IOTA (MIOTA) coin is a cryptocurrency project aimed at Internet-of-Things market and designed to execute transactions between individual devices and machines. The project is open-sourced, transactions are feeless and provide integrated data for all agents.
In general, the coin looks very promising, despite the fact that its rate cannot break the ~$0.4 per MIOTA since January 2019.
Nevertheless, the team is very active and there were some events that positively affected the growth of the asset. After a brief overview of the IOTA value description, we will move to MIOTA price predictions by the end of 2019 and beyond.
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IOTA (MIOTA) Coin Value
IOTA utilizes a technology called Tangle or Directed Acyclic Graph (DAG) instead of blockchain, unlike its competitors: Vechain, Waltonchain and IoT Chain.
There are no blocks in DAG and transactions are validated by each participating agent who ought to verify previous two transactions to be able to execute his own. Thus, the hierarchy of the DAG structure is more decentralized as everyone is doing the same computational work. It’s called the ‘pay-it-forward’ system which provides fee-free transactions and which is a necessary for microtransactions between devices.
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. 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 for the next generation of computation.
MIOTA Price Analysis For 2018
The MIOTA price is pretty similar to the Bitcoin price movement, there is no need for more comments here, it is just following the market maker.
IOTA vs Competitors
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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 (MIOTA) Price Predictions for 2019 & Beyond
IOTA is a great project with an excellent team of high-class professionals preparing the technology for the future market. Nevertheless, one should not expect a sharp rise in the value of the asset, since the Internet of Things itself is at a very early stage of development.
Based on this assumption, MIOTA price predictions in 2019 should be very conservative. The coin price will probably continue to rise with the market if the current bullish trend continues. Although we see a strong resistance level around $0.4 per MIOTA. And the market capitalization of the coin since January 1, 2018 has fallen by 92% at the moment to $1,073,225,094 USD.
It may be a few bursts of asset value through partnerships, like those that were in 2018 and early 2019, when IOTA entered into strategic agreements with Microsoft, Bosch, Land Rover, Fujitsu, etc.
Summing up, our IOTA (MIOTA) price prediction for 2019 is a price range in the range of $1-1.5, if the market continues its upward movement. By 2020, the cost may rise to a range of $4-10. However, serious growth should be expected in the next 5-10 years, when the Internet of Things will get adopted massively along with the development of the necessary assistive technologies, such as AI, Augmented Reality and 5G mobile networks.
Bullish Long-term Price Prediction
HYIP is on the side of other cryptocurrency projects and IOTA must continue to do what it does to increase its potential by 2020-2030. Most MIOTA price forecasts agree that the growth will not be lightning fast and will hardly overcome the $1 mark by the end of 2019.
Fundamentally, if you look at the development of the IoT market, then we can expect that the upcoming 10-year period will be a promising stage for MIOTA. For example, Smartereum expects the cryptocurrency to grow to as high as $38 over the next 5 years.
Simply put, now is the best time to invest in the Internet of Things and in IOTA (MIOTA) as a promising component of the rising market.