IOTA Price Prediction: Is IOTA Crypto a Good Buy?

July 2, 2024

Price Prediction

Ana Rojas

IOTA is the first distributed ledger designed for the ‘Internet of Everything,’ a network for exchanging value and data between humans and machines. In essence, it’s a decentralized distributed ledger built on Tangle, a directed acyclic graph (DAG) network. Users can make transactions at no fee, using a unique validation and consensus different from the existing blockchain technology. How will IOTA develop in the future? Can it rise to top-10 crypto projects again? Discover the IOTA price prediction in StealthEX’s latest article.

IOTA (IOTA) Overview

IOTA is a unique open-source distributed ledger system (DLT) based on Tangle, a directed acyclic graph (DAG). The Tangle is a multidimensional blockchain that operates differently than existing blockchains like Bitcoin and Ethereum. Information and value exchange on the platform are recorded in a secure, decentralized, and tamper-proof manner. IOTA enables frictionless interactions between machines and humans in a future where the Internet of Things (IoT) is driving development and frontier expansion.

Tangle is a unique Distributed Ledger Technology (DLT) designed exclusively for IOTA and based on a Directed Acyclic Graph (DAG). To some extent, Tangle is not truly a blockchain in the way it runs; it performs the same, if not more, than any of the current blockchain technologies. Tangle works similarly to the blockchain; its database is made up of a distributed ledger and a peer-to-peer (P2P) system, and transactions are completed through validation and consensus.

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. The project’s primary objective is to democratize and power the Internet of Things or, as its developers call it, the Internet of Everything.

IOTA Features

IOTA offers a number of features within the crypto space:

1. DAG consensus algorithm. Tangle is a Directed Acyclic Grap 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.
2. 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.
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, its network can 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 Price Chart

CoinMarketCap, 2 July 2024

IOTA Coin Price History Highlights 

• 2017: IOTA first exploded on the scene in late 2017. On December 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 $0.2 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 $2.7 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 in 2024, December 16, 2023 surprised traders with the lowest price of $0.2896.
• 2024: The bullish market in 2024 did little for the price of IOTA, it only rose as high as $0.4146. It has since fallen in price again and at the moment fluctuates between $0.017 and $0.02.

IOTA Price Prediction 2024, 2025, 2030-2040

IOTA Coin Price Prediction 2024

DigitalCoinPrice experts believe that in 2024 IOTA token can fall below its current price, to $0.16 (-9%), while at its highest point, it can reach $0.39 (+120%).

PricePrediction crypto analysts believe that in 2024 IOTA token is expected to cost $0.181 (+2%) at its low, while at its maximum IOTA might reach $0.2085 (+17%).

Telegaon analysts think that the minimum lowest price IOTA can hit in 2024 is $0.28 (+58%) vs its maximum price of $0.84 (+374%).

IOTA Price Prediction 2025

According to DigitalCoinPrice, IOTA token will cost more than it does now. In 2024, its price can go as high as $0.46 (+159%) per coin. At its minimum, the coin might drop to $0.38 (+114%).

Based on the experts’ forecasts at PricePrediction, in 2025, IOTA crypto will continue rising in price: $0.2673 (+50%) at its lowest point and $0.3131 (+76%) at its peak.

Telegaon experts predict that in 2025 IOTA might go as low as $0.94 (+430%), while at its maximum it can reach $1.5 (+746%).

IOTA Price Prediction 2030

According to DigitalCoinPrice, by 2030 IOTA will see the lowest price of $1.2 (+577%), while at its peak it might finally reach $1.32 (+644%).

PricePrediction analysts believe that by 2030, IOTA coin will reach a maximum level of $2.21 (+1,147%), while its minimum price will drop to $1.83 (+932%).

Analysts at Telegaon think that by 2030, IOTA is going to reach $7.81 (+4,307%) at its peak and might trade at a minimum of $5.56 (+3,037%).

IOTA Crypto Price Prediction 2040

According to PricePrediction forecasts, in 2040 IOTA will reach staggering price levels for this asset: its minimum price is expected to be $105.22 (+59,279%), while its maximum price is going to soar to $124.48 (+70,148%).

When it comes to long-term predictions, Telegaon experts believe that IOTA will hit $18.24 (+10,193%) at its lowest point or it can go to an all-time high of $25.17 (+14,104%).

IOTA Price Prediction: Experts’ Opinions

IOTA’s main advantages include free transactions, infinite scaling, quantum resistance, no mining (everyone contributes), the ability to handle any data, and the goal of achieving instant transactions. On the negative side, opponents point to security weaknesses and a lack of testing. As the potential of an IoT network became clear, the company focused on expanding the decentralized network portion of this technology. As a result, IOTA enables developers to experiment with various IoT use cases and functionality, as well as their interfaces. As a result, IOTA plays an important role in accelerating the adoption of this groundbreaking technology.

Considering the uniqueness of the IOTA Network and its position on the market, crypto analysts at CoinMarketCap believe that by 2030, IOTA can potentially hit $9.2 at its all-time high.

IOTA USDT Price Technical Analysis     

Tradingview, July 2, 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.

Factors Affecting IOTA Coin Price

Several major factors will have an impact on whether IOTA’s price is going to increase or decrease. To begin, market sentiment towards cryptocurrency is important. If the market is bullish and investors are optimistic about the future of cryptocurrencies, including IOTA, this can lead to higher price speculation. On the other hand, if market sentiment is bearish, it might lead to less price speculation and perhaps a reduction in the price of IOTA. 

Furthermore, the trading volume of IOTA on different exchanges can influence price speculation. Higher trade volume suggests increased market interest and activity, which might lead to more price speculation. In contrast, low trade volume may suggest a lack of interest or engagement, resulting in decreased price speculation.

To add to this, IOTA-related events and announcements have the potential to influence price speculation significantly. Positive news, like partnerships or technology developments, can spark interest and attract more investors, resulting in greater price speculation.

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

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

Risks and Opportunities

IOTA’s centralized Coordinator protocol poses a risk to the entire network if it fails to function effectively. This has happened several times, and at one point, the IOTA system was rendered inoperable for days.

All in all, investing in IOTA carries with it some general risks, just like investing in any other cryptocurrency. These can be extreme volatility, liquidity, demand, concentration, regulation, and cyber security. 

While IOTA intends to be entirely decentralized, however, this requires the ability to function without a central coordinator. If the project improves its security flaws, it could have some very useful real-world applications. The platform would be ideal for a global payment system with its free, quick, and endless transactions.

Will IOTA Reach $10?

According to Telegaon, it’s possible. Their experts believe that in 2035 IOTA will touch $11.52 at its peak.

Can IOTA Reach $100 Dollars?

It’s a possibility considering wider adoption in the context of the IoT.

How High Can IOTA Go?

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

Is There a Future for IOTA?

It’s a quite old platform (in terms of cryptocurrency) with solid basics. IOTA might develop into something entirely unique as it combines revolutionary technology and the foundation of blockchain projects.

Is IOTA a Good Buy?

It may very well be if you believe in the future development of IoT.

Conclusion

IOTA technology is unquestionably one of the most innovative cryptocurrency initiatives. Tangle is a departure from traditional blockchain technologies. The objective of powering the Internet of Things is likely one of the most ambitious in the cryptocurrency sector. And with the Tangle’s feeless transactions, incredible scalability, and quantum resilience, the Iota team may finally achieve their goal. 

Overall, the IOTA Foundation appears to be doing a fantastic job of establishing partnerships and growing the business. They already have a solid partner base and could see rapid adoption in new sectors if their distributed ledger solution proves successful.

Where to Buy IOTA Coin?

StealthEX is here to help you buy IOTA crypto 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 1500 different coins and you can do wallet-to-wallet transfers instantly and problem-free.

How to Buy IOTA Crypto: Quick-Step Guide

Just go to StealthEX and follow these easy steps:

• Choose the pair and the amount you want to exchange — for instance, ETH to IOTA. 
• Press the “Start exchange” button.
• Provide the recipient address to transfer your crypto to.
• Process the transaction.
• 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.