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Price Analysis

IOTA (MIOTA) Price Analysis: International IOTA Academy program Launched; Medium-term Bullish Outlook

  • IOTA Foundation has launched an international IOTA Academy program for R&D.
  • The 2019 Prediction target is 1 USD mark.

There is an unsaid rule in the global crypto market that if you don’t collaborate, you fail. The same way IOTA (MIOTA) has been trying hard to make its mark as far as partnerships and collaborations are concerned. These partnerships help the coin to enhance its own goodwill and image, which ultimately attracts new users. Recently the IOTA Foundation (IF) launched the 1st international IOTA Academy program after partnering with the IOT1 Academy. The IOT1 Academy is a deep-tech academy based in Berlin and Shanghai. The new international academy will facilitate more study, research and development on IoT (Internet of Things) technology to check what other developments can be made in IOTA. We predict the coin to have a bullish medium-term outlook. The value of each IOTA coin will be roaming around 1 USD by the end of this year. Let us look at the current status of the coin now.

Current IOTA Price Statistics-

IOTA price chart

  • IOTA (MIOTA) is the 15th largest coin in the market.
  • The ROI (Return on Investment) stands at negative 39.64%.
  • A total of 2,779,530,283 MIOTA coins are in circulation.
  • The market cap as on 26th May at 01:13 UTC stands at 1,068,525,040 USD.
  • The value of each IOTA coin stands at 0.38271032 USD and 0.00004781 BTC.
  • The 24h volume at the same UTC stands at 26,312,793 USD.

IOTA Price Comparison-

IOTA (MIOTA) coin stared the year with a very high note. At the starting of the year, the coin was being traded around 0.40 USD. But the momentum could not be sustained. It reached its lowest point on 06th February at 0.24 USD. The highest point of the coin was on 15th May 2019 at 0.43 USD. From 9th May to 16th May the coin gained almost 62%. This growth has helped the coin immensely to be predicted bullishly. The market cap and the value of each coin on 26th April were 730,749,484 USD and 0.27134213 USD. The current market cap and the value of each coin are respectively 46.22% and 41.04% more than the figures for last month.

IOTA Price Prediction-

As mentioned earlier, the coin will have a bullish medium-term and long-term outlook. The resistance point will be there around 0.5 USD and 0.6 USD. By the end of 2019, the coin will reach 1 USD mark.

Conclusion-

Buying fresh coin is advised only if the plan is to hold the coins for the long term.

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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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