Price Analysis

IOTA (MIOTA) Predictions: IOTA’s Partnership with Austin Transportation will Make the Bull Run Even Faster

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IOTA (MIOTA) is a cryptocurrency backed by blockchain technology which records transactions between the machines using IoT (Internet of Things). It uses a directed acyclic graph (DAG) system, which helps the transactions to be secure and anonymous. IOTA has been set up with no profit motive, and it offers unlimited scalability of the transactions. It facilitates value transfers between the machines with minimal cost.

Current Statistics-

IOTA

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  • IOTA (MIOTA) is the 16th largest crypto coin in the market.
  • The ROI (Return on Investment) stands at negative 53.11%.
  • A total of 2,779,530,283 MIOTA coins are in current supply.
  • The market cap of IOTA as on 2nd May 2019 at 02:04 UTC is 831,368,612 USD.
  • The value of each coin is 0.299104 USD and 0.00005544 BTC.
  • The current 24h volume stands at 21,737,354 USD at the same UTC.

Comparison-

IOTA (MIOTA) started the year with 0.35 USD value, which was comparatively higher if crypto winter is considered. But the growth rate was missed due to many instances of ups and downs over a short span of time. The lowest point of IOTA was on February 06th at 0.24 USD. However, the highest rate of growth was seen after 1st April. The market cap of 2nd April was 949,129,298 USD. And the value of each coin was 0.341471 USD. The market cap has decreased by 12.4% in these 30 days, and the value of coin also has deflated by an equal 12%.

Prediction-

The recent automobile deals of IOTA have been pushing the price to the upper level. The current price is now hovering around 0.29 USD to 0.3 USD. It has been increased from 0.27 USD in just 2 days. We predict the coin to reach as high as 0.37 USD before facing a resistance. Further, it may breach the 0.4 USD target as well. This will happen over the next month. Our long term and medium-term outlook are bullish because of the recently inked deal with Jaguar Land Rover. By the end of 2019, it should go past 1 USD mark easily. And by the end of 2020, the value should be passed 5 USD.

Conclusion-

Recently IOTA has declared a partnership with Austin Transportation, and they will jointly develop an Interoperability Ecosystem. And the latest deal with British Automaker has already started showing the results on its value. These things will work like a charm for IOTA. We advise potential investors to lock in buying positions now. The value is likely to rise soon, giving them a minimum of 100% profit over their investment.

David Cox

David is a finance graduate and crypto enthusiast. He projects his expertise in subjects like crypto and Blockchain while writing for CryptoNewsZ. Being from Finance background, he efficiently writes Price Analysis. Apart from writing, he actively nurtures hobbies like sports and movies.

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