- IOTA recent Rebased upgrade introduced decentralization and smart contract capabilities, positioning it as a strong competitor to chains like Solana and Stellar.
- Despite the technical leap, IOTA’s price remains subdued, though indicators suggest a potential breakout if adoption increases.
IOTA’s long-awaited Rebased upgrade has officially gone live, marking the most significant advancement in the network’s history. Yet, despite this milestone, the token’s price has failed to show immediate bullish momentum. As of Monday, IOTA traded near $0.2040, slipping from last week’s high of $0.2415, leaving traders wondering if a rebound is on the horizon.
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A Major Leap Forward: What Rebased Brings to IOTA
Rebased introduces full decentralization to the IOTA’s ecosystem by activating 150 top validators, including major players like Ankr, Nansen, and Blockscope. This structural shift allows IOTA holders to delegate tokens and earn between 10% and 15% in annual rewards, adding a significant incentive for long-term holding.
In addition to decentralization, the upgrade implements Move smart contracts, enabling developers to build decentralized applications (dApps) across a wide range of sectors, such as DeFi, NFTs, gaming, and stablecoins. With this, IOTA positions itself as a viable alternative to established chains like Solana and Stellar.
Technical Strength Meets Market Hesitation
IOTA boasts one of the fastest and cheapest networks in the crypto world, handling over 50,000 transactions per second (TPS)—far surpassing Solana’s 3,000 TPS and Ethereum’s 35 TPS. Despite these technical strengths, the token’s price continues to consolidate.
Current technical indicators suggest neutral to bearish sentiment. IOTA is hovering around its 100-day moving average, while volume has dropped significantly. The Relative Strength Index (RSI) also reflects declining momentum. Still, chart analysis hints at a potential bullish flag formation, and according to the Wyckoff Theory, IOTA may be in an accumulation phase.
A Potential Rebound on the Horizon?
While short-term price action appears uncertain, Rebased may fuel renewed investor interest. With over 350,000 addresses created and 1,709 active wallets recorded on Monday alone, on-chain metrics show steady network growth. If the upgrade proves successful in driving developer and user engagement, IOTA could mount a bullish breakout.
If upward momentum builds, traders should watch for a move toward the March 2 swing high of $0.3143, representing a significant upside from current levels.
IOTA’s price may be sluggish now, but the Rebased upgrade has set a strong foundation for future growth. If adoption picks up, a price rebound could be just around the corner.
ALSO READ:How to Import Your Ledger Profile for IOTA Using Firefly Wallet
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