Recently, a latest report from Messari caught my attention, the protagonist of which is IoTx. I looked at Binance’s trading volume data and found that although the current trading volume is relatively small, it shows a continuous upward trend, which is indeed intriguing. In addition to the attractive narrative, IoTx seems to contain deeper value.
This public chain, created specifically for depin, is particularly dazzling in the current currency market. Compared with other projects that are limited by business development, investing in the depin public chain seems to be a more sensible choice. The recent data performance of IoTx is even more eye-catching, showing huge growth potential, which is undoubtedly loved by Western investors.
On the depin track, IoTx stands out with its excellent performance. As a leader in the depin field, it has been widely recognized in the West. I dug into the background and capabilities of IoTx and found that it certainly lives up to the hype.
First of all, IoTex achieved amazing growth in network transaction fees in the fourth quarter of 2023, with a quarterly growth rate of more than 3,000%, reaching an astonishing figure of $212,000. This achievement is enough to prove IoTex’s strong momentum in the market.
Secondly, IoTx provides strong support for the depin project by developing W3bstream middleware. This middleware has similar functionality to tia coins, but what’s even better is that it works on a variety of blockchains, including Ethereum, IoTeX Chain, Solana, and more. What is even more exciting is that IoTx recently announced its integration with Solana, which means that all depin projects on Solana will be able to utilize IoTx technology, including well-known rndr, mobile, hnt and other projects.
In addition, IoTx has also shown strong strength in financing. It has a strong lineup of institutional investors, including well-known institutions such as Jump and Samsung. Jump is known as one of the strongest market makers, which also provides strong support for the future development of IoTx.
In terms of valuation, although the current circulating market value of IoTx is relatively low, considering its strong technical strength and broad market prospects, the market value is expected to grow significantly in the future. Compared with other public chains currently on the market, the valuation of IoTx seems to have a lot of room for growth.
Of course, investing always comes with risks. But in this currency market full of opportunities, only those who dare to seize opportunities can succeed. If you are looking for a value currency with potential, then IoTx is undoubtedly an option worth paying attention to. Its strong performance, wide recognition and strong financing background provide a strong guarantee for its future development.
Combined with the position allocation strategy we discussed this morning, I think if you want to buy value coins and don't want to choose mainstream coins like BTC, then IoTx is undoubtedly a better choice. Compared with those public chain projects whose market value has reached tens of billions, IoTx's market value still has a lot of room for growth. Moreover, it has a strong narrative and great growth potential, which are factors that investors value.
I know some people are afraid to enter the market when they see the skyrocketing K-line, but I think we should look at this issue from the perspective of valuation. Risk and return always go together. If you are willing to take a certain risk to pursue higher returns, then I think entering the market at a price of 0.07 is a good choice. After all, in this volatile currency market, only those who dare to take risks can reap huge rewards.
