IoTeX Price Prediction for 2025 and 2030
What will IoTeX price be worth in the long term?
IoTex has been one of the standout performers of 2021 when it comes to token price and is amongst the more intriguing projects in the cryptocurrency space. In the following article, we’ll take a look at its investment potential over the next few years.
The Internet of Things has long been touted as the future of industry and it's hardly surprising that blockchain technology features in many Internet 4.0 solutions. For those unfamiliar with the term, the IoT involves everyday objects, such as appliances and vehicles, being equipped with sensors and processing powers that enable them to gather and exchange information with other devices.
IoTex aims to facilitate this so-called Fourth Industrial Revolution by providing a secure, decentralised network that allows humans and machines to interact. It effectively connects the physical and digital worlds, allowing both human users and devices to access digital assets, applications and services.
IoTex isn’t the only blockchain project aimed at serving the Internet of Things, but it has proven itself to be amongst the most viable and has already launched several successful devices and entered into numerous partnerships with other blockchain projects. This seems to have struck a chord with investors and IOTX saw its price increase dramatically at the end of summer 2021.
So is IoTex going to become one of the major cryptocurrencies in the coming years? To answer this, we’ll need to take a closer look at the project and what leading analysts are predicting for its price potential.
A Closer Look At The Internet 4.0
As we’ve mentioned, IoTex is a cryptocurrency designed for the Internet of Things so it's worth taking a closer look at exactly what this is before going further with our IoTex price prediction for 2025 and 2030.
The good news is, the term Internet of Things is fairly self-explanatory. It refers to an interconnected network of objects - from your mobile phone to your refrigerator - that can gather and exchange data between them without the need for human intervention.
Another way to look at this is by considering ‘smart’ devices. Originally it was more or less smartphones, which are effectively small computers. Now, however, there are smart TVs, smart ovens, smart refrigerators. All of these things can, in theory, be connected to the Internet of Things.
Devices on the Internet of Things can gather data about their surroundings and relay them to either another device or a human user.
The possibilities of this are pretty limitless. Imagine, for example, a refrigerator that can order milk when you are running low, or a vehicle that can automatically ensure your licensing and tax are in order. The IoT promises to streamline numerous everyday processes, revolutionising both business and personal lives.
Of course, there are potential problems with this new digital utopia, not least issues relating to security, connectivity and a system for how devices may exchange value.
So Where Does IoTex Come In?
By 2022, the number of IoT devices is expected to reach around 50 billion. These devices all require a secure means of communicating in real-time that can be safely automated and trusted without the need for constant human intervention or supervision. This means of communication needs to be scalable, low cost and secure. And this is where IoTex comes in.
By providing a private, scalable blockchain that uses a sophisticated consensus mechanism and leverages sidechains to maximise efficiency, IoTex aims to provide a platform that will help drive real-world devices, allowing them to exchange data, pay for transactions, and send information to human users.
IoTex’s appeal lies in its proprietary Roll-DPoS consensus mechanism, derived from the standard Delegated Proof-of-Stake mechanism, which allows the network to deliver high-speed transactions without having to compromise on decentralization or security.
According to the IoTex website, the blockchain has 70 active delegates and the top 36 are selected as part of the consensus protocol. Of those, 24 are randomly selected to produce the blocks. Developers claim the IoTex blockchain can handle some 2000 transactions per second, which makes it well placed to handle the high volumes that will likely be required by the Internet of Things.
The IOTX Token
The native token of the IoTex platform is IOTX. It has several use cases on the network, effectively driving the ecosystem by creating incentives for users to verify transactions. The token can be paid as a kind of ‘tax’ for running transactions on the network, which is then redistributed to block producing delegates. Developers can also use the token as a means for powering devices on the network and incentivising users.
IOTX is also a governance token, meaning that holders can vote for delegates on the consensus mechanism, as well as on the direction of the project with regard to future developments.
At the time of writing, the token has a circulating supply of 9.4 billion and a market cap approaching $600 million. Its trading price sits at around $0.06 per token.
Looking At IoTex’s Price History
Before going any further, it's worth taking a look back at how IOTX has performed thus far. After all, whilst technical particulars and overall viability are certainly important, often a project’s price history can tell us much more about how a project is viewed amongst its competitors.
IOTX appeared on most top trading platforms in 2018. Its price had a somewhat chaotic first year. Initially trading at around $0.03, it doubled in value after a few weeks and trades at around $0.06 for a brief period. However, IOTX then went on a major slide and ended up bottoming out at less than a penny a token by August.
There was a brief price surge in November of 2018 when prices crawled back up to $0.02, but IoTex was unable to hold these gains and by early 2019 it had slumped to $0.007. The rest of that year was distinctly uninspiring for IOTX and by 2020 it had sunk even lower, hitting an all-time low of $0.0012 in March of that year.
When 2021 kicked off, IOTX was of little interest to most investors. However, all that was to change by February, when the token took off on the first of several price surges. By February, prices had surged by over 730% to $0.05 per token. After a chaotic spell, another upswing hit in May, taking IOTX to $0.07.
However, it was August that saw IOTX’s most incredible price increase. By the end of July, its token price had sunk to $0.019 but less than two weeks later, on 12 August, IoTex had skyrocketed to an all-time high of $0.141 - growth of over 2200% from January’s price.
Since August, IOTX has gone into a slight decline and at the time of writing its price sat at around $0.08.
Check Out: Why IoTeX (IOTX) Is Going To Explode
Who Are IoTex Major Rivals?
As we’ve noted above, IoTex isn’t the only blockchain aimed at the next industrial revolution. Its chief rival is probably Iota MIOTA. On the surface, both projects are fairly similar in the way that they both offer a scalable solution intended for the Internet of Things. However, whereas IOTX is a blockchain that relies on its proprietary Roll-DPoS system, IOTA actually uses Tangle - a non-blockchain distributed ledger technology.
Both offer a secure, decentralised way for devices and users on the IoT to exchange tokens, make transactions and access dapps. Both projects have strong development teams behind them and both have already gained support from tech firms, developers and other blockchain projects.
When it comes to token value, there’s no competition. MIOTA trades at $1.27 at the time of writing, whereas IOTX has never approached the $1 mark. However, what’s interesting is that, unlike most major cryptocurrencies, MIOTA peaked shortly after its launch, reaching a record high in early 2017. Whilst it was caught up in the market upswings of 2021, it did not experience anywhere near the growth of IOTX.
From a technical standpoint, there’s probably not much in it. When it comes to price history, however, it could be argued that MIOTA is the more stable of the two whereas IOTX has demonstrated more volatility. This suggests that both coins could complement each other as part of a diversified portfolio.
IoTex Price Predictions For 2025
IoTex is a fairly intriguing project and if the Internet of Things takes off in the way it is expected to, then it stands to reason that it could provide positive returns for investors in the future. However, things don’t always run so smoothly in the cryptocurrency world. With this in mind, it’s a good idea to see what some leading platforms are predicting for IOTX.
WalletInvestor has IoTex on an upward trajectory between now and 2025. According to its technical analysis, IoTeX could reach $0.10 by the end of 2022 and is likely to accelerate its growth across 2023. Going into 2025, the platform has predicted that IoTex will be worth a potential high of $0.38 per token and could even reach as high as $0.23 before the year is out.
Elsewhere, DigitalCoinPrice has made a similar IoTex price prediction for 2025. It has the token regaining the $0.10 before the end of 2021 and continuing to rise over 2022. By 2023, the platform believes IOTX will hit $0.15 and by 2025 it could break the $0.20 barrier.
TradingBeasts also sees a positive future ahead for IOTX. Its forecast has the token up around 14% by the end of the year and continuing to appreciate at a fairly steady rate over the next two to three years. By 2025, TradingBeasts believes that IOTX could have seen growth equating to around 45% on today’s price.
How Much Will IoTeX be Worth in Five Years?
Based on IoTeX projections from CoinLiker, the ITOX coin price is expected to rise significantly in the coming years, trading at $0.22 in 2022, $0.35 in 2023 and $0.42 in December 2025.
According to the IoTeX price prediction offered by Wallet Investor, ITOX is set to rise to $0.10 by the end of 2022, $0.15 in 2023, to soar all the way to $0.24 by December 2025.
IoTex Price Predictions For 2030
Making longer-term predictions for IoTex is difficult as much depends on developments regarding the Internet of Things. As such, IoTex price predictions for 2030 should be seen as suggestive only and shouldn’t form the basis of any investment strategy.
DigitalCoinPrice has forecast potential IOTX prices up until 2028. As with its mid-term price predictions, the platform is optimistic about the project’s future. It has IOTX reaching around $0.26 in 2026, with growth remaining subdued across much of 2027. However, by the end of 2028 we could see IoTex achieve an estimated price of $0.32 per token.
PricePrediction.net has also made a long term forecast. Its IoTex price prediction for 2030 has the token soaring past the $1-mark and reaching a potential high just shy of $2 by the end of that year. Of course, 100% growth in a year would be hugely optimistic and this prediction should be seen as the very best-case scenario.
These IoTex price predictions for 2030 may or may not turn out to be accurate, but if nothing else they are certainly a vote of confidence for the project.
A cryptocurrency research firm by the name of Crypto Research Report is calling for IoTeX to reach $0.25 by 2025, and $0.43 by 2030.
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Conclusion: Should You Invest In IoTex?
IoTex is a blockchain built for the future. Whilst it’s difficult to say just how much the Internet of Things will be part of daily life in the next five to ten years, we can be fairly sure that it is going to grow substantially and the likelihood is that we will see more and more smart devices emerging that will require a platform allowing them to interact as necessary.
If we look at IoTex price predictions for 2025 and 2030, we can see that many leading cryptocurrency analysts are expecting the project’s native token, IOTX, to increase in value in the coming years and judging by its recent history, it is more than capable of substantial upswings.
IoTex has shown more volatility than its nearest rival, Iota MIOTA, which arguably makes it a riskier investment. However, many traders will see opportunity here. It seems that deciding between the two projects largely comes down to your investment goals and your appetite for risk.
All things considered, IoTex already has a good degree of support, not to mention a very strong team behind it. If you’re looking for a way to diversify your existing cryptocurrency investment portfolio, then IOTX is certainly worthy of consideration.
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What is IoTex?
IoTex is a blockchain network designed for the Internet of Things. By providing a decentralised, secure platform allowing both machines and human users to communicate and transact, the development team behind IoTex hopes to become the go-to scalable solution when the much anticipated ‘4th industrial revolution’ becomes a reality.
Does IoTex have any major rivals?
IoTex isn’t the only cryptocurrency project intended for the next iteration of the internet. Its closest rival is probably Iota MIOTA, which looks to provide a similar service. However, there are some key differences between the projects and both have their strengths and weaknesses. Only time will tell which project - if either - becomes the dominant name in the space.
How much will IoTex be worth in 2025?
Judging by most IoTex price predictions for 2025, the project has a bright future ahead. Of course, nothing is guaranteed in the world of cryptocurrency, but most analysts seem to agree that IOTX will be approaching $0.20 by 2025.
Is now a good time to invest in IoTex?
IoTex is a cryptocurrency project designed for the Internet of Things - also referred to as Internet 4.0. The IoT is expected to grow exponentially in the coming years, so projects like IoTex could be well placed to take advantage of its growth. If this pans out to be the case, then now could well be a suitable time to add the token to your portfolio.
What are IoTex price predictions for 2030?
Realistically, long term cryptocurrency price predictions have very little value as the market changes so quickly. Therefore, IoTex price predictions for 2030 shouldn’t be seen as anything other than a best-case scenario. From what we’ve seen, long term forecasts have IOTX at anywhere between $0.40 and $1.