Is IOTA a Good Investment?

IOTA Price Prediction 2022-2031

IOTA is one of the latest innovations tipped to power IoT (Internet of Things). Many people mistake IOTA for a blockchain or a cryptocurrency. But that is not what IOTA is about. IOTA is a distributed ledger technology developed to run the Internet of Things(IoT). One MIOTA is equal to one million IOTA. So, how can this fact affect our IOTA Price Prediction?

Most experts predict a rise in the value and price of IOTA (MIOTA) over time. IOTA is the first ledger with microtransactions without fees, secure data transfer, and Quantum-proof.

There are a lot of speculations and predictions of the future trend of IOTA Price Prediction as affected by the growing use cases of IOTA. For one, the design of the network eliminates all transaction fees. Additionally, the network is very fast. Combined, IOTA has near-unlimited scalability. It’s also far more energy-efficient than blockchain-based cryptocurrencies.

This write-up takes a deep dive into IOTA so you can make an informed decision on whether to include IOTA in your investment portfolio.

Today’s IOTA price is $0.256221 with a 24-hour trading volume of $9,560,088. IOTA is down 6.45% in the last 24 hours. The current CoinMarketCap ranking is #60, with a live market cap of $712,174,298. It has a circulating supply of 2,779,530,283 MIOTA coins and a max. supply of 2,779,530,283 MIOTA coins.

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What is IOTA (MIOTA)?

A lot of people think IOTA is a blockchain. This is not true. IOTA is simply a distributed ledger technology. IOTA records details of transactions and executes transactions that occur on the IoT. It has to do with IoT devices. IOTA is a groundbreaking new open-source distributed ledger that does not use a blockchain.

Its innovative new quantum-proof protocol, known as the Tangle, gives rise to unique new features like zero fees, infinite scalability, fast transactions, secure data transfer, and many others. IOTA is initially focused on serving as the backbone of the Internet-of-Things (IoT).

There are several similarities between blockchain technology and IOTA. However, they are not the same. They have different structures. IOTA strives to improve and develop scalability, a common problem most Blockchain-based technology faces. The IOTA coin is poised for cryptocurrency market capitalization by solving this problem.

IOTA Overview

IOTA Overview

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IOTA and the Internet of Things

IOTA’s most detailed explanation is that IOTA is a quantum-resistant ledger that operates in the machine-to-machine economy of IoT, data integrity, nano and micropayments, and every other industry that needs an adaptable decentralized payment system.

This digital currency was started in 2015. It has no scaling limits and zero fees. The decentralized agreement also allows validators to be end-users. IOTA as a digital currency provides a dedicated money supply to end-users without an inflationary cost.

The organization of blockchain technology has made it possible for decentralized networks to run global transactions without third-party involvement. While sufficient in the past, this arrangement began struggling as cryptocurrency gained popularity and adoption. This problem has led to an increase in end-user transactions and a slower processing speed for transactions. This is where Iota is needed.

The Latest IOTA news featured Fetch.ai and IOTA, who have now become partners and collaborated on a project for a data-sharing IoT platform. With so much potential in the technology, the partners of IOTA are definitely looking toward the bigger picture.

The Tangle Technology

Iota uses a distributed ledger different from others called Tangle. Tangle technology is block-less using ledger and IoT applications. It doesn’t require mining or other energy-consuming equipment.

The tangle technology is a Directed Acrylic Graph. As the blockchain grows, the assets needed to maintain it reduces. This trend is different from what is obtainable for most cryptocurrencies.

As the network grows to accommodate more end-users, Tangle transactions become faster and safer.

There has never been anything like IOTA, which is why there is so much interest in the IOTA price prediction and forecast. Many crypto giants are interested in how MIOTA grows with several predictions on its future.

Before we take a look at IOTA price prediction, we would do an IOTA technical analysis with a view of MIOTA price history. The price history would help understand the price forecast.

What makes IOTA different?

Iota is different because it has a promising future as a distributed ledger developed to run the Internet of things. It is fundamentally different from blockchain technology with very different structures. Iota’s core goal is to overcome the scalability problem with Blockchain technology.

Enhance frictionless data and value transfer

The Tangle technology is a directed acyclic graph (DAG) used on Iota. Tangle is open-source, feeless, scalable, and designed to enhance frictionless data and value transfer in the IoT ecosystem. The Tangle is particularly designed to solve many of the statics that traditional Blockchain is faced with at its core.

One transaction validates two others

Blockchain can only process 7 transactions per second. On the other hand, the Tangle is designed to have unlimited scalability, as transactions are stored individually in one stream and entangled together, in that one transaction validates two others, increasing transaction speed drastically.

As recently as June, it was confirmed that The Tangle processes 300 transactions per second. In contrast with Blockchain, as more transactions are carried out on the Iota network, the network speed runs even faster.

Transaction Verification Method

On Bitcoin’s Blockchain, users and miners on the network are separated into two groups. The former is then charged less, while the latter is rewarded when network activity increases and fee charges increase. This model has been proven inefficient and known to cause conflict on the network.

The Tangle removes the hierarchy of responsibility by employing a different transaction verification method to eliminate this problem.

There are two groups on the Tangle: sites (transactions) and nodes (devices). Both are required to validate transactions on the network. When nodes (devices) intend to issue transactions, the nodes are required to validate previous transactions on the Iota network. With each transaction issued, the network becomes even more secure.

Zero Transaction Fees

It takes minimal computational workload to verify transactions on Iota. This introduces yet another highly beneficial feature on Iota; it is feeless. The Tangle does not reward users for issuing transactions. As such, transactions do not attract any fee charges. Not now, and not in the future.

Using The Tangle, different machines can transfer and receive data efficiently. This makes IOTA very significant for accelerating the internet of things ecosystem.

IOTA Partnerships

The Tangle has put IOTA on the map as one of the most promising innovative technologies for the future of IoT. Many IoT companies have recognized iota’s potential as a next-generation technology and shown interest in adopting IOTA across their platform. IOTA Foundation has revealed that it is in talks with different companies intending to leverage the project’s underlying technology.

It was estimated that 26 billion objects would be powered by the Internet of Things this year. By 2025, the internet of things, according to McKinsey Global Institute, will make up between $4 trillion to $11 trillion of the global economy. The Iota foundation intends to become a major kept player in pioneering this industry.

Iota has multiple use cases across the IoT industry. While some of these are expected to be implemented in the industry much later, Iota can already boast of global organic adoption. The network has already begun developing real applications and solutions for some of the largest companies in the world.

IOTA real-world use cases

IOTA is in partnership with some of the world’s leading automobile companies. In 2018, Volkswagen partnered with Iota to integrate The Tangle technology into its vehicles. The German car manufacturing company revealed that Iota would facilitate downloading software to its vehicle while also unveiling its proof of concept for integrating Tangle extensively in its cars.

• In 2019, IOTA and Volkswagen launched what it called a “Digital CarPass.” A tool that was designed to collect data for mileage. Porsche also revealed that it was in talks with IOTA to develop a tool called Program 4. IOTA and Jaguar Land Rover recently developed a “smart wallet,” which utilizes the IOTA to transfer value and data.

• Clearly, IOTA is extremely focused on data processing. Another real-world use case is IOTA, Linux, and Dell Technologies partnering together to develop what is called a “data confidence fabric,” which is used for accurately verifying data.

• Smart charging, crowdfunding, smart homes, space exploration, Real-Time Data Storage, and Smart grids are some of the many other fields into which IOTA is embedded.

• The team behind IOTA believes that the potential use cases don’t end here. They believe their distributed ledger could deliver digital identities to all, resulting in car insurance policies that are based on actual usage, paving the way for cutting-edge smart cities, delivering seamless global trade, and proving the authenticity of products.

What Is Decentralized Finance (DeFi) on IOTA?

Although IOTA was originally designed to be a standard network protocol for IoT use cases, several attributes of the IOTA ecosystem make it a great protocol for DeFi applications.

• Chief among these attributes is IOTA’s feeless transaction architecture, meaning any smart contracts, trades, exchanges, or transactions executed on the network are free to process transactions on the protocol level.

• Fees, when needed, are determined only by the issuer of the contract or service.

• Another notable feature of IOTA is the flexibility of the network – both in terms of how easily it scales and how lightweight and adaptable the protocol can be. This makes IOTA a good framework for cross-chain swaps and currency-agnostic exchanges.

Iota Price History (2017-2021)

IOTA has positioned itself at the center of blockchain technology for its pioneering role in the proliferation of the Internet of things.

MIOTA was launched to the public in 2016, with the IOTA foundation raising five hundred thousand dollars in sales from the crowd.

IOTA is still pretty new, and there is a possibility that acceptance will increase. As acceptance increases, the price of Miota is expected to increase.

The founder of IOTA expressed optimism that the price of MIOTA will increase soon as more users buy Iota.

Based on the IOTA forecast that adoption of the cryptocurrency will lead to scarcity, the founder theorized that if each user of IOTA owned at least one dollar worth of IOTA and each human owned at least two devices, the IOTA price would soar through the roof due to demand soon.

Using this price forecast by the founder, IOTA is an investment to make. It also looks to be going well right now as IOTA reached the 43 cents USD mark in the middle of August 2020.

However, you don’t want to trust the price forecast of the founder alone. That’s why we have taken the time to look at the IOTA forecast of other experts.

What is MIOTA?

MIOTA is the unit of IOTA. It can be bought on most stock exchanges around the world. MIOTA is used to quote the IOTA price. The letter M refers to mega (1 million); thus, one MIOTA refers to one million IOTA units.

MIOTA, the currency used as a transaction medium among end-users on IOTA, has not been deemed investment-worthy by the industry. IOTA is a cryptocurrency with no transaction fees and requires no miners to process transactions.

However, it requires some computational power to submit a transaction, making it perfect for machines to use as a currency and distributed communication protocol for the Internet of Things “IoT.”

Investors expressed concerns about the prospect of MIOTA and whether it has the potential to compete with others in the cryptocurrency market.

What Factors Affect the Price of IOTA?

• Adoption rate: The faster IOTA is adopted, the faster IOTA price will increase.
• Demand: For IOTA, it is a major factor in determining its price. If there is an increase in demand, the Iota price will increase. A decrease in demand leads to a drop in IOTA price.
• Media: Media plays a huge role in the success of any cryptocurrency. Investors depend on them to write objective pieces about these currencies. The way the media writes about a cryptocurrency is a major determinant of the market price.
• The economic situation around the world can affect the IOTA price. The collapse of the traditional economic market due to the Covid19 pandemic will cause an increase in people seeking to secure their money in cryptocurrencies such as IOTA. This demand could affect IOTA’s price.

Where to buy IOTA

Iota (MIOTA) is currently available for purchase on the following exchanges:

• Uphold – This is one of the top exchanges for United States & UK residents that offers a wide range of cryptocurrencies. Germany & Netherlands are prohibited.
• Binance – Best for Australia, Canada, Singapore, UK and most of the world. USA residents are prohibited from buying Iota (MIOTA). Use Discount Code: EE59L0QP for 10% cashback off all trading fees.
• Gate.io – This exchange was established in 2013, and is one of the more popular & reputable exchanges. Gate.io currently accepts USA residents (excluding New York & Washington State).
• WazirX – This exchange is part of the Binance Group, which ensures a high quality standard.  It is the best exchange for residents of India.
• Other exchanges include OKX, ByBit, and DigiFinex. 

Where is the safe place for IOTA?

Suppose you are a casual trader that only seeks to dabble in IOTA trading at this moment. In that case, you may find that the most convenient option is to leave your crypto on your exchange if you are confident of its security against hacks. But with the instability of current crypto conditions, best to keep it in a hardware wallet.

Another alternative is to consider a reliable mobile wallet that supports IOTA. Mobile wallets are currently the most popular crypto storage method because of their convenience. Additionally, most of these platforms charge no download fees. Take a look at our mobile options here.

A hardware wallet is the best option if you seek to make a major investment in IOTA or are planning on HODLing this crypto for long periods. Hardware wallets keep your crypto stored offline in “cold storage.” This strategy makes it impossible for online threats to access your holdings. The Ledger Nano S or the more advanced Ledger Nano X both support IOTA.

You can also consider Firefly, the second and latest version of IOTA’s crypto wallet. The Firefly Wallet is the official entry point and home base for anyone holding IOTA tokens. The architecture behind the Firefly Wallet is modular, meaning that new modules will be made available with further advances in the ecosystem, and old modules will be updated or replaced as necessary.

IOTA Price Prediction 2022-2031

IOTA Technical Analysis

IOTA technical analysis indicates the digital asset has been trading in a range of $0.2661 to $0.2763 in the last 21days.IOTA saw a spike in prices and reached a peak of $0.3245 on 9/27/2022 before the bears came in to push the prices toward the recent lows of $0.2666.

The price of MIOTA is currently below the 50-day SMA, and this indicator has been signaling SELL for the last 24 days. The recent breakout above the $0.2700 resistance level has opened up the possibility for further upside in the near term. The next key resistance levels to watch out for are $0.2700 and $0.2750.On the downside, the main support levels are located at $0.2600, $0.2500, and $0.2750.

The moving average indicator (MA) is at the $6.35 level, and the exponential moving average (EMA) is at the $6.37 level. The Relative Strength Index (RSI) indicator is currently at the 41.40 level, which indicates that the market conditions are bearish and prices may continue to decline in the near term.

The IOTA market has seen a decrease in market volatility in the last week as the Bollinger bands are starting to contract. This indicates a breakout in either direction is likely. The MACD line is currently showing a bullish divergence as the MACD line is above the red signal line and well placed, indicating a strong bullish run might occur in the near term.

The Relative Strength Index line indicator is currently residing at 34,42 levels, almost in the oversold region. This indicates that if the current selling action prevails, we could likely see RSI reach 30 levels, the over-sold region.

Overall, the MIOTA market sentiment is bearish in the near term as the bears remain in control, and prices may continue to decline in the near term. But the bulls may also make a comeback and push prices higher if they are able to gather enough strength.

IOTA Price Prediction by Cryptopolitan

Our IOTA price prediction tracks a very promising coin. The network offers a new mechanism for distributed Tangle registers, thanks to which transactions occur for free while being confirmed by each network participant. In terms of price, IOTA has an outstanding potential to reach new heights in the future. Let’s take a look at year to year IOTA price growth.

IOTA Price Prediction 2022

Our IOTA  price prediction for 2022 shows that MIOTA is expected to attain a maximum price of $0.32. IOTA might retain this trend, and the price might remain at this level of $0.30 as the average and minimum trading price of $0.29.

IOTA Price Prediction 2023

Our IOTA  price prediction for the year 2023 is a maximum trading price of $0.51 and an average trading price of around $0.46.IOTA might retrace to a minimum price of $0.44 before the end of the year.

IOTA Price Prediction 2024

Our IOTA price forecast for 2024 is a maximum value of $0.77. IOTA suggesting the bullish run might continue. The IOTA token might potentially have a minimum price of $0.63 and $0.66 as the average forecast price.

IOTA Price Prediction 2025

Our IOTA price forecast for 2025 is a maximum price of $1.13 and an average price of $0.99. MIOTA is expected to decline to a minimum price of $0.96.

IOTA Price Prediction 2026

Our IOTA price forecast for 2026 is a maximum value of $1.65 and a minimum value of $1.34. The IOTA price forecast for 2025 also suggests an average price of $1.39.

IOTA Price Prediction 2027

Our IOTA price prediction for 2027 is a maximum coin price of $2.32 and attain an average price of $2.02.The minimum value for the cryptocurrency is estimated to be $1.96 before the end of 2027.

IOTA Price Prediction 2028

Our IOTA price prediction for 2028 is a maximum price of $3.35 and an average price of $2.96.The minimum value for the cryptocurrency is estimated to be $2.86 before the end of 2028.

IOTA Price Prediction 2029

Our IOTA price prediction for 2029 is a maximum coin price of $5.07 and a minimum price of $4.32. Later the price may grow to attain an average price value of $4.47.

IOTA Price Prediction 2030

Our IOTA price prediction for 2030 suggests IOTA might surge to a maximum value of  $7.66. IOTA might attain a minimum price of $6.19 and an average price of $6.37.

IOTA Price Prediction 2031

Our IOTA price prediction for 2031 suggests the IOTA token could attain new all-time highs and hit a maximum price value of $10.86. The digital currency is estimated to attain a minimum of $9.39 and an average price of $9.71 before the end of the year.

IOTA Price predictions by Wallet Investor

Based on Wallet Investor’s IOTA price predictions, IOTA is expected to decline in the long term and reach a trading price of $0.0373. The site expects the digital asset to continue declining in the long term and may not recover any time soon.

IOTA Price Predictions by Digital Coin Price ]

According to recent data analysis, the price of IOTA is expected to increase in the near future. By 2023, IOTA is expected to reach a minimum price of $0.57and a maximum price of $0.63. Their long-term IOTA price forecast suggests the digital currency to enter a bull run, and by 2027, the maximum and minimum prices are expected to be $1.43 and $1.27.

IOTA Price Prediction by Technewsleader

The IOTA price is forecasted to reach $0.41 by December 2022. The site expects IOTA prices to continue in an uptrend, and by 2027, IOTA might attain a maximum of $2.82, while in the long term, IOTA is projected to reach  $8.31.

IOTA Price Prediction by Industry Influencers

According to “Crypto Vault” a Youtuber who is also an IOTA investor, the price of IOTA is expected to reach $300 by the end of 2025.

This prediction is based on the increasing adoption of IOTA in the automotive industry. He believes that with more and more companies like Volkswagen, Jaguar, and BMW adopting IOTA, the price will continue to rise.

IOTA crypto price prediction – MIOTA will make people rich – YouTube

IOTA’s infrastructure is built for the ‘Internet of Things’ which is a catchy name for extreme surveillance. IOTA looks set to become the infrastructure for smart cities within Europe. It’s won some giant partnerships with huge corporations (most recently Dell) and (what for it) the European Union. Not a project I would like to succeed but it will.

James McMahon, @CryptoWithJames

Conclusion

IOTA is a good long-term investment as many market analysts predict a price hike in the coming years. IOTA has a bright future and is expected to maintain its current position in the cryptocurrency market. The adoption of IOTA is expected to increase in the coming years as it has many potential use cases. Here are the sources of IOTA’s growth potential:

• IOTA is a unique technology with the potential to change communication and data transfer as we know it. It is still a novel product, and its developers – the IOTA Foundation – have laid out several upgrades to be implemented over time. Following the recent launch of Shimmer, a validation and staging network for IOTA, investors can look forward to including only tested and successful updates on the IOTA network.

• All of IOTA’s long-term price predictions forecast the crypto market potentially seeing enormous growth in the future. IOTA has excellent fundamentals and a dedicated community that is always pushing for its adoption. With the maturing of the cryptocurrency market, IOTA is anticipated to see more general use and could possibly become one of the top cryptocurrencies in existence.

• IOTA seems to be a rather promising coin as far as price prediction goes. It offers a new mechanism for distributed Tangle registers, thanks to which transactions occur for free while being confirmed by each network participant. In terms of price, IOTA has an outstanding potential to reach new heights in the future.

• The IOTA Foundation has announced that its novel launch, Firefly, its new wallet, would change the scenario drastically for this digital asset. The features like reusable addresses, profiles, etc., would enhance the IOTA network performance replacing the infamous Trinity wallet. The developments and alliances with behemoths would surely make the coin’s market price against USD fly to the moon.

IOTA is still in its early phases, and there is a lot of room for development. IOTA is a good investment if you’re searching for a long-term investment. However, when investing, you should do your own research and not rely only on predictions.