Toncoin (TON), the native token of the Toncoin network, has presented a contrasting picture in the recent crypto market surge. While most altcoins enjoyed a ride on Bitcoin’s rise above $68,000, #TON has struggled after hitting a resistance wall at $7.5. However, despite the price pullback, positive signs abound within the Toncoin ecosystem.
Strong Ecosystem Growth Fuels Toncoin’s Rise
Toncoin’s total value locked (TVL) has skyrocketed to a staggering $218 million, signifying a surge in adoption and utilization of its decentralized applications (dApps). This TVL growth has been a key driver of Toncoin’s recent price rally, propelling the token to its current price of $6.52 and pushing its market capitalization above $22 billion. This impressive performance has placed Toncoin as the eighth-largest cryptocurrency by market cap, attracting significant attention within the crypto space.
Data from Santiment paints a promising picture for Toncoin’s long-term prospects. The number of daily active addresses on the TON network has exploded by a staggering 500% since March, with an additional 100% increase witnessed just in the last month. This significant rise in network activity indicates growing interest and user adoption, potentially leading to further upward price momentum for Toncoin.
Several factors contribute to Toncoin’s upward trajectory. Crypto market observer Tindorr highlights the lucrative 50% annual percentage yield (APY) offered on USDT campaigns for new users. This enticing offer has attracted substantial funds, reflected in the ecosystem’s impressive $210 million TVL. Additionally, the recent launch of the $NOT memecoin on Binance has further amplified interest in the Toncoin network.
The potential influx of Telegram users presents another exciting prospect. With billions of potential users, #TONCOİN stands to benefit immensely. The seamless integration of dApps directly within the Telegram interface enhances its appeal to a vast audience. Moreover, the ongoing $200 million incentive program, The Open League, has significantly boosted engagement within the Toncoin ecosystem.
Technical Analysis Reveals a Potential Downturn
Despite the bullish momentum fueled by recent developments and growing market interest, Toncoin faces a potential hurdle. Following a strong rally in early May that saw Toncoin surge from $4.6 to $7.5 (a 63% increase), the cryptocurrency encountered significant resistance at its all-time high. This resulted in a 17% decline, pushing the price down to $6.5.
Technical analysis reveals the formation of a concerning double-top pattern, historically considered a bearish signal. If the bearish trend continues, the $6.2 support level becomes crucial. A breach of this support could lead to a further 24% decline, targeting the neckline support at $4.7. Completing the double-top pattern would signal a shift towards a bearish market sentiment.
Bullish Fundamentals vs. Technical Challenges
Toncoin finds itself at a crossroads. While its strong ecosystem fundamentals, user adoption, and network activity paint a promising picture, the double-top formation and bearish technical indicators raise concerns. The next few days will be crucial in determining whether Toncoin can overcome the resistance and maintain its upward trajectory or succumb to the potential double-top downtrend.

PONKE, the Solana-based memecoin that recently made headlines for a spectacular price surge, appears to be at a crossroads. After a lucky trader turned a small investment into a massive profit, the question remains: can PONKE maintain its momentum?
While PONKE briefly revisited its all-time high near $0.50, it has exhibited some signs of struggle. The price experienced an 11% dip but has since recovered slightly, currently trading at around $0.44. Despite staying above its ascending support line, technical indicators hint at a possible price decline.
The Relative Strength Index (RSI) reached an overbought level of 85% on May 18th and has been steadily dropping ever since. This “bearish divergence” suggests a potential reversal in price direction, contradicting the recent price increase. The daily Moving Average Convergence Divergence (MACD) also flashed a bearish signal on May 21st with a “death cross,” further strengthening the case for a downtrend.
Double Top Formation: A Signal of Weakness?
The price chart also presents a concerning pattern. PONKE appears to have formed a “double top,” reaching its peak twice before falling back. A confirmed breakout below the ascending support line would solidify the downtrend scenario, potentially pushing the price down to $0.35, a key support level based on the 0.382 Fibonacci retracement.
However, there’s an alternative perspective. The current correction could be interpreted as the fourth wave of a larger five-wave impulse pattern in Elliott Wave Theory. This scenario suggests #PONKE might be undergoing a temporary pullback before resuming its upward trajectory.

If this plays out, PONKE could potentially reach even higher than its previous all-time high. The exact target price would depend on the severity of the current correction and the strength of the following uptrend. But exceeding the all-time high could put values above $0.50 on the table, with $0.55 potentially within reach.

The Verdict
PONKE’s recent price action presents both bullish and bearish possibilities. While the technical indicators suggest a potential downtrend, the possibility of a larger five-wave pattern cannot be ignored. Investors should exercise caution and closely monitor PONKE’s development in the coming days. A confirmed breakout below the ascending support line would strengthen the bearish case, while a decisive break above the recent highs could signal a move towards new all-time highs.

#Cardano (ADA), the smart contracts platform aiming to rival Ethereum, is hinting at a potential bull run according to prominent crypto analyst Sssebi. In a recent analysis, Sssebi dives into ADA’s recent price action, highlighting a crucial technical breakout accompanied by a surge in trading volume.
Breaking Through Resistance, Bouncing Back with Strength
Sssebi’s analysis hinges on a key technical indicator: the 200-day moving average (200MA) on the 4-hour chart. The 200MA represents the average price of ADA over the past 200 days and is often used to gauge long-term trends. For a period, ADA struggled to surpass the $0.80 mark, which acted as a strong resistance level, hindering further growth. However, a recent price swing suggests a shift in momentum.
Significantly, $ADA  successfully broke above the 200MA, a critical technical milestone for both traders and analysts. Following this breakout, the token revisited the moving average and bounced back with high trading volume. This signifies strong buying interest and the potential for further price increases.
Technicals and Volume Paint a Bullish Picture
Sssebi emphasizes the importance of this technical move. ADA’s ability to break above the 200MA, retest it, and then bounce back with higher volume is a strong bullish signal. This suggests that the previous resistance level is now acting as a support level, providing a solid foundation for ADA’s future growth.

The surge in trading volume adds another layer of significance. Volume is a key indicator of market interest and sentiment. When an asset’s price action occurs alongside high volume, it suggests that a significant number of market participants are involved, lending credence to the price movement. The high volume accompanying ADA’s bounce off the 200MA strengthens Sssebi’s bullish view.

Cardano Under Scrutiny: Bullish Potential on the Horizon
Sssebi’s analysis has garnered significant attention within the crypto community, with many traders and investors keeping a close eye on Cardano’s developments. The analyst’s bullish prediction is based on recent trading sessions’ technical indicators and market dynamics. If #ADA can maintain its strength and stay above the 200MA, it could attract more buyers and establish a solid uptrend.
While ADA’s recent performance and Sssebi’s analysis suggest a potential bullish phase, it’s crucial for traders and investors to conduct their own research and consider various factors before making any investment decisions.

#dogwifhat (WIF), a meme coin built on the Solana blockchain, has been defying the recent trends in the cryptocurrency market. While other popular meme coins like DOGE and Shiba Inu saw significant price surges last week, WIF experienced a slight decline of nearly 4%. However, despite this short-term dip, WIF is attracting growing interest from investors and analysts who are bullish on its future potential.
Currently priced at $2.71, WIF boasts a market capitalization of $2.71 billion and a 24-hour trading volume of $1.28 billion, solidifying its presence within the meme coin space. However, it’s worth noting the recent 24-hour price decrease of 3.61%.
Analysts Predict Bullish Future for WIF
Several prominent crypto analysts are offering optimistic forecasts for WIF’s price trajectory. Scient, a well-respected analyst, observes a bullish consolidation pattern forming within a daily bull pennant. This pattern, characterized by a higher high followed by a lower high, suggests an imminent breakout from the consolidation phase. The breakout direction will determine the future trend, potentially presenting lucrative trading opportunities.
Adding to the bullish sentiment, Crypto Patel utilizes Elliott Wave Analysis to predict a significant price rally for #WIF. According to Patel, the current correction phase signifies the completion of the fifth wave in WIF’s five-wave cycle.

This correction is expected to drive the price down to the 0.382 Fibonacci retracement level, placing it between $1.30 and $1.60. Following this correction, Patel anticipates a massive upswing that could propel WIF’s price towards the $16-$20 range, representing a staggering 1200% increase from current levels.
While the overall outlook for $WIF  appears promising, analysts also acknowledge potential risks. Patel highlights a “worst-case scenario” where a price drop below the bull flag’s red line could signal a bearish trend, prompting investors to exit their positions.
The Verdict: Is WIF a Worthy Investment?
Dogwifhat’s recent price dip might raise concerns, but the growing analyst interest and bullish predictions paint a compelling picture for its future. As with any cryptocurrency investment, thorough research and a cautious approach are crucial.

While the rest of the crypto market holds its breath for the Ethereum ETF decision, meme coins are having a party. $PEPE Coin (PEPE) and Floki Inu (FLOKI) are leading the charge, with double-digit gains and surging technical indicators fueling the frenzy.
PEPE on a Rampage: New Highs and Whale Activity
PEPE, the world’s third-largest meme coin, has been on a tear. The past weeks have seen an unstoppable rally, culminating in a staggering 28% surge in the last 24 hours. This propelled PEPE to a brand new all-time high of $0.0000138 and a market cap exceeding $6 billion. Trading volume has mirrored the price action, skyrocketing by 90% to a whopping $4.4 billion.
Technically, PEPE’s daily chart suggests the party might not be over. Both the MACD and RSI indicators are flashing bullish signals. A recent attempt by the MACD to dip below its signal line was met by strong buying pressure, pushing it back above and hinting at continued momentum. Similarly, the RSI sits comfortably above 50, indicating buyer dominance. However, a word of caution: the RSI also suggests PEPE might be entering overbought territory, so close monitoring is crucial.

Adding fuel to the fire, whale activity remains high. According to Lookonchain, a significant #pepe⚡ holder withdrew a massive 592 billion $PEPE (roughly $7.95 million) from Binance just an hour ago. This likely represents profits skimmed off the recent price surge.

FLOKI Inu Howls Along: Golden Cross Paves the Way
FLOKI isn’t missing out on the fun. The past day saw its price climb over 11%, currently trading at $0.0002332 with a market cap of $2.2 billion. FLOKI is poised to challenge its all-time high, a feat it narrowly missed in March. Daily trading volume reflects the enthusiasm, surging by a staggering 110% to $825.94 million.
Technically, FLOKI is painting a bullish picture. Trading above both its 50-day and 200-day Simple Moving Averages (SMAs) confirms the uptrend. Moreover, a recent golden cross (50-day SMA crossing above the 200-day SMA) adds further weight to the bullish sentiment.
The RSI for $FLOKI also paints a favorable picture for buyers. Its ascension from the 50-midline level to 72 signifies strong buying pressure, potentially indicating a buying opportunity.
With meme coins defying the market lull, PEPE and FLOKI are leading the charge. Whether this rally has legs or is a fleeting pump remains to be seen. However, one thing is certain: the meme coin space is far from over.

VeChain, a blockchain leader known for real-world adoption, is making waves again. Hot on the heels of their Green Ambassador Challenge, #VeChain has launched a groundbreaking Marketplace-as-a-Service (MaaS) platform. This user-friendly innovation unlocks a massive opportunity in the $16 trillion tokenization market.
MaaS: Democratizing Tokenization for Everyone
The MaaS platform simplifies the listing of digital assets, creation of “phygitals” (physical assets with digital twins), and product lifecycle information tracking. This translates to a smoother and more accessible experience for businesses and individuals venturing into the world of tokenization. It marks a significant milestone, paving the way for a new era in decentralized marketplaces.

Gresini Racing Takes the Wheel: A Real-World Example
VeChain’s announcement solidified its position in the tokenization industry with Gresini Racing, the MotoGP champions, becoming the first enterprise user of MaaS. This collaboration showcases three crucial aspects:
Frictionless User Onboarding: MaaS boasts a no-code environment, eliminating the need for programming expertise. This opens the door for businesses and individuals to easily participate in the tokenization revolution, acting as a major draw for new users to blockchain technology.Gresini Racing: A Trailblazer for Fan Engagement: By leveraging MaaS, Gresini Racing plans to offer exclusive digital collectibles to their fans. Imagine owning NFTs of iconic racing moments or limited-edition merchandise! This approach introduces blockchain to a wider audience through familiar features like social media logins and card payments, making it easier than ever for fans to jump on board.Democratizing Blockchain Technology: VeChain’s MaaS platform removes the technical hurdles that have traditionally limited blockchain adoption. The user-friendly, no-code interface combined with the platform’s ability to bridge traditional business practices with blockchain technology paves the way for broader accessibility.
Gresini Racing’s pioneering move, coupled with the innovative features of MaaS, positions VeChain as a frontrunner in expanding the reach of blockchain technology.
VeChain (VET) Market Outlook
The launch of MaaS, coupled with VeChain’s growing utility and adoption, has sparked speculation about a potential surge in the value of its token, VET. Currently trading at $0.03606 with a recent positive swing, the community is buzzing with the question: Could these advancements propel VET towards the coveted $2 mark in the near future? Only time will tell, but VeChain’s commitment to innovation positions it as a strong contender in the race to redefine tokenization.
$VET

The IOTA network is on the cusp of a major transformation with the recent integration of the Ethereum Virtual Machine (EVM). This game-changing development unlocks a new wave of possibilities for developers and paves the way for innovative projects to leverage IOTA’s unique capabilities.

A sneak peek into the IOTA EVM testnet and mainnet explorer reveals exciting projects poised to capitalize on this integration. One such project is Dexynth, a fledgling contender aiming to establish a robust DeFi marketplace for various assets. While still under the radar within the #IOTA community, Dexynth boasts a compelling vision and a well-crafted pitch deck. Their commitment is further evidenced by actively deploying smart contracts on the IOTA EVM testnet, signifying significant progress.
Interoperability and Streamlined Development
The EVM integration transcends the boundaries of individual blockchains, fostering seamless collaboration between IOTA and Ethereum-based applications. This paves the way for robust cross-chain communication and interoperability, a key feature in the evolving blockchain landscape, developers also gain access to a vast arsenal of tools and libraries from the Ethereum ecosystem, significantly accelerating the development of decentralized applications (dApps) on the IOTA network.
Chainport Integration and Potential Liquidity Influx
Another exciting development on the horizon is the integration of Chainport with IOTA. Investigations into the Chainport staging net reveal the ability to bridge assets between the IOTA testnet and other blockchains. The presence of the Chainport token on the EVM testnet, minted through a transparent upgradeable proxy contract, further solidifies this integration. Additionally, the transfer of assets like BNTSTG (Binance Native Token for STG) through the Chainport bridge fuels speculation about the involvement of Stargate Finance, a prominent protocol associated with LayerZero Labs. Both Chainport and Stargate Finance boast significant total value locked (TVL) exceeding $320 million on their respective bridges, hinting at a potential influx of liquidity into the Real-World Asset (RWA) market via IOTAEVM.
IOTA 2.0 and Beyond
IOTA’s commitment to innovation extends beyond the EVM integration. The IOTA Foundation recently announced the launch of the IOTA 2.0 testnet, marking a significant milestone in their ongoing development efforts. This initiative is part of a multi-year strategy to transition from a Proof of Work (PoW) consensus mechanism to a more secure and scalable Proof of Stake (PoS) model, ultimately enhancing the overall network infrastructure.
With the EVM integration and IOTA 2.0 on the horizon, the future of IOTA appears bright. These developments hold immense potential to unlock new functionalities and opportunities, attracting a wider audience of developers and users to the IOTA network.
$IOTA

The legal battle between Ripple Labs and the SEC is heating up, with a crucial public hearing scheduled for May 30th. This hearing will address several key motions, potentially impacting the entire XRP ecosystem and beyond.

The hearing, accessible via Zoom to anyone interested, will address motions to exclude testimony from several important witnesses. These names include financial experts like Alan Schwartz and academics like Professor Joel Seligman. Additionally, the judge will rule on Ripple’s motion for summary judgment, which could significantly influence the future legal landscape for Ripple and XRP.
The outcome of this hearing holds significant weight. Leading XRP attorneys, including Fred Rispoli, emphasize the potential impact. Judge Phyllis J. Hamilton’s decisions on witness exclusion and summary judgment could set the tone for the remainder of the legal battle.
Ripple Seeks to Exclude Key Witness
Pro-XRP attorney Bill Morgan highlights the importance of excluding Alan Schwartz, whose testimony was previously allowed in the SEC case by Judge Analisa Torres. Ripple argues against including his voice in this hearing.
The Zakinov v. Ripple case, though separate from the SEC lawsuit, could have broader implications. The SEC’s use of a potential summary judgment win here could be applied in their ongoing legal battles with cryptocurrency exchanges like Binance and Coinbase. Experts predict the SEC might even challenge past rulings in favor of Ripple after the remedies stage is complete.
Also Read: Did the SEC Shoot Itself in the Foot? Ripple Legal Officer Highlights Contradiction in XRP Lawsuit
Despite the ongoing legal issues, XRP maintains a degree of price resilience. While down slightly in the last 24 hours, XRP has gained over 1% in the past week according to CoinGecko data. This price stability amidst market volatility and legal uncertainties is noteworthy.
Ripple CEO Remains Confident
Ripple CEO Brad Garlinghouse continues to generate discussion with his views on crypto regulation neutrality, industry forecasts, and his stance on the SEC lawsuit. Despite potential appeals and further legal hurdles, Garlinghouse maintains optimism about XRP’s future and the SEC’s eventual defeat.

Ripple’s Legal Team Fights for Clearer Regulatory Landscape
Adding to the discussion, Stuart Alderoty, Ripple’s Chief Legal Officer, has been vocal in urging the Senate to reject crypto regulations deemed hostile to the SEC’s authority.
With the May 30th hearing approaching, the pressure is on. This event has the potential to significantly impact the Ripple vs. SEC case and shape the future of XRP and potentially other cryptocurrencies by influencing broader regulatory discussions.

A dark cloud hangs over Pepe Coin’s recent surge as a prominent crypto analyst raises concerns about a potential downturn. Citing technical indicators, the analyst urges investors to exercise caution amidst market volatility.

Technical Indicators Signal Retracement for Pepe Coin
The analyst, known for sharp insights under the pseudonym Crypto Expert Ali, took to X (formerly Twitter) to share a thought-provoking analysis. With the recent return of TheRoaringKitty reigniting interest in meme coins, Ali’s focus on Pepe Coin resonates deeply within the crypto community.

Ali’s analysis reveals bearish signals on Pepe Coin’s 3-day chart, particularly an “aggressive 13” and a “green nine” candle formation, both historically indicative of potential retracements. Further fueling investor concern is a divergence between Pepe Coin’s price and its Relative Strength Index (RSI), currently at 41.02. This suggests the price may be overextended, hinting at a potential decline.

Pepe Coin’s Current Standing
Despite these warnings, Pepe Coin (PEPE) currently holds a price of $0.00001021, with a 24-hour trading volume of $1.3 billion. While experiencing a slight dip of -4.92% in the last day, the coin has managed a commendable 24.59% increase over the past week. Notably, Pepe Coin boasts a market capitalization of $4.2 billion with a circulating supply of 420 trillion PEPE tokens.
Open Interest Declines: A Cause for Concern?
However, a recent regression in open interest, currently at 4.53% with a valuation of $71.0 million, paints a potentially worrying picture. Open interest reflects outstanding derivative contracts, and a decline suggests waning investor confidence in Pepe Coin’s short-term trajectory.

With the cryptocurrency market constantly in flux, Pepe Coin’s future performance remains uncertain. Investors are closely monitoring key metrics like price, trading volume, and open interest while carefully evaluating analyst insights to navigate these volatile market conditions.

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The cryptocurrency market is stirring after a period of dormancy, with VeChain (VET) leading the charge. VET is up nearly 7% in the past day, but can this momentum propel it towards a million-dollar payday for investors by 2030? Let’s explore what crypto experts predict for VET’s future.

Long-Term Vision: Will VET Reach $1 Million per Coin?

While the prospect of a single VET token reaching $1 million seems far-fetched, analysts do foresee significant growth potential. Changelly, a cryptocurrency exchange platform, predicts a maximum price of $0.599 for VET by December 2030. To reach a million dollars with VET at this price, you’d need roughly 1.67 million tokens, currently a $60,000 investment. This scenario translates to a staggering 1,567% increase in your portfolio value by 2030.
Telegaon, another crypto platform, holds a more bullish view, projecting a maximum price of $7.63 for VET in 2030. At this price point, you’d only need around 131,000 VET tokens (currently $4,587) to reach a million dollars. This translates to a mind-blowing 21,700% potential return on your investment.

Short-Term Outlook: Can VET Make You Rich in 2024?
While the long-term forecasts are exciting, what about the short term? Telegaon predicts a more conservative maximum of $0.15 for VET by the end of 2024, representing a 328.5% increase from current prices. Changelly offers a more cautious prediction, with a maximum price of $0.0591 by December 2024, translating to a 68.8% growth.
The Takeaway:VET’s Potential Lies in Its Utility
VeChain’s strength lies in its real-world applications, particularly in supply chain management. As VeChain’s technology is adopted more widely, its value could rise significantly. However, cryptocurrency remains a volatile market, and these predictions are just that – predictions. Investors should always conduct thorough research and consider their risk tolerance before entering the crypto market.

The blockchain world is a vibrant landscape, with diverse technologies vying for dominance. Two prominent players in this arena are Ethereum and IOTA, both offering unique approaches to secure transactions and data. But when it comes to security, which platform reigns supreme?
Consensus Mechanisms: Centralized vs. Decentralized
Ethereum relies on Proof-of-Work (PoW) for consensus, where miners compete to solve complex mathematical puzzles, securing the network in exchange for rewards. While PoW boasts high security, it’s criticized for its energy consumption and potential for centralization due to mining pool dominance.
IOTA, on the other hand, employs a unique consensus mechanism called “Directed Acyclic Graph” (DAG). Instead of miners, users confirm transactions by validating two previous ones, creating a web of interconnected transactions instead of a linear chain. This eliminates energy-intensive mining and promotes true decentralization, as no single entity holds control.
Also Read: IOTA and the Future of Smart Grids: A More Equitable and Sustainable Energy Landscape
Cryptographic Underpinnings: Familiar vs. Novel
Ethereum utilizes well-established cryptographic algorithms like SHA-256 and ECDSA, proven secure over years of use. However, familiar algorithms can be vulnerable to future cryptanalysis advancements.
IOTA, in contrast, uses its own custom-designed hash function, Curl-P, and signature scheme, Winternitz signatures. While these offer advantages like smaller transaction sizes and resistance to quantum computing attacks, their novelty raises concerns about potential vulnerabilities that haven’t been thoroughly tested over time.
Vulnerability Landscape: Past and Present
Ethereum has faced several security incidents throughout its history, including hacks like the DAO exploit and Parity wallet vulnerabilities. These incidents highlight the potential risks associated with complex smart contracts and centralized mining pools.
IOTA, though younger, has also encountered security challenges. The discovery of vulnerabilities in its Curl-P hash function and the reliance on a centralized coordinator during its early development raised concerns about the platform’s robustness. However, IOTA developers have actively addressed these issues and continue to improve the network’s security.
Also Read: IOTA: Powering the 6G Revolution with Feeless Data and Optimized Networks
Transaction Fees: Free vs. Costly
Ethereum transactions incur fees, which can fluctuate significantly depending on network congestion. These fees can be a barrier for everyday transactions and limit the platform’s scalability.
IOTA, on the other hand, boasts feeless transactions, making it ideal for micropayments and Internet of Things (IoT) applications where small, frequent transactions are the norm. However, this raises concerns about potential spam attacks and the long-term sustainability of the network without transaction fees.
The Verdict: A Security Balancing Act
Both Ethereum and IOTA offer unique security advantages and disadvantages. Ethereum’s established cryptography and PoW consensus provide robust security, while IOTA’s DAG architecture and feeless transactions offer scalability and decentralization benefits. Ultimately, the “winner” in terms of security depends on your specific priorities and risk tolerance.
Also Read: Ethereum Devs Eye January for Dencun Testing: Major Upgrade to Scale Blockchain
For users seeking:
Proven security and established cryptography: Ethereum might be the better choice.Decentralization, scalability, and feeless transactions: IOTA could be the preferred option.
Remember, security is an ongoing process in the ever-evolving world of blockchain technology. Both Ethereum and IOTA are constantly working to improve their security measures, and it’s crucial to stay informed about the latest developments before making any investment decisions.

BTC/ETH to IOTA: A Comprehensive Guide to Your Cross-Chain Crypto Odyssey
The world of cryptocurrencies is vast and exciting, with new projects and tokens emerging every day. IOTA, in particular, has garnered attention for its unique Tangle technology and feeless transactions. But for some, the question remains: can I directly buy IOTA with Bitcoin or Ethereum, the two most established cryptocurrencies?
The Short Answer: Not Directly on Most Exchanges
Unfortunately, direct purchases of IOTA with Bitcoin (BTC) or Ethereum (ETH) aren’t yet commonplace on most major cryptocurrency exchanges. This is because IOTA operates on its own Tangle network, separate from the Bitcoin and Ethereum blockchains.
However, fear not, crypto enthusiast! There are still ways to acquire IOTA using your existing BTC or ETH:
1. Two-Step Tango: Exchange Your BTC/ETH for a Stablecoin
Many exchanges allow you to trade your Bitcoin or Ethereum for a stable coin like Tether (USDT) or USD Coin (USDC). These stablecoins are pegged to the value of the US dollar, offering a secure and intermediary step in your IOTA journey.
Once you have your stablecoin, look for exchanges that offer trading pairs with IOTA. Popular options include Binance, Kraken, and Bitfinex.
2. P2P Platforms: Peer-to-Peer Possibilities
Another option is to utilize peer-to-peer (P2P) platforms like Bisq. These platforms connect buyers and sellers directly, allowing you to trade your Bitcoin or Ethereum for IOTA at negotiated rates. While offering more flexibility, P2P platforms require additional caution and research to ensure secure transactions.
3. Third-Party Services: A Bridge Between Blockchains
Some specialized services act as bridges between different blockchain networks. These services might allow you to directly exchange your Bitcoin or Ethereum for IOTA, albeit with potential fees and additional transaction steps.
Also Read: Can IOTA’s Tangle Outsmart Ethereum’s Proof-of-Work? A Security Showdown
The Future of IOTA Acquisition: Bridging the Gap
While the current landscape for buying IOTA with BTC and ETH may require some extra legwork, the future looks promising. As IOTA gains traction and adoption, more exchanges are likely to integrate direct trading pairs with major cryptocurrencies. Additionally, advancements in cross-chain bridge technology could further streamline the process, making IOTA even more accessible.
Remember, Before You Buy:
Do your research! Choose reputable exchanges and P2P platforms with strong security measures and track records.Understand the fees involved in each method of buying IOTA.Consider your risk tolerance and choose the method that best suits your needs.Also Read: IOTA and the Future of Smart Grids: A More Equitable and Sustainable Energy Landscape
The Takeaway:
While buying IOTA with Bitcoin or Ethereum directly may not be the most straightforward path at the moment, the future holds exciting possibilities. By understanding your options and staying informed about developments in the crypto space, you can navigate the journey to acquiring IOTA with confidence and ease. So, embrace the Tangle, explore the possibilities, and dive into the ever-evolving world of digital assets!

The crypto world is constantly evolving, and IOTA is not just keeping pace – it’s breaking new ground. Enter ShimmerEVM, IOTA’s game-changer, launched in 2023 and marking its grand entrance into the DeFi arena.
Imagine a world where smart contracts and DApps seamlessly interact across multiple chains. This is the reality ShimmerEVM brings, opening up a universe of possibilities for developers and users alike.
Impressive Numbers Tell the Story:
The ShimmerEVM testnet, launched in March 2023, boasts over 1 million transactions, 38,000 wallet addresses, and 2,200 smart contracts deployed. This isn’t just a number; it’s a testament to the community’s excitement and active participation.
And the impact on the IOTA ecosystem? Boom! Total Locked Value (TVL) on ShimmerEVM skyrocketed by 95.92% in just one month, reaching $4.8 million in October. There are now 40 active projects bubbling with innovation, demonstrating IOTA’s expanding creative ecosystem.

But ShimmerEVM doesn’t operate in a silo. Its integration with LayerZero in December expanded its reach, enabling seamless cross-chain communication. And Bloom Wallet, launched in November, smooths the transfer of assets between Shimmer and ShimmerEVM, further breaking down barriers.
Beyond the Horizon: IOTA 2.0 and Beyond:
The future is bright for IOTA. IOTA 2.0 looms on the horizon, packed with groundbreaking features. The Stardust update brought tokenization and improved cross-chain asset transfer, while IOTA Identity 1.0 bridges the gap between digital and real-world identities.
Strategically, IOTA is making bold moves. The discontinuation of Project and Token Assembly may have surprised some, but it paves the way for a more streamlined token offering. And the creation of the IOTA Ecosystem DLT Foundation in Abu Dhabi signifies a commitment to real-world adoption and regulatory compliance.
Speaking of regulations, the EU’s Markets in Cryptoassets Regulation (MiCA) provides much-needed clarity for the industry, and IOTA is at the forefront of advocating for appropriate frameworks.
The Future is Now:
IOTA isn’t waiting for the future; it’s building it. Layer 2 EVM-compliant smart contracts are coming to the IOTA core network, the IOTA 2.0 testnet, and Shimmer, further solidifying their interconnectedness. And let’s not forget the integration of smart contracts directly into the IOTA base layer, opening up a world of possibilities.
Focus on Real-World Impact:
IOTA’s focus is not just on technological advancement, but on real-world applications. With real-world asset tokenization at the core, IOTA and Shimmer are poised to lead the charge in emerging digital economies.
A Leader in Innovation and Adaptation:
The increase in LTV and active projects, along with strategic updates and future plans, paint a clear picture. IOTA and Shimmer are not just adapting to the changing crypto landscape; they are leading the way with innovation and adaptability.
With ShimmerEVM as its spearhead, IOTA is charting its course towards a future where it’s not just playing in the DeFi space, it’s redefining it.