Price Analysis

IOTA Price Analysis: Is IOTA (MIOTA) Going To Make Any Positive Assurance Soon For Its Investors?

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IOTA coin is ranging high since yesterday, and this is appearing to be a good indication to its keen investors and enthusiasts. Although crypto sphere is highly unpredictable and anything is possible here at any time so, the persistence of IOTA in bullish trend even in the upcoming days is obviously not guaranteed. Again, one should not forget the turbulent and erratic nature of Bitcoin and the intense volatility of the crypto market. Many altcoins, including IOTA, had already lost a major extent of their values to BTC, and it is not guaranteed that if the same picture will not be the reality in the future as well.

Current Statistics of IOTA:

  • IOTA Price: $0.42238504 (16:06 UTC)
  • Market Cap: $1,182,843,336
  • Circulating supply: 2,779,530,283 MIOTA
  • Yesterday’s High / Low : $0.450597 / $0.431567
  • 52 Week High / Low : $1.30 / $0.209035

IOTA Price Prediction:

IOTA Price Analysis - Jun 14
5-Day IOTA Price Chart

The above IOTA price graph shows that IOTA (MIOTA) is having a long run in a bullish trend when concerned with the past 5 days only. Frequent drops were noticed in an early bull run, and it aggravated deep to trade in the bearish zone where it was traded to as low as 0.39592845 USD on 9th June. Yesterday, it attained a good bullish peak of 0.44957213 USD. So, shift in the prices although it is not so high, somehow, this is indicating a good notion for the upcoming future. If this can be the reality also, then, it is quite challenging and difficult for the market condition is still very much unfavorable to foster the growth of IoT, and it also lacks an effective support level. The current scenario doesn’t give a positive outlook as the price of IOTA seems to go downwards on a slow and steady basis. So, at any time, the values of IOTA can sharply drop, and it can again get traded at the lowest value. Within a span of 5 days, the value of IOTA has substantially increased by 6.68%. Considering the above discussions and facts, we think that in the upcoming days, IOTA can have a trading value of 0.46 USD to 0.47 USD.

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Conclusion:

In the concluding note, it can be said that it will be a foolish idea to start investing in IOTA buy seeing its positive upturn as of now as this picture can change at any time. It can again get traded to a low value and can substantially run in the bearish zone also.

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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