IOTA Price Prediction 2023-2031: Should You Buy IOTA?

IOTA Price Prediction 2023-2031

IOTA Price Prediction 2023 – up to $0.39
IOTA Price Prediction 2025 – up to $0.77
IOTA Price Prediction 2028 – up to $2.15
IOTA Price Prediction 2031 – up to $6.94

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). One MIOTA is equal to one million IOTA. So, how can this fact affect our IOTA Price Prediction?

Most experts predict a rise in the value and price of IOTA (MIOTA) over time. IOTA is the first ledger with microtransactions without fees, secure data transfer, and Quantum-proof. Hans Moog thanked the IOTA team members adding:

I am extremely happy to finally work together with @der_muXxer and @alexsporn as these guys are top-notch engineers and for the very first time since I joined IOTA we no longer have to split ourselves up between research and engineering. If you didn’t follow the progress of IOTA, yet – now is the time to actually take notice!
Hans Moog

There are a lot of speculations and predictions of the future trend of IOTA Price Prediction as affected by the growing use cases of IOTA. For one, the design of the network eliminates all transaction fees. Additionally, the network is very fast. Combined, IOTA has near-unlimited scalability. It’s also far more energy-efficient than blockchain-based cryptocurrencies.

For those looking for Hans Moog in Twitter and Discord, he’s been working hard on weekends:

#IOTA 2.0 is a living beast indeed! Thanks for the overview Jonas! pic.twitter.com/yVVglkyx1l
— bennnni.web3 (@bennnni_web3) November 16, 2022

Today’s IOTA price is $0.214597 with a 24-hour trading volume of $8,255,713. IOTA is down 4.20% in the last 24 hours. The current CoinMarketCap ranking is #64, with a live market cap of $596,479,311. It has a circulating supply of 2,779,530,283 MIOTA coins and a max. supply of 2,779,530,283 MIOTA coins.

This guide takes a deep dive into IOTA so you can make an informed decision on whether to include IOTA in your investment portfolio.

Also Read:

What is IOTA (MIOTA)?

A lot of people think IOTA is a blockchain. This is not true. IOTA is simply a distributed ledger technology. IOTA records details of transactions and executes transactions that occur on the IoT. It has to do with IoT devices. IOTA is a groundbreaking new open-source distributed ledger that does not use a blockchain.

Its innovative new quantum-proof protocol, known as the Tangle, gives rise to unique new features like zero fees, infinite scalability, fast transactions, secure data transfer, and many others. IOTA is initially focused on serving as the backbone of the Internet of Things (IoT).

There are several similarities between blockchain technology and IOTA. However, they are not the same. They have different structures. IOTA strives to improve and develop scalability, a common problem most Blockchain-based technology faces. The IOTA coin is poised for cryptocurrency market capitalization by solving this problem.

IOTA Overview

IOTA Overview

[mcrypto id=”102283″]

IOTA and the Internet of Things

IOTA’s most detailed explanation is that IOTA is a quantum-resistant ledger that operates in the machine-to-machine economy of IoT, data integrity, nano and micropayments, and every other industry that needs an adaptable decentralized payment system.

This digital currency was started in 2015. It has no scaling limits and zero fees. The decentralized agreement also allows validators to be end-users. IOTA as a digital currency provides a dedicated money supply to end-users without an inflationary cost.

The value transfer protocol IOTA was created in 2015 by David Sønstebø, Dominik Schiener, Sergey Ivancheglo, and Serguei Popov. Many of the IOTA tokens were sold during a crowd sale from November to December 2015, during which 100% of the token supply was issued.

The organization of blockchain technology has made it possible for decentralized networks to run global transactions without third-party involvement. While sufficient in the past, this arrangement began struggling as cryptocurrency gained popularity and adoption. This problem has led to an increase in end-user transactions and a slower processing speed for transactions. This is where Iota is needed.

Fetch.ai and IOTA have now become partners and collaborated on a project for a data-sharing IoT platform. With so much potential in the technology, the partners of IOTA are definitely looking toward the bigger picture.

The Tangle Technology

Iota uses a distributed ledger different from others called Tangle. Tangle technology is blockless using ledger and IoT applications. It doesn’t require mining or other energy-consuming equipment.

The tangle technology is a Directed Acrylic Graph. As the blockchain grows, the assets needed to maintain it reduce. This trend is different from what is obtainable for most cryptocurrencies.

As the network grows to accommodate more end-users, Tangle transactions become faster and safer.

There has never been anything like IOTA, which is why there is so much interest in the IOTA price prediction and forecast. Many crypto giants are interested in how MIOTA grows with several predictions on its future.

Before we take a look at IOTA price prediction, we would do an IOTA technical analysis with a view of MIOTA price history. The price history would help understand the price forecast.

What makes IOTA different?

Iota is different because it has a promising future as a distributed ledger developed to run the Internet of things. It is fundamentally different from blockchain technology with very different structures. Iota’s core goal is to overcome the scalability problem with Blockchain technology.

Enhance frictionless data and value transfer

The Tangle technology is a directed acyclic graph (DAG) used on Iota. Tangle is open-source, feeless, scalable, and designed to enhance frictionless data and value transfer in the IoT ecosystem. The Tangle is particularly designed to solve many of the statics that traditional Blockchain is faced with at its core.

One transaction validates two others

Blockchain can only process 7 transactions per second. On the other hand, the Tangle is designed to have unlimited scalability, as transactions are stored individually in one stream and entangled together, in that one transaction validates two others, increasing transaction speed drastically.

As recently as June, it was confirmed that The Tangle processes 300 transactions per second. In contrast with Blockchain, as more transactions are carried out on the Iota network, the network speed runs even faster.

Transaction Verification Method

On Bitcoin’s Blockchain, users and miners on the network are separated into two groups. The former is then charged less, while the latter is rewarded when network activity increases and fee charges increase. This model has been proven inefficient and known to cause conflict in the network.

The Tangle removes the hierarchy of responsibility by employing a different transaction verification method to eliminate this problem.

There are two groups on the Tangle: sites (transactions) and nodes (devices). Both are required to validate transactions on the network. When nodes (devices) intend to issue transactions, the nodes are required to validate previous transactions on the Iota network. With each transaction issued, the network becomes even more secure.

Zero Transaction Fees

It takes a minimal computational workload to verify transactions on Iota. This introduces yet another highly beneficial feature of Iota; it is feeless. The Tangle does not reward users for issuing transactions. As such, transactions do not attract any fee charges. Not now, and not in the future.

Using The Tangle, different machines can transfer and receive data efficiently. This makes IOTA very significant for accelerating the internet of things ecosystem.

IOTA Partnerships

The Tangle has put IOTA on the map as one of the most promising innovative technologies for the future of IoT. Many IoT companies have recognized iota’s potential as a next-generation technology and shown interest in adopting IOTA across their platform. IOTA Foundation has revealed that it is in talks with different companies intending to leverage the project’s underlying technology.

It was estimated that 26 billion objects would be powered by the Internet of Things this year. By 2025, the internet of things, according to McKinsey Global Institute, will make up between $4 trillion to $11 trillion of the global economy. The Iota foundation intends to become a major kept player in pioneering this industry.

Iota has multiple use cases across the IoT industry. While some of these are expected to be implemented in the industry much later, Iota can already boast of global organic adoption. The network has already begun developing real applications and solutions for some of the largest companies in the world.

IOTA real-world use cases

IOTA is in partnership with some of the world’s leading automobile companies. In 2018, Volkswagen partnered with Iota to integrate The Tangle technology into its vehicles. The German car manufacturing company revealed that Iota would facilitate downloading software to its vehicle while also unveiling its proof of concept for integrating Tangle extensively in its cars.

In 2019, IOTA and Volkswagen launched what it called a “Digital CarPass.” A tool that was designed to collect data for mileage. Porsche also revealed that it was in talks with IOTA to develop a tool called Program 4. IOTA and Jaguar Land Rover recently developed a “smart wallet,” which utilizes IOTA to transfer value and data.

Clearly, IOTA is extremely focused on data processing. Another real-world use case is IOTA, Linux, and Dell Technologies partnering together to develop what is called a “data confidence fabric,” which is used for accurately verifying data.

Smart charging, crowdfunding, smart homes, space exploration, Real-Time Data Storage, and Smart grids are some of the many other fields into which IOTA is embedded.

The team behind IOTA believes that the potential use cases don’t end here. They believe their distributed ledger could deliver digital identities to all, resulting in car insurance policies that are based on actual usage, paving the way for cutting-edge smart cities, delivering seamless global trade, and proving the authenticity of products.

#IOTA will be at @INATBA_org‘s Digital Blockchain Week to answer the question “How Will Web 3/Metaverse Developments Impact Climate Action?”

What Is Decentralized Finance (DeFi) on IOTA?

Although IOTA was originally designed to be a standard network protocol for IoT use cases, several attributes of the IOTA ecosystem make it a great protocol for DeFi applications.

Chief among these attributes is IOTA’s feeless transaction architecture, meaning any smart contracts, trades, exchanges, or transactions executed on the network are free to process transactions on the protocol level.

Fees, when needed, are determined only by the issuer of the contract or service.

Another notable feature of IOTA is the flexibility of the network – both in terms of how easily it scales and how lightweight and adaptable the protocol can be. This makes IOTA a good framework for cross-chain swaps and currency-agnostic exchanges.

Iota Price History (2017-2021)

IOTA has positioned itself at the center of blockchain technology for its pioneering role in the proliferation of the Internet of things.

MIOTA was launched to the public in 2016, with the IOTA foundation raising five hundred thousand dollars in sales from the crowd.

IOTA is still pretty new, and there is a possibility that acceptance will increase. As acceptance increases, the price of Miota is expected to increase.

The founders of IOTA expressed optimism that the price of MIOTA will increase soon as more users buy Iota.

Based on the IOTA forecast that adoption of the cryptocurrency will lead to scarcity, the founder theorized that if each user of IOTA owned at least one dollar worth of IOTA and each human owned at least two devices, the IOTA price would soar through the roof due to demand soon.

Using this price forecast by the founders, IOTA is an investment to make. It also looks to be going well right now as IOTA reached the 43 cents USD mark in the middle of August 2020.

However, you don’t want to trust the price forecast of the founder alone. That’s why we have taken the time to look at the IOTA forecast of other experts. Here are some explanations and projections by one of the co-founders and Hans Moog circa 2021:

What is MIOTA?

MIOTA is the unit of IOTA. It can be bought on most stock exchanges around the world. MIOTA is used to quote the IOTA price. The letter M refers to mega (1 million); thus, one MIOTA refers to one million IOTA units.

MIOTA, the currency used as a transaction medium among end-users on IOTA, has not been deemed investment-worthy by the industry. IOTA is a cryptocurrency with no transaction fees and requires no miners to process transactions.

However, it requires some computational power to submit a transaction, making it perfect for machines to use as a currency and distributed communication protocol for the Internet of Things “IoT.”

Investors expressed concerns about the prospect of MIOTA and whether it has the potential to compete with others in the cryptocurrency market.

What Factors Affect the Price of IOTA?

Adoption rate: The faster IOTA is adopted, the faster IOTA price will increase.
Demand: For IOTA, it is a major factor in determining its price. If there is an increase in demand, the Iota price will increase. A decrease in demand leads to a drop in IOTA price.
Media: Media plays a huge role in the success of any cryptocurrency. Investors depend on them to write objective pieces about these currencies. The way the media writes about a cryptocurrency is a major determinant of the market price.
The economic situation around the world can affect the IOTA price. The collapse of the traditional economic market due to the Covid19 pandemic will cause an increase in people seeking to secure their money in cryptocurrencies such as IOTA. This demand could affect IOTA’s price.

Where to buy IOTA

Iota (MIOTA) is currently available for purchase on the following exchanges:

Uphold – This is one of the top exchanges for United States & UK residents that offers a wide range of cryptocurrencies. Germany & Netherlands are prohibited.
Binance – Best for Australia, Canada, Singapore, UK and most of the world. USA residents are prohibited from buying Iota (MIOTA). Use Discount Code: EE59L0QP for 10% cashback on all trading fees.
Gate.io – This exchange was established in 2013, and is one of the more popular & reputable exchanges. Gate.io currently accepts USA residents (excluding New York & Washington State).
WazirX – This exchange is part of the Binance Group, which ensures a high-quality standard. It is the best exchange for residents of India.
Other exchanges include OKX, ByBit, and DigiFinex.

IOTA New Developments

The team behind the IOTA network has been working actively on some key updates recently. After launching the IOTA Shimmer network a month ago, IOTA has been focused on its next goal. Last 31 October, the IOTA team met in Berlin to have open discussions around the IOTA tokenomics, and their vision. IOTA team member Hans Moog has shared some important updates about the upcoming updates coming to the IOTA network.

After having been gone for almost 3 weeks I am finally back and I think its time for a short update as a lot of things happened in the last weeks:

1. We had a strategy summit in Berlin where we settled all remaining open discussions around things like tokenomics, and our vision.
— Hans Moog 🦋 (@hus_qy) October 30, 2022

The IOTA team has been working on multiple issues as of now. This includes Chain Management, Multi-Engine development, Tangle Pruning, Network overhaul, and a ton of other fixes. IOTA team member Hans Moog explains that they have finished writing the consensus-related parts of the prototype. In addition, they have also been preparing the integration into the general node framework broken unit along with other integration tests.

Where is the safe place for IOTA?

Suppose you are a casual trader that only seeks to dabble in IOTA trading at this moment. In that case, you may find that the most convenient option is to leave your crypto on your exchange if you are confident of its security against hacks. But with the instability of current crypto conditions, best to keep it in a hardware wallet.

Another alternative is to consider a reliable mobile wallet that supports IOTA. Mobile wallets are currently the most popular crypto storage method because of their convenience. Additionally, most of these platforms charge no download fees. Take a look at our mobile options here.

A hardware wallet is the best option if you seek to make a major investment in IOTA or are planning on HODLing this crypto for long periods. Hardware wallets keep your crypto stored offline in “cold storage.” This strategy makes it impossible for online threats to access your holdings. The Ledger Nano S or the more advanced Ledger Nano X both support IOTA.

You can also consider Firefly, the second and latest version of IOTA’s crypto wallet. The Firefly Wallet is the official entry point and home base for anyone holding IOTA tokens. The architecture behind the Firefly Wallet is modular, meaning that new modules will be made available with further advances in the ecosystem, and old modules will be updated or replaced as necessary.

IOTA Technical Analysis

IOTA Price Prediction 2023-2031: Should You Buy IOTA? 1

IOTA price analysis for November 17, 2022, reveals the market following a complete bearish movement, obtaining massive negative momentum, signifying a decline for the IOTA market. The price of IOTA has remained negative over the past few hours. Today, the price crashed and went from $0.227 to $0.216. However, the market started to further decrease in value soon after, as the cryptocurrency already loses more of its value. Moreover, IOTA has decreased and reached $0.215, just shying away from the $0.220 mark.

IOTA price analysis reveals the market’s volatility following an increasing movement, which means that the price of IOTA is becoming more prone to experience variable change on either extreme. The Bollinger’s band’s upper limit is $0.282, serving as IOTA’s strongest resistance. Conversely, the lower limit of Bollinger’s band is $0.197, which is the strongest support point for IOTA.

The IOTA/USD price appears to be moving under the price of the Moving Average, signifying a bearish movement. Moreover, the market’s trend seems to have shown bearish dynamics in the last few days. As a result, the market has decided on a negative approach. However, yesterday the market broke, the market started opening its volatility, and the price started moving downwards.

IOTA price analysis shows the Relative Strength Index (RSI) to be 38, signifying a stable cryptocurrency. This means that the cryptocurrency falls in the lower neutral region. Furthermore, the RSI path seems to have shifted to a downward movement. The declining RSI score also means dominant selling activities.

IOTA price analysis reveals the cryptocurrency follows a strong downward trend with much room for further activity on the declining extreme. Moreover, the market’s current condition appears to be following a negative approach. Therefore, we can assume that the bears will start making their moves soon to maintain their control over the market.

IOTA Price Predictions by Cryptopolitan

Due to the fiascos which affected the cryptocurrency industry in the closing months of 2022, the price of the IOTA token has dropped by more than 80 percent year to date. However, IOTA did participate in last October’s crypto market rally gaining nearly 10 percent during the same period. We will push forward toward 2023 Price Prediction with a fresh, hopeful outlook.

Our IOTA Price Prediction for 2023 is a maximum price of $0.39; expecting this overall bullish trend to lead to a maximum price of $1.55 in 5 years and in 10 years from now, a peak price of $6.94.

IOTA Price Prediction 2023

IOTA’s price prediction for 2023 by Cryptopolitan expects an overall bullish trend leading to a maximum price of $0.39, indicating a significant gain on the current price. We also anticipate a minimum price level of $0.32 and an average market price of $0.33. Their new developments and frequent updates could influence the price levels of the cryptocurrency. IOTA price prediction 2022 has been a really on-and-off annual roller-coaster for cryptocurrency, let’s hope 2023 will be better.

IOTA Price Prediction 2024

IOTA is forecasted to attain a maximum value of $0.55 based on our IOTA price forecast for 2024. Investors can expect an average price of $0.45, with its lowest possible price set at $0.44. If IOTA seals new partnerships with other major blockchain networks, investors will have easy accessibility to the token, thereby increasing its adoption and market price.

IOTA Price Prediction 2025

Our IOTA price prediction for 2025 anticipates IOTA to reach a maximum price of $0.77 by the end of the year. A minimum price of $0.63 and an average forecast price of $0.65 are expected. With a higher adoption of blockchain-based applications in the future, IOTA prices could see an enormous increase in value.

IOTA Price Prediction 2026

IOTA forecast is anticipated to have an overall bearish market based on our IOTA price prediction for 2026, leading to a fall in maximum price to $1.09 and a minimum price of $0.89, respectively. An average market price of $0.92 is expected. Crypto volatility and market restrictions are forces that lead to these low prices.

IOTA Price Prediction 2027

According to our IOTA price prediction for 2027, IOTA investors will record huge profits, as the cryptocurrency could reach a peak price of $1.55. Throughout the year, IOTA is assumed to maintain an average price of $1.31 and a minimum value of $1.28. Due to reduced fees, transparency, security, as well as faster transactions, IOTA could witness a surge in price.

IOTA Price Prediction 2028

Based on our IOTA price prediction for 2028, IOTA could trade between $1.89 to $2.15. The expected average price is $1.94. Being one of the best-performing digital coins in the crypto market, there would be a huge demand for the token in the future, leading to a massive increase in price.

IOTA Price Prediction 2029

According to our IOTA price prediction for 2029, IOTA will trade at a maximum price of $3.26, indicating an increase in the current price of up to a significant amount. The digital coin is expected to maintain an average trading price of $2.82 and a minimum price of $2.75 throughout the year.

IOTA Price Prediction 2030

According to our IOTA price prediction for 2030, IOTA is predicted to attain a maximum price of $4.68. We also anticipate a significant increase in the price support level leading to a minimum price of $3.95 and an average market price of $4.06.

IOTA Price Prediction 2031

IOTA is predicted to maintain an overall bullish trend leading to a peak price of $6.94 based on our IOTA price prediction for 2031. The price indicates a significant increase in the current market price. An average price of $5.85 and a minimum price of $5.68 is expected. The digital coin has huge potential that could attract many users, influencing these high prices.

IOTA Price Predictions by Digital Coin Price

According to DigitalCoinPrice’s Iota coin price estimate for 2022, the coin may cost $0.47 in September of this year and $0.51 in December. According to the website, it will eventually average $0.50 per year in 2023. According to the website, the average price of an Iota in 2025 will be $0.67. Additionally, the website projects an Iota price of $1.59 for 2030.

IOTA Price Predictions by Wallet Investor

The IOTA MIOTA price prediction for 2027 is $6.352 based on our IOTA forecasts, indicating a long-term increase is anticipated. The expected return on investment for the price of IOTA over a five-year period is +439.36%.

IOTA Price Predictions by TradingEducation

IOTA’s price may rise to $2.85 by the end of 2022, $4.55 by the end of 2023, and $18.17 by the end of 2025, according to current long-term estimates, according to TradingEducation. In 2027, IOTA will cost $12.42, and in 2030, it will cost $38.02.

IOTA Price Predictions by Industry Experts

IOTA Price Prediction 2023-2031: Should You Buy IOTA? 4

A few additional improvements for the IOTA 2.0 blockchain, on which they have lately been working, have been released by the IOTA development team. In the discord channel, IOTA team member Jonas Theis outlines some of the significant developments they have been working on.

The L1 smart contracts and social integration are only two of the several additional projects the IOTA team is currently working on. IOTA 2.0’s social integration will provide users with the status of first-class citizens in an effort to incorporate real-world trust. IOTA will be positioned, in Jonas Theis’ opinion, as both a settlement layer and a liquidity layer as a result of these changes. As a result, the IOTA 2.0 network will have strong fault tolerance, no damaging MEVs, and excellent parallel execution for zk-Rollups.

He continued by saying that there is currently no rush to implement sharding given the state of ZK technology, fractional scaling, and rollups in general.

IOTA 2.0 has been under development by the IOTA research team since 2019 with the aim of creating “a feeless, completely decentralized, and secure IOTA system.” The IOTA 20 is a transparent and fair network in which all users are subject to the same laws, algorithms, and rights.

Every blockchain node in IOTA 2.0 directly contributes to network consensus and security by validating transactions. The IOTA team announced the IOTA 2.0 Development Network’s debut in June of last year.

IOTA 2.0 DevNet offers developers a brand-new playground, as well as a wide range of tools, features, use cases, and opportunities, to create novel new features.

Conclusion

Iota has done admirably throughout the course of the last two years. The token has, however, lost more than 90% of its value since reaching an all-time high four years ago.

Recently, the market has been a little gloomy, and Iota has been generally declining. However, the value of cryptocurrencies can fluctuate greatly, going both up and down. Do your own homework before investing, and never risk more than you can afford to lose.

IOTA is a good long-term investment as many market analysts predict a price hike in the coming years. IOTA has a bright future and is expected to maintain its current position in the cryptocurrency market. The adoption of IOTA is expected to increase in the coming years as it has many potential use cases. Here are the sources of IOTA’s growth potential:

IOTA is a unique technology with the potential to change communication and data transfer as we know it. It is still a novel product, and its developers – the IOTA Foundation – have laid out several upgrades to be implemented over time. Following the recent launch of Shimmer, a validation and staging network for IOTA, investors can look forward to including only tested and successful updates on the IOTA network.

All of IOTA’s long-term price predictions forecast the crypto market potentially seeing enormous growth in the future. IOTA has excellent fundamentals and a dedicated community that is always pushing for its adoption. With the maturing of the cryptocurrency market, IOTA is anticipated to see more general use and could possibly become one of the top cryptocurrencies in existence.

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.

The IOTA Foundation has announced that its novel launch, Firefly, its new wallet, would change the scenario drastically for this digital asset. The features like reusable addresses, profiles, etc., would enhance the IOTA network performance replacing the infamous Trinity wallet. The developments and alliances with behemoths would surely make the coin’s market price against USD fly to the moon.

IOTA is still in its early phases, and there is a lot of room for development. IOTA is a good investment if you’re searching for a long-term investment. However, when investing, you should do your own research and not rely only on predictions.

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