- IOTA partners with Mises, a mobile-based web browser.
- The partnership may significantly affect MIOTA price considering their focus in Web3.
- MIOTA was trading at a market price of $0.25.
IOTA Sealing Vital Partnerships
From IOTA Tangle to the Shimmer network getting registered in Switzerland’s crypto valley Zug, the ecosystem is growing at a rapid pace. Recently, the team set up a meeting in Germany to discuss some key issues on the network. Now the organization has joined hands with Mises, a mobile based web browser. This may help MIOTA price climb the charts.
The collaboration will focus on web3 infrastructure to offer an improved user experience to people. Several organizations around the globe are already trying to explore corners of the next iteration of internet. It will allow them to become the pioneers of the sectors which many thinks, will entirely decentralize the internet we are experiencing today.
IOTA is steadily making their way to the mainstream by leveraging the Internet of Things network. In October 2022, Japanese multinational conglomerate, Toshiba, announced partnership with the company. Both the companies will work on peer-to-peer energy trading via IOTA network.
Although we're working to make #IOTA a leader in #Web3 with @shimmernet, we will not lose sight of real-world applications in today's industries.
Toshiba Europe has just published some great new research on P2P energy trading built on #IOTA
— Dominik Schiener
The world is already facing issues in efficient power distribution. The Russia-Ukraine war has worsened this problem following their strike on Ukrainian energy grids. According to Times of Israel, Iran recently admitted that they supplied kamikaze drones months before the war. The attack has caused a massive power surge in several cities.
MIOTA Price Action
Currently, MIOTA price shows a bearish trend starting from August 2022. The cryptocurrency traded around $0.35 during the period and upheld support at $0.20 during mid-October 2022. The value raised above the support levels by the month’s end but failed to break the resistance.
MIOTA price was trading at the market price of $0.25 at the time of writing, down by 3.56% in the past 24 hours. Price interest among the investors remains around the present value. People started accumulating the digital assets during mid-June to create a selling interest by mid-August.
The buying wave started by September 2022’s end again that lasted for a few days. Taking the current price levels into consideration, IOTA is creating a buying interest again. If the inventors neglect the price this time, a massive breakdown is expected in MIOTA price.
There are 7.74 Billion connected IoT devices across the globe. The experts believe this number to grow by over 300% in seven years to over 25 Billion devices. There are more IoT devices in the world in contrast to non-IoT devices. The industry has generated over $388 Billion in 2022, which may boom to become a $500 Billion market next year according to market analysts.
The “physical web” of machines and devices appears like a growth opportunity for Venture Capitalists too following the increase in investment. The sector saw VC investments in the sector grow by double between 2013 to 2016. Experts believe that spendings on IoT devices may reach a buck Trili this year.
Source: https://www.thecoinrepublic.com/2022/11/08/will-recent-iota-collaboration-help-miota-price-to-go-up-or-down/