Recently, the IOTA (MIOTA) Foundation welcomed a new member to its development and research team. The new member of the development and research team of the IOTA (MIOTA) Foundation is Michele Nati – a PhD holder in Computer Science with more than fifteen years of experience in data field and Internet of Things (IoT).
The Official Announcement of the IOTA (MIOTA) Foundation
According to the proannouncement of the Foundation, “Michele Nati has multi-sector exposure, years of experience, and deep technical knowledge in several stages of innovation and research activities. All of these qualities, coupled with his distinctive ability to manage multiple stakeholders, will be of great value for the evolution and adoption of IOTA (MIOTA) protocol.”
IOTA (MIOTA) Price Today – MIOTA / USD
At the time of writing, IOTA (MIOTA) is trading at 70 cents after a decrease of about three percent over the past twenty-four hours. IOTA currently has a market cap of $1.96 billion and its trading volume over the past twenty-four hours is $38.64 million.
IOTA (MIOTA) Technical Analysis
The current trading volume of IOTA (MIOTA) is approximately $39 million, and this is its lowest since the 26th of August. Most of the trading activities of the digital currency take place on Bitfinex, and 44 percent of all its trades are attributed to MIOTA/USDT.
From the technical point of view, the value of IOTA (MIOTA) against the U.S dollar is capped on the upside by the 50 dynamic moving average which is in line with $0.7582, accompanied by an upper line of the previous broad channel at the 79 cent level.
A sustainable upward swing is required to end the range-bound trading and resume the recovery process from the low of August 14 at $0.4037. On the downside, the immediate support of the digital currency is at the 68 cents level, after this level, the next support is at the 65 cents level.