IOTA(MIOTA) fights to reach the $1.2 level: IOTA Price Analysis, Price prediction by various experts
IOTA(MIOTA) is ranked 9 on the list of top cryptocurrencies on Coinmarketcap. The digital currency displayed a significant growth at the end of last year. It is set to be one of the best performers this year in the crypto market. IOTA has exhibited a gradual rise in prices. This can be the right time to invest in the coin as the trading charts resemble a stable pattern and also the coin is anticipated to have good returns.
IOTA(MIOTA) Price Today
Currently, MIOTA is trading at $1.18 against USD with a market cap of $32 billion. It has gained 7.64% in the past 24 hours and has a current trading volume of $84 billion. The MIOTA chart signifies that the prices have been struggling to reach above $1.2. Once during the day the seller pressure built up and the price crossed the $1.2 mark but tumbled again. Once it clears the $1.2 level the prices have chances of touching $1.41.
MIOTA has gained by 5.37% against Bitcoin in the past 24 hours. Currently, one MIOTA is valued at 0.00017BTC.
MIOTA’s market performance over different time periods
MIOTA: Last seven days
Support level: $0.903
MIOTA: Last 30 days
Support level: $1.10
Resistance Level: $1.23
MIOTA: Last 90 days
Support level: $1.8
Resistance Level: $2.6
MIOTA Price Prediction 2018
According to Smartereum, “The one-year forecast is around $ 11. This means from the current price, it will rise almost fourfold. The iota price prediction for 5 years is $ 38. This means that from the current price, it will be able to increase significantly. This is the reason why it is one of the best cryptocurrencies to invest in currently. Also, a credit investment of $ 100 will be around $ 1782 in 2022. This marks a 17 fold increase. This is the reason why many of the investors are looking to invest in this cryptocurrency.”
According to Finder, by August 1, 2018, IOTA’s price per unit is expected to range from $0.75 to $1.28. Fred Schebesta holds the lowest prediction at $0.81. He says, “There are quite a few fundamental issues with this tech. I want to see more from them before I back them fully.”
Finder also quotes experts like Rabbi Ahmed and Calvin Weight. Rabbi Ahmed, head of trading at Bit Trade, offers the highest prediction. He expects IOTA to hit $2.25 by December 31, 2018. Calvin Weight predicted a price of $1.50 by the end of the year, saying, “I believe that alts will start another hype cycle starting in the last quarter of the year which will bring IOTA above $1 again and close the year around $1.50.”
According to Longforecast, IOTA price forecast at the end of the year is at $0.75 and change for December is estimated at -15.7%. The forecast for 2020 is $1.03 which will indicate a loss of 6.8%.
MIOTA, Recent news
- IOTA community experienced a turbulent period in October 2017 when a bug was discovered in the network’s core code. To fix the problem they implemented the identity verification process for its customers to reclaim any lost tokens on the network which is the IOTA transaction verification.
- The IOTA foundation announced that the former Research Director of Volkswagen, Dr. Klaus Schaaf will join the company. Klaus who has worked with the automobile manufacturing giant for around 30 years will join IOTA in an official capacity.
IOTA combines to create a technology that could find a substantial use for non-profit organizations and charities seeking greater efficiency for donations and fund distribution. The IOTA Foundation has already positioned its currency as a humanitarian figure through last month’s partnership with the United Nations Office for Project Services (UNOPS) to improve the transparent efforts of the UN around the globe. Therefore, the cryptocurrency is expected to rise in value and become a favorite among investors.
Legal Disclaimer: The content of this website (bcfocus.com) is intended to convey general information only. This website does not provide legal, investment, tax, etc advice. You should not treat any information on bcfocus.com as a call to make any particular decision regarding cryptocurrency usage, legal matters, investments, taxes, cryptocurrency mining, exchange usage, wallet usage, initial coin offerings (ICO), etc. We strongly suggest seeking advice from your own financial, investment, tax, or legal adviser. Bcfocus.com does not accept responsibility for any loss, damage, or inconvenience caused as a result of reliance on information published on, or linked to the website.
Image via Shutterstock
Join our telegram group.