IOST Price Prediction
IOST Overview
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. The IOST ecosystem consists of its own nodes, wallets, and dApps. IOST is based on a next-generation consensus algorithm named ‘proof of believability (PoB)’.
IOST was 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, and SEQUOIA.
IOST has partnered with the topmost corporate for technological as well as performance advancements; major partnerships include LATOKENS, PLAIR, BLOCKFOLIO, COVALENT, ContentBox, and Thesis. Recently, the company 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 the 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.
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Unique Features of IOST
Smart-contract platform technologies are facing tight competition from each other. In such a competitive industry, IOST is trying to maintain its 145th 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 has hosted around 587 million transactions. The DeFi ecosystem of IOST can accommodate stablecoins such as JPYA, HUSD, and USDA. IOST is looking forward to more partnerships in the 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, and 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.
- Microstate 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.
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Current Market Sentiments of IOST
IOST’s price today is trading around $0.006932 with a 24-hour trading volume of $10,635,632 on Binance. The total market cap is $128,826,703, with a circulating supply of 10,636,087 IOST digital coins. The highest price at which IOST coins are traded is $0.1365, which was in 2018. The all-time low of the 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. The developments happening inside the IOST ecosystem got market acceptance, and a sideways trend converted to a bearish trend in 2022.
Today, IOST is trading around $0.006939 with a 1.24% loss 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 the entry.
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IOST Technical analysis
The current price of IOST is trading significantly downwards. The minimum price at which IOST traded for yesterday’s session is $0.006916, and the maximum price is $0.007114.
The latest trend shows that if the price level remains the same, there are chances that the IOST price will lose all of its strength soon. The volume has been very low in the last few trading sessions. Since the prices are forming lower lows, a bearish signal is visible in the chart.
Technical setup, the immediate resistance level is $0.0269. IOST has to cross the immediate resistance level before a price rise. It is a bearish signal and moving toward the support level of $0.006. IOST crypto is currently volatile, and the technical set-up is all set to a significant fall.
Analysis of IOST’s exponential moving average, IOST is way below its 200-day moving average and is also below 50 EMA and 20 EMA.
The major technical indicators, such as the relative strength index (RSI) of the IOST price, show low momentum as it is around 37. The MACD line is just moving with the signal line which shows neutral momentum.
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.
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IOST Price Prediction for 2023-2030
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 2023
The price of IOST for 2023 will be opening at the $0.006 range. The long-term cryptocurrency predictions give hope that it will move up to $0.013 levels by the middle of the year and a maximum rise of $0.016 with an average IOST price of $0.011.
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 $0.015. By 2024, the price of IOST will rise to the maximum price of $0.019 level and the minimum price of $0.0115.
IOST Price Prediction 2025
IOST forecast 2025 is very bullish, and the crypto reaches a maximum price of $0.0259 and will test $0.026
by the end of the year. The IOST forecast indicates the average price for the year will be around $0.0221. 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, and 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 $0.0331 mark. The minimum price level might be around $0.0278. The average IOST price for the year might be around $0.0,301 as per our predictions.
IOST Price Forecast 2027
The price prognosis for 2027 is bullish and the price of IOST will reach around the minimum price of $0.028 and predictions expect it to reach a maximum price of $0.0351 by the end of 2027. Gradually bulls will make an entry which makes IOST a profitable investment. IOST price analysis shows that the coin mostly trading with an average IOST price $0.0312 for the year.
IOST Price Prediction 2028
As per our IOST price prediction, the coin will continue the uptrend, and its maximum price may reach $0.039. While the minimum price may be $0.033. As per the price prediction, it might have an average price of $0.0356.
IOST Price Prediction 2029
The IOST price is forecasted to have an average price of $0.055. As per the IOST prediction for 2025, the expected maximum price is $0.061, and the minimum price is $0.051. The value of IOST for this year is expected to rise steadily.
IOST Price Prediction 2030
Based on our IOST forecast 2030, we expect the token to reach the maximum value of $0.0821, with a minimum value of $0.0651. The average price can be somewhere around $0.0736, with a marginal percentage change for the year 2030.
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Frequently Asked Questions