The development of blockchain technology has propelled forward some other innovations in cryptography-enforced ways of data storage and transfer. One of them is DAG — Directed Acyclic Graph, which is the basis for the IOTA project. What is in this project’s future and is IOTA crypto a good investment? Look at the IOTA price forecast below and decide for yourself.
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IOTA Price Prediction: How Big Can IOTA Get?
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Table of Contents
IOTA Fundamental Analysis
Project name
IOTA
Stock Symbol
MIOTA
Current Price
0.7161
Current Supply
2779530283.277761
ROI Since Launch
1162.3047795941307
IOTA is an open-source ledger designed for the Internet of Things. It is the first-ever ledger allowing microtransactions without any fees and with completely secure data transfer. It uses innovative quantum-proof technology known as Tangle or Directed Acyclic Graph instead of blockchain and thus it doesn’t have miners and all transactions are free. IOTA also provides faster transaction speed, endless scalability, and high-level security. Its goal is to become a backbone for the Internet of Things.
To perform a transaction only a small amount of computation power is needed making it a perfect currency to use by the machines and also distributed communication protocol for the IoT. IOTA aims to overcome the main issues of crypto such as the limitation of the big fees, slow approvals, and many restrictions.
As there are no miners to approve the transactions, every new transaction should approve two previous ones. Thus, to perform a transaction, every user needs to randomly (using weighted random walk) pick two transactions for approval.
IOTA foundation operates the coordinator node to achieve the consensus, which means that the coordinator is a single point of failure making the technology centralized.
The project was launched in 2015 in Berlin by four co-founders: Dominik Shiener, David Sonstebo, Sergey Ivancheglo, and Sergey Popov. Ivancheglo left the project in 2019, participating in its technology development independently.
IOTA token is a cryptocurrency that allows value transfers between machines and humans. The reason why only MIOTA is available on the exchanges is because tokens are traded in millions (MillionIOTA). Token has a total supply of 2,779,530,283 tokens and all of them are in circulation.
IOTA Price Prediction
Below we have collected the most reliable price projections for IOTA (MIOTA) from popular forecast platforms.
IOTA Price Prediction for 2022
As of IOTA price predictions for the rest of 2022, there are divergent opinions. TradingBeast expects an upturn towards $0.956967, and PricePrediction.net echoes with ~$1.403556 by the year’s end. Other experts, for example, from WalletInvestor, are more pessimistic about IOTA’s future price, citing numbers downwards of $0.608685 in December.
Potential ROI:
38%
Buy
IOTA Price Prediction for 2023
In their IOTA price predictions for 2023, PricePrediction.net forecasts the coin’s price to go down to $0.708939 by December. Forecasting IOTA future, WalletInvestor expects further decrease of its price, too, saying the IOTA price will reach ~$0.494109 by that time. On the contrary, TradingBeast keeps predicting IOTA price growth, quoting prices around ~$1.025992 in 2023.
Potential ROI:
4%
Buy
IOTA Price Prediction for 2024
IOTA price predictions for 2024 are still predominantly positive, with some analysts promising prices in the $0.802032–$1.122143 range (WalletInvestor, TradingBeast), while PricePrediction.net takes a different view and cites the possibility of the price reaching $0.587202 in December 2024.
Potential ROI:
17%
Buy
IOTA Price Prediction for 2025
PricePrediction.net has only optimism in store for the 2025 IOTA price prediction, valuing IOTA at $0.759066 by the end of 2025. TradingBeast agrees with a positive forecast and predicts, in turn, $1.374277 for the same period. On the other hand, WalletInvestor’s team is more pessimistic — their IOTA price prediction for December of this year is just $0.443982.
Potential ROI:
20%
Buy
IOTA Price Prediction for 2030
Speaking of long-term IOTA price predictions for 2030, experts present two polar opinions. PricePrediction.net expresses the view that IOTA price won’t grow further and, opposedly, will decline to $0.257796. TradingBeast’s price prediction for IOTA echoes with the projection of a downtrend to $0.096199. Despite this, WalletInvestor’s vision remains positive, promising growth up to $0.873642.
Potential ROI:
-43%
Sell
Summary
As it can be clear from the analysis cited above, IOTA (MIOTA) projections are rather contradictory. There is no universal consensus either about positive or negative future MIOTA price movements. Indeed, the future possible growth depends on various factors: announcements, new technological solutions of the IOTA projects, the crypto environment in general, legal position, and so on. We kindly remind you that before investing in any cryptocurrency, it is essential to do your own research (DYOR).
Disclaimer:
This article should not be considered as offering trading recommendations. The cryptocurrency market suffers from high volatility and occasional arbitrary movements. Any investor should research multiple viewpoints and be familiar with all local regulations before committing to an investment.
