IOTA is gaining traction among institutional investors, according to co-founder Dominik Schiener. The interest is partly driven by the TWIN initiative, which focuses on digitizing supply chains globally. Schiener is optimistic about replicating the 2017 success when IOTA's price peaked at $5.69, citing potential government adoption and institutional purchases. The recent 'IOTA Rebased' upgrade aims to modernize the network's architecture, enhancing its appeal for institutional and enterprise use. Analysts predict that with improved fundamentals and a possible altcoin season, IOTA's price could rise to $1 or $2. Currently, IOTA is trading at approximately $0.1657, with a market capitalization of nearly $680 million.