When it comes to adding value to a cryptocurrency, securing partnerships with influential companies can prove vital. Just take the groundbreaking adoption of BTC by Tesla and the subsequent price rise as an example. When IOTA continued to amass a range of partnerships, its price skyrocketed. Leaving many curious if this will happen again and searching for an IOTA price prediction.
IOTA is an open-source distributed ledger and cryptocurrency designed for the Internet of things. It uses a directed acyclic graph to store transactions on its ledger, motivated by potentially higher scalability over blockchain-based distributed ledgers. Just a short while after its launch, IOTA saw returns on investment of up to 1600%.
Naturally, this has thrown this innovative digital asset into the spotlight. But the price surge left many wondering if they had missed the boat on IOTA and whether investing now was a good idea. I was one of those people until I began to use a range of factors to research the future price such as the following:
- Price history
- The latest legislation
- Prediction strategies
- Expert analysis
By analyzing all of these factors, I was able to find out that there’s never a bad time to invest in IOTA, and I’m not alone. For example, statistics from the leading trading platform of eToro tell us that sales have skyrocketed in the past few months.
But what does the future hold for investors who get on board early enough? Will it rise once again? Our IOTA price prediction aims to answer all. But first, let’s start with just what it is and how it works.
What is IOTA?
When it comes to the various cryptocurrencies and altcoins, many share at least one similarity of function. But IOTA is a digital asset that stands heads and shoulders above the rest when it comes to being unique.
Whilst the majority of other cryptocurrencies utilize the traditional blockchains that are similar to Bitcoin or Litecoin, IOTA does not. Instead, it utilizes a distributed ledger technology known as Tangle.
“Tangle is the missing link for the Internet of Everything and Web 3.0.”– IOTA
Conventionally, the data on basic Blockchains are stored on blocks. In comparison, Tangle acts as a stream of individual transactions entangled together. One of the main aims of Tangle is to eliminate or at least lower fees that require close management and human intervention.
The IOTA Foundation is the nonprofit foundation responsible for the ledger. It has formed partnerships and deals with various significant companies from Bosch to Volkswagen to extend the platform’s utility among connected devices. With these partnerships and its position of being significantly unique in the crypto sphere, IOTA has a unique price prediction unrivaled by any other altcoins on the market.
Pros and cons of IOTA
Like any cryptocurrency, IOTA has its fair share of incredible pros and limiting cons. We always aim for transparency in our articles. So in this section, we’re going to cover some of the most important pros and cons of IOTA.
|✔️ There are no “gas” fees or the need to “tip” miners to get your transaction faster. |
✔️ Theoretically more scalable than Bitcoin and Ethereum.
✔️ Extremely lightweight blockchain technology.
|❌ Lack of smart contracts limits the ability to host Defi applications.|
❌ A common criticism is that it’s mathematically easier for malicious nodes to attack the IOTA network, making it vulnerable to hackers.
Do you still have questions about IOTA? Rest assured, before we get into the price prediction, next we’ll cover some frequently asked questions about IOTA to give you a better understanding of the original digital asset and its price potential.
What is so different about IOTA?
When compared to the main cryptocurrency of Bitcoin and the classic blockchain, IOTA is completely different.
The IOTA technology and the classic blockchain have completely different approaches and are not comparable. BTC is a blockchain-based alternative electronic currency for human-to-human transfers, whereas IOTA is primarily a transfer protocol for data and value between machines or things. Human-to-human transfers are also possible.
Who uses IOTA?
Over its four-year history, IOTA has managed to secure some significant users. For example, Land Rover, STMicroelectronics, and Bosch are developing proof-of-concept built on IOTA technology.
How does IOTA gain value?
Like most cryptocurrencies, the value of IOTA is largely driven by speculation in its current state. As more people discover the wide range of its uses, its value grows. Due to its numerous advantages, support for IOTA is only expected to grow as cryptocurrencies become a more widely accepted alternative to fiat currencies. When it does, the value will likely grow in sync.
Can IOTA reach $100?
Because it is seen as nearly infinitely scalable, IOTA has secured partnerships and collaboration with various leading tech companies and other well-known businesses. It would not be impossible for IOTA to reach $100 one day, but it might take a while.
Where do people buy, sell, and trade IOTA?
You can buy, sell, and trade IOTA from any reputable crypto trading platform. If you are a new investor, then we suggest using eToro. It’s safe, regulated, and beginner-friendly. The eToro interface is very simple to use, and it has an array of trading tools to allow you to trade safely.
IOTA Price History
With a scarce supply of only 2,779,530,283 and an innovative mission that had not been seen before, there was widespread speculation as to how high IOTA can go when it hits the crypto sphere in 2017.
In 2017, IOTA was trading around the market price it currently is which is $0.27 per token. However, as IOTA began announcing multiple new partnerships, the price skyrocketed to $5.79 per token. But as the crypto bubble burst in 2018, the price of IOTA plummeted by 90% from its all-time high along with many other cryptocurrencies.
But the next year, IOTA bounced back and doubled in price with a 100% ROI after reaching a high of $0.50 per token. History then repeated itself as it set a new bear market low in the second half of the year at $0.14 per token.
IOTA saw the beginning of a recovery in 2020 but this was dashed in the Black Thursday crash. In 2021, it recovered to a price of $1.17 per token. Although it has a rocky price history, so do many digital assets. This has not deterred many from speculating that IOTA may soon be primed to skyrocket once again. But what do the experts have to say?
Expert analysis of IOTA
One of the best tools we can use to try and determine the potential future price of IOTA is to analyze the opinions of various crypto experts. Let’s delve into four estimated growth outlooks for various industry experts and analysts.
Overall, Prime XBT is bullish on the IOTA price prediction. Based on IOTA continuing to build partnerships with influential organizations and persisting with being a unique model that retains a solid support base, they believe IOTA has the potential to reach around $15 per token by the year 2025.
WalletInvestor uses an algorithm-based forecast in an attempt to predict the future price of cryptocurrencies. When it comes to IOTA, they are also bullish but not as much as PrimeXBT. Over the long term, WalletInvestor predicts that the price of IOTA could reach somewhere around $4.677 by the end of 2025.
DigitalCoinPrice is fairly bullish on its IOTA outlook and expects the price to gradually increase over the long term. DigitalCoinPrice predicts IOTA to reach $1.01 by the end of 2021, $1.44 by the end of 2023, and finally, a figure of $2.03 by 2025.
Another rather bullish expert analysis on EOS is LongForecast. They predict the price of EOS in 2021 to potentially reach up to $317 by the end of the year. In the following three years, they expect the price to rise to a high of between $209 and $259 by the year 2025.
So from over $1 in the short term to up to over $15 in the long term, the overall expert analysis on the future price of IOTA is overwhelmingly bullish with some potentially lucrative returns in store for investors. But what does the technical analysis tell us about the price potential of this innovative digital asset?
Technical analysis of the IOTA price potential
Now we move onto technical analysis to try and predict the future price of IOTA. This section will utilize powerful tools like the Japanese candlestick, chart patterns, and trading indicators. As well as giving traders the upper hand in day trading, they can enable us to discover long-term price predictions based on pure technicals when we assess longer time frames.
IOTA Price Prediction 2021 – 2022
Since the beginning of 2021, the price of IOTA skyrocketed by 138% from $0.2974 to $0.7069. It’s predicted that the IOTA price will rise an additional 88% in the second half of 2021 and it’s then expected to close the year at $1.33. A year-to-year change of +347%.
IOTA Price Prediction 2022 – 2023
After starting the year at $1.33, it’s predicted that the price of IOTA will rise to $1.73 per coin in the first half of 2022, it’s then expected to gain $0.30 and finish the year at $2.03, which is a +187% gain on the current price.
IOTA Price Prediction 2023 – 2024
After starting 2023 at $2.03, IOTA is expected to rise slightly to $2.19 midway through the year before going on the rise again and ending the year at $2.52 at an overall annual increase of 256% from the current price.
IOTA Price Prediction 2024 – 2025
After starting 2024 at $2.52, IOTA is expected to rise to $2.84 halfway through the year. The second half of 2024 is expected to see the price of IOTA end the year at a slightly higher price than the first half of 2024 at $2.96. That’s an overall annual increase of 319% on the current price.
The technical analysis of the IOTA price prediction forecast tells us that the price of IOTA has the potential to reach up to and possibly beyond 1000%. This data was provided by technical analysis from the Coin Price Forecast.
In conclusion, IOTA is one of the most unique and innovative digital assets on the crypto market today. In addition, it has successfully secured several lucrative partnerships in its history and continues to do so. Two prime features that can enormously affect the price.
As a result, many speculate that IOTA’s future price will have a price target well above the previous all-time high. But where to invest in this innovative investment for the long term? The answer lies in a reputable and well-established trading exchange with access to vital trading tools like eToro.
Where to buy IOTA
IOTA is available to buy and trade on eToro alongside 18 other cryptocurrencies. This is a well-established, highly regulated, and secure platform that has the potential to revolutionize your crypto trading.
What’s more, is that eToro allows you to access their incredible array of trading tools such as the Stop Loss, Take Profit, and built-in charting software that all let you maximize your potential profits whilst ensuring safe trading practices that protect your hard-earned funds. Also, eToro offers Leverage Trading on IOTA. This allows you to multiply small amounts to become large powerful positions that drive massive profits.
“Paper money is going away”.– Elon Musk
Overall, the financial situation, risk tolerance, and investment strategy of each person vary. IOTA is inherently volatile and the price can rise or drop at a moment’s notice, this brings advantages as it does risks. Both of which are important to understand and weigh against your own investment goals and needs. Only invest money you can afford to lose and balance out the risky nature of crypto investment by building a diversified portfolio.
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Disclaimer – This content is for informational purposes only and is not investment advice. The trading of IOTA and other alternative cryptocurrencies has potential rewards, and it also has potential risks involved. Trading may not be suitable for all people. Anyone wishing to invest should seek his or her own independent financial or professional advice.