IOTA Price Prediction

Due to the growing popularity of big cryptocurrencies, such as Bitcoin and Ethereum, we often do not pay attention to other digital assets. However, some of them may be more reliable and profitable. Such an example is the IOTA cryptocurrency. In this article, discover the latest IOTA price predictions, the prospects, and the characteristic features of this cryptocurrency.

IOTA Overview

IOTA Prediction Table

IOTA Historical

What Is IOTA?

IOTA (MIOTA) is a smart contract platform that has fundamentally redesigned distributed ledger technology. Its innovative quantum-secure protocol, Tangle, enables unique new features, such as zero transaction fees, infinite scalability, fast transactions, secure data transfer, and many others. This digital asset offered users the advantage of fixed money at no inflationary cost. 

The IOTA project was launched back in 2016. It is specifically designed to process and confirm online transactions between devices and machines connected to the Internet. In other words, it stores and executes online transactions in the IoT ecosystem. The project is aimed at supporting the Internet of Things, the machine economy, and the digital transition into the Metaverse. It is important to note that IOTA, unlike most cryptocurrencies, does not work with blockchain. Instead, it interacts with a registry, also known as IOTA Tangle.

IOTA has a rich history full of ups and downs, so we wrote a special article on “What is IOTA?”

IOTA Tangle does not follow a straight-line chain, and that’s how it actually differs from the blockchain. However, the fully decentralized platform follows the P2P (peer-to-peer) protocol. The DAG (Directed Acyclic Graph) technology was used for its development. 

What are the features of IOTA? First of all, the developers abandoned the familiar but heavy blockchain in favor of Tangle’s unique technology. If blockchain technology is a sequential chain of blocks, and any branches are considered forks, then Tangle is a branched system that is constantly evolving in different directions. This technology of Tangle acts as a system of nodes wherein each new transaction confirms two previous ones. But let’s move on to the topic of the Internet of Things and, eventually, to IOTA price predictions.

What Is the Internet of Things?

IoT is a network of devices connected to the Internet and equipped with electronic chips for data transmission and processing. What does it look like in practice? For example, the refrigerator automatically defrosts when you press a button on your smartphone. Similarly, a fitness tracker measures the physiological parameters of your body during a workout and sends reports to your iPhone. Most of the existing technologies with the prefix “smart” belong to the category of IoT. 

In 2015, Norwegian entrepreneur David Sønstebø gathered an initiative group of developers in Germany. Together they founded the IOTA Foundation and conducted an ICO to attract investors to their unusual startup.

So, does IOTA stand for “Internet of Things Asset”? No! Iota is the ninth letter of the Greek alphabet to implicate the smallest unit — a micropayment. 

However, IOTA is closely intertwined with the Internet of Things and aims to create a convenient means of payment to implement its futurological concept. 

IOTA Price Analysis

Price analysis affects IOTA price predictions greatly. Back in 2016, the IOTA Foundation acquired its investment fund and established business relations with potential investors. Developers focused on large corporations that are more interested in developing technologies for the IoT.

Bosch and Cisco are interested in such technologies. Although industrial giants initially considered Ethereum as a platform for IoT, it turned out that it did not provide the functionality they needed. Then they thought of collaborating with HyperLedger, but the platform did not suit them with their excessive closeness. Despite this experience, they still liked IOTA so much that they invested in its development.

IOTA Price History

In the fall of 2017, the IOTA Foundation management announced plans to develop particular processors for IoT that could process thousands of transactions simultaneously. Microsoft has immediately become interested in this project. As soon as the companies signed a cooperation agreement, the price of IOTA increased by 44% in just a day. In December, the value reached a historic high of $5.69. 

In 2020, the price of MIOTA had two peaks, reaching $0.34 in February and rising to $0.4 in August.

At the beginning of 2021, there was a reversal of the cryptocurrency market from a bullish trend to a bearish one. As a result, a strong pullback of the IOTA (MIOTA) price to $1.5-$2 occurred. In June 2021, the coin appeared on the crypto market at the rate of $0.63, but IOTA investors were in no hurry to show their confidence. Therefore, the MIOTA price dropped to $0.43 in three days and continued to fall further. And what about IOTA price predictions and price changes?

IOTA Price Prediction

Now, let’s learn about the recent history of IOTA price predictions from the most popular platforms.

With the Internet of Things becoming increasingly powerful, many crypto analysts foresee potential growth for the MIOTA price. However, cryptocurrencies are notoriously volatile, and MIOTA is no exception. So if you’re considering adding the asset to your portfolio, it’s important to do your own research to stay on top of the cryptocurrency trends.

Market Prediction for IOTA by Experts 

When discussing IOTA’s market sentiments, it is worth underlining that, in general, crypto experts and community participants are optimistic about the prognosis of MIOTA. According to most of the IOTA price predictions by crypto experts and analysts, the short-term forecast is mainly bullish.

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What will IOTA be worth in 2025?

Most experts provide optimistic estimates — for example, Wallet Investor states that IOTA prices will be as high as $2.23 in 2025.

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IOTA FAQ

Does IOTA have a future?

Developers are constantly working on expanding partnerships. They are in search of various areas of technology application. Prior to the project, one of the creators of IOTA had already worked in the field of the Internet of things.

Will IOTA go back up?

Which factors affect the final long-term IOTA forecast? No one knows. Please do your own research before you invest — after all, it’s your own risk. IOTA seems to be a rather promising coin as far as price prediction goes. It offers a new mechanism for distributed Tangle registers, thanks to which transactions occur for free while being confirmed by each network participant.

In terms of price, IOTA has an outstanding potential to reach new heights in the future. It is predicted that the cost of MIOTA will increase. According to technical analysts, crypto experts, and business analysts, IOTA might reach the highest price of $40.63 by 2030.

Is the IOTA coin worth buying?

IOTA is one of the most promising projects ever created in the crypto sphere. The idea behind it is just perfect, and the price prediction is optimistic. The question is in its realization. However, IOTA barely has any problems. So yes, IOTA is definitely worth buying.

Can you make money with IOTA?

IOTA’s current price prediction is constantly changing, and it primarily depends on the number of sellers and buyers on crypto exchanges and the balance of supply and demand. You can judge the purchase and sale volumes of MIOTA by the daily trading volume, which can also give an idea of the current demand for the token. Overall, the IOTA price prediction is optimistic, and the IOTA crypto coin’s past performance was good. So, it’s safe to say that you can make money with IOTA.

Is IOTA the same as MIOTA?

Yeah, MIOTA means “megaIOTA units.” 1 MIOTA equals 1,000,000 IOTA.

Is IOTA Ethereum based?

No, IOTA has a different concept than blockchain platforms like Ethereum: it was developed on a new platform called Tangle.

Is IOTA staking live?

This article is dedicated to the IOTA forecast. If you’d like to know for sure whether IOTA staking is live now, please head on to IOTA’s official website. The developers of the cryptocurrency make announcements for each season of staking.

Can you mine IOTA?

It’s impossible to mine IOTA tokens in a traditional way, like Bitcoin. However, the IOTA team has recently introduced staking. To learn more about it, please head on to our corresponding blog page. This IOTA forecast is just one article in the sea of lore and IOTA news!

The inability to mine has its own advantages. When it comes to Bitcoin, you pay miners to confirm each transaction. The IOTA network does not have miners, which means that no one needs to pay. There are no commissions in the system at all. Therefore, IOTA is the best option for microtransactions. In networks with a high commission, including Bitcoin, the lion’s share simply burns out during the transfer.

Is IOTA better than Bitcoin?

In a way, it is. Bitcoin is more valuable, of course, but it requires a lot of energy and electricity to mine. Meanwhile, there is no mining involved in the IOTA coin generation. Keep on monitoring the IOTA / MIOTA price prediction to know whether trading IOTA will become more beneficial than trading Bitcoin.

Disclaimer: Please note that the contents of this article are not financial or investing advice. The information provided in this article is the author’s opinion only and should not be considered as offering trading or investing recommendations. We do not make any warranties about the completeness, reliability and accuracy of this information. The cryptocurrency market suffers from high volatility and occasional arbitrary movements. Any investor, trader, or regular crypto users should research multiple viewpoints and be familiar with all local regulations before committing to an investment.