Price Analysis

IOTA Price Still Under Huge Market Pressure; Coin Hovers At $0.24

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  • IOTA deals with the bear on the intraday chart.
  • The indication of recovery is still farfetched.

IOTA is currently dealing around its seven days’ lowest price. The recent drop has affected the coin at large. Yesterday, the market experienced a pull-up, but the IOTA still couldn’t rise. The coin started the year at $0.35, and now it is hovering at $0.24. The loss in the coin is large.

If we see yesterday’s counters, the IOTA was seen at a high of 0.253255 USD and a low of 0.243181 USD. The volume marked on yesterday was 5,101,617 USD.

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IOTA to USD Price Comparison:

The chart is taken from TradingView on 1st September 2019 at 05:15:32 UTC.

IOTA price chart
IOTA price chart by TradingView

Yesterday, the IOTA opened at $0.2536. Later, the coin slipped from $0.2536 to $0.2453 by 3.37%. Then, IOTA continued the fall and touched the lowest at $0.2432. There was a recovery marked in the coin which took the IOTA price from $0.2432 to $0.2497 by 2.67%. Today, the IOTA opened at $0.0248 and is hovering at the same level as of now.

Current Statistics of IOTA:

  • IOTA price is trading at $0.2482.
  • ROI is at -61.11%.
  • 24-hour volume is at $4,815,784.
  • The Market Cap is noted as $690,266,875.
  • Circulating Supply has 2,779,530,283 IOTA.

IOTA Price Prediction and Conclusion:

There is an anticipation that the market would rise in the upcoming days. This would also bring a big change in the price of IOTA. The traders who are interested in the coin should stick around and wait for the upsurge.

We are positive that the price rally would soon embark and change the statistics of the coin. For now, we would recommend the traders to stay put. The coming years might bring a huge change in the coin, but this couldn’t be the best time for investment.

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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