{"id":368069,"date":"2021-11-17T00:15:00","date_gmt":"2021-11-16T21:15:00","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/iotex-machinefi-rebrand-backs-200-rally-to-a-new-all-time-high\/"},"modified":"2021-11-17T00:15:00","modified_gmt":"2021-11-16T21:15:00","slug":"iotex-machinefi-rebrand-backs-200-rally-to-a-new-all-time-high","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/iotex-machinefi-rebrand-backs-200-rally-to-a-new-all-time-high\/","title":{"rendered":"# IoTeX \u2018MachineFi\u2019 rebrand backs 200%+ rally to a new all-time high"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a3dcbda8f799\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a3dcbda8f799\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/iotex-machinefi-rebrand-backs-200-rally-to-a-new-all-time-high\/#The_rise_of_MachineFi\" >The rise of MachineFi<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/buradabiliyorum.com\/en\/iotex-machinefi-rebrand-backs-200-rally-to-a-new-all-time-high\/#Ecosystem_expansion_and_exchange_listings\" >Ecosystem expansion and exchange listings<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/buradabiliyorum.com\/en\/iotex-machinefi-rebrand-backs-200-rally-to-a-new-all-time-high\/#DeFi_and_NFTs_launch_on_the_network\" >DeFi and NFTs launch on the network<\/a><\/li><\/ul><\/nav><\/div>\n<p>&#8220;<strong># IoTeX \u2018MachineFi\u2019 rebrand backs 200%+ rally to a new all-time high <\/strong>&#8221;<\/p>\n<div class=\"post-content\" data-v-128018ef>In the past 30 years, the growth of the internet and digital <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/technology\/\" data-internallinksmanager029f6b8e52c=\"4\" title=\"Technology\" target=\"_blank\" rel=\"noopener\">technology<\/a> has transformed the way the world operates and now artificial intelligence and machine learning continue to shift the balance of power away from physical labor and more toward a future filled with automation and smart technology.\u00a0<\/p>\n<p>IoTeX (IOTX), a blockchain-based project focused on Internet of Things (IoT) devices and the future of machine learning in the workforce, aims to design an open ecosystem that facilitates interaction between people and machines, and over the past month, the project&#8217;s IOTX token has rallied more than 200%.<\/p>\n<p>Data from Cointelegraph Markets Pro and <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.tradingview.com\/symbols\/IOTXUSDT\/\">TradingView<\/a> shows that since hitting a low of $0.055 on Oct. 27, the price of IOTX has surged 377% to a new record high at $0.263 on Nov. 13 as its 24-hour trading volume spiked to a record $3.93 billion. <\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2021-11\/c0be5d4e-4544-4568-a7de-14badc8e8174.png\"><figcaption style=\"text-align: center;\"><em>IOTX\/USDT 4-hour chart. Source: TradingView<\/em><\/figcaption><\/figure>\n<p>Three reasons for the breakout price action for IOTX are the rebranding of the project to focus on the rise of MachineFi, the addition of support from multiple protocols and exchanges, and the launch of nonfungible tokens (NFT) and decentralized finance (DeFi) projects on the IoTeX mainnet. <\/p>\n<h2><span class=\"ez-toc-section\" id=\"The_rise_of_MachineFi\"><\/span>The rise of MachineFi<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The biggest boost for the IoTeX ecosystem came early in November when the project announced that it was rebranding to focus on \u201cThe rise of MachineFi\u201d as a way to further integrate machines, the Metaverse and the traditional workforce.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">A new era of IoTeX is upon us.<\/p>\n<p>MachineFi will connect the real world to the metaverse and unleash a new decentralized machine economy.<\/p>\n<p> Join the revolution: <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/HZfyxKBkde\">https:\/\/t.co\/HZfyxKBkde<\/a><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/hashtag\/MachineFi?src=hash&amp;ref_src=twsrc%5Etfw\">#MachineFi<\/a> <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/hashtag\/Metaverse?src=hash&amp;ref_src=twsrc%5Etfw\">#Metaverse<\/a> <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/search?q=%24IOTX&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$IOTX<\/a> <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/mHLodF7Gde\">pic.twitter.com\/mHLodF7Gde<\/a><\/p>\n<p>\u2014 IoTeX (@iotex_io) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/iotex_io\/status\/1456353924613500928?ref_src=twsrc%5Etfw\">November 4, 2021<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>MachineFi follows the emergence of DeFi and more recently, <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/game\/\" data-internallinksmanager029f6b8e52c=\"7\" title=\"Game\" target=\"_blank\" rel=\"noopener\">Game<\/a>Fi, and is intended to deal with the confluence of smart devices, machines and finance through the integration of blockchain technology. <\/p>\n<p>As the number of smart devices in use continues to rise, IoTeX aims to ensure security and trust between users and their devices, as well as create a simple interface where all devices can connect and be managed. <\/p>\n<h2><span class=\"ez-toc-section\" id=\"Ecosystem_expansion_and_exchange_listings\"><\/span>Ecosystem expansion and exchange listings<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Another reason for the growing strength of IoTeX is the recent addition of new ecosystem partners, as well as listing on several cryptocurrency exchanges, which helped to increase the token&#8217;s exposure to crypto traders. <\/p>\n<p>This year, IOTX listed on ABRA, Crypto.com, LBank and Coinbase, and was added to Pokket, a passive yield-generating platform.<\/p>\n<p>The project has also been busy establishing partnerships with other projects in the cryptocurrency sector, including integrations with Chainlink, the mobility as a service protocol MobiFi, Health Blocks, the Ethereum Push Notification Service, Travala and the blockchain payments provider NOWPayments. <\/p>\n<p><strong><em>Related: <\/em><\/strong><strong><em>To work for everyone, the Metaverse must be decentralized<\/em><\/strong><\/p>\n<h2><span class=\"ez-toc-section\" id=\"DeFi_and_NFTs_launch_on_the_network\"><\/span>DeFi and NFTs launch on the network<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>A third factor helping to drive the price of IOTX higher has been the expansion of the IoTeX ecosystem and the addition of multiple NFT and DeFi projects to the protocol. <\/p>\n<p>DeFi is the largest sector of growth in the IoTeX ecosystem and some of the recent project launches include WOWSwap, the first leverage decentralized exchange (DEX) on IoTeX, Mimo DEX, and the cross-chain compatible Parrot Protocol, NAOS Finance and Firebird Finance. <\/p>\n<p>On the NFT front, IOTX has benefited from the launch of Sota Finance, the first NFT marketplace on the IoTeX network, as well as the launch of multiple NFT projects including StarCrazy and PlaceWar. <\/p>\n<p>VORTECS\u2122 data from Cointelegraph Markets Pro began to detect a bullish outlook for IOTX on Oct. 20, prior to the recent price rise. <\/p>\n<p>The VORTECS\u2122 Score, exclusive to Cointelegraph, is an algorithmic comparison of historical and current market conditions derived from a combination of data points including market sentiment, trading volume, recent price movements and <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/social-mediaa\/\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Social Media\" target=\"_blank\" rel=\"noopener\">Twitter<\/a> activity.<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2021-11\/aefa971a-1b2b-404c-8b97-26c089c2fcd7.png\"><figcaption style=\"text-align: center;\"><em>VORTECS\u2122 Score (green) vs. IOTX price. Source: <\/em><em>Cointelegraph Markets Pro<\/em><\/figcaption><\/figure>\n<p>As seen in the chart above, the VORTECS\u2122 Score for IOTX spiked into the green on Oct. 20 and reached a high of 70, around seven days before the price began to increase by 377% over the next three weeks.<\/p>\n<p class=\"post-content__disclaimer\">The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision.\n<\/p>\n<p><template data-name=\"subscription_form\" data-type=\"markets_outlook\"><\/template><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/iotex-machinefi-rebrand-backs-200-rally-to-a-new-all-time-high\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;# IoTeX \u2018MachineFi\u2019 rebrand backs 200%+ rally to a new all-time high &#8221; In the past 30 years, the growth of the internet and digital technology has transformed the way the world operates and now artificial intelligence and machine learning continue to shift the balance of power away from physical labor and more toward a&#8230;<\/p>\n","protected":false},"author":1,"featured_media":368070,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjEtMTEvNjE2NzQ4ZTctMmFjOS00MjIyLTliMGQtMmM2NTA5YmFlNzJhLmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74867,88119,91083,74863,74860,74877,99002,74868,95118,80,72672,73785],"class_list":["post-368069","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-altcoin","tag-altcoin-watch","tag-blockchain-game","tag-cryptocurrencies","tag-cryptocurrency-exchange","tag-decentralized-exchange","tag-decentralized-marketplace","tag-defi","tag-nft","tag-games","tag-machine-learning","tag-markets"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/368069","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=368069"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/368069\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/368070"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=368069"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=368069"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=368069"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}