Today's price action in the cryptocurrency markets remains relatively muted. With most tokens seeing less volatility than we've experienced in some time, this breather is one that may come as a welcome surprise to many.

That said, some tokens are on the move in a big way today. Among the biggest winners in today's session is IOTA (CRYPTO:MIOTA). As of 1 p.m. ET, this Internet of Things (IoT)-focused project has gained 9.6% over the past 24 hours.

This move comes as the crypto project, which operates a system of nodes that confirm transactions rather than a blockchain, nears the launch of its SMR token and Shimmer, the staging network for the IOTA blockchain. This launch is expected to take place on Sept. 28, providing near-term momentum for this top-100 token by market capitalization. 

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Source Fool.com