- The chat app has been developed using tangible proof-of-concept.
- IOTA has tested the resistance at $0.38 several times since the drop during the Christmas period.
The IOTA Foundation Omega Team is said to be working on Iota Controlled agenT (Ict). However, the working of Ict is rather complicated forcing the owners of CHAT.ixi to develop a chat application on the platform. The chat app has been developed using tangible proof-of-concept and is used to display IOTA eXtension Intetface (IXI) abilities. The blog post published by IOTA states that:
“On the surface, CHAT.ixi is really no more than just another chat application. But there’s more! Things get more interesting once you look deeper into the tech surrounding it. CHAT.ixi runs on the Iota Controlled agenT (Ict) network. Ict is a lightweight IOTA node designed for the Internet-of-Things.”
In addition to that:
“While large companies capitalize on the middleman role within our communication, we are forced to put more and more trust into third parties and become increasingly dependent on them. The Tangle on the other hand is free to use. There are no ads in CHAT.ixi. And no data is collected except for the messages you send on purpose.”
The messages within the Tangle protocol are beyond mutation and therefore it is very difficult to alter.
IOTA price overview
IOTA is currently trading at $0.37 after correcting higher from the recent lows slightly below $0.32. The crypto is among the few dancing in the green amid market retracement at the beginning of the year. IOTA has tested the resistance at $0.38 several times since the drop during the Christmas period. A break above this level is likely to open up the road for higher corrections above $0.4. Meanwhile, the price is trading above the trendline support and the moving averages on the hourly timeframe chart.
There is an ongoing bear correction from the intraday high, although a weak support is observed at 0.37. Indicators same chart are sending negative signals to show that the bears are still gaining ground against the bulls. IOTA is poised for a downside correction in the short-term but if the piece keeps above the trendline, we can expect the price to retest even break $0.38 level.
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