Price Analysis

IOTA Price Analysis: Upgrade In IOTA (MIOTA) Indicates Bullish Trend

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  • IOTA undergoes a huge upgrade.
  • Price upsurge in IOTA expected.

IOTA (MIOTA) is walking on the high road from the past few weeks. After touching a low of $0.472 yesterday, the currency has picked up its pace again. The coin is currently dealing at $0.499. The recovery is the price expected to last longer than usual.

After IOTA tweeted about the Coordinate solution for its users on the official Twitter page, the price in the market observed some recovery.

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Inventors, who started mining from 2019, must have observed that IOTA (MIOTA) is a result-giving currency. From the past few months, it is maintaining a steady momentum of price. The investors can expect a huge return in future from the coin.

IOTA Coin Statistics:

The chart is taken from Trading View, on 1st June 2019, at 04:40:23 UTC.

IOTA price chart - june 1

  • The price of IOTA (MIOTA) is 0.49990277USD.
  • The coin is at the 15th rank on the cryptocurrency chart.
  • The market cap stands at 1,407,623,398 USD.
  • In the last 24 hour, the volume of IOTA (MIOTA) is 37,835,848 USD.
  • The ROI stands negative 20.69%.

Looking at the chart, we can see that price hiked twice in May month. The first hike took place from 6th to 16th May, with an increase in price from $0.306 to $0.458. The next hike happened between the period of 24th to 29 May, and prices increased from $0.400 to $0.564.

IOTA Value Comparison:

If we compare the price from the last month till now, then an increase is noted by 64.34%. As the price on 6th May 2019 was $0.304178 and today as on 1st June 2019, at 05:28:19 UTC, the price is $0.49990227.

On 29th May 2019 hike in price was marked around $0.558. The price soon went through the selling pressure, but now is showing some recovery.

IOTA Price Prediction and Conclusion:

IOTA (MIOTA) is expected to grow in the coming time. The upcoming ventures and upgrades are also pointing towards a brighter future. The investors are looking keen towards the currency after the upgrade announcement.

However, the price of IOTA (MIOTA) is quite hard to predict. At the resistance level of $0.577 and the support level of $0.419, the price of IOTA (MIOTA) can touch $0.700 by the end of 2019.

People interested in IOTA (MIOTA) should also think of diverging their investment in other currencies to deteriorate the risk.

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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