IOTA (MIOTA) seems to be gaining back momentum into the crypto arena after news emerged on disagreements amongst the team. The altcoin is soon to be added to the eToro platform to scale the variety of digital assets within the network.
This move comes at a time the project needs a boost amidst the ongoing bearish market. IOTA will be able to tap into the global investment market through eToro which boasts of a 10 million and above user base! The well-vast eToro platform is a solution to investors’ portfolio selection depending on their long & short term liquidity goals.
eToro creates an ecosystem where its investors can share knowledge in regards to investment strategies. In addition, users are able to replicate successful portfolio strategies to be successful as well. The platform offers a flexible environment for trading your digital coins since its features facilitate buying, selling & HODLing.
Benefits of IOTA (MIOTA) addition on eToro
IOTA’s infrastructure is unique in comparison to peer crypto coins hence an additional fundamental value with eToro’s listing. The blockchain project has remained focus in creating an environment where developers and business owners can implement their ideas. Transaction fees, open markets and fast operations are among the factors that keep IOTA attractive within blockchain adoptability.
· Diversification for Investors
Risk management is always a factor when it comes to financial markets especially with increasing globalization. Both IOTA and eToro users can now add digital assets to make their portfolio more favorable following the news of the upcoming listing. Popular crypto coins like the BTC, ETH, LTC and IOTA (MIOTA) will soon be a possible portfolio combination within the eToro platform. This will probably reduce the risks and ease of exit for MIOTA coin holders.
· New Opportunities
Owners of the MIOTA coin using the eToro platform get to maintain their rights as asset holders. This means that eToro’s role is merely a guardian of the digital currencies as exchange takes place. In turn, IOTA will be among the assets within eToro’s crypto fund once the integration is complete, an opportunity to gain from Contract for difference by trading the crypto coins in this basket! Yoni Assia, eToro’s co-founder stated that,
“At eToro we believe in diversification and we are committed to bringing more cryptoassets onto our platform for our users to invest in.
Today, there are billions of devices that rely on the Internet of Things and this number is growing exponentially, with millions more new sensors added every week, as the planet becomes ever-more connected. IOTA aims to be the ‘ledger of everything’ by allowing data exchange between the sensor-equipped devices that populate IoT.”
However, the news is yet to make a significant impact on IOTA (MIOTA) price performance. The altcoin is still in the red zone although the last hour has seen a 1.2% gain. Volatility within the crypto market has taught us better, price action speculations are more likely to go wrong than right. Therefore, it would be premature to state whether this move will have instant effect or a fundamental value will be priced later by the market!