IOTA price continues to rise after Qubic announcement

Over the past week, IOTA has put in a tremendous amount of work to reach the next phase of its development. Announcements about MOBI and the launch of the IOTA ecosystem contributed to a significant increase in the price of the altcoin.

As announcements appear, the price moves towards the $3 mark. Perhaps by the beginning of next week the price of this currency will be $4. At the time of writing, the price of IOTA is $2.46. Given this positive trend, we cannot ignore the possibility of market disruption. And if this happens, the IOTA price will easily break the $3 barrier.

What is Q?

Q or Qubic is a key part of the next stage of IOTA development. At the moment, most of the details of the project are unknown. According to information published on the Qubic website, the final announcement is scheduled for June 3, 2018. At the moment there is only a short teaser video, which can be viewed here.

The video contains disgusting music, as well as a claim that Qubic can provide some kind of interplanetary transaction system based on smart contracts. Although, most likely, this was done for a more dramatic effect, because in our time few people feel the need to transfer money to Jupiter. From the video we can conclude that the system will work with smart contracts, but the IOTA Foundation itself is in no hurry to share details about the project. 

As June 3 approaches, we should expect continued growth in the price of IOTA; the current growth should continue throughout the weekend. One thing is clear - IOTA will have a really busy month. 

According to https://cryptodaily.co.uk