IOST is up by 10% against Bitcoin (BTC).
IOST (IOST) has pulled back following a downward trend that began on Feb 22, 2021—after a continuous upward movement since Bitcoin started the bullish run.
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With the beginning of the new month, the market has started it with an upside momentum. Bitcoin has gained quite comprehensively after its single-day collapse about a week ago. The market has gained following the pullback from BTC and that’s the main reason why it has kicked of the new month in style.
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What’s Next?
IOST, an ultra-fast, decentralized blockchain network based on the next-generation consensus algorithm “Proof of Believability” (PoB), just announced that it will be launched on Gate.io, an established exchange, for trading. IOST will be traded with IOST/ USDT trading pair on the exchange.
The new listing is available from today, March 1 at 4:00 UTC. The users can get a 40% of all referees’ trading fees in the affiliate program at https://www.gate.io/referral.
Gate.io is an established exchange with a fair and high set of rules. The exchange is well-known for its transparency and holds integrity. IOST trades will have a free listing on Gate.io as it has zero listing fees. Moreover, the exchange claims to have 100% real trading volume, which is great.
Another reason for IOST’s recent pullback is the announcement of Donnie Finance (DON) airdrop. The leading Thailand Exchange Bitkub and Malta-based cryptocurrency exchange OKEx will support the Donnie Finance airdrop for IOST holders.
IOST foundation took part in the airdrop to help DON to get into the market. The crypto asset foundation airdropped 5% of the total supply of Donnie Financeto IOStoken holders for supporting the DON ecosystem.
But, there’s something much stronger that has pushed IOST’s price in 2021. IOST has soared over 650% this year backed by DeFi integrations, NFT functionality, and staking support from major exchanges.
Recently, there has been much hype for decentralized finance (DeFi) and nonfungible tokens (NFTs) in the crypto sphere. The advancement in the blockchain world has introduced new ways for digital currencies and DeFi and NFTs are one of them. IOST is one protocol that has been capitalizing on these growing movements to help expand its community.
The NFT functionality combined with a new marketplace—where users can trade IOST—has increased support for staking from top exchanges. This has led to a massive rise in IOST’s trading volume in the last two months.
Conclusion
IOST has significantly risen in this year until now. The digital asset’s upcoming trend will be based on the movement of Bitcoin. As we write this, IOST was trading around $0.038, up by 21.87% and 9.87% against BTC.