IOTA drops to 10th place, can it get a boost from HelloIOTA?
IOTA has had a rough month with the coin’s prices dropping in the bearish market. And though its managed to pull up a bit, the coin seems to have dropped from the 9th position. MIOTA is currently at the 10th position in the cryptocurrency market, according to Coinmarketcap’s data. The Blockchain project places a lot of emphasis on its community.
And the community in return is a very close knit, loyal one. Whether its good times or bad for the currency’s value, the IOTA community come together to celebrate. While the tough market has seen the cryptocurrency’s value sink, the company has kept up its efforts in building partnerships. Bitpanda, the Austrian exchange recently announced that the cryptocurrency can be purchased for fiat cash at various Austrian post offices.
The cryptocurrency market, as a whole suffered from the lethal grip of the bear markets for the past weeks. While it led to huge price losses, not everyone saw it the same way. Some investors see this as a good thing, basically an opportunity buy cryptocurrencies. While the market is recovering, it’s quite slow. What can drive growth in these coin’s prices, especially IOTA?
According to CryptoDaily, the community-led HelloIOTA website could be the thing that’ll give MIOTA that much needed boost. The website was built to provide the the digital currency’s community with the latest news and developments in the IOTA project. Different cryptocurrencies operate their website differently. For example, Ripple uses one website to provide all news, be it product information, blog posts or general news.
Community engaged activities are quite rare and HelloIOTA is an example of this rarity. They clearly state that they are an organic project by the crypto’s community and not produced by IOTA. MIOTA enthusiasts can get the latest news on what the crypto company is up to and some tutorials as well. These cover topics such as ‘What is IOTA?’ ‘How do I get it?’ and ‘Where do I keep my MIOTA?’ Apparently it’ll get you up to speed on all things IOTA in just 15 minutes!
According to their website, they are focussed on,
“A persistent problem in the IOTA ecosystem has been fragmentation of resources and scattered content. In an effort to resolve this fragmentation, we decided to build a platform that we would want to read every week ourselves – a platform with a variety of consistent weekly articles. From breaking news to deeper thought pieces, Hello IOTA will be the primary place to find high quality news and information in the IOTA ecosystem.”
It further adds,
“As focused as we are on producing high quality content, we’re equally concerned with providing a strong platform for the aggregation of community-sourced knowledge and long form communication. To that extent, the Hello IOTA forum will be actively monitored for users seeking assistance. We’re eager to grow the forum into fertile grounds for community interaction. Ultimately, the forum will provide the means for information posterity, without which we’d be left with only live chat and upvote-oriented platforms.”
This community driven website aims to help the coin grow and give itself a boost alongside. It could very well lead to a steep rise for the cryptocurrency’s value as it grows bigger.
Image via Hello IOTA
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