Iota Price Index – Real-time MIOTA rate
Iota Price Live Performance Indicators
Iota Price Summary
IOTA is one of the most unique cryptocurrencies and unlike most cryptocurrencies that operate on blockchain, IOTA uses its proprietary technology called Tangle. It is a system of nodes that confirm transactions. Since there is no blockchain, there are no miners, and this means that there are no fees on the IOTA blockchain. The IOTA network intends to provide limitless throughput at minimal expense.
Although IOTA is not one of the top cryptocurrencies at the moment, its year-to-date performance has been impressive. MIOTA, the native coin of the IOTA network, is up by over 400% year-to-date. MIOTA began the year trading at $0.29 per coin, and it is now trading at $0.88. This is after reaching a peak of $2.5 on 16th April 2021. Since the bearish trend began, MIOTA is down by nearly 70%, and it is now trading close to the $1 mark. Despite the bearish cycle, MIOTA hasn’t dropped below the $0.5 level, maintaining over a 100% profit since the start of the year. This could lead to a higher profit margin once the Bull Run resumes. If you are an IOTA investor, you should keep track of MIOTA’s price performances as it will allow you to make more informed and better investment decisions.
IOTA Price History
IOTA is also one of the cryptocurrencies that came into existence during the market rally of 2017. Looking at the performances and returns generated by some of the leading cryptocurrencies since their inception, IOTA’s performance hasn’t been impressive. MIOTA was launched on 13th June 2017 and was trading at $0.5 per coin. Four years later, MIOTA is trading at $0.9 per coin, representing a 90% return on investment during that period. Considering other leading cryptocurrencies that have delivered thousands of percentages in ROI, MIOTA’s performance isn’t very impressive.
Following its launch in June 2017, MIOTA benefitted from the bull run of that year to reach its all-time high of $5.25 on 19th December 2017. That represented a 1000% surge in value, with the early investors benefiting from the price movement. The next two years were characterised by the bear market, with Bitcoin and every other major cryptocurrency losing roughly 70% of their value during that period.
MIOTA began to recover earlier this year, with the bull market returning once again. However, it was only able to rally to $2.36 on 18th April before losing some of the gains and falling below the $1 mark again. By staying close to the $1 region, MIOTA could be primed to surge past the $2 mark once the bull market returns.
IOTA Price Prediction
Volatility is a well-documented feature of cryptocurrencies, and it creates numerous opportunities for traders and investors in the market. The instant surge in price presents profitable opportunities, but it could also crash just as easily, presenting an element of risk in the market. This is why it is always recommended that investors integrate risk management techniques when conducting their probability-based predictions.
Despite its performance in recent years, IOTA has established some interesting partnerships within the cryptocurrency space. In recent months, its partnership with the Trademark East Africa will help improve trading activities in the region. IOTA also launched a feeless NFT marketplace, a unique one in the crypto space.
The IOTA development team continues to improve the network, including the addition of smart contracts functionality.
The upcoming developments and further partnerships by the IOTA Foundation could play a key role in how the cryptocurrency performs over the next few months and next year. MIOTA has been able to stay above the $0.5 support level in the past few months, and this could allow it to make an impressive run once the market rally resumes.
Expert Tip on the Price of MIOTA“ By 2025, it is estimated that there will be more than 41.6 billion connected IoT devices. The market continually matures, and as such, IoT is increasingly becoming the component that enables the exchange of information between people and processes. Iota’s technology is becoming an integral part of a digitalised world, now and in the future. At the moment, automotive and industrial equipment represents the largest opportunity for using IoT devices. Potentially, soon there will be a strong adoption of IoT devices in the household and as wearable accessories. Let us also not forget the endless capabilities in the video surveillance and drone sector. The future relevance of this digital asset could be very bright indeed. ”- Hassan Maishera
IOTA was created in 2017, at a time when the cryptocurrency market began to gain the attention of millions of investors globally. It is a unique cryptocurrency because it doesn’t use blockchain technology in the traditional sense like other cryptos. IOTA uses the Tangle technology that retains blockchain’s ability to execute secure transactions but eliminates the need for blocks.
The IOTA blockchain seeks to provide solutions that no other cryptocurrency can. It wants to provide efficient, secure, lightweight and real-time micro-transactions without fees. The goal of the network is to become the de-facto platform for executing transactions between Internet of Things (IoT) devices. With the IoT market growing, IOTA wants to be the blockchain billions of devices globally use to execute transactions.
Iota Value Compared to Other Cryptocurrencies
Frequently Asked Questions
MIOTA has performed excellently so far in 2021. It began the year trading at $0.28 per coin and is now trading above $0.9, representing an over 400% surge in value. IOTA reached a yearly high of $2.36 on 18th April 2021.
IOTA is a unique coin because it doesn’t use blockchain technology in the traditional sense like the other cryptocurrencies. Instead, it uses Tangle, a technology that seeks to retain blockchain’s ability to execute secure transactions.
At the moment, the entire supply of 2,779,530,283 MIOTA coins are already in circulation. There is no mining, and all the coins have been released into the market.
Volatility shouldn’t stop you from buying cryptocurrencies. This feature creates numerous profitable opportunities in the market. Instead, we encourage you to conduct proper fundamental and technical analyses of MIOTA at each point to help you determine if you should invest in the cryptocurrency at that moment or not.
You can buy MIOTA from a wide range of cryptocurrency exchanges and brokerage platforms. Ensure that you only buy MIOTA from regulated platforms.