Hi Crytpo traders,
IOTA price is plunging. One reason is the pullback of the BTC market, but I beliebe that the main reason behind this downfall is that IOTA was not under the radar of the big fishes. Maybe its because its exchange house is Bitfinex right now during vacation time. On the other side, IOTA is well known under the veterans. I my humble opinion, it is not a coincidence that the price is running down that hard, because it is too high to enter long.
I am not shure if the market governed by few have patience to grow a solid base of IOTA, but theres is still a big chance that IOTA will rebound when coming to other exchanges. Then, we will see a high volatility for a short time before the solid growth begins.
Cheers.