IOTA (MIOTA) Price Forecast for the Next Five Years
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. Here, at Changelly, we follow the Internet of Things world updates and treat the IOTA project with respect. The new phase, called Chrysalis, is coming just in October.
In 2017, IOTA demonstrated an amazing uptrend as a whole cryptocurrency market. A few years after, 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 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.
IOTA (MIOTA) Live Price
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 Token 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.
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.
In 2020, the price of MIOTA has two peaks. In February, its rate reached $0.34. In August, the price rise to $0.4.
IOTA vs Competitors
Year of birth
more than 9000%
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 Cryptocurrency Price Prediction for 2020-2025
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 the IOTA crypto coin in 2020, 2022 and 2025.
#1. Prime XBT Price Forecast for 2020-2025
According to the source, the price of IOTA can take the new highest price of $7. It will be following another long downtrend. By 2025, the uptrend can repeat, so the coin can reach $35.
#2. TradingBeasts Price Forecast for 2020-2022
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. Digital Coin Price IOTA Forecast for 2020, and 2025
According to the source, IOTA (MIOTA) is a profitable investment. In 2020, the price can reach $0.6. In 2025, the rate will not change so much. However, one IOTA crypto coin can cost $1.34.
#5. Long Forecast Price Prediction for 2020, and 2023
The source predicts a 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 $0.5 to $0.7.
#6. Fundstrat Digital Asset Report and Prediction
According to the research, the potential of IOTA project and IoT is huge. If IOTA network succeeds, the network can be worth approx. $220B. The rate can bounce up to 45%. These results can be visible by the end of 2035. IoT adoption could accelerate faster than expected as equipment and services costs continue to fall.
Is IOTA a Good Investment?
IOTA is one of the most promising projects ever created in the crypto sphere. The idea is just perfect. The question is its realisation. However, IOTA barely has any problems. So yes, IOTA is a good investment.
Will IOTA Go Up?
According to some crypto forecast AI, IOTA can go up to $5 in one year.
Developers are constantly working to expand partnerships. They are in search of various areas of technology application. One of the creators before the project, already worked in the field of the Internet of things. Together with startup Stealth, he launched the production of processors under IoT, where the emphasis is on ultra-low consumption.
Who Invented IOTA?
IOTA founded by David Sonstebo, Sergey Ivancheglo, Dominik Schiener, and Dr. Sergey Popov.
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.