Price Analysis

IOTA (MIOTA) Price Analysis: IOTA Joined Hands with EVRYTHNG; Bullish Days Ahead

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  • IOTA’s partnership with EVRYTHNG will be beneficial for long-term growth in the price.
  • The 2019 target price rests at 1.2 USD.

IOTA (MIOTA) is a market leader as far as partnerships and collaborations are concerned. It has done some fabulous partnerships in the recent past with many leading multi-national companies. But the recent partnership with EVRYTHNG is the most talked one. EVRYTHNG is a platform which helps to track of products virtually and makes almost everything on the internet traceable. This platform has recently won the “IoT partner Ecosystem of the world” award and was recognized by Yahoo Finance and Fortune magazine. This partnership is expected to bring a huge bullish run for the market of IOTA (MIOTA). We predict the price to reach 1.2 USD by the end of 2019. We should now analyze the current status of the coin.

Current IOTA Price Statistics-

IOTA Chart

eToro Crypto
  • IOTA (MIOTA) is the 15th largest coin in the global crypto market.
  • The ROI (Return on Investment) stands at negative 40.66%.
  • A total of 2,779,530,283 MIOTA coins are in current circulation.
  • The market cap as on 23rd May at 06:04 UTC stands at 1,057,852,404 USD.
  • The value of each coin stands at 0.37255200 USD and 0.00004983 BTC.
  • The 24h volume at the same UTC stands at 31,346,736 USD.

IOTA Price Comparison-

IOTA (MIOTA) has started the year with a very high price. But it soon fell to the lowest point of the year in a month. It lost around 40% of its value. But again it started gaining momentum. But the highest growth was at the onset of April. In 12 days, the coin gained 21.15%. The lowest point of the coin was on 06th February at 0.244 USD and the highest point was 0.43762 USD. The market cap on 23rd April was 867,160,347 USD and the value of each IOTA coin was 0.29263220 USD. The current market cap and the value of each IOTA coin in USD are respectively 21.99% and 27.31% more than the figures for last month.

IOTA Price Prediction-

As mentioned earlier, the trend will go up for IOTA. The next resistance point should be around 0.40 USD and 0.45 USD. By the end of 2019, the coin should be traded around 1.2 USD.

Conclusion-

It is a good time to buy IOTA coins. The biggest gainers will be the one who can hold the investment at least till the end of this year.

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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