based on materials from the site -
By ETHNews
IOTA is trading at $0.2113, reflecting a daily increase of 6.83%. The market capitalization is $836.29 million, and the daily trading volume is $26.31 million. Over the last month, the IOTA price has risen by 12.21%, but since the beginning of the year, it remains 24.84% below its all-time high.
The recent bullish momentum is supported by a recovery from multi-month lows, and technical indicators suggest a potential continuation toward the range of $0.25–$0.30 as buyer pressure is maintained.
From a technical perspective, IOTA has broken through short-term moving averages and is now forming a potential upward channel, signaling a possibility of an expanding bullish trend. Traders are closely watching for a breakout above $0.22, which could confirm the next upward trend. Analysts at ETHNews suggest that the asset may be finishing a prolonged accumulation phase and is preparing for an Elliott wave rally towards $0.80 in the long term.
The IOTA Ecosystem DLT Foundation, registered in Abu Dhabi, has allocated $10 million for investments in tokenization and trading startups, focusing primarily on the UAE and African markets.
Another significant step is the integration of LayerZero cross-chain interaction technology into ShimmerEVM IOTA, which expands capabilities for transferring value and assets between multiple blockchains. This cross-chain capability positions IOTA as a competitive player in the growing multi-chain DeFi sector. Past strategic milestones, such as the launch of the public testnet Shimmer and the move towards full decentralization through IOTA 2.0 DevNet, continue to support the project's long-term roadmap to eliminate the central coordinator and scale for industrial Internet of Things applications.
In the IOTA blockchain ecosystem, it remains a leader in distributed ledger technology (DLT) based on transaction chains, designed for scalability and seamless microtransactions, making it particularly suitable for Internet of Things (IoT) applications.
The project continues to evolve within European Union-supported blockchain initiatives, recently completing the pre-commercial phase of an EU project aimed at secure data transmission for industrial and public use.
IOTA Foundation developers are also working on expanding smart contract capabilities with the IOTA Smart Contract Protocol (ISCP), which may pave the way for DeFi, tokenization, and cross-chain interaction.
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