Price Analysis

IOTA Records 3% Drop Within a Day Tumbling from $0.26 to $0.25

It seems that this might not be a very good time for the traders of IOTA due to its sluggish performance. However, it may reverse the current trend very soon. IOTA may surge up to $0.29 in the next few days and may even start reaching close to $0.4 by the end of this year.

IOTA Price Analysis:

As on September 29, 2019, at 07:31:16 UTC, the IOTA price is noted to be $0.2586, and it is seen to be moving in the downwards. The coin had quite a topsy-turvy ride throughout the day yesterday. It started the day at $0.2644 and then fell up to $0.2582 around the noon. IOTA again gained some pace to reach up to $0.2649 but now trading below it. By the end of the day, IOTA price can be expected to surge back up to $0.26 mark.

IOTA price Chart

IOTA’s highest recorded value in the last seven days was $0.2950 and the lowest was $0.2419. The coin may move between the range of $0.25 and $0.30 in the upcoming week.

IOTA may rise to $0.30 in the next few days and may start trading between $0.30 and $0.41 by the end of October. The coin can be expected to go bullish as the year approaches to end and may cross $0.4 mark by 2019 end if it continues to move at this speed. This is the best time to invest in bulk in the IOTA as the long-term benefits are high.

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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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