This cryptocurrency is up 1,000% in a month, and it’s not bitcoin or ethereum
NEW DELHI: One of the most extravagant predictions sees bitcoin at $1 million within three years. But that's a story for another time. Bitcoin, undoubtedly the most talked about asset class today, has spurted over 1,500 per cent on a year-date-basis so far and over 115 per cent in the past one month. But a little known cryptocurrency has put to shame the meteoric rise in bitcoin. With a rally of astounding nearly 1,000 per cent in the past one month alone, IOTA is now the fourth biggest crytocurrency in terms of market capitalisation after bitcoin, ethereum and bitcoin cash. Prices of IOTA surged 980 per cent to $4.14 on December 7, 2017 from $0.38 on November 7. The e-currency has surged over 180 per cent in December so far. According to coingecko.com, IOTA is a distributed ledger for the Internet of Things. The first ledger with microtransactions without fees as well as secure data transfer. Announcement of partnership with major companies l...