Iota is moving up in the ranks very quickly, doubling in price from a price point of $1.40 yesterday, to it’s current price point of $2.80, and seems like this trend will increase over the short period with its current volume being over $1 Billion. Iota is now in the Top 5 on the coinmarketcap.com site, and appears to be currently climbing at one of the fast rates.
One of the reasons why IOTA has gained its rank is because the supply is extremely high…close to 3 Billion Coins, and while relatively cheap, it is a wonder that any coin with such a large supply could achieve a price like that. One of the reasons that this may be so is due to the ability for IOTA to be transferred between devices on the internet of things.
IOTA uses a Tangle to process its transactions, which is a second-generation Blockchain.