IOTA Drop Takes the Coin to $0.024; Expected Price Recovery Seems to get Delayed

  • IOTA price experiences a steep fall.
  • The upsurge expectations turn thin.

IOTA price drop has been quite disappointing. The coin was expected to move up in the recent upsurge, but it couldn’t catch up. Today, the market is experiencing a pullback. Almost all the coins have started to decline. IOTA has kept the downtrend intact and touching new low.

The price fall was disappointing which also led to a plunge in the Market Cap value of IOTA. If we look at yesterday’s chart, the coin was seen touching a high at $0.248962 and a low at $0.239193.

Current Statistics of IOTA (MIOTA):

Particulars IOTA
Price $0.240302
ROI -62.36%
Rank 18
Market Cap $676,925,345
Circulating Supply 2,779,530,283 MIOTA
24hr Volume $5,891,975

IOTA to USD Price Comparison:

The chart is taken from Trading View on 6th September 2019, at UTC for price analysis.

IOTA Price
IOTA Chart By TradingView

Yesterday, the coin opened with an escalation. The price shifted from $0.247 to $0.249 by 0.77%. The coin started to fall since then. Later, IOTA jumped from $0.239 to $0.241 by 2.13%. The coin closed at $0.243 with an intraday regression of 1.63%. Today, the coin opened at $0.243 but fell immediately. The drop was of 1.32% from $2431 to $0.2398. Later, there was recovery marked in the coin which took the price to $0.245 from $0.239 by 2.27%. Later, IOTA touched a low at $0.237.

IOTA Price Prediction and Conclusion:

IOTA is currently experiencing a bearish trend on the price chart. The coin was dealing with heavy loss at the beginning of the day. However, the market started to improve, and so has IOTA. The coin had marked a great momentum in the first two quarters but unfortunately fell in the first two months of the third quarter. The last month of the third quarter started with a beam of hope. We are anticipating that the coin would recover completely in this month.

According to experts and IOTA Forecast, IOTA is expected to give the best result to the long term traders.

Mehak Punjabi

Mehak Punjabi is a post graduate in MBA with specialization in Finance and has joined CryptonewsZ with a skill building view in the world of cryptocurrency and blockchain. She is dynamic and a quick learner with a hold on financial analysis.

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