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- IOTA has teased an announcement on Tuesday, October 15, and the entire ecosystem is holding its breath, waiting for what could be a landmark pivot or partnership.
- Many believe that it’s related to the tokenization of real-world assets, which IOTA has been focusing on in recent years, and that the result could be a 100% rally in the token price.
October 15 is a landmark day for the IOTA ecosystem, but few can say with certainty why. IOTA has teased a mega announcement for tomorrow, and the entire space is speculating on how massive it will be and what it will be on.
IOTA teased the announcement two weeks ago, and since then, speculation has been rife over what’s next for the project.
15.10.24 pic.twitter.com/IN7U1HpO9Q
— IOTA (@iota) October 1, 2024
Some believe that it’s most likely related to the tokenization of real-world assets (RWA), a sector that the network has been heavily focused on in recent years. In an exclusive interview with CNF, founder Dominik Schiener revealed that he believes tokenization “is the silver bullet of cryptocurrencies” and that it’s “what’s missing in our current, highly digitized life.”
This has led some to speculate that the Tuesday announcement will most likely be about tokenization. If this announcement strikes the right chords with investors, the rally that will ensue will be massive, says Bit Whale, a crypto analyst on X.
IOTA: something is brewing and could see a 100% pump out of silence IF their announcement is RWA based on October 15 2024.
The analyst noted that it wouldn’t be the first time that IOTA had recorded a massive surge towards the end of the year. On November 23rd last year, it recorded a 130% rally, a fete that it could repeat tomorrow. Additionally, the European Blockchain Services Infrastructure is set to make an announcement tomorrow about its verifiable credential service, which could be related to IOTA. After all, IOTA was one of the finalists in the European Blockchain Pre-Commercial Procurement, funded by the European Commission, as we reported.
IOTA’s Big Announcement
And yet, there are others who believe that the announcement will just be a start and that it will be a building block for future success.
This group has called on the community to manage its expectations, with one noting, “I’ve been thinking a lot about what the significance of October 15th might be. My gut feeling tells me that we shouldn’t expect anything major at first.”
SPEC: I've been thinking a lot about what the significance of October 15th might be. My gut feeling tells me that we shouldn’t expect anything major at first. For example, not a partnership with some worldwide top 10 player. Rather, I believe IOTA will undergo a nearly complete… https://t.co/jCaR84d5qm
— Florian Meindl (@flomeindl) October 13, 2024
He added:
Rather, I believe IOTA will undergo a nearly complete marketing overhaul. New website, new logo, etc. Once this rebranding process is completed, one thing will follow after another…We need traction, and then one thing must follow after another.
IOTA trades at $0.1289, gaining 3.6% in the past day for a $445.8 million market cap as trading volume saw a 20% uptick to start the week.