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What Is the IoTeX price prediction today
AT A GLANCE
- In 2024, IoTeX price is expected to reach $0.06863405940935681, according to some experts
- 2025 promises to be turbulent, with prices ranging from $0.0019286702741001436 to $0.08119036795246395, with WalletInvestor predicting a breakthrough leading to a price rise to $0.08119036795246395
- By 2030, IOTX price can hit $0.06863405940935681
IoTeX fundamental analysis
IoTeX was founded in 2017 by Raullen Chai, the head of cryptography at Uber; Quevan Guo, product lead at Facebook; Xinxin Fan, sr. research scientist at Bosch; and Jing Sun, managing partner at Sparkland Capital.
IoTeX is the first Internet of Things decentralized ecosystem that combines digital and physical worlds, allowing users to overcome the centralized organisations' control over the devices and empowering users to capture value from the devices they own through the decentralized applications (DApps).
IoTeX combines blockchain, secure hardware (TEE), and data innovation to create the Internet of Trusted Things (IoTT) and provide end-to-end trust for all network participants. IoTeX assignes a unique decentralized identity (DID) to people, machines and businesses, allowing them to interact in peer-to-peer (P2P) networking.
IoTeX is an open-source blockchain protocol that brings the power of blockchain to devices, DApps, and NFTs. IoTeX allows developers to build any Solidity-based smart contract quickly and with very low fees.
The IoTeX blockchain uses Roll-DPoS consensus mechanism, a type of Delegated Proof of Stake (DPoS) designed in-house to support the high scalability required for IoT use cases. Unlike traditional DPoS that utilizes a fixed number of Delegates, Roll-DPoS randomly selects 24 of the top 36 community-voted Delegates to produce blocks every hour, which improves the decentralization and security of the IoTeX network without sacrificing performance.
IOTX is the native utility token of the IoTeX network that governs the underlying blockchain protocol while being used as the gas for the blockchain protocol. IoTeX stakeholders can spend, stake, and/or burn IOTX in order to access network resources. IOTX allows users to access DApps/services and delegates to stake IOTX in order to be eligible to mine and get rewards, it also gives developers a way to power their devices/DApps and incentives, and presents service providers with the opportunity to offer services to devices/DApps that can be paid in IOTX. IOTX is burnt after a new device joins the network and an airdrop is being completed. With the increase of devices, the value of the IOTX token grows.
IoTeX live price chart
At the beginning of 2022, the IoTeX coin’s value was fluctuating widely. With the price of $0.128, IOTX fell to $0.1 in two weeks, then it rose to $0.12 and, by the end of January, dropped to $0.07. The situation didn’t change much till April: the IOTX token price was varying between $0.07 and $0.1 for two months.
On April 3 IOTX peaked at $0.104 and hit one of the highest points of the year, but since then the IoTeX token price was gradually losing its value, reaching $0.029 by mid-May. The second part of the month IOTX was trying to recover, and on May 31 it went up to $0.04111.
In June the token price was slightly declining, and by June 19 it fell to $0.02428. There was a gentle growth the next two weeks, but then IOTX dipped again.
In July the IoTeX coin was fluctuating between $0.02 and $0.03. And at the end of the month IOTX started its upturn. By August 17 it was traded for $0.04, but then the price decreased.
For two months the IOTX price was at the level of $0.027, and it halted around that point till November. On November 8 the IoTeX foundation launched W3bstream, a decentralized infrastructure for connecting smart devices to smart contracts, which affected the IOTX price: it climbed to $0.03409. However, the price went down since then.
The IoTeX coin price stayed constantly low, and on December 21 it hit the lowest point of the year with the price of $0.01977.
The IoTeX token didn’t avoid a year-long bear market in 2022, but, finally, IOTX started to show an upward trend. In January 2023 the coin price steadily went up, and by the end of the month it jumped to the level of $0.03 again. The token price is very likely to increase in the near future.
IoTeX technical analysis
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IoTeX price prediction
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