Due to the growing popularity of big cryptocurrencies, such as Bitcoin and Ethereum, we often do not pay attention to other digital assets. However, some of them may be more reliable and profitable. Such an example is the IOTA cryptocurrency. In this article, discover the latest IOTA price predictions, the prospects, and the characteristic features of this cryptocurrency.
- Buy Crypto at The Best Rate
- IOTA Overview
- What Is IOTA?
- What Is the Internet of Things?
- IOTA Price Analysis
- IOTA Price History
- IOTA Price Prediction
- Market Prediction for IOTA by Experts
- IOTA Price Prediction
- IOTA Price Prediction 2022
- MIOTA Price Forecast for September 2022
- October 2022: IOTA Price Forecast
- MIOTA Price Forecast for November 2022
- December 2022: IOTA Price Forecast
- IOTA Price Prediction 2023
- IOTA Price Prediction 2024
- IOTA Price Prediction 2025
- IOTA Price Prediction 2026
- IOTA Price Prediction 2027
- IOTA Price Prediction 2028
- IOTA Price Prediction 2029
- IOTA Price Prediction 2030
- IOTA Price Prediction 2031
- What will IOTA be worth in 2025?
- IOTA FAQ
- Does IOTA have a future?
- Will IOTA go back up?
- Is the IOTA coin worth buying?
- Can you make money with IOTA?
- Is IOTA the same as MIOTA?
- Is IOTA Ethereum based?
- Is IOTA staking live?
- Can you mine IOTA?
- Is IOTA better than Bitcoin?
|Price Change 24h||6.40%|
|Price Change 7d||24.17%|
|Circulating Supply||2,779,530,283 MIOTA|
|All time high||$5.69|
|All time low||$0.08|
What Is IOTA?
IOTA (MIOTA) is a smart contract platform that has fundamentally redesigned distributed ledger technology. Its innovative quantum-secure protocol, Tangle, enables unique new features, such as zero transaction fees, infinite scalability, fast transactions, secure data transfer, and many others. This digital asset offered users the advantage of fixed money at no inflationary cost.
The IOTA project was launched back in 2016. It is specifically designed to process and confirm online transactions between devices and machines connected to the Internet. In other words, it stores and executes online transactions in the IoT ecosystem. The project is aimed at supporting the Internet of Things, the machine economy, and the digital transition into the Metaverse. It is important to note that IOTA, unlike most cryptocurrencies, does not work with blockchain. Instead, it interacts with a registry, also known as IOTA Tangle.
IOTA has a rich history full of ups and downs, so we wrote a special article on “What is IOTA?”
IOTA Tangle does not follow a straight-line chain, and that’s how it actually differs from the blockchain. However, the fully decentralized platform follows the P2P (peer-to-peer) protocol. The DAG (Directed Acyclic Graph) technology was used for its development.
What are the features of IOTA? First of all, the developers abandoned the familiar but heavy blockchain in favor of Tangle’s unique technology. If blockchain technology is a sequential chain of blocks, and any branches are considered forks, then Tangle is a branched system that is constantly evolving in different directions. This technology of Tangle acts as a system of nodes wherein each new transaction confirms two previous ones. But let’s move on to the topic of the Internet of Things and, eventually, to IOTA price predictions.
What Is the Internet of Things?
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 a button on your smartphone. Similarly, a fitness tracker 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.
In 2015, Norwegian entrepreneur 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.
So, does IOTA stand for “Internet of Things Asset”? No! Iota is the ninth letter of the Greek alphabet to implicate the smallest unit — a micropayment.
However, IOTA is closely intertwined with the Internet of Things and aims to create a convenient means of payment to implement its futurological concept.
IOTA Price Analysis
Price analysis affects IOTA price predictions greatly. Back in 2016, the IOTA Foundation acquired its investment fund and established business relations with potential investors. Developers focused on large corporations that are more interested in developing technologies for the IoT.
Bosch and Cisco are interested in such technologies. Although industrial giants initially considered Ethereum as a platform for IoT, it turned out that it did not provide the functionality they needed. Then they thought of collaborating with HyperLedger, but the platform did not suit them with their excessive closeness. Despite this experience, they still liked IOTA so much that they invested in its development.
IOTA Price History
In the fall of 2017, the IOTA Foundation management announced plans to develop particular processors for IoT that could process thousands of transactions simultaneously. Microsoft has immediately become interested in this project. As soon as the companies signed a cooperation agreement, the price of IOTA increased by 44% in just a day. In December, the value reached a historic high of $5.69.
In 2020, the price of MIOTA had two peaks, reaching $0.34 in February and rising to $0.4 in August.
At the beginning of 2021, there was a reversal of the cryptocurrency market from a bullish trend to a bearish one. As a result, a strong pullback of the IOTA (MIOTA) price to $1.5-$2 occurred. In June 2021, the coin appeared on the crypto market at the rate of $0.63, but IOTA investors were in no hurry to show their confidence. Therefore, the MIOTA price dropped to $0.43 in three days and continued to fall further. And what about IOTA price predictions and price changes?
IOTA Price Prediction
Now, let’s learn about the recent history of IOTA price predictions from the most popular platforms.
With the Internet of Things becoming increasingly powerful, many crypto analysts foresee potential growth for the MIOTA price. However, cryptocurrencies are notoriously volatile, and MIOTA is no exception. So if you’re considering adding the asset to your portfolio, it’s important to do your own research to stay on top of the cryptocurrency trends.
Market Prediction for IOTA by Experts
When discussing IOTA’s market sentiments, it is worth underlining that, in general, crypto experts and community participants are optimistic about the prognosis of MIOTA. According to most of the IOTA price predictions by crypto experts and analysts, the short-term forecast is mainly bullish.
IOTA Price Prediction
IOTA Price Prediction 2022
According to the technical analysis of IOTA prices expected in 2022, the minimum cost of IOTA will be $0.34997. The maximum level that the MIOTA price can reach is $0.37996. The average trading price is expected around $0.35996.
MIOTA Price Forecast for September 2022
Based on the price fluctuations of IOTA at the beginning of 2022, crypto experts expect the average MIOTA rate of $0.32997 in September 2022. Its minimum and maximum prices can be expected at $0.29997 and at $0.33997, respectively.
October 2022: IOTA Price Forecast
Cryptocurrency experts are ready to announce their forecast for the MIOTA price in October 2022. The minimum trading cost might be $0.31997, while the maximum might reach $0.34997 during this month. On average, it is expected that the value of IOTA might be around $0.32997.
MIOTA Price Forecast for November 2022
Crypto analysts have checked the price fluctuations of IOTA in 2022 and in previous years, so the average MIOTA rate they predict might be around $0.34997 in November 2022. It can drop to $0.33997 as a minimum. The maximum value might be $0.36996.
December 2022: IOTA Price Forecast
In the middle of the year 2022, the MIOTA price will be traded at $0.35996 on average. December 2022 might also witness an increase in the IOTA value to $0.37996. It is assumed that the price will not drop lower than $0.34997 in December 2022.
IOTA Price Prediction 2023
After the analysis of the prices of IOTA in previous years, it is assumed that in 2023, the minimum price of IOTA will be around $0.50995. The maximum expected MIOTA price may be around $0.60994. On average, the trading price might be $0.52995 in 2023.
IOTA Price Prediction 2024
Based on the technical analysis by cryptocurrency experts regarding the prices of IOTA, in 2024, MIOTA is expected to have the following minimum and maximum prices: about $0.71993 and $0.86991, respectively. The average expected trading cost is $0.73993.
IOTA Price Prediction 2025
The experts in the field of cryptocurrency have analyzed the prices of IOTA and their fluctuations during the previous years. It is assumed that in 2025, the minimum MIOTA price might drop to $1.0399, while its maximum can reach $1.23988. On average, the trading cost will be around $1.07989.
IOTA Price Prediction 2026
Based on the analysis of the costs of IOTA by crypto experts, the following maximum and minimum MIOTA prices are expected in 2026: $1.81982 and $1.54985. On average, it will be traded at $1.59984.
IOTA Price Prediction 2027
Crypto experts are constantly analyzing the fluctuations of IOTA. Based on their predictions, the estimated average MIOTA price will be around $2.40976. It might drop to a minimum of $2.34977, but it still might reach $2.70973 throughout 2027.
IOTA Price Prediction 2028
Every year, cryptocurrency experts prepare forecasts for the price of IOTA. It is estimated that MIOTA will be traded between $3.44966 and $4.0496 in 2028. Its average cost is expected at around $3.56964 during the year.
IOTA Price Prediction 2029
Cryptocurrency analysts are ready to announce their estimations of the IOTA’s price. The year 2029 will be determined by the maximum MIOTA price of $6.13939. However, its rate might drop to around $5.24948. So, the expected average trading price is $5.39946.
IOTA Price Prediction 2030
After years of analysis of the IOTA price, crypto experts are ready to provide their MIOTA cost estimation for 2030. It will be traded for at least $7.48925, with the possible maximum peaks at $9.0391. Therefore, on average, you can expect the MIOTA price to be around $7.75922 in 2030.
IOTA Price Prediction 2031
Cryptocurrency analysts are ready to announce their estimations of the IOTA’s price. The year 2031 will be determined by the maximum MIOTA price of $13.30867. However, its rate might drop to around $10.77892. So, the expected average trading price is $11.16888.
What will IOTA be worth in 2025?
Most experts provide optimistic estimates — for example, Wallet Investor states that IOTA prices will be as high as $2.23 in 2025.
Does IOTA have a future?
Developers are constantly working on expanding partnerships. They are in search of various areas of technology application. Prior to the project, one of the creators of IOTA had already worked in the field of the Internet of things.
Will IOTA go back up?
Which factors affect the final long-term IOTA forecast? No one knows. Please do your own research before you invest — after all, it’s your own risk. 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. It is predicted that the cost of MIOTA will increase. According to technical analysts, crypto experts, and business analysts, IOTA might reach the highest price of $40.63 by 2030.
Is the IOTA coin worth buying?
IOTA is one of the most promising projects ever created in the crypto sphere. The idea behind it is just perfect, and the price prediction is optimistic. The question is in its realization. However, IOTA barely has any problems. So yes, IOTA is definitely worth buying.
Can you make money with IOTA?
IOTA’s current price prediction is constantly changing, and it primarily depends on the number of sellers and buyers on crypto exchanges and the balance of supply and demand. You can judge the purchase and sale volumes of MIOTA by the daily trading volume, which can also give an idea of the current demand for the token. Overall, the IOTA price prediction is optimistic, and the IOTA crypto coin’s past performance was good. So, it’s safe to say that you can make money with IOTA.
Is IOTA the same as MIOTA?
Yeah, MIOTA means “megaIOTA units.” 1 MIOTA equals 1,000,000 IOTA.
Is IOTA Ethereum based?
No, IOTA has a different concept than blockchain platforms like Ethereum: it was developed on a new platform called Tangle.
Is IOTA staking live?
This article is dedicated to the IOTA forecast. If you’d like to know for sure whether IOTA staking is live now, please head on to IOTA’s official website. The developers of the cryptocurrency make announcements for each season of staking.
Can you mine IOTA?
It’s impossible to mine IOTA tokens in a traditional way, like Bitcoin. However, the IOTA team has recently introduced staking. To learn more about it, please head on to our corresponding blog page. This IOTA forecast is just one article in the sea of lore and IOTA news!
The inability to mine has its own advantages. When it comes to Bitcoin, you pay miners to confirm each transaction. The IOTA network does not have miners, 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.
Is IOTA better than Bitcoin?
In a way, it is. Bitcoin is more valuable, of course, but it requires a lot of energy and electricity to mine. Meanwhile, there is no mining involved in the IOTA coin generation. Keep on monitoring the IOTA / MIOTA price prediction to know whether trading IOTA will become more beneficial than trading Bitcoin.
Disclaimer: Please note that the contents of this article are not financial or investing advice. The information provided in this article is the author’s opinion only and should not be considered as offering trading or investing recommendations. We do not make any warranties about the completeness, reliability and accuracy of this information. The cryptocurrency market suffers from high volatility and occasional arbitrary movements. Any investor, trader, or regular crypto users should research multiple viewpoints and be familiar with all local regulations before committing to an investment.