IOTA confirmed that it will implement its historic upgrade, migrating Stardust protocol to IOTA Rebased on May 5.
This upgrade is a major milestone, as it marks a new dawn in the world of blockchains and their communities.
This move is the culmination of a decade’s worth of research and lessons learned, as well as heightened dedication to decentralization and real-world utility.
5.2025: A new IOTA is born. Based on nearly 10 years of research. Based on the best features of Web3. Committed to open-source values blog.iota.org/rebased-mainne… Smart contracts, decentralization, real-world adoption – just 2 weeks to launch 1/4
The altcoin price has been speculated about due to the bullish developments in ecosystem.
The increased interest in the upgrade may support breakouts beyond $0.2380, and launch short-term rallies up to $0.40.
This would be a 120% increase from the current IOTA price of $0.1801.
IOTA is a new start
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IOTA is known for its diligence and prioritises real-world uses cases.
This upgrade is a step towards decentralization and will make the system more efficient, secure, faster, and community-run.
Rebased will replace IOTA’s current architecture with a DPoS consensus (delegated Proof-of-Stake).
This upgraded ecosystem includes 150 validators, and will be able to scale up with over 50K transactions every second.
Rebased will reward stakes between 10% and 15% of APY.
The MoveBM Smart Contract will also allow developers to build dApps on IOTA’s base platform.
This is what the team said:
IOTA will be able to offer a 10-15% annual return on stakes, as well as MoveVM smart contract L1 contracts.
Rebase’s mainnet reveals IOTA capabilities.
This upgraded network has real-world smart contracts and is highly decentralized. It’s also modular and faster.
Upgrades are important.
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- Decentralization is complete: The update replaces the coordinator mode by a fully decentralized, consensus-based model that does not require a leader.
- IOTA’s smart contract support will be a part of its efforts to explore DeFi, NFTs and dApps.
- IOTA will be more compatible with other blockchains thanks to new standards and bridges.
IOTA Price to see robust Gains
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Investors and traders continue to focus on IOTA price movements as the Rebase launch is just two weeks away.
Alt has risen more than 5% over the last 24 hours and is hovering at $0.1801.
Chart By CoinMarketCap
The soaring volume of daily trades reveals renewed investor interest.
The bulls are likely to push even harder for a higher price amid improving market sentiment.
Bitcoin is now trading above $90,000.
Altcoins will rally if the candle closes above $90,000
IOTA is targeting the $0.2380 key level.
Cihan Turkmen, an analyst at Cihan Turkmen believes that breakouts beyond this zone could support rallies up to $0.40.
$IOTA Breakout above 0.2380 may open the way to a target in short term of 0.40. The price could climb to as high as 1.70 in mid-to long-term if key resistance levels have been cleared. The price could fall if a rejection at 0.2380 occurs.
This would be a 122% increase in IOTA price.
The mid to long-term gain could be $1.70.
The $0.2380 level is a good place to start.
The rejection of the proposal could lead to a drawdown down to $0.05 and the delay in projected growth.
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