Price Analysis

IOTA Price Analysis: Will Bulls Be Able to Make A Comeback for IOTA (MIOTA)?

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  • Launched Trinity wallet on July 02 to make the platform more user-friendly and enhance security.
  • The price has moved in the range of $0.37 – $0.46 over the past month

IOTA (MIOTA) Foundation has launched the Trinity wallet on July 02, to enhance its user-friendly and security features. The wallet’s beta version saw 160,000 downloads and transactions worth over $1.9 billion IOTA were conducted. This is good news and should bring in more users to the network. The price of MIOTA is, however, showing varied fluctuations owing to the crypto market volatility. For the past one month, the price of MIOTA has been moving in the range of $0.37 – $0.46 showing a lot of downward variations due to the crypto market scenario.

Current Statistics of IOTA:

As on July 03, 2019 at 4:08:44 UTC, current statistics are as below:

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IOTA Price Chart - 3 July
IOTA Price Chart
  • The current market price of MIOTA is $0.4068
  • Current market cap is around $1,129,445,123
  • 24-hour volume is at $22,049,988
  • MIOTA has a negative ROI of 36.36%, but the Circulating supply is a sound 2,779,530,283 MIOTA

IOTA Price Comparison:

The crypto market price volatility is deeply affecting the price of MIOTA, as can be seen from the 30-day price variations. From a high of $0.4549 on June 07, the price fell to $0.3985 on June 10 within a time lag of 2d 6h 30m; the price variation is to the extent of 12.39%. On June 16, the price touched a high of 0.4648 within a time span of 6 days; the jump is to the tune of 16.63%. The price of MIOTA then fell by 11.64% on June 20 to $0.4109 within 4 days. It again picked momentum on June 26 by 18.34% and was $0.4840 within 6 days. In a short span of a day on June 27, the price fell sharply to the extent of 22.53% at $0.3750. Today’s price is $0.4068, which is higher to the extent of 8%. These variations indicate the current market scenario has a major role play in price fluctuations. The price fluctuations in IOTA is expected to continue until the market shows some stability.

IOTA Price Prediction:

It looks like MIOTA price fluctuation, that began in April is set to continue well into the year-end. The crypto market is losing ground and increasingly getting into the bear mode, though bulls are trying their level best to make a comeback. Analysts predict a wait and watch policy as the fluctuations in the market are creating a lot of uncertainty.

Conclusion:

Existing investors should hold onto their investments and wait for the market to Improve. For new investors, the time is not right as the uncertainty is still looming large.

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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