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Audi appraises its joint-venture with IOTA amid bearish atmosphere – IOTA slides back below 7-DMAs

Audi’s partnership with IOTA has a deal of positive development as the Venture Development Manager at AUDI Denkwerkstatt Berlin, Malte Schönfeld, has posted on his LinkedIn account about the latest development. Schönfeld penned about the joint venture that has been progressing forward stating that “what an awesome experience! The last five months we had a great time at the Audi Denkwerkstatt Berlin, working in cross functional teams with IOTA on a new project. With the focus on enabling trust for the user in e-mobility we pushed a new use case to reality. Stay tuned for further Information.”

The IOTA foundation has been playing a vital role within mobility research and aid-in researching as to how the blockchain solidifies projects with solutions for issues in transportation. Hence, Audi, globally renowned a German automobile company, appears to be conscientious for the designing and manufacturing of a range of cars, both typical family cars and more luxury supercars. They have an international reach and a brand that carries a great deal of quality as they carry along as a subsidiary of the Volkswagen Group. 

As you glance at IOTA price trend, while showing price dips about more than 93 percent from its all-time high, IOTA (MIOTA) is currently trading at $0.2265 levels. Technically, IOTBTC has been showing weakness, shooting star and hanging man patterns pop-up at peaks of rallies to nudge prices below 7DMAs again, while the bears resumes on overbought pressures.

Meanwhile, its collaboration with Audi Think Tank from June this year is moving forward as they bring a new use case of e-mobility into reality. Additionally, Malte Schönfeld acknowledged everybody including IOTA founder Dominik Schiener and Alisa Maas, Head of Mobility and Automotive at the IOTA Foundation among others for “putting so much energy & passion into the project.”

This has the crypto community and IOTA enthusiasts delighted as such fanatics reckons, 

“When fomo hits, it’s gonna be one hell of a trip.”

It has been affirmed back in June, that Audi Think Tank is collaborating with IOTA Foundation in order to investigate Tangle “to construct a mobility ecosystem without any consent.”

Yet another noteworthy thing is that, Audi has recently been reported to invest about 14 billion euros in e-mobility self-driving cars. This $15.9 billion would be invested through 2023 in digitalization, electric mobility, and autonomous driving.

Currency Strength Index: FxWirePro's hourly BTC spot index is inching towards -36 levels (which is mildly bearish), and hourly USD spot index has bearish index is creeping at 132 (bullish) while articulating (at 05:57 GMT). 

For more details on the index, please refer below weblink: http://www.fxwirepro.com/currencyindex

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2019-01-23 15:02:27
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