IOTA crypto has been strutting its stuff, climbing to $0.20 like a Marvel blockbuster. Formerly known as MIOTA, IOTA is built for the Internet of Things, which upgrades clunky blockchain for a sleek Tangle quantum proof without the need for a fee.
Price-wise, the coin itself has seen a 20% price spike since last month against the global market. As for now IOTA is sitting at $780 million of market cap, which put it slightly out of the top 100 crypto.
So, what’s driving IOTA to act like it owns the crypto catwalk? It’s mainnet?
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Is IOTA Crypto the Next Ethereum After Mainnet?
The buzz is real for IOTA Mainnet today. Its Mainnet and Rebased dropped in November 2024, giving the network an upgrade with fancier tools for tokenized assets and decentralized IDs. IOTA just went from flip phone to smartphone overnight.
Meanwhile, the Business Innovation Program is currently tossing €100,000 for devs to build shiny new apps on IOTA’s ecosystem, which will be running until December 2025. This is catnip for coders, and the market is purring by seeing this.
Iota's price is now oscillating above support after their mainnet announcement.
Still lagging but waiting to see if we finally get another bounce at this levelhttps://t.co/RXwpd2IkhA pic.twitter.com/QiycHaTtOl
— Devchart ??? (@devchart) May 6, 2025
Partnerships are also IOTA’s strength. It has been displaying its prominence at the Currency Conference 2025 in Bangkok, nudging central bank bigwigs. IOTA is not playing around with its other partnership, too, especially with the Trade Worldwide Information Network, or TWIN, launching this year with the World Economic Forum.
At this current state, IOTA is joining the Avengers of global trade, securing supply chains with its Tangle innovation.
Some are calling IOTA the “IoT king,” ready to rule smart cities. The community is euphoric about TWIN’s potential to make IOTA the backbone of trade logistics. Others are hyped about Rebased, saying it has the Ethereum-level potential without the gas fees. The vibe? IOTA could be a lifestyle for the machine economy.
As IOTA Ambassador, thrilled to share the latest: Rebased mainnet live 05.05.25 with DPoS (150 validators) staking up to 15 % APY, MoveVM smart contracts, 50 000 TPS & < 1 s finality! Plus EU Blockchain PCP & TWIN in action.
Ready to build the future?? ? #IOTA @iota @binance pic.twitter.com/UVMTd2iVB2— NFT.barsik (@nft_barsik3) April 25, 2025
IOTA Mainnet might just be starting here. Its European Blockchain PCP win last month proved it’s a legit project. It meets the EU’s standards, which many couldn’t. TWIN’s launch is looming, and developers are flocking to its funding. IOTA’s current pump might be the start of something.
Will IOTA keep climbing? Who knows, but it’s stealing the show for now.
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