Iota. It’s a crypto for the internet of things market which is set to be a $1.5 trillion dollar market in 2030 with 25 billion connected devices. Think any electronic device (like a battery powered car) needing to transfer money and information to another connected device (i.e. tolls, fuel, data, etc.). It’s feeless. Meaning unlike a lot of cryptos it costs nothing to send money across the network. Right now it can do about 1,000 transactions per second. It gets faster and more efficient as more transactions are done on the platform unlike other cryptos which start to choke on increased traffic. There’s no crypto rivaling it at the moment. It’s not as popular in the states but, it’s popular in Germany where it’s based. A few big tech companies have expressed interest (Bosch in the past, Dell in the last month). They release their plan for smart contracts and oracles last week too. Right now it’s not decentralized, had some wallet issues (people couldn’t send coins to same address twice w/o losing their coins, had to get a new address everytime) and one of it’s founders was a cornball so it dropped out of the top 50. The founder got pushed out. It’s set to be fully decentralized by the end of this year. And the wallet issue was fixed. At its peak in 2017, it was at $5 and change. At its low (over the following three years really), it’s been between $0.10 and $0.30. I’ve been buying every other month since 2017 and it’s back up to $1.30
I’m up like $12,000 on it (Iota and Bitcoin together)
If it gets back to $5 a coin imma be
Its one of those projects that will either be an utter failure or it will be a dark horse and blow up. If you can afford to burn $500, you might lose the $500 but, if it works out, it’s going to work out nice.