- IoTeX: A Sneak Peak
- IoTeX: The Coin For The Machine Economy
- IoTeX Partnerships
- IoTeX Price Prediction: Price History And Technical Analysis
- IoTeX Price Prediction: By Crypto Influencers
- Is IoTex A Good Investment? When Can You Buy?
- Final Thoughts
The numerous developments and vigorous evolutions across the crypto world have triggered several altcoin projects. IoTeX has a bright future ahead as it has a unique idea to empower billions of devices and dApps across the digital and real world. According to our IoTeX price prediction, this coin will surge to its all-time high soon as the platform acts as grit for machine economics that serves the functionality of machines ranging from smart devices to autonomous motor vehicles.
IoTeX: A Sneak Peak
IoTeX is the decentralized and privacy-centric blockchain network that is lifting the narrative of individual data control and democratization, integration of the digital world, device automation, Metaverse, and the physical world. IoTeX network is building a system which allows the interaction between machines and market participants while developing faster and easier methods for privacy preservation and front-running the advent of blockchain 3.0.
IOTX (Internet Of Things) is the native currency of the IoTeX network. The token was created on the idea of security of control. IoTex aims to build the internet of trusted things for businesses, machines, humans and Decentralized Applications (dApps). One of the main issues of the blockchain network is the tracking of information, which many individuals find to be a breach of their privacy and control. IOTX is a platform that provides its users with control and alerts over the inflow and outflow of data from their devices. This indicates that users are allowed to control what happens to their personal data while capitalizing on it. Let’s have a quick look at IoTeX’s current details.
| Cryptocurrency. | IoTeX. |
| Token. | IOTX. |
| Price. | $0.037 |
| Market Cap. | $354,630,190 |
| Trading Volume. | $50,258,624 |
| Circulating Supply. | 9.54B IOTX |
| All-time high. | $0.2611 (November 13th, 2021). |
| All-time low. | $0.001239 (March 13th, 2020). |
IoTeX: The Coin For The Machine Economy
The foundation team behind the creation of this project is highly skilled and versatile in the machine and intelligent learning, engineering, distributed systems, and device automation. IoTeX was founded by Raullen Chai, Qevan Guo, Xinxin Fan, and Jing Sun.
IOTX is a token that’s fundamentally heavily influenced due to all the activities played by its leading team to keep up the project’s momentum. The IOTX token is designed on a deflationary model, which means that the supply of IOTX will be reduced over time as more devices enter the network. This signifies the value of IOTX will continuously increase as long as its demand remains consistent. Also, “burn drops” are sent to the IOTX stakes system as more participants join the ecosystem. Let’s look at IOTX’s applications.
- IOTX guarantees the security and safety of individual data while providing a way for them to gain by selling to big firms, third parties, and companies.
- It also acts as a humidity and pressure sensor.
- It serves as a connector between the web as it bridges the real and the digital world.
- It acts as cross-chains between protocols like Binance Smart Chain, Ethereum, and sidechains.
IoTeX Partnerships
IoTex collaborated with Chainlink (LINK), a crypto ecosystem that implements real-world data while providing on-chain solutions. The partnership between these two protocols is going to be revolutionary in the crypto world because it’ll allow the integration between real-world data and information tracking.
Binance added IOTX as a borrowable asset which means that users can get an IOTX loan while giving their crypto as collateral without charges.
All these partnerships have impacted the prices of IOTX and even propelled them to all-time highs.
IoTeX Price Prediction: Price History And Technical Analysis
The IOTX token was launched through an ICO (Initial Coin Offering) on the 14th of February, 2018, and it was priced at $0.01 per coin to investors. By the beginning of 2021, IOTX was trading near $0.006634 before rallying to an all-time high of $0.2611 in November 2021 and closing the year at $0.1217.
IoTeX is currently trading near $0.037 with a market cap of $354,630,190. It is ranked 105th in terms of market capitalization. According to our IoTeX price prediction, RSI and MACD indicate bullish momentum as no considerable drop is expected. The Bollinger Band’s upper limit is $0.06, a strong resistance; if it breaks, the price will go up to $0.102. Conversely, the Bollinger Band’s lower limit is $0.02, crucial support in the graph; if it breaks, the IoTeX price can drop below $0.01. However, our IoTeX price prediction anticipates that this coin will experience a bull run soon in the long term.
By the end of 2022, our IoTeX price prediction says that this token’s price may surge to $0.05. As a result of the potential announcements of numerous new collaborations and initiatives, the IoTeX price can reach $0.1 by 2025. According to our IoTeX price prediction, IoTeX has projected its growth to $0.35 by 2030.
IoTeX Price Prediction: By Crypto Influencers
According to Wallet Investor’s IoTeX price prediction, the token can see a long-term increase; the price prognosis for 2027-08-07 is 0.09043 US Dollars. With a 5-year investment, the revenue is expected to be around +143.09%. Your current $100 investment may be up to $243.09 in 2027.
Trading beast’s IoTeX price prediction explains that the IoTeX price is forecasted to reach $0.0476633 by the beginning of February 2023. The expected maximum price is $0.0595791, and the minimum price is $0.0405138. The IoTeX price prediction for the end of the month is $0.0476633.
Is IoTex A Good Investment? When Can You Buy?
Yes! IoTeX can be a profitable investment as it has fetched astronomical returns to investors in the past. According to our IoTeX price prediction, it can be a good choice for investment, and a price of $0.03 can be a good entry point for a great return in the long run.
Final Thoughts
IoTeX network considers the future of IoT-based devices that are rapidly growing in number. Therefore, this key feature provided by the network will be in huge demand. The IoT market is developing daily and gaining massive attention from businesses and organizations. IoTeX’s price is expected to touch highs soon, depending upon its optimistic future and promising partnerships. Our IoTeX price prediction suggests investing in the market after conducting experts’ opinions and research.
