Is IOTA a Good Investment?

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

There are a lot of speculations and predictions of the future trend of IOTA Price. 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 today is $0.338070 with a 24-hour trading volume of $19,231,885 USD. IOTA is up 0.30% in the last 24 hours. The current CoinMarketCap ranking is #58, with a live market cap of $939,676,799. It has a circulating supply of 2,779,530,283 MIOTA coins and a max. supply of 2,779,530,283 MIOTA coins.

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 face. By solving this problem, the IOTA coin is poised for cryptocurrency market capitalization.

IOTA Overview

IOTA Overview

MIOTA Overview

Coin Symbol Price Marketcap Change Last 24h Supply Volume (24h)
MIOTA $ 0.310528 $ 865.26 M 5.23% 2.78 B $ 34.26 M

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. This arrangement, while sufficient in the past, began struggling as cryptocurrency gained popularity and adoption. This problem has led to an increase in the transactions made by end-users 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 towards 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, transactions using Tangle 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.
  • 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 on the IoT ecosystem. The Tangle is particularly designed to solve many of the statics that traditional Blockchain is faced with at its core.
  •  Blockchain can only process 7 transactions per second. The Tangle, on the other hand, 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 lesser, while the latter is rewarded when network activity is higher, and fee charges increase. This model has been proven to be inefficient and is 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.

IOTA Price Prediction 2022-2030: Is IOTA a Good Investment Option? 1

On the Tangle, there are two groups, known as 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 the acceleration of 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, and 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, Smart grids are some of the many other fields that IOTA is being embedded into.

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, there are also several attributes of the IOTA ecosystem that 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 Technical Analysis and 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 IOTA owned at least one dollar worth of IOTA and each human owning at least two devices, the IOTA price will 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 medium of transaction among end-users on IOTA, has not been deemed investment-worthy by the industry. IOTA is a cryptocurrency that has no transaction fees and requires no miners in order to process transactions.

It does, however, require 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 whether it has the potential to compete with others in the cryptocurrency market.

The IOTA forecast is often going between the good and bad, making investment prospects unsure.

IOTA Price History and Analysis

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 IOTA owned at least one dollar worth of IOTA and each human owned at least two devices, the IOTA price will 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 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 cryptocurrency 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 standard of quality.  It is the best exchange for residents of India.
  • Other exchanges include OKX, ByBit, and DigiFinex. 

Where is the safe place for IOTA?

If you are a casual trader that only seeks to dabble in IOTA trading at this moment, 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 the most popular crypto storage method currently because of their convenience. Additionally, most of these platforms charge no download fees. Take a look at our mobile options here.

If you seek to make a major investment in IOTA or if you are planning on HODLing this crypto for long periods of time, a hardware wallet is the best option. 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 Technical Analysis

On a 1-day chart, MIOTA is currently on a downward channel, as with the entirety of the market. If the coin hits the $0.26 support level and rebounds, we could see an upward trend toward the $0.62 resistance level. However, if the coin dips below the $0.26 mark, it could reach further downwards for the $0.15 support.

The RSI score also indicates an underbought asset, meaning that a trend reversal could be in the offing.

IOTA Price Prediction 2022 and beyond

Wallet Investor

The IOTA Price Prediction, according to Wallet Investor, shows that investing in IOTA is a good investment. 1-year projection happens to be 0.726 USD, and in 5 years, the price should be 2.170 USD. In the long run, investing in IOTA is expected to bring about a profit, according to Wallet Investor, and $100 invested today should give about +551.65% in revenue, with the $100 investment rising to $651.65 in 2027.

PricePrediction

According to the IOTA projection from PricePrediction, a steady rise in the price of IOTA is expected in the coming. The minimum, average and maximum prices in 2022 are expected to be $0.37, $0.38, and $0.43, respectively. If held for an extended period until 2030, the minimum, average, and maximum prices should be $11.87, $12.21, and $14.34.

TradingBeasts

TradingBeasts also shows that IOTA prices will increase. For June 2022, the minimum, maximum, and average prices predicted are $0.4443108, $0.6533893, and $0.5227186, respectively, with a change of %53.13. By December 2025, the minimum, maximum, and average prices should be $0.6248386, $0.9188803, and $0.7351042 with a change of %115.34. 

Cryptopolitan IOTA Price Prediction 2022-2030: Is IOTA a Good Investment Option? 2

Year Minimum Price ($) Average Price ($) Maximum Price ($)
2022 0.40 0.43 0.46
2023 0.44 0.48 0.53
2024 0.40 0.53 0.61
2025 0.57 0.64 0.72
2026 0.54 0.60 0.66
2027 0.63 0.73 0.88

IOTA Price Predictions 2022

Analysis compiled shows that in the long run, an increase in the price of IOTA is probable; these Algorithms expect an upward price shift in the coming weeks and months, making IOTA coin a profitable investment. We expect MIOTA price to have a minimum value of $0.40 and an average market price of $0.43. By the end of 2022, the maximum price target should meet our expectation of $0.46.

IOTA Price Predictions 2023

Our IOTA price prediction and technical analysis show that in 2023, MIOTA is expected to reach a minimum level of $0.44, with its average price being around $0.48. By the end of 2023, a maximum market price of $0.53 is expected. 

IOTA Price Predictions 2024

According to our IOTA Price Prediction for 2024, a minimum price of $0.40 is expected, with an average price of $0.53. And by the end of the year, MIOTA has the potential to reach $0.61.

IOTA Price Predictions 2025

IOTA price prediction for 2025 puts the minimum price of MIOTA at $0.57, with a forecasted average price of $0.64. By the end of the year, the MIOTA is expected to achieve a maximum price prediction of $0.72.

MIOTA Price Prediction 2026

According to the MIOTA price prediction for 2026, a minimum price of $0.54 is expected, with an average of $0.60. By the end of the year, we believe that a maximum price of $0.66 is attainable.

MIOTA Price Prediction 2027

Our MIOTA price prediction for 2027 expects IOTA to have a minimum price of $0.63, an average price of $0.73, and a maximum price of $0.88.

Conclusion

IOTA could disrupt that blockchain and cryptocurrencies if all goes according to the general predictions. The IOTA Community also plans to raise the moving average of the MIOTA token above its present price. MIOTA price is also poised to rise in the crypto market.

As IOTA continues to develop, and as the overall cryptocurrency market recovers, we may see the price of MIOTA rise, as indicated by the predictions. Based on all the predictions and analysis of the expected maximum price of the IOTA crypto coin, it is safe to conclude that IOTA is a good investment decision. In any case, it is better than keeping your savings in fiat currencies.

Despite the positive predictions, cryptocurrency markets are notoriously volatile, making it difficult to predict what a coin’s price will be in a few hours—let alone the future. As such, cryptoanalysis and algorithm-based price predictions are not a guarantee of making profits. But if you believe in the longevity and the use cases of the project, support it.

Do your own research, and be sure to keep an eye on the market’s latest trends, news, technical analysis, and expert opinion. And don’t invest more than you can afford to lose.

FAQs on IOTA

Will IOTA continue to rise in 2022?

Yes, we believe that the price of IOTA might soar in 2022 and beyond. We think it is poised for steady growth.

What will IOTA be worth in 2027?

According to our long-term IOTA price prediction, we believe MIOTA will be worth an average price of $0.73.

Is IOTA a good investment?

The IOTA network has real-life applications that go beyond serving as a store of value, and this fact makes this blockchain project particularly interesting. In other words, MIOTA is functional crypto with massive potential for the future.

What are IOTA’s future plans?

Iota’s future plan is to increase the adoption of the IOTA(MIOTA). This IOTA foundation will lead to an increase in the market price of Iota and market demand. IOTA price prediction shows the long-term IOTA forecast to be favorable.


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