IOTA price soars as network staking ratio hits 50% milestone
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Cryptocurrencies saw remarkable rallies on Thursday as Bitcoin reclaimed $91,000.
Most altcoins display substantial intraday gains, with the value of all digital currencies up 4.50% from the previous day to $3.11 trillion.
IOTA’s rally coincides with a crucial milestone.
The distributed ledger technology (DLT) platform is celebrating a breakthrough as its staking ratio hits 50%.
That’s a vital metric that reflects increasing participation from the IOTA community.
Meanwhile, this means that users who leverage IOTA’s staking program have locked half of its circulating supply.
For the team, which has spent the past months rolling out upgrades, such as Rebased, and pursuing partnerships, the growing participation signals confidence in the project’s long-term potential.
Thus, the announcement renewed optimism around IOTA, as testified by the bullish price performance.
Why does the 50% staking ratio matter?
A 50% staking ratio is an impressive milestone for any blockchain project.
The breakthrough highlights high user engagement that can help reduce selling pressure, stabilise market actions during volatility, and bolster short-term liquidity.
Furthermore, it reflects users comfortably locking their IOTA holdings for the long term as they trust the project’s future.
Most importantly, surged staking contributes to strengthened economic security, a key factor that enterprise-level participants and developers consider when integrating or building dApps.
A network with massive staked assets is harder to disrupt, making it appealing to investors and creators.
For the community, the milestone is a practical signal of progress for IOTA, which has been underwater lately as new projects stole the spotlight.
Community reaction
Communities play a key role in any project, especially in the blockchain industry.
Thus, user reaction to crucial milestones remains a vital indicator of prevailing sentiments.
In that context, comments celebrating the 50% staking ratio flooded the post, with one X user stating:
IOTA’s community isn’t passive. It’s aligned, committed, and actively strengthening the network’s security and economic resilience.
Indeed, a high staking ratio often suggests a more stable ecosystem for deploying decentralized applications.
IOTA’s blockchain is now attractive to builders seeking a sustainable environment.
IOTA price outlook
IOTA trades at $0.1183 after gaining more than 3% the past 24 hours.
The positive daily trading volume signals trader optimism.
Nevertheless, sellers still control the alt after dropping 10% and over 20% the past week and month, respectively.
Besides the staking optimism, IOTA’s bullish bias mirrors broad-based gains over the last 24 hours.
Thus, its overall market performance will determine IOTA’s price direction in the near term.
The post IOTA price soars as network staking ratio hits 50% milestone appeared first on Invezz
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