Price Analysis

IOTA (MIOTA) Price Analysis: IOTA Spreads Its Wings Bringing Key Automobile Players Onboard

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  • IOTA has recently sponsored Texas Smart Cities Summit to increase popularity quotient
  • IOTA has partnered with automobile giants like Jaguar for mainstream adoption

IOTA has been on the top of its game and continuously aiming bigger partnerships to increase the mainstream adoption of the MIOTA coin. This nonblockchain based platform claims to use a better technology called Directed Acrylic Graph (DAG) to distribute the authority amongst users, which leads to an increase in the transaction speed. The firm has collaborated with players like Jaguar to incentivize the drivers. The fee fewer transactions on the platform increase the number of activities, which increases speed. The market data looks positive.

Current Statistics:

IOTA Price Chart

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  • IOTA is ranked at the 15th position in the CoinMarketCap’s global cryptocurrencies list
  • The ROI of the coin is now -34.10%
  • As on May 22, 2019, at 07:44:01 UTC, the market cap of the coin was 1,158,010,421 USD
  • The price of the coin is noted 0.41 USD & 0.00005253 BTC
  • The 24 h volume is now 23,585,815 USD
  • The circulating supply of the coin is same as the total supply which is now 2,779,530,283 MIOTA

Comparison:

In the last 30 days, the value of the coin has moved between 0.46 USD and 0.25 USD. The lowest price was recorded at 0.35 USD in the last 7 days while the highest remained the same. As on April 23, 2019, at 23:34:02 UTC, the market cap was noted at 847,480,356 USD, and the price was trading at 0.30 USD & 0.00005456 BTC. The 24 h volume is now 15,803,468 USD. There has been an upward trend of over 36% in the last one month.

IOTA Price Prediction till 2022:

IOTA has been moving in the range of 0.35 USD & 0.44 USD since the beginning of the year. It has not yet crossed the 0.50 USD mark in the last 5 months, and it can happen any time soon now with the market bull run. The all-time high value was observed at 5.69 USD in December 2017. IOTA holders can expect immense growth of the currency in the second half of the year as the market shows recovery signs. The price of IOTA coin can reach up to 1 USD by the end of 2019 and can grow as much as 10 USD by the end of 2022.

Conclusion:

The prices are low, and hence this is the best time to invest in mining MIOTA. The currency is here for a long term tenure and will yield good returns.

Trevor Holman

Trevor Holman follows crypto industry since 2011. He joined CryptoNewsZ as a news writer and he provides technical analysis pieces and current market data. He is also an avid trader. In his free time, he loves to explore unexplored places.

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