May 15, 2021

IoTeX (IOTX) rallies 300% after DeFi and Amazon Web Services integration

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As mobile devices, cost and the ease of accessing the internet becomes less of a challenge for people across the world, the value of data has become a new highly desired commodity.

Governments and companies utilize customer and user data for a vast array of purposes and this has placed added emphasis on how data is collected, priced and of course, there are also privacy concerns regarding how personal data is obtained. 

Currently, there are several blockchain projects focused on organizing data and enabling users to have more control over what data they elect to share and monetizing some of the profits generated from data collection. 

IoTeX (IOTX) is one such project that has been gaining traction over the past five weeks. The project aims to solve the issues of scalability, privacy and the high operating costs currently limiting the mass adoption of the Internet of Things (IoT) ecosystem.

IOTX/USDT 4-hour chart. Source: TradingView

Data from Cointelegraph Markets and TradingView shows that the price of IOTX has rallied 300% since Feb. 1 as the priceTitle: IoTeX (IOTX) rallies 300% after DeFi and Amazon Web Services integration
Sourced From: cointelegraph.com/news/iotex-iotx-rallies-300-after-defi-and-amazon-web-services-integration
Published Date: Thu, 11 Mar 2021 19:51:25 +0000