IoTeX Rises 100% Amid Crypto Market Boom

Calling all traders! We got a high jumper here.

Decentralized platform IoTeX’s native coin IOTX has jumped over 100% in price over the past 24 hours. Ranked #106 in terms of market capitalization, the coin is leading the crypto boom this week.

In fact, the coin has grown by 110.41% over the past 24 hours. At the time of writing, it stands at a price of $0.06962. This is the closest it’s come to its previous ATH marked on April 30 when it reached a price of $0.07839.

Further, the coin has a market cap of $662,906,126. This has also grown by a whopping 113%, signifying that soon the currency may make its way to the top 100 currencies by market capitalization.

The platform fuses the Internet of Things (IoT) with blockchain technology to empower machines. Moreover, it creates an open ecosystem where people and machines can interact with guaranteed trust, free will, and with properly designed economic incentives.

Recently, it made the news for launching on Coinbase Pro in response to higher demand from users.

Read also: IoTeX Price Prediction 2021.