Success $IOTA is associated with the growing market interest in old cryptocurrencies from previous cycles. Assets like VeChain ($VET ), Hedera ($HBAR ), and Algorand (ALGO) have come to the forefront in the last 24 hours. Many of these coins were launched between 2017 and 2020.

Additionally, IOTA's strategic pivot towards the Real World Assets (RWA) project has strengthened its position.

The optimistic forecast is also bolstered by the start of voting on the Rebased protocol. It aims to reduce transaction costs, increase throughput, and implement smart contracts based on Move on a parallel level 1 based on DAG.

Meanwhile, data from Santiment shows that the trading volume of the asset has reached $675.51 million. This is the highest value since November 2017. It confirms the high demand for cryptocurrency.

If the volume and price continue to rise, IOTA may exceed the $0.48 mark in the coming days. Open interest (OI) for the asset has also increased to $72.37 million. This on-chain metric reflects the total number of open contracts at the moment for various derivatives, such as options and futures. Its growth indicates that more market participants are entering new positions. #2024withBinance #2024Crypto