Price Analysis

IOTA (MIOTA) Price Analysis: IOTA’s Avery Dennison Partnership Is Digging Gold

  • IOTA’s new collaborations are helping the coin to inflate.
  • The medium-term outlook target 1 USD mark.

IOTA (MIOTA) is aggressively moving for bagging the maximum number of collaborations. It has recently tied-up with an agtech french startup, and Avery Dennison has given a huge momentum to the price of IOTA (MIOTA). Especially the collaboration with the clothing line has resulted in inflated price by 52% in a seven-day time frame. Experts believe that the tie-up with Avery Dennison has been able to do this as the aim of the collaboration is at sustainable goods. We predict the coin to have a bullish trend in the medium-trend. The value of each IOTA coin price will be traded around 1 USD by the end of 2019. We should now analyze the current figures of IOTA (MIOTA) to understand the picture clearly.

Current IOTA Price Statistics-

iota price chart

  • IOTA (MIOTA) is the 15th largest coin in the global crypto market.
  • The ROI (Return on Investment) stands at negative 37.03%.
  • The total number of IOTA coins in circulation stands at 2,779,530,283 MIOTA.
  • The current market cap as on 21st May at 04:49 UTC stands at 1,118,723,529 USD.
  • The value of each IOTA price stands at 0.402487 USD and 0.00005093 BTC.
  • The 24h volume at the same UTC stands at 20,157,692 USD.

IOTA Coin Comparison-

The value of IOTA coin has been subjected to many ups and downs in this short period since the starting of 2019. The lowest point of the coin was on 06th February at 0.244 USD, and the highest value was on 16th May at 0.44 USD. The market cap on 21st April was 871,240,251 USD, and the value of each coin was 0.313449 USD and 0.00005908 BTC. The current market cap and the value of each IOTA coin are 28.40% more than the figures for last month.

IOTA Price Prediction –

As mentioned earlier, the current trading value of IOTA (MIOTA) is roaming around 0.40 USD. The next resistance will be there around 0.50 USD and 0.55 USD. By the end of this year, we predict the coin to reach as high as 1 USD. It should be noted that the path till 1 USD will be full of many unprecedented variations. By the end of 2020, each IOTA coin will be traded around 5 USD to 7 USD price range.

Conclusion-

Entering into IOTA’s growth story will be profitable only of long-term holding is possible. The medium-term target lies at 1 USD.

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David Cox

David is a finance graduate and crypto enthusiast. He projects his expertise in subjects like crypto and Blockchain while writing for CryptoNewsZ. Being from Finance background, he efficiently writes Price Analysis. Apart from writing, he actively nurtures hobbies like sports and movies.
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