According to CoinMarketCap, at the end of 2020, the Market Cap of IoteX’s token-IOTX was almost 30 million USD. However, the token price started its bulls and surged its value to over $1.75 billion in terms of Market Capitalization. Aside from that, some experts believe that its market will further increase to $1.5 trillion by the end of 2025.
The Internet of Things (IoT) has a primary goal of focusing on products, services, operating systems, and protocols designed to support the crypto industry.
Will the value of IOTX continue to reach higher as its protocol becomes widely adopted for IoT devices? Read this full article for all the answers to your queries.
What is IoTeX (IOTX)?
IOTX is a native coin of the IoTex Blockchain, the auto-scalable and privacy-centric Blockchain platform for the Internet of Things (IoT).
The IoTeX’s global team comprises the following experts:
- PhDs in Distributed Systems
- cryptography
- Machine Learning
- top-tier engineers
- experienced ecosystem builders
Besides this, IoTeX Blockchain is also developing several in-house technologies to push the frontier of Blockchain 3.0. Such technologies include:
- Blockchain-in-Blockchain architecture for heterogeneous computing
- Lightning-fast Roll-DPoS consensus mechanism
- Lightweight privacy-preserving methodologies
Now that we have more than enough knowledge of IOTX, do you think this will have a bright future ahead, and its worth will surpass its other competitors? Then let’s dive into the part of price analysis and price prediction of IOTX from 2021 to 2025.
So, without any further ado, let’s go to the analysis and prediction part.
Market Status of IOTX
Before going into the analysis and predictions part, it is better to know its current market status and value. At present, one IOTX is trading at $0.18, along with a 24-hour trading volume of $174,160,192.
However, its value has dropped to almost 7.26 percent in the past 24 hours. Furthermore, the IoTex Blockchain has a current circulating supply of 9.54B IOTX tokens.
In the case of cryptocurrency exchanges, the token is available to trade on several platforms and mediums. Some of the top-notch exchanges are:
- Binance
- Huobi Global
- Upbit
- HBTC
- Xtheta Global
Now, after looking at the current market stats and supply, let’s proceed to the price analysis part of this digital asset.
IoTeX Price Analysis 2021
At current, IoTeX holds the spot of 77 at the listings of CoinMarketCap. Still, as the ongoing developments are happening within its ecosystem, therefore, there’re clear chances for this altcoin to improve its number further.
According to the daily time frame chart, we’re able to observe the Symmetrical Triangle Pattern. The Symmetrical Triangle Pattern suggests that the period of consolidation might lead to a price breakdown or a price breakout.
Furthermore, we can observe that this digital token has a higher chance of going bullish rather than bearish in the future.
The RSI of the coin is quite good as well. The Relative Strength Index (RSI) is 46.47, which shows that the digital coin is neither overbought nor oversold.
IoTeX Price Prediction
As of now, we are done with the coin’s intro, latest news, price, and analysis. And only the forecast/prediction is remaining. So, let’s get to this part as well.
Before proceeding to the next part, it is noteworthy that we are just predicting the prices of cryptos, but no one is guaranteeing that the exact prices will be there in the future. Therefore, always do your research before investing in any crypto.
Moreover, it is better to take a piece of advice from a senior or crypto expert before investing. Furthermore, because of the volatility in nature, cryptocurrencies are hard to predict. Anyhow, we’ll try our best to give the closest and most accurate price predictions for the future.
IoTeX Price Prediction 2021
Our long-term price prediction for IOTX is bullish. Hence, it has a high possibility of surpassing its current all-time-high (ATH) at $0.26 this year. In contrast, that will only happen if it breaks many previous psychological as well as support resistances.
IoTeX Price Prediction 2022
Experts believe that if the same bullish trend continues, it is more likely to hit the price of $1 at the end of 2022. However, the first half of 2022 will show some boost in the price of IOTX and will reach 1.15 USD. But, the price will gradually slow down.
IoTeX Price Prediction 2025
In the next four years, the IOTX price will take a long jump, and in 2025, it will be trading at almost $25. Moreover, after looking at the targets for buying or selling, it is pretty easy for the digital asset to reach this mark. As per the predictions, these forecasts show that the coin will get its new ATH price in the next five years.
Conclusion
IOTX token has got some great potential, and we’re seeing its bright future ahead. Because of its developments within the ecosystem, we’ll be able to see IoteX reaching new heights soon.
Since it has been in a bullish trend mainly in 2021, we assume that its price will hit the mark of 0.3 USD at the end of 2021. In contrast, it could also reach $0.5 if traders think it might be an excellent platform for investment alongside other major cryptocurrencies, such as Bitcoin and Ethereum.
FAQs related to IOTX Price
Following are the most Googled questions regarding the price of IOTX.
What is the price of IoTeX today?
The price of IoTeX is 0.165 USD today.
Will IOTX price grow/rise?
Yes. The IoTeX price of the altcoin can rise from somewhere between 0.165 USD to 0.286 USD in just one year.
Will IOTX hit 10 USD in a year?
No, it won’t hit 10 USD in a year.
Will IOTX replace /overtake Bitcoin?
According to our technical predictions/analysis, it won’t replace/overtake Bitcoin in the near future.
Will IoTeX crash?
IOTX won’t crash, according to our analysis.
Is it profitable to invest in IoTeX (IOTX)?
Yes, it is profitable to invest in IoTeX. Thus, the long-term earning potential of IOTX is +73.60% in one year.
Will IoTeX price fall / drop?
No, the IoTeX price will not drop/fall.
Will IOTX Surpass its Current ATH?
Although IOTX is a good investment in 2021, there is a high possibility of surpassing its current ATH price at $0.148 by the end of this year.
Can IOTX reach $0.5 soon?
Yes, IOTX might reach $0.5 in the near future, until and unless if the current bullish trend continues in the future as well.
What will be the IoTeX price by 2022?
The price of IoTeX (IOTX) will reach $1.5 by 2022.
What will be the IoTeX price by 2023?
The price of IoTeX (IOTX) will reach$5 by 2023.
What will be the IoTeX price by 2024?
The price of IoTeX (IOTX) will reach$10.5 by 2024.
What will be the IoTeX price by 2025?
The price of IoTeX (IOTX) will reach $25 by 2025
