Oh, darling! It seems IOTA has rebounded with a vengeance, flipping that dreary 200-day moving average on its head, all while transaction counts jumped and developer interest rose like a perfectly crafted soufflé 🍰.
The IOTA token, that sly thing, climbed to a multi-month high of $0.2428, a whopping 73% increase from its June low. And, of course, it’s all coinciding with the broader crypto market rally – because who doesn’t love a good party? 🎉
Data, that terribly dull thing, showed IOTA was the fastest-growing blockchain over the past seven days. Transactions rose a delightful 59% to 209,577, bringing the 30-day transaction count to a respectable 655,000. How’s that for a bit of excitement?
But, sweetie, don’t get too carried away. The number of active addresses did drop 50% in the last seven days to 687. A bit of a wet blanket, if you ask me.
IOTA price, however, remained undeterred, gaining amid signs of growing developer interest following the recent Rebased upgrade. Pools Finance launched on July 11, becoming the first decentralized exchange on the network. And Virtue Money, a new lending and borrowing platform, also launched on the network last week, attracting over $5.5 million in assets. Talk about a debutante ball! 💃
Virtue is live on IOTA.
The first native stablecoin protocol for @IOTA is here.
☑️ Mint vUSD by locking IOTA or stIOTA
☑️Overcollateralized, with unified Stability Pool
☑️ Fixed-rate borrowing, predictable & resilient
☑️ Flash Loans & Flash Mint for advanced strategies
☑️…— Virtue (@Virtue_Money) July 11, 2025
Virtue Money and Pools Finance joined Swirl, the liquid staking app that has attracted over $15.6 million in assets. Swirl’s TVL has jumped more than 53% in the last 30 days. It’s a regular crypto soiree! 🎉
These launches were made possible by the Rebased upgrade, which introduced smart contracts to the network. And, darling, it also enabled staking, with Nansen data showing that the staking reward has risen to 14%. How’s that for a bit of sparkle? ✨
A Spot of Technical Analysis, Old Bean
The daily chart shows that IOTA rebounded after forming a double-bottom pattern at $0.1413, with a neckline at $0.2735. A double bottom, darling, is one of the most bullish patterns in technical analysis. It’s like a perfectly crafted martini – shaken, not stirred, of course! 🍸
IOTA has moved above both the 50-day and 200-day moving averages, while the Average Directional Index indicates a strengthening trend. Oh, this is getting terribly exciting!
Therefore, the token will likely continue advancing as bulls target the neckline at $0.2735. A breakout above that level would point to further gains, potentially toward $0.50. And, darling, wouldn’t that be just marvelous? 😊
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2025-07-14 15:49