IoTeX (IOTX) price quadrupled after Amazon integration

With the prevalence of mobile devices and easier access to the internet, the value of data has increased more than ever.

Consequently, it became important to organize data and control the data shared by users themselves.

IoTeX (IOTX) is a project that has attracted great attention in the last five weeks. It aims to solve problems such as scalability, privacy, and high cost that are currently challenging the mass adoption of the Internet of Things (IoT) ecosystem.

4-hour chart for the IOTX / USDT pair. Source: TradingView

Cointelegraph Markets and TradingView data shows that the IOTX price has increased by 300 percent since February 1, from around $ 0.011, to an all-time high of $ 0.0443 on March 10, when the transaction volume increased 130 percent.

Partnerships and integrations show increased adoption

Statements made via the IoTeX Twitter account include information that project members are working to find new projects and communities to integrate for the expansion of the IoTeX ecosystem.

The project, which entered March quickly, is in the PankcakeSwap (CAKE) DeFi protocol listed. Plans for trading IOTX on Binance Smart Chain along with the Ethereum (ETH) network and integration with Polkadot (DOT) have already started.

On March 2, the team joined the Amazon Web Services (AWS) Partner Network and AWS China to improve Ucam and Pebble Tracker technologies. announced.

On March 7, IoTeX partnered with the Unifi Protocol and offered a grant to the project “to ensure IoTeX users have secure, reliable and online access.” it was announced.

After the partnership with Unifi, the interest in the project increased and the transaction volume and price increased.

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