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IOTX, Ethereum Competitor Surges 150% Within One Week, Overtakes $2,000,000,000 Market Cap

IOTX is the native asset for the open-source blockchain IoTeX. Of course, which is a smart contract platform to power decentralized apps and connect Internet of Things (IoT) devices.

Furthermore, The platform is compatible with Ethereum Virtual Machine (EVM). Thereby, it gives developers a fast way to port their apps over to the IoTeX network.

Notably, IOTX spikes from $0.10 on November 8th to a high of $0.25, which shows gains of 150%. Then, also IOTX also surpasses a $2,000,000,000 market cap.

Currently, IOTX is trading at $0.19, indicating 12% increase from past 24 hours.

More so, Chainlink (LINK) announces last of awarding a grant to Protofire, a blockchain consultancy services provider, to integrate Chainlink oracles into IoTeX.

Lastly, as per Christian Malfesi, Protofire’s director of engineering,

“As Protofire has extensive experience securely integrating Chainlink into multiple blockchains,..”
“we expect that the IoTeX integration will also be seamless and timely.”

“After the Chainlink integration, IoTeX’s developer community can start leveraging…”
“off-chain services and real-world data to build more advanced hybrid smart contract applications.”

Finally, IoTex is also diving into the play-to-earn sector of the crypto economy as it announces partnership with the NFT game PlaceWar.

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