@d12321 16 December 2023

#IOTA shows a 120% momentum move and it's just the beginning ⚡️ 500 days of low-volatility movement was enough to accumulate liquidity for a 120% impulse move in one week. Such dynamic moves happen because of the accumulated stop losses behind all extremes and the cascade of their liquidations 🔥 We have seen absolutely identical charts and the same performance on many altcoins over the last few months of the trend ⬆️. Fundamental Analysis Facts - IOTA became the first cryptocurrency fund to be licensed by Abu Dhabi Global Markets (ADGM) - Launched a $100mn fund that will be funded with IOTA tokens for 4 years. The fund will invest more in protocols in its network and develop the entire ecosystem. - In Q1 2024g plan to become fully EVM compatible. All protocols on ETH and all L2 will become compatible with IOTA and will be able to pull liquidity into their blockchain - Rumors of IOTA steaking launching, which means some of the supply from the market will be locked into smart contracts, which will also have a positive impact on the price long term ✅ I expect to see conservative targets of $0.4, more ambitious targets of $0.8 and the most ambitious is an update of the previous high of $2.5 📈 From current, I think there is a good chance to take x10 on this asset. 👁️