IOTA [MIOTA] Price Prediction 2018: IOTA/USD on a downtrend
IOTA is trading in a descending channel. The long-term chart displays a strong resistance. The prices started hiking and reached $1.24 on July 4 however, failed to continue the upward momentum due to heavy seller pressure. IOTA prices tumbled and experienced breakouts at all major support levels.
The significant area of trading today is from $1.03 to $1.09. The 200 EMA line is showing a downtrend. It reached a swing high of $1.884 today and started sinking. It is currently trading at $1.0671 and is rising against USD at the rate of 1.29%. The prices found support at $1.0405 and displayed a gradual rise in prices. However, the current trend indicates that the price is slumping again. The price can show promises of rising only if it crosses the $1.15 handle.
IOTA is currently trading at a loss of 1.54% against BTC. IOTA’s price variation is coinciding with BTC price variation according to the price chart. At present, one IOTA is equal to 0.00016 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. According to Profitconfidential, IOTA price for 2020 will be at $4.98.
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.
While the market might exhibit a bearish trend for the coin, MIOTA has the potential to grow. 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 has the potential to positively affect the company’s growth.
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