Price Analysis

IOTA Price Analysis: IOTA may Surge Up to $0.35 in the First Week of August

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IOTA has been one of the pioneers in exploring new areas to establish a strong ground in the crypto world. The crypto has recently announced IOTA-powered marketplace, and this may help the coin gain better popularity, mass adoption, and increased momentum in the coin value.

 

IOTA to USD Price Comparison:

In the last day, IOTA coin has dropped from $0.3064 to its current value at $0.2896 as on July 28, 2019, at 05:52:58 UTC. This shows a downtrend of over 6% in the last one day. The coin value started dipping drastically around 12 yesterday and slumped from $0.3006 to $0.2843. It has not recovered as yet and continues to trade at this value.

IOTA price chart - july 28
IOTA Chart By TradingView

Latest Statistics of IOTA:

  • IOTA price is noted to be $0.28 and 0.00003038 BTC
  • The Market Cap of the coin is $804,146,466
  • 24-hour volume is noted to be $10,633,851
  • ROI of the coin is -54.39%
  • Circulating Supply of IOTA stands at 2,779,530,283 MIOTA

In the last 30-days, MIOTA’s highest recorded value was $0.4279, and in the last 7-days, it was $0.3253. The coin has not been able to recover since a long time and trading below its starting value at the onset of 2019 around $0.35.

IOTA Price Prediction & Conclusion:

IOTA may have slowed down a bit after surging up to $0.55 in May. The coin has not been able to move upwards than its starting value since the last couple of days but may gain good momentum in the next few weeks. IOTA may close the month trading at $0.30.

This is a good time to invest in IOTA coin, but the gains may not happen until coin crosses $0.35 value and starts trading above it for longer durations.

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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