|
Getting your Trinity Audio player ready...
|
IOTA is on a strong upward trajectory, with the token posting gains for ten consecutive days — its longest winning streak since March. As of Monday, IOTA (IOTA) surged to $0.2415, marking an 85% rise from its April lows and reaching its highest price in over two months. The rally is being fueled by growing anticipation for the highly awaited Rebased upgrade, scheduled to go live on May 5.
Rebased Upgrade to Introduce Staking and Smart Contracts
The upcoming Rebased hard fork represents IOTA’s most significant upgrade to date. One of the most anticipated features is the introduction of staking, enabled by IOTA’s shift to a delegated proof-of-stake (DPoS) consensus model. This will allow IOTA holders to earn between 10% and 15% in staking rewards. Over 150 validators — including prominent names such as Ankr, Cosmostation, Nansen, Twinstake, and Hacken — have committed to supporting the network post-upgrade.
Also Read: IOTA Enters DeFi Race with Swirl, Its New Liquid Staking Platform on Testnet
For developers, Rebased will unlock new possibilities with the launch of Move-based smart contracts. These contracts will empower the development of decentralized applications (dApps) in sectors such as gaming, NFTs, and decentralized finance (DeFi). With this move, IOTA aims to rival established platforms like Ethereum, Solana, and Tron. Additionally, part of the transaction fees collected will be burned, making the IOTA token deflationary — a major shift from its previous inflationary design.
🔥 2 dApps already launched on the Rebased testnet!@swirlstake brings liquid staking to #IOTA! Try the Swirl Testnet App here: 👇 https://t.co/yBFhPEGcIS 4/8
— IOTA (@iota) April 28, 2025
Technical Breakout Signals More Upside
IOTA’s price chart reflects growing bullish momentum. The token has broken out of a falling wedge pattern — a classic bullish reversal signal — and surpassed key resistance at $0.2095, the high from March 26. It also moved above the 50-day moving average, reinforcing positive sentiment.
Analysts are now watching the next major resistance at $0.4235, the January 17 swing high — a level that represents a potential 95% gain from the current price. However, a drop below the support level at $0.15 could invalidate this bullish outlook.
With the Rebased upgrade just days away, market participants are closely watching IOTA for what could be a historic turning point in its evolution.
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.
I’m your translator between the financial Old World and the new frontier of crypto. After a career demystifying economics and markets, I enjoy elucidating crypto – from investment risks to earth-shaking potential. Let’s explore!
