IOTA is a cryptocurrency and open-source distributed ledger created specifically for the Internet of Things (IoT). In order to potentially scale more effectively than distributed ledgers based on blockchain, it uses a directed acyclic graph to store transactions on its ledger. In IOTA, nodes that issue new transactions on the network must first approve two older transactions, as opposed to using miners to validate transactions. As a result, transactions can be issued without cost, enabling microtransactions. As of 2024, the network reaches consensus using a coordinator node run by the Foundation. The network is currently centralized since the coordinator is a single point of failure.

A distributed ledger called MIOTA is utilized in the Internet of Things (IoT) ecosystem to keep track of and carry out transactions between people and devices. Tangle, an open-source, cost-free, and scalable distributed ledger where data and value can be transferred easily, is the main invention of IOTA. Tangle, according to it, is quicker and more effective than conventional blockchains. 

It’s interesting to note that the platform positions itself as the IoT’s backbone, acting as a network with tamper-proof data, fee-free micropayments, and minimal resource requirements. By enabling straightforward machine-to-machine transactions and connecting the human and machine economies, IOTA seeks to establish a “machine economy.”

It was founded by Sergey Ivancheglo, Sergei Popov, David Snsteb, and Dominik Schiener. The concept was introduced in October 2015 by announcing a token sale in an online Bitcoin community. Crowdfunding brought in almost $500,000 in 2015. To ensure the long-term stability of the project, the community contributed 5% of its tokens to the foundation.

The research article on Coordicide, a decentralized consensus method employed by IOTA, that was co-authored by members of the IOTA Foundation, was published in January 2020. On April 30, 2018, Serguei Popov released a Tangle research paper.

IOTA Coin Prices

IOTA’s current price is $0.171065 with a 24-hour trading volume of $7.73 million, a market size of $475.48 million, and a market dominance of 0.04%. MIOTA’s price has dropped -0.46% in the last 24 hours.

It had its highest price on December 6, 2017, when it traded at its all-time high of $ 5.54, while it reached its lowest price on March 13, 2020, when it traded at its all-time low of $ 0.077481. The lowest price since the all-time high was $ 0.077481 (cycle low). Since the last cycle low, the highest MIOTA price was $2.68 (cycle high). The current price forecast mood for it is negative, with the Fear and Greed Index reading 51 (Neutral).

IOTA’s current circulating supply is 2.78 billion MIOTA, with a maximum supply of 2.78 billion MIOTA.

IOTA Coin Analysis

IOTA’s best year was 2017 when its price of it climbed by 510.05% from 0.590255 to 3.60. The worst year for it was 2018 when the price fell by -90.11% from $ 3.60 to $ 0.356202. IOTA has grown at a rate of 120.18% per year on average over the previous seven years. IOTA typically performs best in Q4 with an average gain of 63.99% and poorest in Q2 with a loss of -11.99%.

On the Daily Chart:

• The Moving Averages Convergence Divergence (MACD) indicator for A-Smart Holdings Ltd. (IOTA) is 0.01, indicating that A-Smart Holdings Ltd. is a Buy.
• The 20-Day exponential moving average of A-Smart Holdings Ltd. (IOTA) is 0.14, while the share price of A-Smart Holdings Ltd. (IOTA) is €0.136, indicating a Sell.
• The 50-Day exponential moving average of A-Smart Holdings Ltd. (IOTA) is 0.14, while the share price of A-Smart Holdings Ltd. (IOTA) is €0.136, making it a Buy.

On the Weekly Chart:

• The Moving Averages Convergence Divergence (MACD) indicator for A-Smart Holdings Ltd. (IOTA) is greater than -0.01, indicating that A-Smart Holdings Ltd. is a Buy.
• The 20-Day exponential moving average of A-Smart Holdings Ltd. (IOTA) is 0.14, while the share price of A-Smart Holdings Ltd. (IOTA) is €0.136, making it a Buy.
• The 50-Day exponential moving average of A-Smart Holdings Ltd. (IOTA) is 0.14, while the share price of A-Smart Holdings Ltd. (IOTA) is €0.136, making it a Buy.

According to our technical indicators, IOTA’s 200-day SMA will grow during the next month and reach $0.203341 by September 9, 2023. The short-term 50-Day SMA for IOTA is expected to reach $ 0.215222 by September 9, 2023.

The momentum oscillator Relative Strength Index (RSI) is a prominent indicator that indicates if a cryptocurrency is oversold (below 30) or overbought (over 70). The RSI is now at 48.53, indicating that the MIOTA market is in a neutral state.

IOTA has support levels of $ 0.169793, $ 0.168497, and the strongest at $ 0.166243 based on today’s traditional pivot point (P1) of $ 0.172047. IOTA resistance levels are also 0.173343, 0.175597, and 0.176893.

On January 19, 2022, 538 days ago, the Bitcoin market saw its most recent Death Cross. The most recent Golden Cross occurred 643 days ago, on October 6, 2021.

Our technical indicators predict that IOTA’s 200-day SMA will grow during the coming month and reach $0.203355 by August 9, 2023. By August 9th, 2023, the short-term 50-Day SMA for IOTA is predicted to reach $0.0188304.

What does the Fear and Greed Index represent?

The Fear & Greed Index revealed the following about the market’s present mood: extreme fear (0–24), fear (25–49), neutral (50), greed (51–75), and extreme greed (76–100). While a dominantly optimistic emotion can be a good opportunity to sell, other traders view a dominantly negative feeling as a good opportunity to purchase. Various measures, such as price volatility, trading volume, social media mood, and more, are used to generate the Fear and Greed index.

IOTA Coin Prediction

IOTA pricing forecast to 2024

According to our forecast for the growth of the technology industry, the estimated price of MIOTA would range between $ 0.544365 and $ 1.634718, which means that in the best-case scenario, the price of IOTA is anticipated to increase by 820.16% by 2025.

IOTA pricing forecast to 2025

According to our forecast for the expansion of the technology industry, the predicted price of MIOTA would range from $0.696841 to $3.63, which means that by 2026, the price of IOTA is likely to increase by a maximum of 1,941.18%.

IOTA pricing forecast to 2026

According to our forecast for the expansion of the technology sector, the price of MIOTA is anticipated to be between $ 0.892027 and $ 8.04, which means that in the best-case scenario, the price of IOTA will increase by 4,427.95% by 2027.