This IOTX coin price prediction is based on technical analysis only. Below, you will find the key steps we have taken in analyzing and forecasting the IOTX price.
There is always a buzz around the world of cryptocurrency. However, many cryptocurrencies peaked during this 2021 uptrend. In contrast, some digital currencies also declined. Therefore, many traders and investors of digital currencies are confused about whether it is time to keep or sell their cryptocurrencies at a reasonable price. This may be the same scenario for IOTX traders and investors.
On the other hand, the crypto market has been stabilizing recently, and most digital currencies are losing their previous gains. Does the IOTX price experience the same scenario? We will find out about IOTX 2021 price analysis soon in this article. But first, let’s take a look at IOTX.
What is IoTeX (IOTX)?
IoTeX (IOTX) is a Blockchain-in-a-blockchain private scalable solution for IoT power supply.
It is designed to connect to the physical world of block-to-block Internet devices and will be both fast and scalable thanks to its unique Roll-DPoS mechanism. IoTeX also brings a lightweight technique to privacy.
However, given the extensive list of privacy coins and IoT solutions, can they differentiate themselves?
In this IoTeX review, we will give you an overview of the project. We will focus on technology, team members, and uses. We will also look at the development roadmap and the broader acceptance of IOTX tokens.
Launched as an open-source project in 2017, IoTeX has created a decentralized platform aimed at empowering the reliable IoT – an open ecosystem in which people and machines can be guaranteed with confidence, free will, and Interact with complete privacy.
With a global team of more than 30 scientists and research engineers, the project aims to combine blockchain, secure hardware, and confidential computing to enable smart devices and networks while maintaining privacy.
It is a private blockchain within a blockchain solution designed to power the Internet of Things (IoT). IoTeX is designed to connect to the physical world of Internet devices and be fast and scalable through the use of Roll-DPoS ‘unique mechanism.
According to research by Juniper Research, the number of IoT devices is expected to exceed 50 billion by 2022. This is a huge number, and countless Internet-connected devices also require secure real-time communication and automation methods.
Several problems have prevented the widespread adoption of IoT technology. This includes:
- Lack of privacy.
- High operating costs.
- Lack of functional value.
IoTeX intends to address these issues with a privacy-driven blockchain that provides flexibility and scalability using a fast, stock-based consensus mechanism using side chains.
IoTeX is not without competition. One of its biggest competitors is IOTA, which uses Directed Acyclic Graph (DAG) technology to solve scalability problems and provide a lightweight platform for low-energy devices.
Iota uses DAG technology at a price, and that price is a global deal. The developers of IoTeX think that this price is too high and are looking to design a blockchain solution to go beyond scalability issues. Their vision consists of a blockchain made of many blocks. A root block will be responsible for network security and governance, followed by side chains that perform specific tasks.
Who Are the Founders of IoTeX?
The founders of IoTeX are Qevan Guo, Jing Sun, Xinxin Fan, and Raullen Chai.
Qevan Guo is also a co-founder of Hyperconnect Lab. He used to be a research scientist and engineering manager at Facebook.
Jing Sun also works as a managing partner at Sparkland Capital. She is an LP investor at Polychain Capital and an angel investor at Rippling.
Before co-founding IoTeX, Xinxin Fan was a senior research engineer at Bosch Research and Technology Center, North America. He has also worked as a research associate and project manager at the University of Waterloo.
Besides being a co-founder of IoTeX, Raullen Chai is also an advisor at BootUP Ventures and is a member of the Industrial Distributed Ledger Task Group at Industrial Internet Consortium. He used to work as the lead of crypto R&D and engineering security at Uber.
How and Where to Buy IoTeX (IOTX)?
IOTX has been listed on several crypto exchanges, unlike other main cryptocurrencies, it cannot be directly purchased with fiats money. However, You can still easily buy this coin by first buying Bitcoin, ETH, USDT from any large exchange and then transferring to the exchange that offers to trade this coin, in this guide article we will walk you through in detail the steps to buy IOTX
You will have to first buy one of the major cryptocurrencies, usually either Bitcoin (BTC), Ethereum (ETH), Tether (USDT)…
We will use Binance Exchange here as it is one of the largest crypto exchanges that accept fiat deposits.
Binance is a popular cryptocurrency exchange that was started in China but then moved its headquarters to the crypto-friendly Island of Malta in the EU. This exchange is popular for its crypto to crypto exchange services. Binance exploded onto the scene in the mania of 2017 and has since gone on to become the top crypto exchange in the world.
Once you finished the KYC process. You will be asked to add a payment method. Here you can either choose to provide a credit/debit card or use a bank transfer and buy one of the major cryptocurrencies, usually either Bitcoin (BTC), Ethereum (ETH), Tether (USDT)
IoTeX price analysis 2021
IoTeX currently ranks 77th in CoinMarketCap. But will the latest upgrades, developments, and changes in the IOTX blockchain help drive up the price of digital currencies? Let’s go to the charts in this IOTX coin price prediction article.
In the daily timeframe diagram shown above, we can see the symmetrical triangle pattern. This pattern shows the consolidation period that may lead to price failure or failure. In the foreseeable future, IOTX has a better chance of rising than falling.
The Relative Strength Index (RSI) is at 46.47, meaning that IOTX is neither over-buying nor over-selling. This may result in a refund at any given time. Therefore, traders should trade digital currency wisely and should not be affected by the market turmoil. With all this in mind, traders can avoid unexpected losses due to the brutal fluctuations of the crypto market.
Let’s also look at the Simple Moving Average (SMA) and the IOTX Moving Average (EMA).
Since the beginning of 2021, the price of IOTX has seen many upward movements, which is higher than the previous price. In addition, these are immediately followed by stabilization, fluctuations, and corrections. With that in mind, IOTX has a competitive market in 2021.
IOTX coin price prediction
Below we have compiled the most reliable IOTX coin price prediction from popular forecasting platforms.
# 1. WalletInvestor IOTX coin price prediction for 2021, 2023, 2025
According to WalletInvestor, the price of IoTeX will increase from $ 0.2160158 to $ 0.286 a year. This makes IOTX a great investment. The long-term revenue potential is 32.40%. The projected price for the end of 2026 is $ 0.634.
# 2. TradingBeasts IOTX coin price prediction for 2022
Asked if IoTeX is a good investment, TradingBeasts says yes. In the outlook for 2021, the price of this coin is expected to reach $ 0.2329820 with a growth of $ 0.2513771 by the end of 2022.
# 3. DigitalCoin IOTX coin price prediction for 2021, 2022, 2023, 2025
In DigitalCoin analysis, the price of IoTeX digital currency will increase from $ 0.1891219 to $ 0.6832031 today over the next 5 years. It will reach $ 0.3150445 by 2022 and will continue to grow in 2023-2024. According to this forecast, IoTeX is a profitable long-term investment.
IOTX coin price prediction 2021
The chart below shows that IoTeX has performed very well over the past few days. In addition, the price of IOTX in the last 7 days is more than 25%. If this trend continues, IOTX may move with the cows and cross its $ 0.3 resistance level and rise.
Conversely, if investors oppose digital currency, bears may take control of the IOTX and move out of their uptrend. In other words, the IOTX price may fall to $ 0.15, which is a bearish signal.
Meanwhile, our IOTX long-term price forecast for 2021 is bullish. It is likely to cross its current highest price (ATH) of around $ 0.26 this year. However, this only happens if it breaks many of the previous psychological resistances.
IOTX coin price prediction 2022
If this uptrend continues, IOTX will reach $ 1 by the end of 2022. In addition, the first half of 2022 will show rapid growth to $ 1.5. This increase then decreases, but no major fall is expected. In the future, contributions and improvements of up to $ 1.5 are quite optimistic in terms of price, but they are undoubtedly possible for the near future.
IOTX coin price prediction 2023
The price of IOTX can go even higher, but it reaches $ 5, in addition, this is only possible if the market maintains its upward trend. In addition, only if the IOTX digital currency crosses the level of psychological resistance.
IOTX coin price prediction 2024
As per the latest upgrades, developments, IOTX coin price prediction, and new project forecasts of the platform. Moreover, this might boost the price of IOTX in the crypto market, and it will be the best investment as the price can spike and reach around $10.5.
IOTX coin price prediction 2025
Over the next four years, the price of IOTX could rise to $ 25. However, it is not difficult for IOTX to reach this level because medium, short-term, and long-term price targets can be found for buying or selling orders. This indicates that IOTX is forecast to have a high probability of reaching the new ATH in the next five years.
Why is the IOTX price rising?
IOTX, which has been constantly on the rise for the past few weeks suddenly surged in the last few hours and it hasn’t stopped. The surge in IOTX price comes mainly from the partnerships announced by the company on Wednesday. The company made back-to-back announcements regarding its partnership with Travala.com and NOWPayments. The tie-ups with the companies saw investors splurge more into the coin as it began to build a stronghold in various sectors. Yet another possible reason for the bullish run of the coin could be the IoTeX’s conference that took place on Tuesday which seemed to have had a positive effect on the coin’s investors.
IoTeX has a bright future ahead in 2021. With the ongoing developments happening within the IOTX ecosystem, as well as in the overall crypto market, we may see IOTX reach new heights.
Bullish IOTX price prediction 2021 is $0.3. However, it may even reach $0.5 if investors have decided that IOTX is a good investment in 2021, along with mainstream cryptocurrencies like Bitcoin and Ethereum.
The Bitcoin network was introduced to the world in 2009 by an unknown individual or group called Satoshi Nakamoto. In 2021, there are more than 10,000 different projects in the field of cryptocurrencies. each of them has its role in building the future of money.
The market value of cryptocurrencies reached $ 1 trillion for the first time in January 2021. It passed $ 2.5 trillion in less than three months later. It shows that this market is one of the growing markets in the favor of its investors.
Bitcoin Cloud Mining is the process by which you participate in a mining pool to a cloud miner website and purchase a certain amount of hash power. The profit is distributed equally among all participants who have participated in the mining pool based on hash power. The cloud miner platform allows you to mine your Bitcoin without installing any hardware and at no extra cost. Minerland, the best crypto cloud mining service, helps you invest in Bitcoin easily and with low risk.