You Won’t Believe What Happened to IOTA After Its Biggest Upgrade! 🤯

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It was Monday—grim, indecisive—and IOTA’s price was twitching like a cold soldier at roll call, enduring yet another morning after. The developers, hands blistered from relentless toil, had wrenched into existence the Rebased upgrade—touted (naturally) as the greatest in all of IOTA’s troubled existence. History does enjoy its superlatives, doesn’t it?

IOTA (IOTA), that battered token, stumbled to $0.2040, a pitiful crawl just beneath last week’s giddy heights of $0.24. Market cap wallowed at $777 million, which would make any gambler weep—unless you happen to be the House.

On this Monday (capital ‘M’ for Malice), Rebased arrived not on the wings of angels but as a cold front, affecting both token wielders and the long-suffering developers who no doubt eyeball charts until the numbers blur into existential dread.

Decentralization finally rolled into town—a convoy of 150 so-called “top validators” (Ankr! Nansen! Blockscope! The gang’s all here). Now, IOTA holders who muster the strength to delegate their tokens shall be blessed with 10-15% annual returns. Or so the prophecy promises. Can anyone still hear the sound of passive income, or is it laughter from an empty room?

🚀 After more than a year of hard work, we’ve officially launched the new IOTA Mainnet with Move smart contract capabilities, Proof-of-Stake, and a decentralized set of validators. Welcome to IOTA Rebased. @iota 🧵

— Luca Moser (@luca__moser) May 5, 2025

Now, Move smart contracts are in play, allowing coders to build decentralized applications for everything from DeFi to NFTs to…games nobody plays and stablecoins that only pretend to be stable. The hype machine positions IOTA as a “real” competitor to Stellar and Solana. How many blockchains can stand atop this podium remains to be seen—my guess is the floor might give way first.

They say IOTA is now one of the fastest and cheapest chains in the cryptoverse—ably handling 50,000 transactions per second! (Solana does 3,000; Ethereum, a stuttering 35. Quantity before existential meaning; that’s the rule.)

On-chain metrics bark about nearly 350,000 addresses, with 1,709 stirring themselves on Monday. IOTA hopes this trickle turns flood—assuming Rebased doesn’t become a footnote in a future academic paper entitled “Hubris in Decentralized Ledger Technology.”

IOTA price technical analysis

The daily chart whispers of suffering: IOTA trades at $0.200, down from a once-proud $0.2415. Price now circles the 100-day moving average with the weary gait of a prisoner in the exercise yard. The RSI and “broader altcoin sentiment” point downward—presumably not unlike the market’s collective mood.

Volume has dwindled—to the quiet sigh of the Wyckoff Accumulation Phase. (Holders, grab your existential notebooks!) The chart, like a prisoner scratching marks on the wall, etches a tiny bullish flag pattern. There’s hope—a glimmer!—of a breakout. If the universe is feeling charitable (and hasn’t it always?), the next target is the arcane March 2 swing high of $0.3143. Dare to dream. Or at least pretend.

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2025-05-05 20:43