IOTA [MIOTA] Price prediction 2018: IOTA on an Uptrend
IOTA is exhibiting a stable uptrend and is currently trading at $0.9989 and is gaining against USD by 2.33%. IOTA is facing buyer pressure, therefore the price seems to be on an uptrend. The major resistance level has risen to $1.1 from a resistance level of $0.977. IOTA is currently trading with a market cap of $2 billion and the current trading volume is found at $3 million.
IOTA [MIOTA] Price Technical Analysis
The significant trading range for today is found to be from $0.98 to $1.01.The MACD is traced in the bullish zone and the price seems to favor an uptrend. The key resistance level can be noted at $1.01 and the price is clearly eyeing to maintain a $1 handle. It is favorable to buy the coin when the price reaches $0.95 which is found to be the major support level. The 100 EMA line exhibits an uptrend since yesterday. The current support level is at $0.988 and the prices haven’t experienced any breakouts.
IOTA is gaining against BTC by 1.02%. Currently, one IOTA is equal to 0.00015665 BTC.
IOTA Price Prediction 2018
According to Smartereum, the one-year forecast is around $ 11. This means the current price will rise almost fourfold. The iota price prediction for 5 years is $ 38. A credit investment of $ 100 will be around $ 1782 in 2022. This marks a 17 fold increase.
According to Tradingbeasts, the price prediction for 2020 ranges from $7.06 to $10.38. John McAfee predicts that the coin will exhibit the slowest growth compared to all the other coins. He says the growth will be at around 20% per year. According to Walletinvestor, the price of the coin will be around $ 3.865. So, if you were to invest $100 today when the price of MIOTA is $1.747, your investment could grow to $221 in a year.
The digital token utilizes IoT, an interesting technology which has been a hype since its beginning. The company also uses a different technology called Tangle rather than blockchain technology. It has partnered with giant companies like Volkswagen and Samsung. These factors have the potential to positively affect the company’s growth. The cryptocurrency shows a great long-term investment potential.
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