Price Analysis

IOTA Price Embarks Bullish Trend; Intraday Traders Can Expect Positive Closing

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  • IOTA price started moving up in the intraday price chart.
  • The coin points toward a great day ahead.

The crypto market has invited the bulls on the charts. The bulls are moving speedily towards a better day. The traders who were waiting for an upsurge can take a sigh of relief. Yesterday, the market was trading at $25 billion, and now it is at $26 billion. The impactful improvement has helped almost all the coins to recover from the recent drop.

Talking about IOTA, the coin had a very disturbing week. The coin was trading at 17th rank at the beginning of the week. Now, the coin is at 19th rank. The loss in market cap has given a blow in the chest of the coin. Well, the time has turned its course. The coin is moving in the upward direction with a high prospect of improvement.

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Current Statistics of IOTA:

  • The price of the coin is at $0.248254.
  • The Return on Investment is marked as -61.12%.
  • $690,030,279 is the market cap of the coin.
  • $5,428,866 is the 24hr volume.
  • 2,779,530,283 IOTA is the circulating supply of the coin.

IOTA to USD Price Comparison:

The Trading View chart of 3rd September 2019 was taken at 10:22:49 UTC is used to analyze the movement of the price in IOTA.

IOTA Price Comparison
IOTA Price Chart by TradingView

Yesterday, the coin started the day at $0.242. Later, the coin jumped from $0.241 to $0.248 by 2.69%. The escalation continued on the price chart. The price jumped from $0.248 to $0.254. The escalation was marked as 2.42%. The coin closed at $0.250 with an intraday upsurge of 3.59%. Today, the coin opened at $0.250. The coin immediately fell to $247 by 1.17%.

IOTA Price Prediction and Conclusion:

IOTA has the potential to give great results in the coming days. The coming years might bring an inclination of 4% to 5% in the coin. The traders interested in the coin should dig in with a long term prospect. The short term investment in the coin might be risky for the traders. However, the long term investment is likely to book huge dividends.

We would recommend the traders to split the investment in the crypto market to deteriorate the risk.

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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