IOTA (MIOTA) Price Weekly Update: Floating over $1.53
News

IOTA (MIOTA) Price Weekly Update: Floating over $1.53

In the course of recent weeks, the build-up around IOTA (MIOTA), has decreased and it is nowhere near what it was in the long stretch of January, this year. MIOTA soared high on January 03 at 4.13 USD. So far it hasn’t been able to reach that level again but remains steady in the range of 1.40 USD to 1.87 USD without much trouble.

A review of IOTA (MIOTA) over the week shows MIOTA at 1.74 USD on May 19 after which it goes downhill and currently stands at 1.53 USD. IOAT (MIOTA) has decreased by 0.21 USD over the week and is steadily increasing over the week.

There has been an increase of 0.19 percent in the last 24 hours and MIOTA faces resistance at 1.53 USD mark. As of now, it stands on the 10th rank with a market cap of 4.2 USD billion.

IOTA, a blockchain platform recently signed an MOU (Memorandum of Understanding) with United Nations in order to find out that how technology can surge efficiency.

According to United Nations, the reason to do this was to reduce intermediaries to a point where there are none left. UNOPS’ Special Advisor on Blockchain Technology, Yoshiyuki Yamamoto explained:

“We share a vision where machines, devices, sensors and people connect and communicate to each other – it’s the world of ‘Industry 4.0.,”

“Harnessing technology that allows for these processes to work simultaneously, without the need for intermediaries, will help expedite our mission as an organization.”

Not only will the organisation along with IOTA provide “the development of specific proof-of-concepts to bring greater efficiencies to specific areas of UNOPS work” but will also offer “training workshops” and “thought leadership seminars,”.

In June of last year, United Nations the network of Ethereum as a means to provide international aid and in November of the same year, United Nations collaborated with the World Identity Network to fight the problem of child trafficking. United Nation has deployed blockchain technology in multiple fields over the recent years and this MOU establishes United Nation’s beliefs in the blockchain technology.

 

Leave a Response

Madhuri Arora
A passionate writer and an avid reader. I love watching action and superhero movies. Love food, music, travel and games.