I recommended this coin when the price was 0.025. It is still in the early stage. Good coins need to be operated repeatedly. If the layout is appropriate, enter the market in batches. The current strong support level is around 0.057, so the entry point when the market is relatively stable is 0.059-0.068.
In the cryptocurrency market, as investors and technology enthusiasts grow their demand for innovation and diversified investments, a single track may no longer be enough to attract widespread attention. In a bull market, diversified projects may be more popular.
Let’s take a look at the dark horse of this bull market—Depin+AI track combination
What is IoTeX?
IoTeX is an EVM-compatible Layer 1 blockchain founded in 2017, aiming to become a trusted computing and application platform for collaboration and value exchange between smart things, developers and people;
IoTeX is committed to combining blockchain, trusted hardware and edge computing to achieve trusted interconnection of all things and connect the world with blockchain.
By creating a trusted IoT platform, IoTeX supports dapps (Cyclone, Mimo), smart devices (UCam, Pebble), services (ioay, ioTube), and digital assets.
It covers various tracks such as DeFi, NFT, DAO, Metaverse and MachineFi.
IOTX Team Background:
The Ethereum-compatible blockchain IoTeX ecosystem optimized for DePIN has received $50 million in financing. This round of financing was participated by Borderless Capital, Amber Group, Foresight Ventures, FutureMoney Group, SNZ, Metrics Ventures, EV3 and Waterdrip Capital
IOTX token economic code:
IOTX total supply: 10 billion
Total Circulating Supply: 9,441,378,955
Total circulating market value: 6.45 billion
Risks and opportunities of IoTeX
Any project has risks and opportunities. If the Depin project can develop in the future, there will undoubtedly be more opportunities to participate in various Depin projects now and enjoy the benefits of project growth and token appreciation.
The current IOTX price is US$0.62. It once rose to US$0.26 during the bull market in 2021. Is this round of bull market an opportunity?
Of course, there are risks involved
If the Depin project is just a passing fad and does not go viral, or the project application is just empty talk, or the project cannot be implemented, the cost and energy invested in purchasing IOTX will be wasted or even reduced to zero.
Some people say that DePIN can be a "old wine in new bottles" track, or it can be an imaginative track that breaks through industry boundaries.
After all, the Internet of Things, the interconnection of all things, and the seamless connection between web2 and web3 are full of tension and opportunities;
It would be cool if the decentralized physical infrastructure network could be shared globally. Depin brings together different services, manufacturers, and the entire device ecosystem on a "neutral" platform.
Everyone with extra networks and equipment can invest in it and receive token rewards;
Everyone can also get services and support from the depin network and enjoy the changes and revolutionary experiences brought by blockchain. All of this takes time, so stay tuned.
