2. The iotx bet in the large warehouse position is a relatively old project. In the first half of this year, it completed new financing of 50 million USD. This coincided with the completion of the iotx 2.0 roadmap. It is like an old tree sprouting new buds; from the perspective of chip structure, it is overall quite healthy. The depin track it is in also has promising prospects. According to the research report released by the institution Messari, they are optimistic about the depin projects. #iotx

Therefore, there are basically no issues on the fundamental side. From the chart, it has temporarily broken below the trend line, and the rebound has not successfully broken through the trend line resistance. Overall, it is still quite weak in the short term. However, thanks to the relatively small scale of the project and the fact that there are no strong competitors in this track, when the altcoin season arrives, or when the sector rotates to depin, it is highly likely that iotx will become the leader of the sector.

Let's predict the price: in extreme cases, the iotx price might spike to 0.0284, which is about a 20% drop from the current price of 0.036. As the altcoin season rotates to the depin sector, based on the current FDV of 360 million USD, such a leader in the depin L1 track could easily reach a market value of 5 billion, with about 10-15 times the potential. But remember, do not open contracts; just hold spot and wait for the wind to come. $IOTX