|Price Change 24H||-2.12%|
|Price Change 7D||-4.56%|
|Market Cap||$ 779,028,783|
|Circulating Supply||22,908,168,888 IOST|
|Trading Volume||$ 80,478,592|
The Overview of IOST Network
IOST stands for Internet of service: the next generation. It is a very fast decentralized blockchain network for high throughput transactions. The project aims to provide a self-operating, trustless network, which maximizes the value of participants and meets security and scalability needs.
IOST blockchain technology is introduced to provide high scalability and secure transaction in the crypto and blockchain industry. IOST claims that it can execute 100000 secure transactions per second with ultrafast blockchain. IOST ecosystem consists of its own nodes, wallets, Dapps. IOST is based on a next-generation consensus algorithm named ‘proof of believability (PoB)’.
IOST has launched in January 2018 by Terrence Wang, Justin Li, Ray Xiao, Sa Wang, Jimmy Zhong, and Kevin Tan. The major investors of IOST include node capital, Zen Fund, Nirvana capital, Alpha coin fund, Huobi, Sequoia, LINKVC, Matrix partners, INBlock chain, metropolis VC, SEQUOIA.
IOST has partnered with topmost corporate for technological as well as performance advancements, major partnerships include LATOKENS, PLAIR, BLOCKFOLIO, COVALENT, ContentBox, Thesis. Recently, the company had partnered with Mycontainer to ensure ease of staking experience for its investors. On October 4, IOST announced its membership in Japan Blockchain Association. It has a partnership with Play2Earn project Zodium to increase NFT and blockchain game growth.
IOST is tremendously widening its partnerships in all the related areas to become a pioneer leader in the smart contract industry. The native currency of the IOST platform is called the IOST token, which can be used to pay fees on the network.
Unique Features of IOST
Smart-contract platform technologies are facing tight competition from each other. In such a competitive industry, IOST tries to maintain its 24th position as per the Center for Information and Industry Development (CCID) global index for the fourth consecutive time among the 37 competitors.
IOST has a mainnet with zero downtime, which had hosted around 587 million transactions. The DeFi ecosystem of IOST can accommodate stable coins such as JPYA, HUSD, and USDA. IOST is looking forward to more partnerships in upcoming years.
The ‘proof of believability’ guaranteed liveliness and safety on fast transactions. IOST nodes ensure decentralization and self-governance. Based on company data, currently, IOST has 571877 accounts, 491 nodes, 1196 contracts are there which is increasing day by day.
As per the IOST whitepaper, the platform proposes unique features such as,
- IOST has efficient distributed sharding (EDS) an innovative sharding system.
- TransEpoch- which helps to maintain transaction operability during epoch transitions.
- Atomix – which is an inter shard atomic commit protocol.
- Proof of believability: next-generation consensus protocol with the believable first approach.
- Micro state block-that helps to minimize bootstrapping cost and storage for validators.
All these together make IOST a hope for the future blockchain industry as well as the crypto market.
Current Market Sentiments of IOST
IOST price today trading around $0.050 with a 24-hour trading volume of $66,179,389 on Binance. The total market cap is $920,087,001, with a circulating supply of 18.10B IOST digital coins. The highest price at which IOST coins are traded is $0.1365 which is in 2018. The all-time low of IOST price is noted at $0.001562 which is in March 2020.
Historical data on the monthly chart shows that after the rise of the initial coin offering IOST traded sideways for a long time. With the ongoing developments happening inside the IOST ecosystem get market acceptance and sideways trend converted to a bullish trend from the starting of 2021. The price change was $0.00420 to $0.09313. The initial three months of 2021 have given 100% return to its investors.
Then reversal pattern has appeared on the weekly chart, IOST after a pullback, IOST has taken support at $0.02252 again IOST managed to reach the resistance level $0.0545, failed to cross the level. The market sentiments for the last month are negative but for the past few days price hanging between $0.046 to $0.0626. It gave a loss of 3.27% last week.
Today, IOST is trading around $0.0507 with a 0.96% gain for the session. The market shows a lot of indecisiveness in the price movement. Traders should be cautious about entry and profit booking on IOST during this time. Investors can wait for an entry above $0.0600 levels.
IOST Technical analysis
The current price of IOST is trading upwards. The minimum price at which IOST traded for yesterday’s session is $0.05003 and the maximum price is $0.05147.
Technical analysis on the daily chart shows a cup and handle formation, but the handle is not completed and moving on a sideways trend. If the handle formation is completed IOST’s price will bounce to the level of $0.088.
The triangular pattern also shows that there are predictions, that the IOST price will come back to the last swing high soon. But the volume is very low in the last few trading sessions. Since the prices are forming lower highs, a bearish signal is visible in the chart.
Technical set up, the immediate resistance level is $0.06885. IOST has to cross the $0.0798 resistance level before a price rise. It is a bearish signal and moving towards the support level of $0.0413. IOST price drop shows sell IOST for the next week because, if the crypto market is not favored or no news is backed up, then there is no chance for a sudden price rise. But for the medium-term, the technical set-up is all set to a short-term rise anytime soon.
Analysis of IOST exponential moving average, IOST is way above its 200-day moving average but has not crossed 50 DEMA or 20 DEMA.
The major technical indicators such as the relative strength index (RSI) of IOST price shows moderate momentum as it is around 43. The MACD line is just moving with the signal line but not able to cross it which has also not given any confirmation of the trade. IOST trades neutrally for the last week with a low trading volume. Upcoming sessions will be a price hanging or in the same range-bound for the next two to three sessions. But the IOST price forecast system shows that a bounce and break out from this level is expected soon for completing cup and handle formation.
IOST Price Prediction for 2021-2026
The long-term price forecast from our deep IOST price analysis indicates the fact that IOST’S future has a lot of hope for investors. The long-term price forecasts are as follows:
IOST Price Prediction 2021
IOST price prediction for 2021 shows the next two-month traders should be cautious on the movement of IOST. The price predictions are bullish and by the end of the year, the price of IOST will reach around the minimum price of $0.05643 and predictions expect it to reach $0.075488 by the end of 2021. The average IOST price for the year is $0.0544.
IOST Price Forecast 2022
The price prognosis for 2022 is bullish and the beginning of the year is trading around $0.05624. Gradually bulls will make an entry which makes IOST a profitable investment. And in the middle of the year, the IOST price is expected to cross $0.0784. The upside momentum may push IOST price to the maximum price level of $0.089 during the year. IOST price analysis shows that the coin mostly trading with an average IOST price $7 to $8 range for the year.
IOST Price Prediction 2023
The price of IOST for 2023 will be opening at the $0.0893 range. The long-term cryptocurrency predictions give hope that it will move up to $0.122 levels by the middle of the year and a maximum rise of $0.125 with an average IOST price of $0.100. It will almost double the current price once it crosses $0.100.
IOST Price Prediction 2024
IOST forecast for 2024 is where the investors are looking to buy IOST, with an increased market cap. IOST will open with an average price of $0.1233. By February 2024, the price of IOST will rise to the maximum price of $0.1435 level and by May, the IOST price forecast will move to $0.16. The maximum price will be $0.167.
IOST Price Prediction 2025
IOST forecast 2025 is very bullish and the crypto reaches a maximum price of $0.196 and will test $0.199 by the end of the year. IOST forecast indicates the average price for the year will be around $0.1855. with bullish indications for the year, there is no major price drop. IOST price predictions are comparatively stable for 2025. By this time, IOST may increase the market ranking and expect huge growth potential, wide acceptance among the competitors.
IOST Price Forecast 2026
IOST would have gained extensive acceptance, and it has the potential to be one of the major players among top blockchains by 2026. Based on our long-term IOST price forecast, the coin price might cross the $0.2 mark. The minimum price level might be around $0.175. The average IOST price for the year might be around $0.19 as per our predictions.
Frequently asked questions
Is IOST a good investment?
IOST is upgrading day by day. IOST already partnered with more than 16 blockchain companies and registered in most of the cryptocurrency exchanges. This pushes the minimum price level of IOST in the future. Our analysis indicates that the IOST is a profitable investment option among virtual currencies for long-term investment.
Can I obtain IOST tokens based on the above analysis?
The cryptocurrency market is known for its volatility, all the long-term chart shows bullish IOST price prediction and says that IOST is a good investment. But the future price depends on the overall crypto market condition, above said data and analysis is for informational purpose, own research and proper investment advice is necessary for a good return.
Where can I buy IOST?
IOST is available in all the major cryptocurrency exchanges. You can execute your IOST crypto purchase in Upbit, Binance, BITTREX, FMFW.io, HitBTC, CoinEx, LiveCoin, Huobi Global, MANDALA exchange, WazirX, Coinbene, crypto.com, Bitfinex, Gopax.
Where will IOST reach within 5 years?
IOST price prediction 2021 is a bullish signal for the rest of this year. Over the next five years, the minimum price of IOST is expected to reach at $0.200 levels. If the cryptocurrency market supports the IOST token, then IOST price prediction can be expected to go beyond this level also.