Price Analysis

IOTA Price Analysis: IOTA (MIOTA) Goes On A Hiring Spree To Expedite New Enhancements

  • IOTA focuses on hiring new talent for platform enhancement
  • IOTA surges from $0.28 to $0.30 within a day recording $7 uptrend

After a continuous falling trend since last 5 days, IOTA has given some respite to the currency holders by moving back up again to trade at $0.30. Moreover, the firm is increasingly focusing on bringing new talent on board to enhance the platform and outlast the competition. The current market statistics are expected to improve in the future.

IOTA Price Statistics:

It has been mostly a downward ride for IOTA token throughout the last5 days. IOTA surged from its starting value at $0.33 to as high as $0.36 and has been dropping day by day since then. It dipped from $0.36 to $0.33 again and further moved down from $0.32 yesterday to $0.28. The coin has gained some momentum and reached $0.30 again and may cross $0.33 by the end of the week.

IOTA Price Prediction
IOTA Price Chart
  • IOTA is noted to currently trading at $0.30 and 0.00002863 BTC
  • The 24 h volume of the token is $15,019,846
  • The market cap is now $853,317,694
  • The ROI of the coin has reached -51.91%
  • The circulating supply is noted to be 2,779,530,283 MIOTA

IOTA has recorded a downtrend of over 9% in the last 5 days from $0.33 to $0.30 but has surged in the last one day by over 7% from $0.28 to its current value. The token may close the day on a better note.

IOTA Price Prediction:

Although IOTA has not shown much of movement in the past 6 months, the coin is still being relied upon to reshape the crypto world and introduce new ways of transactions and data transfer through the Tangle platform. There are huge possibilities that it may succeed on a larger scale, which may push the currency towards unstoppable growth to surge as high as $0.9 by the end of the year.

Conclusion:

It is a good time to invest in IOTA token in smaller chunks and wait for at least 2-years for the currency to pay returns.

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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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