Will Bears Leave The Way For IOTA Price Rise?

  • Price of IOTA has been trying to recover as seen from the weekly chart

IOTA (MIOTA) is a distributed ledger on the blockchain platform developed for the ‘Internet of Things’ and has no transaction fee. DAG is the core of the IOTA ecosystem. Like other altcoins, IOTA has also been under the bear radar with the price going through a lot of variations, but in the past week, the price seems to have a shown a recovery. The price of IOTA has been moving in the range of $0.23 – $0.26.

Current Statistics of IOTA:

As on Sep 04, 2019 at 7:26:21 UTC, current statistics are as below:

  • Current market price of MIOTA is $0.2516
  • Current rank is 18
  • Current market cap is around $687,116,115
  • 24 h volume is at $5,868,386
  • MIOTA has a negative ROI of 61.28% but has managed to have a sound Circulating supply at 2,779,530,283 MIOTA

IOTA to USD Price Comparison:

IOTA Price Chart
IOTA Price Chart by TradingView

The weekly price chart for IOTA shows that the price has been trying to recover from the current crypto market volatility. From a low of $0.2318 on Aug 28, the price rose to $0.2586 on Aug 29 in a span of 13h 20m; the movement was to the tune of 11.65%. Within 1d 23h 55m on Aug 31, the price went downwards to the extent of 6.72% at $0.2411. In a span of 1d 23h 55m on Sep 02, the price went up by 5.82% at $0.2552. Today’s price is $0.2516, which is marginally lower by 1.37%.

IOTA Price Prediction and Conclusion:

Though IOTA is a coin with great potential, the price has not been on the same level due to the crypto market volatility. The bears are holding the market scenario and pushing the price of IOTA further down. This scenario is expected to continue at least in the days to come. Analysts feel that the trend would continue for the short term, but the coin will bounce back by the year-end.

Investors should study the crypto market sentiments and based on MIOTA Price Forecast make their investments. Still, you can check MIOTA predictions by experts to find more information about the future market of the coin.

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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