IOTA the Only Winner in Top 10 After Porsche Partnership Announcement: Tuesday’s only winner in top 10 was IOTA, after the IOTA foundation announced it would work together with German automaker Porsche on the Program 4 project.
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IOTA, who is working on creating more solutions in real-world case usage, will work together with Porsche along with other startups on this program which is focused on smart mobility. This is not the first time that IOTA has partnered with an automaker. Earlier, it announced a collaboration with Volkswagen, one of the largest car manufacturers in the world, to work on smart cars and decentralized platforms.
Furthermore, in April IOTA revealed its partnership with a company called Elaad as it released the first charging station in the world where charging and paying can be done with IOTA.
Lookin at IOTA token’s price action, it has been on a solid uptrend since it bottomed out on April 8th. The uptrend was confirmed once the price broke above the daily Ichimoku cloud on April 19th. The price is currently capped at the 61% Fibonacci retracement level at around $2.65. We could still see a pullback towards $1.89 before further gains towards $3.17 and $3.71 respectively.