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Price Analysis

IOTA Gains Momentum to Trade at $0.30 in 5 Days

  • IOTA records 25% surge rising from $0.24 to $0.30.

It has not been a good phase for the IOTA token holders for the continued sluggish performance of the coin but, the tide may change soon. IOTA might continue its momentum as the team is making efforts to run awareness campaigns across the globe. The current performance of the coin indicates progressive trends ahead.

IOTA Price Analysis:

IOTA has recorded an uptrend of over 25% in the last 5 days rising from $0.24 to its current value at $0.30 as on September 21, 2019, at 10:11:08 UTC. The coin surged as high as $0.31 in the first 3 days, but then started dipping slowly and hit $0.27 mark. It has gained some momentum since then to trade above $0.30 again.

IOTA Price
IOTA Chart By TradingView

Yesterday, the highest recorded value of MIOTA was $0.31, and lowest was $0.28. The coin may continue to move within this range for the coming week but may cross $0.35 mark as it approaches end.

It has been a slow year for IOTA as it is not able to cross the $0.50 mark yet, but it may soon start trading between $0.30 and $0.50 in the next month. MIOTA has not been able to yield much profit in this year except once when it had crossed $0.48 mark. The situation may improve with the start of next year. It remains to be in the top 20 cryptos globally and can climb up this ladder once the deadlock in pricing ends.

We recommend to start investing in MIOTA token now as the price is low, its long-term benefits are good.

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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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