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Price Analysis

IOTA Price Analysis: IOTA Has Bounced Back Reasonably Well Next Target Can Be $0.29

Let us compare the price of IOTA for the past 5 days. IOTA was priced at $0.24 on 18-Aug-19, and the movement of the coin was bearish. It started to rise upwards but could not maintain its consistency, and despite the rises, it fell as low as $0.23 on 21-Aug-19 at 12:45 UTC. Post the said date; the coin seems to have picked up its momentum and price of the coin has witnessed a sharp rise. We anticipate that the bullish run will continue for the coin tomorrow as well.

Let us look at how IOTA has performed:

IOTA Price Prediction
IOTA Price Chart by TradingView

Current Data of the coin:

  • Ranking of the IOTA coin today is at number 19.
  • As per 07:55 UTC today, the market cap value of the coin was 720,046,423 USD.
  • The price of IOTA coin is $0.26 at 08:20 UTC.
  • 24-hour volume numbers are $11,322,033.
  • 2,779,530,283 IOTA coins are being circulated.
  • The coin offers an ROI of -59.63%.

IOTA Price comparison and Future prediction:

Comparing the price of the coin since the time it reached the level of $0.24 on 18-Aug-19 at 00:25 UTC and the present prices, IOTA indicates a bullish run by 7%.

IOTA prices may continue to rise and can reach close to $0.29 by the end of the day tomorrow if it maintains its consistent performance. By the end of this year, IOTA can reach as high as $0.50.

Conclusion:

IOTA can be traded today in the range of $0.25 and $0.26. As per today’s trend of IOTA you can purchase new coins as well as sell some of the coins in hand as per your choice. The Chaikin Money Flow indicator also points out that the present movement of the coin is a bullish one. If you can retain some coins for the long term until the year 2021, IOTA can reach as high as $0.6.

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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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