Tanya Abrosimova
Independent Analyst
- IOTA aims at critical resistance created by daily SMA200.
- IOTA Foundation developed an application for global health management.
IOTA is the 24th largest digital asset with the current market value of $550 million and an average daily trading volume of $15 billion. The coin has gained nearly 3% both since the beginning of the day and in the recent 24 hours. At the time of writing, IOT/USD is changing hands at $0.1997.
IOT/USD: Technical picture
On a daily chart, strong resistance is created by SMA200 at $0.2040. This MA has been limiting the decline since the beginning of May, while the price trade above daily SMA200 at the end of February. A sustainable move above this resistance will create strong bullish momentum and push the price towards $0.2100, the upper line of the daily rising Bollinger Band.
On the downside, significant support is created by a combination of daily SMA50 and SMA100 at $0.1800.
IOT/USD daily chart
IOTA creates decentralized health passport
IOTA Foundation and a law firm Dentons presented a distributed ledger technology-based (DLT) digital health passport called Selv during the Global Legal Hackathon. The purpose of the solution is to return people to their normal life amid the COVID-19 pandemic.
Selv is an application for global health management; however, unlike the majority of the existing apps, it is decentralized, free of charge and accessible to everyone across the world. Also, Selv complies with the European Union’s (EU) General Data Protection Regulation (GDPR).
The official announcement reads:
Lockdowns have slowed the spread of COVID-19 but have had massive economic impacts. Key workers must continue to provide essential services, posing a risk to themselves and others. Cross-border trade and movement have ground to a halt. A solution is needed for governments to verify individuals’ health status on a mass scale. Selv will help governments restart their economies.
Currently, Selv works in demo mode, which includes a mobile app on Android and iOS platforms and a web-interface. Users can store their health credentials and share their health status with authorities, employers, or peers in a secure manner.
Note: All information on this page is subject to change. The use of this website constitutes acceptance of our user agreement. Please read our privacy policy and legal disclaimer. Opinions expressed at FXstreet.com are those of the individual authors and do not necessarily represent the opinion of FXstreet.com or its management. Risk Disclosure: Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.
Recommended Content
Editors’ Picks
MANTA suffers 4% pullback after unlocking tokens worth $40 million
Manta Network (MANTA) unlocked over 8% of its circulating supply on Thursday. The unlocked tokens were airdropped and distributed in public sale, according to data from Tokenunlocks.
XRP struggles to recover as lingering Ripple lawsuit could reach Supreme Court, former SEC litigator says
The SEC vs. Ripple potential showdown at the Supreme Court is likely, says former SEC litigator Ladan Stewart. XRP Ledger calls developers, businesses and investors to build on the blockchain, extending Apex 2024 registration until April 30.
Bitcoin Layer 2 Merlin chain TVL climbs 20%, defying broad market correction
Merlin chain’s TVL added 20% this week, and crossed $800 million on Thursday. Bitcoin Layer 2 assets noted double-digit losses in the past week. Stacks, Elastos, SatoshiVM, BVM are hit by a correction as Bitcoin hovers around $61,000.
If Bitcoin restarts bull run, these altcoins are likely to explode Premium
If Bitcoin’s consolidation ends and the bull run resumes, altcoins are likely going to trigger a massive rally. Last cycle’s hot tokens like SOL, AVAX, WIF, ONDO, etc., could see renewed enthusiasm.
Bitcoin: BTC’s rangebound movement leaves traders confused
Bitcoin (BTC) price has been hovering around the $70,000 psychological level for a few weeks, resulting in a rangebound movement. This development could lead to a massive liquidation on either side before a directional move is established.