Should I buy IOTA right now? Here is my price prediction

Should I buy IOTA right now? Here is my price prediction
фото показано с : invezz.com

2021-7-10 22:57

IOTA MIOTA/USD is quite possibly one of the most unique projects, which serves as a connection between IoT devices.

The data transfer in the IoT ecosystem from and to the linked devices is handled by the network, and it can also execute smart contracts of multi-devices quickly.

This is all powered by the MIOTA token.

IOTA (MIOTA) Price Analysis

To get a better understanding of how the value of the MIOTA token can increase or decrease over time, we need to look at its historical growth to pinpoint the values.

On April 16, we saw IOTA’s recent highest value of $2.53, which marked a huge milestone for the value of the cryptocurrency. On April 25  it dropped to $1.63 but still managed to stay over the $1 mark.

All of that changed on May 23, where it dropped under $1 after a while, down to $0.75.

Now that you have some perspective of the recent historical value of the token, to get some more relevant data, we will be looking at June.

On June 3, IOTA had a value of $1.44. The lowest point it got to throughout that month was on June 22, where it hit its lowest value of $0.66.

Throughout the span of June alone, its value decreased by 50%.

While this proved to be unfortunate for holders of the token, it might have just paved the way for new investors to get big returns by investing in IOTA.

Should you buy IOTA (MIOTA)?

On July 9, IOTA had a value of $0.80.

This is still miles away from the $2 value it comfortably sat at in April, however, it could be the perfect entry point for new investors.

Its trading volume within the last 24 hours has increased by 40%, signaling that the demand and usage of the MIOTA token are higher than before.

An increase in demand such as this one will typically lead to a higher value, as there is a requirement for more MIOTA tokens in the supply.

Speaking of MIOTA’s circulating supply, it is at 2.78 billion MIOTA.

With all of this in mind, we can predict that the price of MIOTA can increase to $1 by the end of July, given its increase in activity and usage.

The post Should I buy IOTA right now? Here is my price prediction appeared first on Invezz.

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iota devices iot ecosystem data transfer linked

Источник: invezz.com

iota devices → Результатов: 28


IOTA Price Prediction 2020 | 2025 | 2030 – Future Forecast For IOTA Price

IOTA Intro IOTA was started to provide distributed ledger technology for the machines and internet-of-things (IoT) space where small connected devices regularly share data. Because these machines and devices are generally specialized to be low power and perform only specific functions IOTA does not use a traditional consensus mechanism like proof-of-work or proof-of-stake nor does […]The post IOTA Price Prediction 2020 | 2025 | 2030 – Future Forecast For IOTA Price appeared first on CaptainAltcoin.

2019-12-17 23:01


IOTA Price Prediction 2019 & 2020 – Future Forecast For IOTA Price

IOTA Intro IOTA was started to provide distributed ledger technology for the machines and internet-of-things (IoT) space where small connected devices regularly share data. Because these machines and devices are generally specialized to be low power and perform only specific functions IOTA does not use a traditional consensus mechanism like proof-of-work or proof-of-stake nor does […]The post IOTA Price Prediction 2019 & 2020 – Future Forecast For IOTA Price appeared first on CaptainAltcoin.

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Hackster and the IOTA Foundation have teamed up to launch an exciting new contest called Machine Money: Empowering Devices with Wallets with $3,000 worth of prizes being awarded. The contest revolves around integrating a new distributed ledger technology called IOTA into an Internet of Things [IoT] device so that any device has the ability to […] The post Hackster and the IOTA Foundation have joined hands appeared first on AMBCrypto.

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IOTA Price Prediction for 2019 – What is IOTA’s Future Outlook?

IOTA was started to provide distributed ledger technology for the machines and internet-of-things (IoT) space where small connected devices regularly share data. Because these machines and devices are generally specialized to be low power and perform only specific functions IOTA does not use a traditional consensus mechanism like proof-of-work or proof-of-stake nor does it use […] The post IOTA Price Prediction for 2019 – What is IOTA’s Future Outlook? appeared first on CaptainAltcoin.

2019-3-15 00:15


IOTA (mIOTA) Price Prediction for This Year, 2020 and 2025: Will the Internet of Things Coin Value Increase?

Any list of the top 20 most successful or popular cryptocurrencies will have IOTA sitting there comfortably. One of the reasons for this stability is that IOTA might sometime in the near future, be the underlying background structure for most devices that will be adopted by the concept of the Internet of Things (IoT). However, […]

2019-3-12 19:57


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IOTA Build a Proof-of-concept for Self Balancing Smart Grids

On the IOTA blog, Harm van den Brink discussed a proof of concept they had built for a smart self-balancing grid using IOTA. Letting Devices Take Responsibility The proof of concept designed by den Brink lets devices connected to a smart grid “decide if they want to help balance or not” and if they do they […] IOTA Build a Proof-of-concept for Self Balancing Smart Grids was originally found on Cryptocurrency News | Blockchain News | Bitcoin News | blokt.com.

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2018 & Beyond For IOTA

IOTA is a crypto coin, established in 2015 and designed for the Internet of Things (IOT). There are many examples of IOT on the market, with the most common being the Amazon Echo. IOT differs from Bitcoin and Ethereum by using Tangle instead of Blockchain and doesn’t face any scalability issues due to its high transaction speeds which increase as the number of IOTA users increases.

2018-8-27 17:00


IoT Chain : The IOTA Killer

IoT Chain technology “will result in an economy of sharing for Internet of Things (IoT) devices in a decentralized and energy efficient environment while producing a wealth of valuable user data which can be used as fuel for the development of AI with users rewarded for providing this fuel.

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