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Price Analysis

IOTA (MIOTA) Price Analysis: IOTA’s Tangle Is Your Best Bet For This Month

The world of cryptocurrencies is evolving at a much faster pace. Some of them have secured their position firmly and quite rightfully so owing to their innovative features & seamless integration of other technologies within their frameworks. IOTA is one such Cryptocurrency for the new economy. Built on the DAG system (Directed Acrylic Graph), the currency is not based on blockchain but instead has introduced Tangle, a distributed ledger, empowering the Internet of Things (IoT). The currency boasts some unique features including feeless transactions, data integrity, high-level security, and scalability. IOTA, founded by David Sonstebo along with Sergey Ivancheglo, Dominik Schiner & Serguei Popov, aims to redefine the future of automated devices and has already started gaining momentum in the right direction.

Current Statistics:

IOTA Price ChartCurrently, IOTA (MIOTA) is ranked sixteenth in the CoinMarketCap top 100 cryptocurrencies list. The currency was trailing Bitcoin SV and Tezos with a nominal marginal difference and placed above NEO & Ethereum Classic. The market cap is $860,964,058 USD, price is trading at 0.309 USD & 0.00005898 BTC and 24 h volume reached at 13,607,367 USD as on April 19,219 at 13:24:01 UTC. The ROI was recorded at -51.40%.

Comparison:

On March 20, 2019 at 05:34:01 UTC, the price was recorded at 0.297 USD & 0.00007314 BTC, market capital was $827,887,551 USD and 24 h volume was 10,556,006 USD. There has been an upward trend of 4.04%, and this will continue growing up owing to the recent partnerships. The highest price was recorded at 0.314 USD, and the lowest at USD 0.305 in the past 24 h and a similar pattern has been observed in the past 30 days as well. The currency is regarded as one of the most relevant in the crypto market, and it will certainly be showing faster leaps in the coming quarters.

Prediction:

April has been quite an eventful month for IOTA as the crypto has sealed many strategic partnerships and the day is not far when the price will surge higher with this increased popularity and interest. IOTA’s collaboration with EVRYTHNG is another step to achieving data integrity in transactions. It also is now among the founder members of New International Association of Trusted Blockchain Applications (INATBA). It also entered into a partnership with Nova to encourage IOTA usage among new businesses. Additionally, IOTA has become the preferred partner for the automobile & IT companies. Its list of partners includes Microsoft, Volkswagen, Porsche, Bosch & Fujitsu. Hence, the coming years look brighter for the crypto to increase its users and merchants thereby showing a price surge. This is the best time to invest in the currency in bulk for better returns in the next five years. From a two year perspective, the price is expected to reach USD 5 and between USD 10 – &$50 USD in the next five years.

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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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