According to PANews, the price of IoTeX (IOTX), an Internet of Things blockchain platform, briefly exceeded $0.083. The current price stands at $0.08031, marking a 24-hour increase of 20.79%.
In related news, IoTeX recently completed a funding round, raising $50 million. This significant financial boost may have contributed to the recent surge in the platform's value. However, the article does not provide further details on the funding round or its potential impact on the price increase.
IoTeX is a blockchain platform designed for the Internet of Things, aiming to provide a scalable and secure infrastructure for IoT devices. The recent price surge and successful funding round indicate a positive trend for the platform, although the future market performance remains uncertain.