IOTA price analysis: IOT/USD goes ballistic, moving above $0.7100 as IOTA team release PoWaaS client

  • IOTA jumped another 16% and broke above $0.7100 handle.
  • New  PoWaaS client release supports bullish sentiments.

IOTA is changing hands at $0.7164 at the time of writing. IOTA is the best performing coin of the week with over 16% gains on a daily basis and +4% since the beginning of Tuesday. IOTA's market capitalization is registered at $1.9B, and the average daily trading volume is doubled from yesterday to $92M.

IOTA developers team released a new  PoWaaS (PoW-as-a-service) client for fast and easy transactions within IOTA network.

"We are proud to announce the first #IOTA #PoWaaS (PoW-as-a-service) powered by the amazing #pidiver," the team wrote on Twitter.

The solution is designed to work with wallets and applications. Apart from that, it can be paired with a hardware accelerator for mining devices of low computing power.

"Don't overheat your CPU/GPU by doing IOTA PoW locally, instead use our solution to access consistently fast hashing power. Perfect for low-power IoT devices, mobile and desktop solutions."

The first resistance level is created at $0.7877 by DMA5; once it is broken, the price might move towards ultimate $1.00. On the downside, the support comes at $0.5582 (Monday's low).

IOT/USD, the daily chart

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