Price Analysis

IOTA (MIOTA) Price Analysis: IOTA’s Multiple Partnerships Can be the Cause of Upcoming Price Rally

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  • IOTA (MIOTA) has done loads of partnerships and collaborations in recent time.
  • This will push the coin to a bullish period targeting the price of 2 USD.

IOTA (MIOTA) is one of the leading cryptocurrencies based on latest technologies like IoT (Internet of Things). IOTA has been making decent progress in making partnerships and collaborations. Some of the major partnerships include partnerships with Jaguar, IOTA’s Volkswagen deal, collaboration with Ford, deal with Austin city and the recent partnership with Avery Dennison. And finally, these partnerships are paying well for IOTA (MIOTA). If we look at the performance of IOTA of this month, we can see a huge growth of almost 60%. We predict the future course of IOTA to be bullish and place the 2019 prediction target at 2 USD. Let us look at the current figures of IOTA (MIOTA).

IOTA Price Current Statistics-

IOTA Chart

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  • IOTA (MIOTA) is ranked at 15th position in the crypto market.
  • The ROI (Return on Investment) stands at negative 32.63%.
  • A total of 2,779,530,283 MIOTA coins are in current circulation.
  • The market cap as on 28th May at 03:18 UTC stands at 1,199,077,469 USD.
  • The value of each coin stands at 0.42982086 USD and 0.00004915 BTC.
  • The 24h volume stands at 44,324,392 USD.

IOTA Price Comparison-

IOTA (MIOTA) is one of the few coins which have started the year with a higher price and feel suddenly at the starting of the year. The lowest point of the coin was on 06th February at 0.24544721 USD. The highest growth can be seen on 9th May when the coin gained 63.02% in just 6 days. The market cap and the value of each coin on 28th April were respectively 763,731,756 USD and 0.28550065 USD. The current market cap and the value of each coin are respectively 57% and 50.54% more than the figures for last month.

IOTA Price Prediction-

There no denying that IOTA is going through a good phase. As per our prediction, the value will surge for sure. The next resistance point will be there at 0.5 USD and 0.65 USD. By the end of 2019, we predict the value to get as high as 2 USD.

Conclusion-

As the future course is set for a bullish trend, buying fresh coins will be profitable. Holding the existing coins until the 1st quarter of 2020 will give a huge profit of at least 5 times the current value. But the investors need to be cautious of possible sudden rise and fall in the price.

David Cox

David is a finance graduate and crypto enthusiast. He projects his expertise in subjects like crypto and Blockchain while writing for CryptoNewsZ. Being from Finance background, he efficiently writes Price Analysis. Apart from writing, he actively nurtures hobbies like sports and movies.

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