Iota is up 100% this year, but in a brutal downtrend since its binance listing.
Iota has great fundamentals but hype and a misinterpreted microsoft partnership pumped the price to unhealthy levels.
One of the important points to determine iotas potential future lows is the all time ROI and iota is up +1278% since its ico which is the second most successful ico after nxt.
Since the iota tokens sold at a really low price at its ico the low term correction still has alot of downward pressure.
TLDR: Great fundamentals but still highly overvalued at +65024% ROI. And always made a new low after a 100% upside push.
No financial advise!
Iota has great fundamentals but hype and a misinterpreted microsoft partnership pumped the price to unhealthy levels.
One of the important points to determine iotas potential future lows is the all time ROI and iota is up +1278% since its ico which is the second most successful ico after nxt.
Since the iota tokens sold at a really low price at its ico the low term correction still has alot of downward pressure.
TLDR: Great fundamentals but still highly overvalued at +65024% ROI. And always made a new low after a 100% upside push.
No financial advise!
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