With less than 24 hours to go until IOTA’s long-awaited Rebased upgrade, market excitement remains palpable, even as the token trades slightly below its recent high. IOTA is currently priced at $0.2087, up 0.52% in the last 24 hours and an impressive 30% over the past month,with less than a day to IOTA Rebased launch
A Quick Recap on IOTA Rebased
As we reported earlier, the Rebased upgrade, launching on Monday, May 5, marks a major milestone for the IOTA ecosystem. It introduces staking rewards, Move-based smart contracts, and boosts scalability to 50,000 transactions per second, setting IOTA up as a competitive force alongside Ethereum, Solana, and Tron.
The switch to a delegated proof-of-stake (DPoS) system, backed by over 150 validators like Ankr and Nansen, unlocks staking rewards between 10% and 15%, drawing renewed investor attention. Meanwhile, developers are already engaging with new dApps like Swirl and Pools Finance on the Rebased testnet.
Market Holds Strong Despite Slight Pullback
Despite slipping from its recent high of $0.24, IOTA’s current price still reflects strong market confidence. The token has maintained most of its gains over the last 30 days. Technical indicators remain bullish over the medium term.
Analysts previously predicted a 95% rally to $0.4235 if bullish momentum persisted. While the token is trading below that mark, the upgrade’s successful launch could reignite buying pressure. This would bring that target back into view.
All eyes are now on IOTA’s network transition over the next 24 hours. A smooth upgrade and early traction from new dApps could be the spark needed for another leg upward. However, traders should also watch the $0.15 support level, a critical zone that, if broken, could invalidate the bullish outlook.
IOTA Rebased upgrade promises to redefine its utility and performance, and the market’s response over the next few days will be telling.
