• About
  • Contact
  • Privacy Policy
  • Terms and Conditions
Wednesday, October 8, 2025
The VR Soldier
  • Featured
  • News
  • Education
  • NEAR Protocol
  • Solana
  • Fantom
  • Yield Farming
  • Reviews
  • Press Releases
No Result
View All Result
  • Featured
  • News
  • Education
  • NEAR Protocol
  • Solana
  • Fantom
  • Yield Farming
  • Reviews
  • Press Releases
No Result
View All Result
The VR Soldier
No Result
View All Result

IoTeX Price Up Over 90% After DeFi Live Event

margin707 by margin707
November 10, 2021
in News
Reading Time: 3 mins read
0
iotex price
Share on TwitterShare on Facebook

IoTeX is once again the top performer today on Crypto.com. We reported on IoTeX last week when the price surged 74%. It seems the hype around this crypto is not over yet, as today we’ve seen IOTX set a new all time high of $0.21. Let’s take a closer look at IOTX and look at any relevant news that might be affecting the market.

What Is IoTeX?

As the name implies, IoTeX is a scalable and privacy-centric blockchain infrastructure for the Internet of Things. IOTX is the native token to the IoTeX blockchain which powers the network.

The IoTeX ecosystem includes dozens of exchanges, wallets, and other unique projects. One of my personal favorites is Ucam – a blockchain-powered home security camera with 100% data privacy. For more awesome IoTeX projects, take a look at the official project directory

Why Is IoTeX Price Rising?

IoTeX more than doubled in price in the past 24 hours, what might be causing such a sudden spike in bullish momentum?

The most recent announcement on IoTeX’s official twitter is an upcoming appearance that the team will make on Nov 10th at DeFi Live.

IoTeX will deliver a keynote at @DeFiLive_ alongside @AaveAave @Avalancheavax @Algorand and more! 🎙️

Our co-founder @Raullen will be presenting "MachineFi: Connecting the Real World to the Metaverse" on Wed, Nov 10 at 12:55pm UTC.

➡️ Register now: https://t.co/oiKI5GBke5 $IOTX

— IoTeX (@iotex_io) November 10, 2021

The event was live streamed earlier today and it seems that the team gave a successful presentation as the price continued to climb.

The second day for the DeFi Live event will be held in person tomorrow, assuming the keynote presentation goes as well as today IOTX price should continue to rise.

In other news, a few days ago Chainlink announced that they’ve awarded a grant dedicated to integrating IOTX with their oracles.

We're pleased to award @protofire with a grant to integrate #Chainlink oracles natively into @iotex_io’s IoT-focused blockchain.

This will empower IoTeX's developer community to build advanced #dApps that leverage real-world data & off-chain computation. https://t.co/ww9ZM4mtkk

— Chainlink (@chainlink) November 5, 2021

Chainlink is a behemoth of a cryptocurrency with a massive community. At the time of writing it boasts a market cap of over $16 billion with a 24 hour trading volume of $2.1 billion.

The integration with Chainlink provided much needed exposure for IOTX and their team. There’s no doubt a portion of Chainlink bulls ended up buying IOTX as well, attributing to the bullish momentum.

IoTeX Price & Tokenomics

At the time of writing, IoTeX is trading at $0.19 with a 24 hours trading volume of $2.9 billion. With a total market cap of $1.8 billion, the trading volume exceeds IOTX’s market cap.

This suggests that IoTeX has a lot of momentum and the market still hasn’t run out of steam. As the top gainer today on Crypto.com, all eyes are on IOTX.

Whether the bullish trend for IoTeX continues has largely to do with whether or not Bitcoin or Ethereum will continue to hold the current support. As long as BTC stays above $65,000 my short term outlook on IoTeX is positive.

The keynote presentation tomorrow at DeFi Live should provide further bullish support for IoTeX, in my opinion the market is currently trying to establish new support at $0.2, if that support can hold we there’s potential for IoTeX to rise over 100% in the next week.

This is not trading or investment advice, always do your own research before buying any cryptocurrency.

Follow us on twitter @thevrsoldier to stay up to date with the latest cryptocurrency news!

Tags: IoTeX
Previous Post

Shiba Inu Getting Ready for a Breakout to $0.0001

Next Post

DogeMoon – The Deflationary Currency, 1.2% Burn per Transaction

Related Posts

Solana Reports $2.85B Annual Revenue, Surpassing Ethereum’s Early Growth
News

Solana Reports $2.85B Annual Revenue, Surpassing Ethereum’s Early Growth

October 8, 2025
Bitcoin’s Price Prediction: $82M Life Insurance Raise Highlights Wall Street’s BTC Entry
Market Analysis

Bitcoin Price Prediction: $82M Life Insurance Raise Highlights Wall Street’s BTC Entry

October 8, 2025
NFT Market Sees Steady Growth as Sales Reach $129 Million
News

NFT Market Sees Steady Growth as Sales Reach $129 Million

October 6, 2025
Featured

MetaMask Rewards Program Targets Active Users

October 5, 2025
Featured

Ethereum Foundation to Sell 1,000 ETH

October 5, 2025
Featured

OctaFX Probe Exposes Global Fraud Network

October 5, 2025

Press Releases

NFT Market Sees $129M Weekly Sales as BNB Chain Surges
News

NFT Market Sees $129M Weekly Sales as BNB Chain Surges

by Jordan Avery
September 28, 2025

The NFT sector continues to show resilience with sales volumes climbing 8.13% to reach $129.1 million, marking the third straight...

Read more
Ethereum Can Outshine Google Says Vitalik Buterin – Here’s How

Ethereum Can Outshine Google Says Vitalik Buterin – Here’s How

September 21, 2025
XRP Aims for $4 as ETF Buzz Heats Up: Can the Hype Hold?

XRP Aims for $4 as ETF Buzz Heats Up: Can the Hype Hold?

September 10, 2025
Bitcoin 12.8% Dip Looks More Like Flexing Than Failing

Bitcoin 12.8% Dip Looks More Like Flexing Than Failing

September 2, 2025
Whales Stack Nearly $1B in XRP – Is $4 Now on the Horizon?

Whales Stack Nearly $1B in XRP – Is $4 Now on the Horizon?

September 1, 2025
The VR Soldier

© 2024 The VR Soldier

Navigate Site

  • About
  • Contact
  • Privacy Policy
  • Terms and Conditions

Follow Us

No Result
View All Result
  • Featured
  • News
  • Education
  • NEAR Protocol
  • Solana
  • Fantom
  • Yield Farming
  • Reviews
  • Press Releases

© 2024 The VR Soldier