IOTA stands for Internet of Things Application. It is a crypto technology that facilitates transactions between devices on IoT. IOTA addresses the scalability issues and the transaction fees of the blockchain technology by abolishing the block and chain. IOTA uses no central ledger for verifying transactions, and here, no miners are needed for powering the network.
Current Status of IOTA Coin
- Current market value: $0.298004 USD
- Current market cap: $828,310,247 USD
- Circulating supply: 2,779,530,283 MIOTA
IOTA Price Analysis
The above IOTA price chart shows the following information-
- Present trading value: 0.299277 USD/0.00005039 BTC (UTC time 03:55)
- Market cap: 831,848,878 USD
- 24h volume: 19,561,650 USD
The same chart also makes it evident that approx. One month earlier, IOTA coin had a trading value of 0.319297 USD
So, within this approx. One month, the value of the IOTA coin price has been decreased by -6.27%
IOTA Price Predictions
The project team of IOTA is actively working for further upgradation. Their blog posts are not very informative, and its community wants more news of updates from its developers. On March, Zeux- a payment and banking application got merged with IOTA for establishing a system that enables users to use this token for paying merchants who accept payments via Samsung pay and Apple pay. On the previous month, IOTA foundation became one of the founders of the International Association of Trusted Blockchain Applications (INATBA), that promotes the promotion and use of distributed database technology.
IOTA must focus on maintaining transparency and excellent communication with its users. If it performs well enough with active developments, then, by the end of this year, it can be around $1.50.
IOTA cryptocurrency is promising but, it needs to be more communicative with its users to retain them and to increase its value in the future.