#InvestorLevelUp

Market Analysis

Momentum Growth: After 500 days of low volatility, IOTA broke out with 120% gains this past week — likely from cascading stop loss liquidations.

Fundamental Factors

Licensing and Fund: IOTA received the first crypto fund license from Abu Dhabi Global Market. A new $100M fund focused on expanding the IOTA ecosystem is a key catalyst.

EVM Compatibility: Full integration planned by early 2024 promises seamless migration of assets/liquidity from Ethereum and other L2s.

IOTA Staking: Launch could reduce circulating supply as new holders stake to earn passive income.

Price Targets and Forecasts

Short-term Conservative Target: $0.38

Medium-term Ambitious Target: $0.90

Long-term Potential: Regain all-time high around $2.50 (10x)

Conclusion

With strong momentum combined with technology milestones on the horizon, IOTA offers top asymmetric upside potential for 2024 among altcoins.