Its all about its potentials due to which IOTA still manages to be among the top 20 cryptos. It is currently attaining heights. IOTA has currently partnered with Austin’s transportation department in Texas of the US. IOTA is now using blockchain to mitigate the issues affecting the transportation sector. According to crypto analysts, this collaboration can facilitate many other transportation organizations to use IOTA as their solutions. IOTA for the first time partnered with a transportation company and it also the first time for a transportation sector to use this crypto.
Current status of IOTA:
- Current market price: 0.381724 USD
- Market cap: 1,061,014,374 USD
- Market rank: 15
- Circulating supply: 2,779,530,283 MIOTA
Price analysis and IOTA predictions:
IOTA Price Chart
The above chart shows that currently, IOTA is getting traded at 0.381392 USD or 0.00005176 BTC (UTC time 05:45). Its current 24h volume is worth of 44,671,192 USD. The same chart shows that approx. 1 month earlier, IOTA had a trading value of 0.312136 USD with a market cap of 867,591,702 USD. So, within this approx. 1 month, the value of IOTA has spiked up by 22.18% with 0.298143 USD as a good support resistance level.
On the basis of its current performances and price analysis, we can say that by the end of this year, it can be around $1 and is thus a very good option for short term investment.
IOTA is very potential crypto and its partnership with Austin can provide it with several opportunities to partner with many other global transportation companies. This can successively boost its value in the upcoming days.