Is there a trend reversal?

What is happening in the crypto industry right now?

Miota is currently in a slight uptrend. It is nice to see that MIOTA has easily crossed the 50 day line again. Does the good news about IOTA have a decisive influence on the price of IOTA Fondation?

Namely, IOTA has managed to land in the next phase of the EU Blockchain funding program.

Phase 2A will last for 6 months. During the period, the IOTA project will be tested , whether IOTA could be a good project for the EU Blockchain funding program. /OTA has the following advantages:

- low power consumption

- little to no transaction fees.

I personally am very excited about IOTA and think their projects are just mega. I hope IOTA doesn't let up and fights for the EU Blockchain funding program. They certainly deserve it.

Let's get back to the chart The IOTA price had to accept a correction of about 40% since 12/28/21. 40% sounds a lot at first, it is also in the short time, but if you now look at Paypal, where the price has collapsed by 50% in half a year.

Even the "safe" companies are suffering a major correction, but quietly.

In April, IOTA reached a price of $2.7 and suffered momentous losses. By the end of May, IOTA had lost 71%. At the beginning of September, the price of IOTA gained about: 140%, but did not reach the price of 2.7$ again. At 2,4$ it was the end and the price collapsed again. Since then, IOTA has been in a sideways

sideways trend.

Let's take an example:

Let's assume that at 2.7$ one has invested a 1000$ and at 0.75$ again the same amount. Then one would have an average purchase price of 1.725$ and would be now "only" 33% minus. If one had invested however with 0,75$ 2000$, one would have an

average purchase price of approx. 1.15$ and would be even approx. 1.1% plus.

Therefore invest less at high prices than at low prices🙂 .

I wish you much SUCCESS in investing.