Crypto to Buy: IOTA
IOTA is one of the top cryptos to buy this week for two main reasons. Fundamentally, the countdown to the Rebased upgrade is going on. This upgrade, which will be the largest in its history, will take place on Monday, May 5.
The Rebased upgrade will bring several important features to the IOTA network. For investors, there will be a chance to stake the coin and earn between 10% and 15%. Developers will now have a layer-1 network with over 50,000 transactions per second (TPS). Its smart contracts will leverage Move’s technology.
The Rebased upgrade means that IOTA is now set to compete with other popular layer-1 networks, such as Ethereum, Solana, and Polkadot. It will let developers build decentralized applications in industries like DeFi and gaming.
The risk is that IOTA could become another layer-1 chain with superior capabilities but no activity. Some of these ghost chains are Zilliqa and Mina.
IOTA is a top crypto to buy also because it has formed a falling wedge chart pattern on the daily chart. It has even moved above the upper side of this pattern. Therefore, there is a likelihood that the token will have a breakout ahead of the Rebased upgrade.
