Price Analysis

IOTA Price Analysis: IOTA Plunging With Every Passing Day

eToro

Crypto followers are already aware about the release of IOTA trinity wallet. The next update about the same is the security audit to be performed successfully by the leading security firms, Accessec and Sixgen respectively.

Price Analysis of IOTA on 6th July 2019

IOTA is trading at $0.384 at 09:00 UTC as on 6th July 2019. However, it is expected to surge in the upward direction. The other calculated factors are as follows:

IOTA

  • Return on Investment: -39.50%
  • Market Ranking: 18
  • 24 Hour Volume: 19,175,877 USD
  • Market Cap Value: 19,175,877 USD
  • Total supply/ Circulating Supply: 2,779,530,283 MIOTA/ 2,779,530,283 MIOTA
  • 7 Day high/ low: 0.427930 USD/ 0.381424 USD

Comparison:

The lowest in this month was first manifested on 2nd July at 11:40 UTC trading at $0.3770 which was then increased by 8.27% on 3rd July at 04:15 UTC with trading value of $0.4082. However, in the next two days, the value dropped constantly.

Yesterday at 22:30 UTC, the value touched the downside of $0.3799 (now increased by 1.26%) which was a drop by 6.93% from the highest of 3rd July.

Prediction and Conclusion

IOTA is fluctuating in the bearish zone. However, not strongly, but it is expected to rise dip by dip in near future because the value may not escalate right away. After the release of Trinity wallet, the supplies have seen some changes, but it is expected of the whole capitalization to grow in a seeking direction. This might be a good time for the traders to join IOTA community by ‘buying’ new coins, and then wait for the IOTA zone to change to bulls.

Roxanne Williams

Roxanne Williams has recently joined as a market reporter for CryptoNewsZ - the 24/7 crypto news site, where she produces recent stories, technical analysis and price updates on world's leading cryptocurrencies.

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