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After a period of consolidation, IOTA is showing bullish momentum as the network inches closer to its highly anticipated Rebased upgrade. Currently trading at $0.1651, IOTA is down 35% from $0.223 this time last year and well below its December 2024 peak of $0.493. However, market sentiment is turning optimistic as technical indicators and upcoming network changes signal potential upside.
The Rebased upgrade, approved by the community via governance vote in December 2024, promises to transform IOTA into a more decentralized and accessible layer-1 blockchain. While an exact launch date hasn’t been confirmed, developers hinted at a possible rollout this month.
One of the major highlights of the upgrade is the introduction of staking with annual yields as high as 15% — significantly higher than what Ethereum or Solana currently offer. This move is set to make IOTA more attractive to long-term investors and delegators alike.
The upgrade will also implement delegated Proof-of-Stake (dPoS) and eventually transition to the Mysticeti Consensus. If successful, this could catapult IOTA’s transaction capacity to over 50,000 transactions per second (TPS), placing it among the fastest blockchain networks, ahead of Solana (3,000 TPS) and Ethereum (50 TPS).
Adding to the bullish case, IOTA plans to introduce a token-burning mechanism, potentially reducing the circulating supply and increasing scarcity — a tactic known to drive token value.
Technically, IOTA’s 24-hour chart reveals a falling wedge pattern, often seen as a bullish reversal signal. The RSI has climbed to 46.32, rebounding from oversold levels, while the MACD indicator has shown a bullish crossover.
CoinMarketCap reports a 74.13% spike in IOTA’s trading volume over the past 24 hours, reaching $29.17 million. Meanwhile, 83% of the community remains bullish on the token’s outlook, underscoring growing investor confidence.
With strong fundamentals, technical indicators, and community support aligning, IOTA may be gearing up for a significant rally this month.
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.
Also Read: IOTA Signals Bullish Breakout Ahead of Rebased Launch—Is $0.4175 the Next Target?
I’m a crypto enthusiast with a background in finance. I’m fascinated by the potential of crypto to disrupt traditional financial systems. I’m always on the lookout for new and innovative projects in the space. I believe that crypto has the potential to create a more equitable and inclusive financial system.
