Brief analysis of iota coin price today you may interested in

From July 7th to July 9th, the price of iota is good and continues to be bullish. At the same time, on July 9th, it was reported that the + CityxChange Alliance, including the IOTA Foundation, had won the bid for the Smart City Lighthouse Project and received funding of 200,000 euros from the European Union. It is said that the total financing amount of the project has reached 300,000 euros.

Most investors thought that this good news could drive the price of iota to continue to rise, but in fact it didn’t develop as they expected. The iota coin price today is 1.04 US dollars, which is 4.23% lower than yesterday. Some investors worry that the price of iota will fall below 1 US dollar.

I don't think investors need to worry too much. It is not uncommon in the market.

Consider the continued decline in the MIOTA / BTC ratio. This is mainly due to the slight decline in the price of Bitcoin in the past few hours, although this will not have much impact on the entire market.

The decline in cryptocurrency trading has also affected IOTA transactions and the iota coin price today. The overall transaction in the past 24 hours has declined slightly as the total has fallen below the total value of 41 million.

In addition, it is normal for cryptocurrencies to be more unstable than we expected at the beginning of the new week, as the exchange clears bank transfers on Monday, not weekends. This also means that people are more eager to cash in after the realization of profits, which is exactly what happened this time.

All in all, keeping the price above $1 for IOTA prices is not a big challenge.