IOTA Price Prediction: Will IOTA Reach $10?

January 25, 2024

Price Prediction

Ana Rojas

IOTA is a decentralized distributed ledger designed with the ‘Internet of Everything’ in mind. This is a special kind of network that allows machines and people to exchange currency and data. IOTA doesn’t run on the blockchain, at least not in the same way as the majority of other projects. IOTA had a vision of a different type of blockchain and set about to design its own system of validator nodes, called Tangle. Discover IOTA price prediction in StealthEX’s latest article.

IOTA (IOTA) Overview

The goal of IOTA, an open-source, scalable distributed ledger and it is classified as a Computing under CoinDesks Digital Asset Classification Standard (DACS). In essence, it is a blockchain-based project that aims to conduct transactions between machines and devices that are connected to the Internet of Things (IoT). IOTA plans to become a major player in the next industrial revolution, which will need the development and upkeep of machine economies in addition to the management of financial relations between humans and machines.

Unlike cryptocurrencies built on blockchains, IOTA has suggested a distinct data structure called Tangle. Numerical representations are stored and managed in a certain way by this kind of organization. By removing the topographical obstacles and conventional constraints associated with utilizing traditional blockchain, it enables the IOTA network to solve Bitcoin’s scaling issue. Tangle doesn’t require blockchain miners or a consensus algorithm to validate transactions. For traditional blockchains like Bitcoin, transactions are validated by blockchain mining using a Proof-of-Work (PoW) consensus algorithm. For Tangle, messages are validated by IOTA’s ‘Coordinator’ network node by determining whether the message contains a reference to a milestone.

IOTA was co-founded by David Sonstebo, Dominik Schiener, Dr. Serguei Popov, and Serge Ivancheglo in 2015. It was created as a specialized peer-to-peer distributed ledger. Its primary objective was (and still is) to democratize and power the Internet of Things (IoT).

IOTA Features

IOTA offers a number of unique features that are typical for this project. These are:

1. No fees. IOTA doesn’t charge transaction processing fees, in contrast to conventional cryptocurrencies. Transactions are smooth and economical since the amount put to the recipient’s wallet and the amount taken from the sender’s wallet are exactly equal.
2. DAG consensus algorithm. Tangle is a direct acyclic graph (DAG) consensus algorithm. With this method, there are no miners or validators, no blocks and no transaction fees. This allows the crypto to overcome cost and scalability issues of blockchain.
3. Faster transactions. Conventional blockchains often experience bottlenecks due to the time it takes to create new blocks. The Bitcoin blockchain can handle roughly five transactions per second (TPS), although this may vary at times. For Ethereum, it’s typically around 15 TPS. For IOTA, it’s possible for its network to handle up to around 1,000 TPS.
4. Energy efficient. IOTA is designed to accommodate devices such as sensors that operate in a low-energy environment. Even IoT devices with minimal computing power, like toasters, can write data to IOTA’s Tangle.
5. Interoperability. Seamlessly integrates EVM and other execution environments on IOTA, offering a cohesive and user-friendly experience.

IOTA (IOTA) Price History Highlights 

• 2017: IOTA first exploded on the scene in late 2017. On Dec. 19, 2017, six months after the project was first made available on a token exchange, IOTA skyrocketed over 1,000,000% to an all-time-high of $5.69, giving the token a market capitalization of over $12 billion and making it the seventh-largest cryptocurrency by market cap at the time.
• 2018: The cryptocurrency asset closed out 2018 at a price of just $0.20 per IOTA coin, resulting in an over 90% drop from all-time high prices.
• 2019: In 2019, soon crypto investors found themselves asking why is IOTA going up once again, as the asset doubled in price with a 100% ROI after reaching a local high of $0.50 per token. In late 2019, IOTA set another new, bear market low, at $0.14 per token.
• 2020: IOTA hit an all-time-low of $0.07962 on March 13, 2020. That came during a period of major tension between the IOTA Foundation board that caused co-founder Sergey Ivancheglo to leave the project and followed several days of network shutdowns.
• 2021: When 2021 arrived, IOTA was finally turning bullish, reaching as high as $2.70 at the recent local peak. The high, however, was still far less than its all-time high.
• 2022: On January 1, 2022, the coin opened the price chart at $1.37 but finished the same month at $0.83. Being influenced by a market decline, the token got down again, sliding to a low of $0.237 on May 12, 2022.
• 2023: Talking about IOTA lowest prices, Dec 16, 2023 surprised traders with the lowest price of $0.2896.
• 2024: At the moment, IOTA coins price fluctuates around $0.2-0.25.

IOTA (IOTA) Price Chart

CoinMarketCap, 25 January 2024

IOTA Price Prediction

IOTA Price Prediction 2024

DigitalCoinPrice analysts believe that in 2024, IOTA will be trading more or less within the same price range as it is at the moment. According to their estimates, in 2024 IOTA crypto’s price might go as low as $0.19 (-12%), while its maximum price can reach $0.47 (+117%).

PricePrediction crypto experts are positive about the future of IOTA coin and believe that in 2024 it will be trading within a very narrow margin: at its low it can reach $0.2104 (-2%), while at its maximum IOTA crypto can rise to $0.252 (+16%).

Telegaon crypto experts think that in 2024 IOTA coin will quickly rise in price. According to this website, it can cost as low as $0.94 (+334%), while at its peak it can go as high as $1.83 (+746%).

IOTA Price Prediction 2025

DigitalCoinPrice believes that IOTA coin will continue to develop and reach new price levels. Based on their analysts’ forecasts, in 2025, IOTA can go as high as $0.56 (+159%) per coin. At its lowest point, IOTA coin can reach $0.46 (+112%).

Based on the experts’ forecasts at PricePrediction, in 2025, IOTA crypto will continue to grow. It can plummet to $0.2938 (+35%) and it can also reach $0.3674 (+70%) at its peak.

Telegaon believes that in 2025, IOTA coin will accelerate even more. The website’s analytics predict that IOTA’s price might go as low as $1.86 (+760%), while at its peak it can reach $2.65 (+1,126%).

IOTA Price Prediction 2030

DigitalCoinPrice believes that by 2030 IOTA will be steadily rising in price: at its low it can drop to $1.45 (+570%), while its maximum price will go as high as $1.62 (+649%).

PricePrediction crypto experts believe that by 2030, IOTA will rise in price even higher than in 2025. According to their estimates, the coin’s lowest price will drop to $1.61 (+645%), while the maximum price is projected to be around $2.02 (+834%).

According to Telegaon price predictions, by 2030 IOTA will surely reach its all-time high and even go beyond that. The coin can reach $7.81 (+3,514%) at its maximum. It can also drop to a minimum of $5.56 (+2,472%) per coin.

IOTA Price Prediction 2040

Telegaon states that by 2040 IOTA will at the very least double its value and add some more to it. The coin can reach $15.19 (+6,929%) at its maximum. It can also drop to a minimum of $13.24 (+6,026%) per coin.

Expert Opinions on IOTA Price Forecast

The Internet of Things is not a particularly good fit for traditional blockchain technology. The scaling problems that plague Bitcoin and other blockchain-based cryptocurrencies make it impractical to transfer microtransactions, such as $0.01, due to the transaction fees. IOTA looked away from the blockchain and opted to use a different kind of technology, a Directed Acyclic Graph (DAG). Before any transaction can be processed it needs to process two others, either directly or indirectly. This theoretically allowed the Tangle to accommodate an infinite number of devices. With such innovative mechanisms, IOTA does differ from other projects, analysts say.

Many experts actually believe that IOTA has a promising future in the digital currency space. For instance, CoinMarketCap believes that by 2030 IOTA coin will be valued at around $2.244 on average.

IOTA USDT Price Technical Analysis

Tradingview, 25 January 2024

Now that we’ve seen possible price predictions for IOTA, let’s find out a bit more about the factors that can influence its price and the possible outcomes for this unusual cryptocurrency.

Factors Affecting IOTA Coin Price

IOTA’s price is determined by the same forces that affect more conventional blockchain-based cryptocurrencies, despite being a unique currency. Even for a cryptocurrency, IOTA’s price has always changed greatly. One of the most important price drivers for a service-focused cryptocurrency, like IOTA, is corporate partnerships. IOTA’s value increased by 90% after the media started to speculate that it had partnered with major players in the sector to launch its data marketplace. After IOTA and Microsoft clarified that they were not in a direct relationship, this then fell by 15%. Additionally, media attention and hype about new features also play a key role in determining the price of a cryptocurrency.

When assessing IOTA as an investment, keep the following considerations in mind:

• Partnerships.
• Technological advancements.
• Market sentiment.
• Media attention.

Risks and Opportunities

The biggest and most egregious vulnerability concerning the IOTA project relates to the Coordinator. The Coordinator protocol that IOTA works on is centralized, which means that if it stopped working properly, then the entire network could be at risk. This has already happened multiple times, and at one point the IOTA system was unusable for days. Although IOTA aims to be completely decentralized, it won’t be able to achieve this until it is able to function without the centralized coordinator. Should the project improve its security issues, then there are some really good real-world uses that it could be applied to. With its free, instant and limitless transactions, the platform would be perfect as a worldwide payment system.

What Will IOTA Be Worth in 2025?

According to DigitalCoinPrice, it can cost $0.56.

What Will IOTA Be Worth in 2030?

According to PricePrediction, IOTA can hit $1.62 at its highest point.

How Much is IOTA Worth in 2050?

There are few price predictions for IOTA’s distant future, however, Telegaon believes that in 2050 it can reach $30.27 on average. CoinMarketCap experts place IOTA’s maximum price at $14.369.

How Does Iota Price Increase?

IOTA’s price has also varied greatly, even for a cryptocurrency. It changes according to market conditions, news, and media hype.

How High Can the IOTA Price Go?

According to many experts, IOTA coin might have the potential to reach $10, but in a long-term perspective.

Conclusion

At the moment, IOTA coin has a market valuation of around $660 mln, placing it as the 88th largest cryptocurrency globally. However, with good cause, IOTA was once among the top five cryptocurrencies in the world in 2017. It is unquestionably the most popular cryptocurrency and platform for facilitating data transfer between computers, machines, and other gadgets inside the Internet of Things ecosystem (IoT). Additionally, it already boasts a large global clientele and more than 100 partnerships and collaborations with governments, IT firms, and other entities. The bottom line, IOTA has a lot of highly enticing attributes, and hence, many experts expect the price of IOTA to climb in the short and long term.

Where and How to Buy IOTA Coin: Quick-Step Guide

StealthEX is here to help you buy IOTA coin if you’re looking for a way to invest in this cryptocurrency. You can buy IOTA privately and without the need to sign up for the service. StealthEX crypto collection has more than 1400 different coins and you can do wallet-to-wallet transfers instantly and problem-free.

Just go to StealthEX and follow these easy steps:

1. Choose the pair and the amount you want to exchange — for instance, ETH to IOTA.
2. Press the “Start exchange” button.
3. Provide the recipient address to transfer your crypto to.
4. Process the transaction.
5. Receive your crypto coins.

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Don’t forget to do your own research before buying any crypto. The views and opinions expressed in this article are solely those of the author.