IOTA Market Update: Pollen v0.2.2 records over 10,000 TPS, IOT/USD falls below $0.30

IOTA Pollen minor version 0.2.2 has come with several improvements.
IOTA noted that the new Pollen version achieved over 10,000 transactions per second.
Pollen v0.2.1 handled only up to 1,500 TPS.

As per a recent tweet by IOTA, the new Pollen minor version 0.2.2 comes with several improvements. After a synchronization process test, the firm found that the new Pollen version achieved over 10,000 transactions per second (TPS).

The new #Pollen v0.2.2 has major improvements in the solidification process. With just these improvements in the synchronization process, we registered TPS of over 10k, more than 6X faster than Pollen v0.2.1. Stay tuned for future updates! https://t.co/eEb5YY7rdg #IOTA pic.twitter.com/hDwwcM9dmE
— IOTA (@iotatoken) July 28, 2020

According to an earlier BTCManager report, the Pollen v0.2.1 handled up to 1,500 TPS, which was a significant improvement compared to the previous mainnet. According to a blog post published recently, the latest upgrade has improvements in different areas. Message and transaction validation saw an update that includes signature validation before issuance. The maximum transaction input has also been changed in the new upgrade.

In addition to Pollen, IOTA’s Chrysalis also witnessed a peak performance in TPS. According to Dominik Schiener, IOTA co-founder, Chrysalis crossed the 1,000 TPS milestone. Schiener also noted that transactions within the network took 10 seconds to be verified.

IOT/USD daily chart

IOT/USD bears have stayed in control for the second straight day, having already taken the price down from $0.301 to $0.2971 in the early hours of Saturday. The MACD shows sustained bullish momentum. The RSI, which was hovering at the edge of the overbought zone, has dipped down.

IOT/USD has one strong resistance level at $0.305. On the downside, we have four healthy support levels at $0.279, $0.2665 (SMA 20), $0.255 and $0.244 (SMA 50).

Key levels

IOT/USD

Overview
Today last price	0.29666
Today Daily Change	-0.00357
Today Daily Change %	-1.19
Today daily open	0.30023

Trends
Daily SMA20	0.26409
Daily SMA50	0.24258
Daily SMA100	0.22213
Daily SMA200	0.21787

Levels
Previous Daily High	0.30284
Previous Daily Low	0.29401
Previous Weekly High	0.30525
Previous Weekly Low	0.2547
Previous Monthly High	0.30525
Previous Monthly Low	0.22143
Daily Fibonacci 38.2%	0.29738
Daily Fibonacci 61.8%	0.29947
Daily Pivot Point S1	0.29521
Daily Pivot Point S2	0.2902
Daily Pivot Point S3	0.28638
Daily Pivot Point R1	0.30404
Daily Pivot Point R2	0.30786
Daily Pivot Point R3	0.31287

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