I do not expect a ballistic rise price, but a gradual trend upwards would continue in 2020. The very able team behind the development of IOTA is also an indicator of continued value addition to the world economy through technology. IOTA Price Prediction 2020, 5 Years and Beyond The recent partnership with Land Rover shows that IOTA has the ability to add value to all people, even those that don’t use cryptocurrencies. Moreover, IOTA Foundation continues to grow the partnerships pushing for larger adoption.
This is, in fact, a very conservative prediction owing to the fact that we are in a bullish market. Towards the end of 2019, Coingape predicts IOTA to trade between $0.8 and $1.00. Bitcoin is predicted to settle above $20,000 by Decema move that could cause a positive reaction for most of the digital assets, including IOTA. However, just like the rest of the cryptocurrency market, IOTA is likely to continue with the uptrend in this second half of the year. As shown above, IOTA has recovered significantly although, there still exists a long journey before we can see it back to the tops of December 2017.Īt the moment, we will not get into the nitty-gritty of the technical picture. Bitcoin broke above $10,000 and pushed the new 2019 highs to $13,800. While the price has touched highs around $0.59, a retracement is underway with the current market value struggling to find balance at $0.388.Īs you are aware, the crypto market has posted phenomenon changes in 2019 from the trend seen throughout last year. Since December last year, IOTA has continued to push for recovery, especially with the general upward trend across the market since the beginning of 2019. The declines that followed the month of May pushed the lows further down to the extent of forming support around $0.2 in December 2018. There was an attempt for recovery in May 2018 after IOTA found support around $1.00 but the momentum lost steam short of $3.00. Looking back at the performance of IOTA in 2018, the cryptocurrency maintained a downward trend from the all-time high posted in December 2017 around $6.5. IOTA has a maximum supply of 2,779,530,283 MIOTA while 2,779,530,283 MIOTA are currently in circulation. It is valued at $0.29 following a 12.93% loss in the last 24 hours. IOTA, currently the 18 th largest cryptocurrency by market capitalization has a market cap of $825 million. IOTA will leverage the proprietary technologies in a bid to build a wireless network for IoT. Link Labs is known for offering power, broad-based network technologies that help to power IoT. The IOTA Foundation, in its quest for technology prowess, announced the acquisition of Link Labs, Inc., a panted technology firm. The partnership with Dell and the Linux Foundation also includes other forms such as IBM, edge’s MobiledgeX resource marketplace as well as Unisys, a global IT company.
It is essential to note that IOTA as a network rides on having data that is credible and trustworthy. For instance, the network recently joined hands with Dell and Linux to develop a platform that will be used in rating data trustworthiness.
In line with this, the company has entered in several collaborations with key industry leaders in 2019. IOTA can only achieve its potential by incorporating the support gurnard from strategic partnerships.
Petersburg Polytechnic, The Government of Thailand, Evernym, Paragon, Satoshi Pay and the latest partnership with Land Rover. At the moment, IOTA has partnered with firms like Cisco, Volkswagen, Samsung, Innogy, F6S, Luxoft, St. IOTA has not been left behind in terms of signing partnerships and collaborations. Partnerships give crypto more utility cases and validation for real-world uses. One of the ways to push for this mainstream adoption is by forming partnerships. All cryptocurrency projects in the world desire acceptance in various industries and economies around the world.
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