Iota is comfortably seated as number 4 on coinmarketcap.com and in the past 24hrs have done a trade of over $2 billion. Is this another pump scheme that will end up as a pile of rubbles or a solid coin that will stand the test of time?
I would say it is a fishy one.
IT will probably go longer then the usual pump and dump, but in the long run it is possible to go down...
I notice a news couple of days ago, about a phone that will be both only with it, so that probably is one of the reasons of the pump.
Didn't like the news, as the phone seemed not that real deal and more like a news to pump the token up.
I have seen it pumped and dumped in the past, so I stay out of it, as there are not much $$$ I can risk in there and the profits won't be that big anyway...