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Price Analysis

IOTA Price Analysis: IOTA Tames the Bulls; Price Rally on the go

  • IOTA charts indicate an upsurge in the coin.
  • The intraday traders to earn a colossal profit today.

The bulls are taking the price of IOTA up in the market. The traders, who have invested in the coin are all smiles because the rest of the market is crashing down, but the coin is shining like the brightest star. IOTA was seen falling under the market pressure, but the coin soon moved up.

After coming out of the market pressure, the coin is climbing up currently. Let’s have a look at the intraday price movement of the coin.

Current Statistics of IOTA (MIOTA):

The chart is taken from Trading View on 25th August 2019, at 07:22:23 UTC for price analysis.

IOTA price chart - Aug 25
IOTA Chart By TradingView

Looking at the chart, we can observe a clear escalation. Starting from yesterday, the coin opened with a drop. The price changed from $0.26 to $0.25 by 2.47%. Later, the price jumped from $0.25 to $0.26 by 3.43%. The coin couldn’t hold itself at that level and fell. The drop took the coin to $0.25. The coin started improving after touching a low of $0.25. The coin closed at $0.259 and registered a loss of 0.24% in yesterday’s intraday chart. Today, IOTA opened with an escalation as it jumped from $0.25 to $0.26 by 1.55%.

Summary of IOTA to USD:

  • The current trading price of the coin is at $0.26365.
  • The coin is at the 19th rank in the crypto market.
  • The ROI (Return on Investment) is marked as -58.71%.
  • The market cap is noted as $732,839,353.
  • The circulating supply of the coin is at 2,779,530,283 MIOTA.
  • The 24hr volume is marked as $5,662,163.

IOTA Price Prediction and Conclusion:

IOTA was seen dealing at the lower range during the beginning of the week. The coin improved it’s momentum a few days back. The escalation proved its stability by staying up when the whole market is almost crashing or sustaining. The intraday looks promising for the traders. They could dig in with a prospect of profit.

The traders are recommended to pick a long-term plan for IOTA with anticipation that long-term investment in IOTA would result favorably.

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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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