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IOTA is an open-source distributed ledger that does not use a blockchain. Its innovative new quantum-secure protocol, known as Tangle, generates unique new features such as zero fees, infinite scalability, fast transactions, secure data transfer, and many others.
In 2017, IOTA demonstrated amazing uptrend as a whole cryptocurrency market. Now the asset following the common trend. What can change the rate of MIOTA? Let’s find out in Changelly’s IOTA price prediction for the end of 2019, 2020 and 2025.
IOTA (MIOTA) Fundamental Value
In 2015, Norwegian David Sønstebø gathered an initiative group of developers in Germany. Together they founded the IOTA Foundation and conducted an ICO to attract investors to their unusual startup. The main idea of the project was to create a convenient means of payment for the implementation of the futurological concept of the Internet of Things (IoT).
IoT is a network of devices connected to the Internet and equipped with electronic chips for data transmission and processing. What does it look like in practice? For example, the refrigerator automatically defrosts when you press the desired button on your smartphone. Similarly, a fitness bracelet measures the physiological parameters of your body during a workout and sends reports to your iPhone. Most of the existing technologies with the prefix “smart” belong to the category of IoT.
The so-called Sønstebø group decided to create a special platform for IoT with secure communication channels and the original payment unit. According to the developers, with the help of such a platform, users will be able to sell or rent their technological resources to other people such as equipment (e.g., ASIC) or even hard disk space. Holders of electronic databases will be able to sell megabytes of free space. Large corporations will be able to sell real-time data on their products (e.g., information about the state of household appliances).
What are the features of IOTA? First of all, the developers abandoned the familiar but heavy blockchain in favor of Tangle’s unique blockless technology. If a blockchain is a sequential chain of blocks, and any branches from it are considered forks, then Tangle is a branched system that is constantly evolving in different directions.
In Bitcoin, you pay miners to confirm each transaction. IOTA does not have them, which means that no one needs to pay. There are no commissions in the system at all, therefore IOTA is the best option for microtransactions. In networks with a high commission, including Bitcoin, the lion’s share simply burns out during the transfer.
|Curr. Supply / Total Supply||2,779,530,283 MIOTA|
|ROI since launch||More than 9000%|
|All-Time High / All-Time Low||$5.69 / $0.14793|
Overall, the IOTA team has made tremendous progress in exploring the technology that underlies the distributed ledger of the Tangle.
The key points are:
– Scalability based on overall network activity. The Tangle ledger nature says that the more active network members, the faster the transactions are confirmed. The current average confirmation time is around 3 minutes.
– Zero-fees transactions. Sure there is no need for transaction fees between devices.
– Quantum Immune. IOTA utilizes special hash-based cryptography called Winternitz signatures, which makes it entirely immune to the next generation of computation.
IOTA Price History
Back in 2016, the IOTA Foundation acquired its own investment fund and began to establish business relations with potential investors. Developers focus on large corporations that are more interested than others in the development of technologies for the IoT.
Even Bosch and Cisco are interested in such technologies. Initially, industrial giants considered Ethereum as a platform for IoT. However, it turned out that this platform does not provide the functionality they need. Then they thought to collaborate with HyperLedger. The platform did not suit them with their excessive closeness. Despite it, they really liked IOTA so much, so they invested in the crypto development.
In Autumn of 2017, the IOTA Foundation management announced plans to develop special processors for IoT that can process thousands of transactions simultaneously. The project immediately became interested in Microsoft. As soon as the companies signed a cooperation agreement, the price of IOTA in just a day increased by 44%. In December, the value reached a historic high of $5.69.
Since then, the price of the coin follows the general trend of the market.
IOTA vs Competitors
|Market cap.||$783 424 146||$190 603 573||$32 228 966||$9 786 326|
|Year of birth||2015||2015||2018||2017|
|Curr. ROI||more than 9000%||-77,15%||-28,56%||-85,65%|
IOTA vs Competitors Popularity Analysis
Obviously, IOTA is the most popular project among competitors, and only Vechain is close to its level. However, if you look at the cost of the MIOTA chart from the moment of the bullish trend in December 2017 and compare it with its popularity in Google Trends, we see that interest in the project has not increased since MIOTA price peak at $5.23 per coin.
IOTA Technical Analysis
Well, there is not actually any technical analysis expertise of IOTA cryptocurrency. However, here is the aggregate rating for IOTA from several traders & analysts on TradingView.
IOTA Price Prediction for 2019-2020 & 2025
Most experts agree that IOTA is a project with excellent prospects.
Experts say that over the next two years we will see the massive development of IoT, so the need for technical solutions for the “Internet of things” will only grow. And the IOTA Foundation has already proposed such solutions. An open and fast payment system for transactions has been created, and work on microprocessors will begin in the near future. That is, IOTA is not just another cryptocurrency, but a means to support very relevant technology.
Experts advise investing in cryptocurrency now, and get profit in 2-3 years or later when the Internet of things will become a truly massive phenomenon. The more people learn about IoT capabilities, the greater will be the need for IOTA. As you already know, it is the demand for cryptocurrency that determines its market value. Now, let’s find out what should we wait from IOTA cryptocurrency in 2019, 2020, and 2025.
#1. WalletInvestor IOTA Bullish Price Prediction for 2019, 2020 & 2025
According to WalletInvestor source, the price of IOTA may drop from 0.279 USD to 0.0472 USD. The change will be -83.0967%. In 2020, the price can increase to $0.446. In 2025, the rate of MIOTA can reach $2.232.
#2. TradingBeasts Price Forecast for 2019-2022
By the end of 2019, the price will rise up to $0.3233212. In 2020, MIOTA price will not change significantly. It will reach only $0.4347959. The rate will grow gradually. So in 2021, the cost of one IOTA crypto token will be equal to $0.5087706. In 2022, IOTA will be worth of $0.6250045.
#3. Reddit Users Price Prediction for IOTA
Reddit users are completely sure that the price of MIOTA depends on the Bitcoin rate.
#4. DigitalCoinPrice IOTA Forecast for 2019, 2020, and 2025
According to the source, IOTA (MIOTA) is a profitable investment. By the end of the year, the price of one MIOTA can go up to $0.55085758. In 2020, the price can reach $0.82164248. In 2025, the rate will not change so much. However, one IOTA crypto coin can cost $1.34.
#5. LongForecast Price Prediction for 2019, 2020, and 2023
By the end of this year, the MIOTA coin price will range from $0.28-0.32. The source predicts downtrend for 2020, so the price of the asset will be $0.13-0.17. In 2023, the rate won’t change a lot, the price of one IOTA will be from $0.25 to $0.29.
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.