IOTA (MIOTA) has spearheaded the much-anticipated changes needed in the automobile industry with its new project. The digital token network believes that as vehicles become “digital platforms” digital content and services which surround and inform the automobile will “become more significant than the car in question. Auto-makers have to adapt or they will be in obsolescence.
What Challenges Could Disrupt The Transport?
Dr Claus Schaaf, a former Volkswagen Electronics Lab research director, is fully aware of the technological threat posed by self driving vehicles. Schaaf and Stanford University, designed the 2005 autonomous car “Stanley”, which won the DARPA Grand Challenge that year. He indicates that there are three technologies set to disrupt the auto business namely function on demand, software-over-the-air and autonomous driving. According to him fewer people will acquire vehicles because of these developments hence transportation will be a service model. Schaaf insists that IOTA (MIOTA) will play a significant role in implementing these changes. And that the collaboration will be ideal for the mobility sector.
David Sonstebo, IOTA’s (MIOTA) co-founder called Schaaf’s experience “extraordinary” saying it makes him the individual to act as an advisor to assist the network in achieving their vision.
IOTA (MIOTA) Price Today / USD
How Does The Chart of The MIOTA/USD Pair Look?
According to crypto writer Rakesh Upadhyay, the MIOTA/USD pair have so far sustained the bullish momentum that rallied to the 0.9150 USD level. The pullback from the support zone looks encouraging because it boosts the possibility of a large range forming on the virtual currency. The pair could face major resistance on the 20-day EMA. Once this level is crossed, we should anticipate a rally to the 2 USD level which looks like an attractive trade option. As is the case always, traders need to wait a little longer for prices to close above the downward pattern to avoid sliding into false breakouts. The bullish view may be invalidated should the bears force another downturn on the pair via the 20-day EMA plunging it below the 0.885 USD level.