased upgrade: will it rebound? appeared first on Invezz

0
FacebookTwitterGoogle +Pinterest
previous post
Dow Futures tumble 300 points amid renewed trade war fears
next post
EUR/USD forecast: signal ahead of the FOMC minutes

Related Posts

Is the 82% yielding NVDY ETF a good...

August 27, 2025

Apollo Global vs KKR: Which is the better...

October 12, 2024

FREEGOLD VENTURES LIMITED ANNOUNCES $5 MILLION BEST EFFORTS...

March 8, 2024

Altech Batteries LtdEntitlement Offer and Share Placement

August 7, 2024

Trudeau Earmarks C$2.4 Billion for Canadian AI Innovation...

April 10, 2024

Nickel Price Update: Q1 2024 in Review

April 13, 2024

BPH Energy Ltd Raises $1 Million to Accelerate...

May 13, 2024

As the Oracle stock price surges, will Larry...

July 26, 2025

Crypto market today: Here’s why CAKE, HYPE, UNI...

March 20, 2025

USD/IDR: Here’s why the Indonesian rupiah is falling

March 26, 2025

    Stay updated with the latest news, exclusive offers, and special promotions. Sign up now and be the first to know! As a member, you'll receive curated content, insider tips, and invitations to exclusive events. Don't miss out on being part of something special.


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Latest News

    • Europe bulletin: Manchester synagogue attack aftermath, stocks close higher

      October 5, 2025
    • Evening digest: Trump sets deadline for Hamas, Canada’s slowdown, BTC rebounds

      October 5, 2025
    • Iran executes six people for alleged links to Israel, state media reports

      October 5, 2025
    • US digest: Trump’s Hamas ultimatum, government shutdown stalemate continues

      October 5, 2025
    • Japanese stocks may extend record run as Takaichi win revives ‘Abenomics’

      October 5, 2025

    Categories

    • Business (4,191)
    • Investing (2,958)
    • Latest News (2,080)
    • Politics (1,536)
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: americaninvesthub.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 americaninvesthub.com | All Rights Reserved