Recently Internet Of People has reached the low, hitting 11122 satoshis low. At the same time price failed to close below the 261.8% Fibonacci support, applied to the corrective wave up after the uptrend trendline breakout.
Today IOP/BTC started to rise and aready gained 23% since it reached the low on the 24th of June. Therefore, while/if the support is holding and the closing price stays above the 11122 satoshis, IOP is likely to outperform the Bitcoin in the short to medium term.
The confirmation could be the downtrend trendline breakout, after which price is expected to growth towards the 21k satoshis resistance area, previously acted as the support and resistance.
IOP will be listed on CoinBene on July 16th 2018,featuring IOP/USDT trading.
IOP available for Depositing: 2018/7/16 21:30 (GMT+8)
IOP available for Trading: 2018/7/17 11:00 (GMT+8) IOP available for Withdrawing: 2018/7/19 11:00 (GMT+8)
And IOP has announced thye will do a consensus change:
IOP will introduce a new consensus algorithm based on the idea of a directed acyclic graph, or DAG.
The DAG concept has been popularized by projects such as IOTA and HEDERA. It’s similar to blockchain, but instead of competing against each other to produce the next block on a single chain, nodes gossip with each other about network events to produce a web of messages, all linked through cryptographic hashes. With the release of the new consensus algorithm, IoP will have completed its basic infrastructure. We will then open up transaction confirmation and coin generation to the public, creating a true P2P economy.