A lot of interesting things are happening in the world of cryptocurrency right now Although the Bitcoin price is still of great interest, IOTA is certainly making its mark on this ecosystem as well. More specifically, the IOTA price has surged to $3.15 after reaching an all-time high of $2.4 just yesterday. With another strong 30.86% gain overnight, the IOTA market cap is on track to surpass Ripple. An intriguing development, assuming this is not a pump-and-dump cycle.
Ever since the IOTA cryptocurrency was released to the public, it cemented its place in the cryptocurrency top 10. Although very few people knew what was going on behind the scenes of this project, investors are flocking to this altcoin like there is no tomorrow. It would certainly explain the meteoric IOTA price rise over the past few weeks, as every individual coin is suddenly worth around $3.15. For a currency with a total supply of nearly three billion tokens, that is quite a steep gain.
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