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IOTA Price Prediction 2020

Current price:

By Elizabeth Wright

August 06, 2020

1340

IOTA (MIOTA) Price Prediction 2020

From the very beginning of its existence, the IOTA project has been one of the most well-known crypto projects in the community. Thanks to the partnerships with Jaguar Land Rover, Volkswagen, Microsoft, Fujitsu, Audi and many more, the project won the people’s love.

To see how high MIOTA price can go, we’ve gathered several the most ambitious IOTA price predictions:

BitDegree IOTA (MIOTA) Price Prediction

Online educational platform BitDegree believes that IOTA coin is “targeting an industry that has huge potential.” According to the platform, if IOTA succeeds to develop the perfect product for the IoT industry, then “it has a bright future ahead of it.”

Changelly IOTA (MIOTA) Price Prediction

The popular crypto exchange platform Changelly citing experts who advise investing in MIOTA now, as the coin will bring profit in 2-3 years or later when the Internet of things will become a truly massive phenomenon. The more people learn about IoT capabilities, the greater will be the need for IOTA. The expected price varies from $1 USD up to $1,5 USD in 2020.

CoinSwitch IOTA (MIOTA) Price Prediction

An exchange aggregator CoinSwitch claims IOTA holds a lot of potential for future returns and might reach around $4.20 by the end of 2019.  IOTA is one digital currency one should consider when looking for a digital currency with a promising future to invest in.

LongForecast IOTA (MIOTA) Price Prediction

A long-term forecast service LongForecast predicts IOTA to hit at least $0.13 USD by September 2020. The year low will reportedly stop at the $0.10 USD mark.

TradingBeasts IOTA (MIOTA) Price Prediction

The analytical service expects IOTA to reach $0.3254861 by the beginning of June 2020. The expected maximum mark is equal to $0.41, while the minimum price is set to $0.28. The IOTA price prediction for the end of the month is $0.3351320.

IOTA (MIOTA) Price Prediction Verdict

IOTA has great potential to become a global settlement system not only for institutional investors but for retail clients as well. IOTA as a cryptocurrency has both its pros and cons, however, it would be wrong to deny such a fleet of large partnerships, which means that it is too early to write off such a promising project.

What is IOTA (MIOTA)?

IOTA (MIOTA) is a cryptocurrency project designed for settlements on the Internet of Things (IoT) system. The project is based not on the blockchain, but on the Tangle technology.

The total number of IOTA tokens is limited and equal to 2777 530 283 277 761 units of IOTA currency.

Currently, the total market cap of the coin is over $556M USD in MIOTA. The 24h trading volume of the currency is above $7M USD. According to the cryptocurrency rating website CoinMarketCap, the coin takes twentieth place in the top 50 cryptocurrencies in the world by market cap. At the time of writing, MIOTA price is staying at $0,20 USD (or 0,00002755 BTC) for 1 MIOTA.

Over the past three months, the coin price in terms of BTC has been rapidly heating up to 0,000035 BTC per 1 MIOTA. However, since then, the coin price has been falling down to the current marks.

IOTA (MIOTA) Blockchain

As it was mentioned above, IOTA is not deployed on a blockchain network. Unlike Bitcoin (BTC), IOTA has no issues with scalability.

The more participants join the IOTA network, the faster transactions can go through. Moreover, commissions for conducting transactions are not charged even with a small amount of transfer.

In addition to that, the project is based on the quantum-proof protocol called Tangle, which solves many cryptographical issues that may appear in the upcoming future.

IOTA (MIOTA) Price Chart

At the beginning of 2019, the MIOTA coin price was at the $0,38 USD level and even managed to hit its high in May, when the coin reached $0,56 USD. Eventually, due to the regulatory uncertainty, audit issues speculations and crypto winter, the IOTA cryptocurrency price began to decline gradually.

How to buy IOTA (MIOTA)

At the time of writing, it’s not possible to purchase MIOTA directly via a Simplex payment processor on the Atomic Wallet. Nevertheless, anyone can buy Bitcoin (BTC) or Ethereum (ETH) with a credit card and after that purchase MIOTA on any cryptocurrency exchange where it listed. In order to do so, download the app and pass verification (photo ID is obligatory to confirm your identity).

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