Price Analysis

IOTA (MIOTA) Price Analysis: IOTA’s 1 USD Mark to Realize Soon

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IOTA (MIOTA) has been created to become a leader in the crypto market in the IoT sphere. The IOTA (MIOTA) coin is basically based on IoT related payment and settlement system. It is a distributed ledger with the DAG (directed acyclic graph) system. The DAG (directed acyclic graph) system is used to transact and record interactions between the machines. IOTA (MIOTA) is the brainchild of a non-profit organization with German links. It also claims of supporting tangle technology which gives the coin infinite scalability, and it also makes every transaction done on this platform free of cost.

IOTA chartWith a negative 43.41 % of ROI (Return on Investment), the IOTA coin is the 15th largest crypto coin in the market. The maximum supply and the current circulating supply are the same for IOTA coin, which is 2,779,530,283 MIOTA. The current market cap of IOTA coin is 1,002,584,645 USD and the value of each coin on 8th April 05:14 UTC is 0.360703 USD. In terms of BTC, it stands at 0.00006822 BTC, and the 24 h volume rests at 26,492,163 USD at the same UTC. The value of each coin since the starting of this year has been traded around 0.3 USD.

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The last week’s growth has been the highest for IOTA in 2019. It has gained around 20 % in this duration. The value of market cap on 08th March was 778,690,433 USD. The value of each coin in terms of USD and BTC were 0.280152 USD and 0.00007159 BTC. The current market cap is 28 % of the market cap one month back. And the value of each coin in terms of USD has grown by 28.75 % in the last one month. But the past month has also experienced some fall in the second week. However, it was for a shorter period of time.

Over a period of 2 months, IOTA has grown by 25 % approximately. Looking at this growth rate, the investors should set the new target at 0.42 USD. This figure may be reached in a week or two. But this quarter may see high growth. Short term investors should aim at 0.6 USD for this quarter, and the chances of the coin reaching 1 USD also seem very high. For long term coin holders the profit percentage can reach more than 250 % by the end of this year. But, IOTA is not going to experience a hike the whole year. It will eventually fall during some weeks to get the momentum again.

Scott Cook

Scott Cook got into crypto world since 2010. He has worked as a news writer for three years in some of the foremost publications. He recently joined our team as a crypto news writer. He regularly contributes latest happenings of crypto industry. In addition to that, he is very good at technical analysis.

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