IOTA Price Prediction Forecast — How Much Will IOTA Be Worth In 2021 And Beyond??
IOTA (MIOTA) Price Prediction Forecast:
How Much Will IOTA Be Worth In 2021 And Beyond?
Will IOTA go up or crash? Read our IOTA MIOTA Price Prediction 2021 – 2025
On the hunt for IOTA prediction 2021 - 2025? Or have you been struggling to answer the question ‘is IOTA a good investment? You’re in the right place. We’ll be sharing the top IOTA price prediction for 2021 and beyond. we’re taking a look at IOTA (MIOTA) to find out what the experts have to say about its future performance and how much will IOTA be worth in 2021 and beyond.
The Internet of Things (IoT) is one of the most significant technological advancements in recent years. From smartwatches and fitness trackers to self-driving cars, IoT means that almost any device can be part of a digital ecosystem. This makes it easy to connect with a variety of different machines — whether it’s smart products around the home or machinery in the manufacturing sector.
IOTA (MIOTA) is the platform and native cryptocurrency which aims to facilitate transactions between devices in the IoT network. With a market capitalization of $697,785,265 and a price of $0.251044, it’s currently ranked as the world’s 29th largest crypto. It might not be amongst the most major cryptocurrencies just yet, but could that be set to change within the next 5 years?
If you’re wondering ‘is IOTA a good investment?’, you’ve come to the right place. In this article, we’ll be exploring some of the most compelling IOTA price predictions for 2021-2025. Whether you’re considering adding the asset to your portfolio or have already invested in the altcoin, read on to find out what the future could hold for IOTA.
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What Is IOTA (MIOTA)?
As we touched upon in the introduction, IOTA is a distributed ledger that makes it possible for people to make (and record) transactions between devices in the IoT ecosystem. Unlike the majority of other cryptocurrencies, IOTA doesn’t rely on a blockchain. Instead, it uses what is known as a decentralized Directed Acyclic Graph (DAG).
A DAG uses nodes instead of blocks. While blockchains can be very vulnerable to attack (for example, using the 51% attack method), DAGs are generally considered to be more secure. This is because they allow for different chains of nodes to co-exist and connect with each other, resulting in a more impenetrable system. For the same reason, they are also more scalable than most blockchain-based platforms.
Much like the relationship between Ethereum and Ether (or Cardano and ADA), it’s important to remember that IOTA is the name of the DAG platform while MIOTA is the name of the native cryptocurrency. The crypto was founded in 2015 by David Sønstebø, Dominik Schiener, Sergey Ivancheglo, and Serguei Popov. They hoped that MIOTA would provide an easy way for consumers and professionals alike to pay money into the IoT ecosystem — for example, to buy groceries via a smart fridge or fill a smart car with petrol.
Over the last few years, IOTA has made a number of high-profile partnerships that have added legitimacy to its intentions. Some of its most impressive partnerships are with:
- Bosch, the engineering company for home appliances
- Schneider Electric
- NTNU (the Norweigan University of Science and Technology)
Short-Term IOTA Price Predictions: 2021
IOTA price forecast for 2021
What are crypto experts forecasting for IOTA (MIOTA) in 2021?
With the Internet of Things becoming increasingly powerful, many crypto analysts foresee potential growth for the price of MIOTA. However, cryptocurrencies are notoriously volatile, and MIOTA is no different — so if you’re considering adding the asset to your portfolio, it’s important to do your own research to stay on top of the cryptocurrency trends.
As we can see from the graph below, the crypto platform WalletInvestor has predicted that the price of MIOTA will experience a huge jump into the start of 2021, surpassing $1 for the first time since 2018. Although this spike won’t be long-lived, the price will remain higher than its current value of $0.251044 for the majority of the year, despite marked slumps and climbs:
WalletInvestor’s algorithm does foresee a more bearish run towards the end of 2021, so if you prefer to hold mid-term positions, this is definitely something to bear in mind — whether you choose to sell your MIOTA at a higher price-point or hold your assets into 2020. But do other crypto platforms agree with this projection?
Trading Beasts has a slightly different outlook for the price of IOTA (MIOTA) in 2021. Its projections are much less volatile than those of WalletInvestor, with a high level of consistency between months. In fact, at the time of writing, Trading Beasts believes that the average price of MIOTA could range between $0.32 and $0.35 for the duration of the year, with the asset’s highest value of $0.3512678 coming in December.
Meanwhile, Previsioni Bitcoin has an even more optimistic outlook. The cryptocurrency platform believes that the second half of 2021 could herald exciting growth, with the price of MIOTA rocketing to over $2!
As we can see from Previsioni Bitcoin’s graph, MIOTA could begin the year at a price of $0.333165 (compared to its current price of $0.251044) before enjoying a bullish run from March onwards. This will escalate in July when MIOTA will exceed $0.5 and continue to climb. By December 2021, the crypto will have almost quadrupled in price — hitting a staggering $2.01402 before the start of 2022.
While this value is still less than half of MIOTA’s all-time high (ATH) of $5.3484, which it achieved in 2018, Previsioni Bitcoin’s predictions must be welcome news to current IOTA investors. On its website, the platform claims that it believes the ongoing adoption of cryptocurrency could be a driving factor in the success of MIOTA.
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Long-Term IOTA Price Predictions: 2022-2025
What are crypto experts forecasting for IOTA (MIOTA) in 2022 and beyond?
Many investors are keen to know what the next 5 years could have in store for the price of IOTA (MIOTA).
If you’re looking for a IOTA price prediction 2025, or even wondering ‘should I invest in IOTA?’ Are we likely to see these cryptocurrency trends continue after 2021? If you prefer to take a long-term position and are looking for more IOTA price predictions, read on. In this section of the article, we’ve compiled what top crypto experts expect to happen to the price of MIOTA in 2022-2025.
According to DigitalCoinPrice, the long-term outlook for the price of MIOTA is relatively bullish. The crypto platform foresees an upward trend in the approach to 2025, as we can see in the graph below:
If you’ve ever wondered ‘will IOTA ever reach $1?’, these predictions should be good news. DigitalCoinPrice’s algorithm predicts that MIOTA will be worth $1.038628 in June 2024, with this ultimately paving the way for values of $1.240920 in November 2025. (Although it’s worth noting that July, August, September, and October 2024 could see a notable price dip. Investors will need to weather this period in order to take advantage of potential gains later on in that year and the next).
PrimeXBT believes that we could see even stronger growth. According to its in-house technical analysis, the platform has provided the following predictions for the price of IOTA 2022-2025:
As part of its technical analysis, PrimeXBT identified a ‘massive head and shoulders triple bottom’ pattern that the price of MIOTA seems to be following. A head and shoulders pattern occurs when an asset undergoes a series of bullish and bearish runs. On a chart, this is visually represented by three peaks, the first and third of which are similar in height and the middle of which is the largest. These are the three green inverted triangles that we can see on PrimeXBT’s chart above.
By following this pattern, the platform has predicted that the price of MIOTA is likely to soar at some point after May 2021. On its website, it says that: “If IOTA can confirm the pattern, it will revisit all-time highs of around $3 per MIOTA token, however, the bullish momentum could overextend and take the asset to a new peak by 2025”. If this is correct, and we do indeed see ‘a new peak’, this means that the price of MIOTA could potentially exceed its previous ATH of $5.3484.
This is a prediction that Coinswitch.com agrees with. The website expects the price of MIOTA to “grow exponentially” over the next five years and has made the staggeringly optimistic prediction that it will be worth $9.847 before the end of 2025. It’s even gone as far as to suggest that there’s a possibility IOTA could be ranked amongst the world’s top 10 biggest cryptocurrencies. By 2030, it foresees a value of $12.43 — which is more than double its previous ATH.
As a long-term investment, it projects that IOTA could perform much better. According to its predictions, the value of the IOTA (MIOTA) tokens could rise to $0.35 by the very end of 2020, rising to $0.80 in 2021, and achieving a mean price of $4.20 by 2025.
Conclusion: IOTA (MIOTA) Price Prediction Forecast
The below prediction figures outlines some of the Potential high and low of IOTA price prediction forecasts in 2020, 2021, 2022, 2023, and 2025+ offered by technical analysts and industry experts.
How Has The Price Of IOTA Changed Over Time?
In order to understand the validity of these IOTA predictions, it’s important to analyse the past performance of MIOTA’s price. However, as IOTA is a relatively new asset, investors don’t have years and years of history to analyse — but nonetheless, the price of MIOTA has undergone various changes since the IOTA network went live in 2016.
We can see these changes in the following graph from Nomics:
Late 2017 and early 2018 was a standout period for MIOTA — and it’s not alone in that. The cryptocurrency industry as a whole underwent unprecedented (and so far unrepeated) growth during these months, with the price of Bitcoin skyrocketing to its ATH of $20,000 and Ripple XRP growing by a staggering 36,000%.
Between 20th November and 18th December 2017, the price of MIOTA shot up from $0.851553 to $4.2369, remaining at over $4 until early January 2018. Unfortunately, by June 2018, MIOTA had dropped back down to below $1 and has never exceeded this amount again (so far). From this point onwards, the price of MIOTA has been relatively more stable, largely hovering between a modest $0.2 and $0.5.
Its next notable crash, though less defined than its previous decline at the start of 2018, occurred back in March 2020. As the world went into lockdown in response to the global coronavirus pandemic, investor confidence was shaken and the price of almost every cryptocurrency rapidly plummeted as a result. This has since become known as the coronavirus crash.
Between 17th February and 16th March 2020, the price of MIOTA fell from $0.275654 to $0.137891 — its lowest value ever. Although the market thankfully recovered, MIOTA is yet to hit $0.4 again, so hasn’t yet matched its performance in 2019. However, if some of the more optimistic predictions which we’ve covered in this article turn out to be accurate, investors shouldn’t be worrying just yet.
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What Factors Affect The Price Of IOTA?
The price of IOTA (MIOTA) can change according to a variety of different factors. In order to make the most accurate IOTA price predictions 2021-2025 and to answer the question ‘is IOTA a good investment?’, it’s best to be aware of those factors from the start. This will help you keep on top of the current cryptocurrency trends and increase your likelihood of successfully predicting periods of volatility that can affect the price of MIOTA.
Supply And Demand
The interplay of supply and demand is one of the most important factors to consider when making cryptocurrency predictions. This is because when the demand for a cryptocurrency is greater than the supply (for example, lots of investors are looking to buy but not many are selling), it has a positive effect on the price. When the supply is greater than the demand (when lots of investors are trying to sell their assets but nobody wants to buy), it will have the opposite effect, causing the price to slump.
The Internet of Things
IOTA is unique among the major cryptocurrencies in that it was designed to facilitate payments between devices in the Internet of Things ecosystem. Although the IoT is rapidly becoming one of the most important networks in the world, powering everything from our global manufacturing industry to the success of smartphones, it’s not resistant to attack.
If you’re wondering ‘is IOTA a good investment?’, it’s worth remembering that this crypto’s biggest selling point could also be its greatest vulnerability. If machines in the IoT are hacked, or simply suffer a power outage, it could significantly reduce the demand for (and therefore the price of) MIOTA.
News And Social Media
The cryptocurrency market is highly dependent on news coverage and social media discussion. Whether it’s a prominent crypto analyst making bold predictions on Twitter or a media outlet sharing global news with financial repercussions, the price of MIOTA (and every cryptocurrency) can crash or soar overnight based on reported facts. We saw this with the coronavirus crash back in March. As news of the coronavirus reached a fever pitch, investors began to sell their assets — despite the fact that many experts now believe that coronavirus could increase the usage of cryptocurrency.
- IOTA (MIOTA) is the platform and native cryptocurrency which aims to facilitate transactions between devices in the IoT network
- At the time of writing, its market capitalization is $697,785,265 and its price is $0.251044, making it the world’s 29th biggest cryptocurrency
- IOTA doesn’t rely on a blockchain. Instead, it uses what is known as a decentralized Directed Acyclic Graph (DAG), which should be more scalable
- IOTA has made partnerships with companies including Bosch and Airbus
- WalletInvestor has predicted that the price of MIOTA will experience a huge jump into the start of 2021, surpassing $1 for the first time since 2018
- Trading Beasts believes that the average price of MIOTA could range between $0.32 and $0.35 for the duration of the year, with the asset’s highest value of $0.3512678 coming in December
- Overall, the short-term predictions suggest that the price of MIOTA will remain higher in 2021 than it is currently
- For 2022-2025, DigitalCoinPrice’s algorithm predicts that MIOTA will be worth $1.038628 in June 2024, with this ultimately paving the way for values of $1.240920 in November 2025
- Both PrimeXBT and Coinswitch believe the price of MIOTA could reach $5 or more by 2025
- IOTA’s previous ATH was $5.3484
- The price of MIOTA can be affected by supply and demand, the IoT industry, and news and social media
- Making IOTA (MIOTA) price predictions can be incredibly difficult, due to the unpredictability of the market
If you’ve been looking for a reliable IOTA price prediction for 2021, 2022, 2025 and beyond, we hope that you’ve found this article useful. Although it’s impossible to predict with total accuracy, analysing the past performance of MIOTA price is a key way in which expert investors can make future projections.
Whether you’re hoping to inform your trading strategy or wondering ‘is IOTA a good investment?’, looking at cryptocurrency predictions can be an excellent place to start.
So what have we learned? In general, the projections for 2021 suggest that anyone who’s ever googled ‘will IOTA go up?’ should be relatively happy. Although the forecasts for 2021 aren’t overwhelmingly bullish, almost all agree that the price of IOTA (MIOTA) will increase, with Previsioni Bitcoin offering the most optimistic predictions. For 2022-2025, the outlook could be more dramatic. Most of the predictions agree that the value of MIOTA could exceed $1 and in some cases, hit an all-new ATH.
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IOTA Price Predictions — FAQs
Does IOTA have a future?
According to the predictions we’ve seen, yes, IOTA could have a future. Its price could exceed $1 in 2021, with developments in the IoT driving increased market adopting of the asset.
Can IOTA reach $10?
Coinswitch believes that IOTA could almost reach $10 within the next five years, hitting a value of $9.847 before the end of 2025. If this happens, we could easily see IOTA reach $10 in 2026.
Can IOTA reach $100?
In order to reach $100, IOTA would need to achieve a market capitalization of around $278 billion. This is a long way off its current market cap of $697,785,265, so the answer to this question is potentially, but we shouldn’t expect it to happen within the next five or then years.
Disclaimer: IOTA and other cryptos are highly volatile. Your capital is at risk and Past performance is not an indication of future results. Forecast and analysis reflect the views of different external and internal analysts at any given time and are subject to change at any time. Moreover, they can not constitute a commitment or guarantee on the part of Trading Education.