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). It’s designed to record details of transactions and executes transactions that occur on the IoT.
Most experts predict a rise in the value and price of IOTA (MIOTA) over time. But the price has been caught up lately by the bear market.
IOTA is currently valued at about $0.268, with a market capitalization of $743 million. According to Coinmarketcap, the token has been down by more than 95% since the ATH five years ago.
1. Wallet Investor Wallet Investor predicts that IOTA is a bad long-term (1-year) investment. The price of IOTA might drop to $0.262 by the end of 2023.
2. DigitalCoinPrice DigitalCoinPrice expects IOTA to increase in the near future. It predicts that the price will reach a minimum of $0.37 and a maximum of $0.46 in 2023.
3. TradingBeast TradingBeasts forecast that IOTA could potentially rise to as high as $0.44 by 2023. Although there are also some bearish forecasts, the general trend seems to be positive.
2022 IOTA has the potential to reach an average of $0.39 and a maximum price of $0.43 by 2022. The minimum could be $0.38. 2025 The IOTA price is expected to continue its upward trend and reach an average of $1.17 by 2025 and a maximum of $1.39. 2030 IOTA has the potential to reach an average price of $7.27 by 2030. The minimum and maximum IOTA prices are predicted to be $7.07 and $8.16, respectively.
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.