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Home»Altcoins»can IOTA price soar 120%?
Altcoins

can IOTA price soar 120%?

NBTCBy NBTC05/05/2025No Comments3 Mins Read
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IOTA has confirmed plans to implement its historic upgrade on May 5, migrating from Stardust to the IOTA Rebased protocol.

The upgrade represents a key milestone as it ushers in a new dawn for the blockchain and its community.

The move follows a decade of research, limitless lessons, and amplified dedication to real-world utility and decentralization.

5.5.2025 → A new IOTA begins. Built on nearly a decade of research. Inspired by the best of Web3. Committed to open-source values 🔗 blog.iota.org/rebased-mainne… Smart contracts, decentralization, real-world adoption – just 2 weeks to launch🧵⤵️ 1/4

6:30 pm · 22 Apr 2025

The bullish ecosystem developments have triggered speculations about the altcoin’s potential price action.

Increased interest during the upgrade could support breakouts past $0.2380 and initiate short-term rallies to $0.40.

That would mean an over 120% surge from IOTA’s current price of $0.1801.

IOTA’s fresh start

IOTA, known for its due diligence, prioritizes real-world use cases.

The upcoming upgrade will market the blockchain migration to decentralization, making the ecosystem more secure, community-run, and faster.

The Rebased protocol will introduce a DPoS (delegated proof-of-stake) consensus to replace IOTA’s existing architecture.

The upgraded ecosystem will comprise 150 validators and enhanced scalability with more than 50K transactions per second (TPS).

Notably, the Rebased network will offer staking rewards of between 10 and 15% APY.

Furthermore, the MoveBM smart contract will enable developers to create dApps directly on IOTA’s base platform.

The team explained:

After 5.5.2025, the IOTA network will have full decentralization (up to 150 validators), incredible scalability with 50K+ TPS and sub-second finality, IOTA staking rewards with 10-15% APY, and MoveVM for L1 smart contracts.

The Rebase mainnet will reveal IOTA’s capabilities.

The upgraded network is modular, faster, and highly decentralized, with real-world smart contract functionalities and scalability.

Why is the upgrade crucial?

  • Full decentralization: the update will replace coordinator mode with a leaderless, fully decentralized consensus model.
  • Smart contract support: IOTA will support Ethereum smart contracts as it digs into DeFi, NFTs, and dApps.
  • Cross-chain interoperability: new bridges and token standards will enrich IOTA’s compatibility with other blockchains.

IOTA price eyes robust gains

With the Rebase launch two weeks away, investor and trader attention remains on IOTA’s price reactions.

The alt soared more than 5% in the past 24 hours to hover at $0.1801.

Chart by CoinMarketCap

Soaring daily trading volume highlights renewed investor interest.

Bulls will likely push for more amid the improving broad market sentiments.

Bitcoin has crossed the vital $90,000, trading at $91,009 during this writing.

A candle closing above $90,000 would support rallies in the altcoin space.

IOTA will target the key level at $0.2380.

Analyst Cihan Turkmen trusts breakouts past this zone might support extended rallies to $0.40.

$IOTA 🔹 A breakout above 0.2380 could open the path toward a short-term target of 0.40. 📈 If key resistance levels are cleared, the price has the potential to climb up to 1.70 in the mid-to-long term. ⚠️ On the flip side: A rejection from 0.2380 could lead to a pullback down

5:09 pm · 21 Apr 2025

That would translate to an approximately 122% surge from IOTA’s current price.

Continued uptrends could support mid-to-long-term gains towards $1.70.

However, enthusiasts should watch the $0.2380 mark.

A rejection could catalyze drawdowns to $0.1400 and delay the projected surge.

The post IOTA’s Rebased upgrade to go live on May 5: can IOTA price soar 120%? appeared first on Invezz

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