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Should you buy IOTA in 2024? Let's look at this in this IOTA price prediction 2024 article in more detail.

Bitcoin and other altcoins had a strong performance in 2023 as the industry went through numerous headwinds and tailwinds. The biggest tailwinds were the legal victories by Ripple Labs and Grayscale against the Securities and Exchange Commission (SEC).

The timing for the launch of the ShimmerEVM Bridge is a perfect one, considering the broader expansion underway in the IOTA ecosystem.

In a groundbreaking move, IOTA's ShimmerEVM is enhancing its cross-chain capabilities through a strategic integration with LayerZero. This collaboration introduces a new era of cross-chain communication, promising significant advancements in the decentralized application (dApp) and decentralized finance (DeFi) realms. Let's delve into the details of this innovative integration.

The Shimmer bridge, a tool that transfers value between different blockchains that connect to LayerZero, will launch today.

To do this, the network joins forces with the Fireblocks custodian.

The Iota Foundation has recently announced a strategic partnership with Fireblocks. This collaboration aims to streamline the process of asset tokenization, addressing the growing institutional interest in this domain.

Shimmer, IOTA's incentivized staging network, now supports institutional digital asset custody after it integrated with Fireblocks. As announced on Wednesday, the development comes after Fireblocks announced support for ShimmerEVM, an Ethereum Virtual Machine-compatible network that IOTA launched on the mainnet in September.

The Iota Foundation wants to capitalize on institutional demand for real-world assets tokenization, which reached $342 billion in September, according to VanEck data.

Cryptocurrencies were mixed on Wednesday as traders waited for the upcoming FOMC, ECB, BoE, and Swiss National Bank (SNB) decisions. Bitcoin stalled at $41,000 while the total market cap of all cryptocurrencies held steady at $1.64 trillion. There were some bright spots though.

Hedera is teaming up with Demia in a big move to make the carbon market more trustworthy and transparent. They're bringing in Demia's Zero-Trust Data Model into the Hedera network, aiming to change how environmental data is managed, making sure it's accurate and reliable.

Over the last week, both bitcoin and ethereum experienced significant upticks, with increases of 13% and 10% respectively. Meanwhile, an array of other cryptocurrencies achieved even more impressive growth during the same period. Notably, terra luna classic (LUNC) surged by 122.5% against the dollar, while the BRC20 token ORDI ascended by 118.3%.

The native asset for a crypto project focused on the Internet of Things soared by 31% this week amid the launch of a new $100 million ecosystem foundation. IOTA is a distributed ledger technology (DLT) that aims to serve as the backbone of the Internet of Things. The project's native token is trading around $0.

Our list of the best cryptocurrencies to watch in 2024 offers a comprehensive overview of tokens with outstanding potential and innovative features

IOTA continues strategic expansion by registering the IOTA Ecosystem DLT Foundation worth $100 million in the UAE.

The cryptocurrency market is riding on the wave of renewed bullish optimism that started at the turn of the year, but some cryptocurrencies have been recording continuous positive returns ever since their initial coin offering (ICO), including some less-than-expected assets.

Author of book on NFTs considers entering XRP, ADA, or wonders if he should remain in meme coins

The cryptocurrency market has dropped by 1.3% in the past 24 hours. Its total cap now stands at $965 billion, representing a dip of 0.5% in a week, and a drop of 5% in a month. However, while prices are down on average, a number of coins have posted some notable gains in the past day, as well as in the past week. This article takes a look at them, compiling the biggest crypto gainers today, including IOTA, LUNA, QNT, ZEC and TAMA.

According to the daily chart, the IOTA price prediction shows that MIOTA is likely to move consistently within the channel.

Disclaimer: The Industry Talk section features insights by crypto industry players and is not a part of the editorial content of Cryptonews.com.