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Price Analysis

Will IOTA Price Continue To Be Under Bear Radar?

  • IOTA Price has been hit by the bears and is continually on a downswing as seen from the one-day price chart

The past day has not brought cheers for the IOTA community as the prices are in the lower range and trying to pick up momentum. The price of IOTA has fluctuated in the flattish range of $0.24 – $0.25 mostly below the baseline with the bears still looming large.

Current Statistics of IOTA:

As on Sep 05, 2019 at 5:53:25 UTC, statistical data of IOTA are as below:

IOTA Price
IOTA Chart by TradingView
  • Current price of MIOTA is $0.2483
  • Current rank is 18
  • Current market cap is around $690,853,353
  • 24 h volume is at $4,524,519
  • ROI is at a negative 61.07 %
  • Circulating supply at a healthy 2,779,530,283 MIOTA

IOTA to USD Price Comparison:

The one-day price chart for IOTA shows that the bears are pushing the price in the lower range. On Sep 04, the price was at $0.2456 at 1.16. In a matter of 2h 36m at 3.52, the price of IOTA rose to $0.2504 which was to the tune of 1.97%. Within 9h 21m at 13:14 the price went down to the extent of 3.61% at $0.2416. In a matter of 10h 42m, the price rallied by 2.35% at $0.2473. Today the price is at $0.2483, which is higher to the extent of 0.40 %. The price trend shows a flattish movement in the price of IOTA due to the bear presence in the crypto market.

IOTA Price Prediction and Conclusion:

The bear momentum has influenced IOTA price in the crypto market. With the bears going strong, the prices of major altcoins, including IOTA are expected to go down further. Analysts expect medium-term to be bullish for the coin.

Long term investors should continue holding their investments as IOTA has great future potential. Short term and day traders will not gain much if the market continues to fluctuate in the current flattish range.

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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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