IOTA is one of the few digital assets listed during the cryptocurrency boom of 2017. It is a much-undervalued altcoin. Though many predict the further downward trend for IOTA, it is one of the safe and best investments for the long term. It is because of the following fundamental and technical factors:
Fundamental factors favoring IOTA:
- IOTA’s quantum proof Tangle has many distinctive features like secure data transfers done at lightning speed, zero fees for transactions, and with scalability that is infinite.
- IOTA is the distributed ledger for IoT or the Internet of Things, which is resurging technology development which is at its rapid growth. It uses DAG or the Directed Acrylic Graph and not the conventional blockchain.
- DAG enhances the speed of the network with an increase in transactions without fixed time limit and enabling multiple users to control the transaction speed instead of the control of a single user.
- Because of its uniqueness, it has the backing of partners like Microsoft, Porsche, Tesla, and Jaguar.
Technical factors favoring IOTA:
- The IOTA holders are optimistic with its increase in market performance recently.
- From its trading price of 0.27 on May 10 to 0.46 on May 16, which is 70 % steep increase. It confirms the developing interest of traders and investors in IOTA.
May 25, 2019, Price Statistics of IOTA at 7:49 UTC
|Ranking in cryptocurrency list of Coinmarketcap||15|
|Return of Investment (ROI)||– 38.54 %|
|Total Circulation||2,779,530.283 MIOTA|
|Market Cap in USD||1,070,354,947|
|Current Price in USD||0.385085|
|Current Price in BTC||0.00004790|
|24 hours traded volume||35,763,120|
|25 days price change||28.71 %|
25th May price movements of IOTA:
Today it opened at 0.38952 and went to today’s high so far at 0.391503 at 4:00 UTC. Today it could be range-bound trading between yesterday’s high and low. But if it breaks yesterday’s high of 0.401761, it may see an uptrend towards the end of the day.
Value comparisons of IOTA:
For the most part of the year, the trading in IOTA was within a price range of 0.23 to 0.33 USD. On April 3 it showed a surge up to 0.36 to fall back to 0.25 USD its three months low on April 26. The resurgence started again on May 10 to reach its three months high of 0.46 USD. Backed by strong fundamentals, it has shown renewed interest from investors and traders, which 1reflects in the steady increase in its volume from April. It is the most positive sign for IOTA.
After the end of the consolidation phase happening now and when it cuts the three month high of 0.46 levels, it is sure to reach 2 USD, which is its year high even by 2019. It is a 335 % return. Investors can buy this fundamentally strong digital asset in bulk to get fantastic returns in a short time.