After XLM pumped more than 20% in the past week, IOTA crypto quickly followed suit with its ‘Rebase’ network upgrade right around the corner – let’s check it out.
The cryptocurrency market continues to show signs of recovery as Bitcoin (BTC) has climbed 2.1% in the past 24 hours and is now trading for around $96,750.
With its climb back toward $100,000, BTC has broken through the $95,000 resistance, often proving a difficult psychological level.
With BTC leading the way, altcoins are also showing signs of life, none more so than Stellar (XLM), as it is up over 24% in the past 7 days. Hot on its heels is IOTA , another top gainer, up more than 18% over the last week.
Top performers of 2025 so far (top 100)$XLM +27%$IOTA +22%$TAO +19%$ALGO +19%$XDC +18% pic.twitter.com/lPIEqnwDBO
— Dom (@traderview2) January 2, 2025
IOTA Has Historically Followed With Its Own Green Candle After An XLM Pump
XLM pumping has historically led to IOTA following suit. Both coins are seemingly tied closely together when it comes to price action. Stellar’s gains are seemingly due to the growing interest in the decentralized finance (DeFi) space and cross-border payment systems.
The nearly 25% pump from XLM makes it the 17th largest digital asset by market cap, currently at nearly $13.5 billion. On the other hand, IOTA’s smaller gains have it as the 104th largest token with a market cap of around $1.6 billion.
IOTA’s unique focus on the Internet of Things (IoT) and sustainable blockchain solutions has attracted investors’ attention. Its relatively low market cap and niche offering mean it offers a higher risk-to-reward (R:R) ratio than the aforementioned XLM.
Why Is IOTA Pumping? Multiple Bullish Catalysts On The Horizon
.#IOTA Rebased offers Closed Loop Tokens with built-in compliance!
Advanced programmability and adaptable compliance controls make them perfect for #RWA use cases across various regulatory standards. #Blockchain #Compliance pic.twitter.com/okLknMjuld
— IOTA (@iota) January 2, 2025
The primary reason for the resurgence of IOTA is due to growing hype surrounding its upcoming ‘Rebased’ network upgrade. Although no official date has been given, the IOTA team has teased that it is just around the corner.
This network upgrade will see the IOTA Foundation rebasing IOTA’s Layer 1 (L1) to introduce a protocol with full decentralization. From its official announcement in November 2024, the team announced that the upgrade would include L1 programmability with MoveVM and EVM support, 50k+ TPS (transactions per second) scalability, and IOTA staking with 10-15% APY.
This incoming network upgrade will offer a faster path to a new mainnet than the previous IOTA 2.0 plans. A governance vote was cast to decide whether to adopt the Rebase plans or continue the current network. The vote was unanimously decided in favor of the Rebase upgrade.
BONUS: Meme Index (MEMEX) Presale Shoots Past $1.5 Million In Funding As Whales Start To Take Notice
Meme coins are showing signs of life once again, with their overall market cap shooting up over 5.5% to $117 billion. This rejuvenation of the meme coin space is evidenced by the early success of the new meme coin index token, Meme Index (MEMEX).
In just over a week of being live, MEMEX has raised over $1.5 million in presale funding. The early hype for MEMEX is bullish for this ambitious project as it looks set to be one of the biggest presales of 2025.
Meme Index isn’t just another meme coin that offers zero utility. Holders of the MEMEX token can choose to invest in 4 carefully curated meme coin indexes. Each category offers different levels of risk.
A Breakdown Of The Four Baskets:
Meme Titan Index: A collection of the top 10 meme coins in the world. The Meme Titan Index includes the top 10 meme tokens, such as DOGE, SHIB, and PEPE. Although these safer plays may not offer the 1,000x potential of microcaps, they still hold the possibility for significant gains.
Meme Moonshot Index: This basket has slightly more volatile meme coins than the Titan Index. It focuses on tokens with rapidly increasing market caps, the super-hot memes, and relevant memes. These tokens offer higher upside potential than the Titan Index but have an increased risk factor.
Meme Mid Cap Index: Memes in this index could quickly reach Moonshot or even Titan levels. This index targets tokens with a market cap between $50 million and $250 million. If these tokens break the $1 billion mark, investors can expect potential returns between 4x and 20x.
Meme Frenzy Index: This one is for the true Degens. Not for the faint-hearted, anyone who likes to take huge risks in search of that 1000x lottery ticket will feel at home with the meme frenzy index. To put it simply, high-risk high-reward. While many tokens in this basket may fail, it only takes one strong performer to boost the index’s overall value significantly.
There are less than 24 hours remaining before the presale price of MEMEX increases. It will rise from the current price of $0.0148639 to $0.0149234. As a result, there is little time left to secure a bag of this super-hyped token at these low prices.
The Meme Index team has built a staking protocol just for the presale, with an incredible 1500% APY on offer for those looking to earn passive income while the presale rolls on.
To stay up-to-date on all things MEMEX, join the community on Telegram and X.
EXPLORE: PEPE Spikes 18% After Elon Musk Frog Coin: Are KEKIUS And WEPE The Next Billion Dollar Frogs?
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