From smartwatches to self-driving cars, the IoT ecosystem spans diverse devices, with urban infrastructure poised for further expansion. Traditional blockchains prove intricate for IoT, necessitating dedicated solutions like IOTA's ledger-based Tangle. As Tangle gains prominence, IOTA emerges as a pioneering project, sparking our curiosity about its future crypto value. Anticipating its impact across industries, let's delve into an IOTA crypto price prediction, exploring the symbiotic relationship between this next-gen tech and its token's valuation.

What is IOTA (MIOTA)

IOTA (MIOTA) is a unique cryptocurrency that stands out for its non-blockchain technology. Instead, it utilises a blockless platform called Tangle. This platform relies on an open-source distributed ledger technology protocol and is used in various IoT applications. The team behind this project, consisting of David Sønstebø, Sergey Ivancheglo, Dominik Schiener, and Serguei Popov, launched it in 2015. They aimed to focus on researching and implementing the protocol, collaborating with partners for sustainable impact, providing open-source software for frictionless transactions, and educating the community on use cases. What sets IOTA apart is its Tangle technology, a unique blockless system. 

IOTA History

IOTA, introduced in 2015, is the ultimate solution for the machine-to-machine (M2M) economy of the Internet-of-Things (IoT). A quantum-resistant distributed ledger protocol aims to provide an accessible decentralised payment system. With a focus on data integrity and security, IOTA offers solutions for micro and nano transactions without compromising these aspects.

The Tangle is the foundation of IOTA, requiring minimal calculations. The Tangle's efficient data transfer ensures fast and flawless transactions, making it an essential component of the Internet-of-Things ecosystem. Founded by David Sonstebo, Dominik Schiener, Sergey Ivancheglo, and Serguei Popov, IOTA has positioned itself as a valuable cryptocurrency in the ever-growing world of IoT.

IOTA Overview

IOTA differs from other cryptocurrencies like Bitcoin as it's built on a unique distributed ledger technology called the Tangle. Unlike blockchain, the Tangle doesn't rely on miners, validators, blocks, or transaction fees. This allows IOTA to overcome the cost and scalability issues associated with blockchain. The Tangle's direct acyclic graph (DAG) structure eliminates scalability issues and costs, enabling no-fee payments, lower computing costs, and seamless integration with IoT devices. 

IOTA's structure is well-suited for the IoT economy as it removes the friction of high transaction costs, which goes against the purpose of the IoT. Currently, IOTA is redesigning its ledger technology and protocol for consensus, with the fully decentralised 2.0 version on the horizon.

IOTA White Paper

The IOTA white paper explores the mathematical foundations of IOTA, a cryptocurrency created for the Internet-of-Things (IoT) industry. Its key innovation lies in the Tangle concept, which is a directed acyclic graph (DAG) that stores transactional data. Going beyond traditional blockchains, the Tangle represents a natural advancement, providing the necessary features for a practical machine-to-machine micropayment system.

How to Buy IOTA

It's important to note that IOTA is the overarching platform, while MIOTA is the cryptocurrency token that powers the IOTA system. MIOTA, listed under the ticker MIOTA, can be obtained from various cryptocurrency exchange trading platforms, like StormGain. To purchase IOTA, follow these step-by-step instructions:

1. Register for an account and complete the verification process

If you don't already have an account on your chosen cryptocurrency exchange, you must register and provide some basic information. Verification of your identity is usually required to prevent fraud. Most platforms will ask you to upload a photo of your ID for verification purposes.

2.Set up a cryptocurrency wallet

Once your identity is verified, you can buy or trade cryptocurrencies. While you can store the public and private keys needed for trading on the exchange, this method may expose your keys to potential loss or theft. Setting up a cryptocurrency wallet offers a more secure way to store and keep your keys safe. Various wallet options are available, including the Firefly wallet provided by the IOTA Foundation.

3. Deposit your cryptocurrency

Log in to your account and deposit cryptocurrency. This process should only take a few minutes.

4. Purchase your tokens

You are now ready to make your purchase. Simply find the cryptocurrency pair that corresponds to your desired transaction, such as IOTA/BTC when buying with Bitcoin, and enter the amount of IOTA you wish to acquire. Click "Buy" to complete the transaction, and congratulations, the IOTA tokens are now yours.

IOTA Benefits

IOTA offers several benefits compared to other cryptocurrencies. One major advantage is the absence of transaction fees. Unlike Ethereum and Bitcoin, users don't need to pay for gas or reward miners to complete transactions on the IOTA network, making it a fee-free data and value transfer protocol.

Another benefit is faster transaction speeds. Traditional blockchains often need help with bottlenecks due to the time it takes to create new blocks. In contrast, IOTA's network can handle up to approximately 1,000 transactions per second (TPS). This is significantly higher than the 5 TPS for Bitcoin and around 15 TPS for Ethereum.

IOTA is also energy-efficient, making it suitable for low-energy devices such as sensors. Even simple IoT devices like toasters can write data to IOTA's Tangle, thanks to its design that accommodates devices operating in a low-energy environment.

Furthermore, IOTA is adaptable to various use cases. Large corporations can tailor IOTA to suit their specific needs. For example, with IOTA Access, an open-source framework, a car owner can grant remote access to their vehicle to someone else.

Lastly, IOTA is committed to decentralisation. Its 2.0 version is fully decentralised, following a roadmap to distribute power and decision-making across the network.

IOTA (MIOTA) Price Analysis

At the time of writing this IOTA crypto price prediction on 17 August 2023, the token's price was $0.155834, with a daily trading volume of $5,735,639. MIOTA ranked #81 on CoinMarketCap, with a live market cap of $433,146,390, a circulating supply of 2,779,530,283 MIOTA and a maximum supply of 2,779,530,283 MIOTA.

IOTA price statistics (as of 17/08/23)

IOTA price history

In late 2017, IOTA emerged on the scene and quickly gained attention and value through speculation. It reached around $1.30 per token, which remains the current market price. The supply of IOTA is limited, with only 2,779,530,283 MIOTA ever to exist. By the end of the year, IOTA experienced a strong trend, reaching a high of $5.79 on the IOTA/USD trading pair. This increase was fuelled by promising news of partnerships. However, the altcoin's price soon began to decline rapidly as the crypto hype bubble burst.

In 2018, IOTA closed the year at just $0.20 per coin, marking a significant drop of over 90% from its all-time high. However, in 2019, IOTA started to show signs of recovery, doubling in price with a 100% ROI and reaching a high of $0.50 per token.

Later in 2019, IOTA hit a new low during the bear market, dropping to $0.14 per token. Despite this, the potential of IOTA remained strong, and many long-term price predictions remained.

In late 2020, IOTA began to recover but suffered greatly during the Black Thursday crash. As 2021 arrived, IOTA started to turn bullish, reaching a recent local peak of $2.70. However, this high is still significantly lower than its all-time high, leaving the possibility of a full recovery uncertain.

MIOTA/USDT price chart

IOTA technical analysis

Based on the data collected while writing this IOTA (MIOTA) price prediction on 17 August 2023, the prevailing sentiment of IOTA is bearish. The technical indicators show an anticipated decline in IOTA's 200-day Simple Moving Average (SMA) over the forthcoming month, with a projected value of $0.198523 by 15 September 2023. 

Furthermore, estimations suggest that the short-term 50-Day SMA for IOTA will likely attain a value of $0.203005 by the same date. 

Derived from the analysis of the classical pivot point (P1), which records a value of $0.157569 as of 17 August 2023, IOTA demonstrates support levels at $0.150649 and $0.145865, with the most robust support manifesting at $0.138945. Similarly, resistance levels for IOTA are identified at $0.162353, $0.169273 and $0.174057.

IOTA crypto price in 2023

The IOTA cryptocurrency market's technical analysts have predicted a mix of bears and bulls, indicating a diversified trend. However, the price predictions for 2023 are mostly bullish. 

Despite performing poorly in the past year, IOTA's competitors failed to captivate traders. Nevertheless, IOTA has managed to maintain stability, which is an interesting aspect to discuss. Its involvement in various exciting projects has helped sustain its price momentum.

Is IOTA a good investment?

Based on market data and IOTA price analysis, investing in IOTA long-term could be profitable. Crypto forecasts indicate that the price of IOTA may exceed $1.50 by 2030, making it a potentially wise investment decision.

IOTA (MIOTA) price predictions for 2023-2050

Due to its recent introduction, IOTA has yet to earn the same level of support or recognition as more established assets like Bitcoin, Ethereum or Litecoin. However, numerous industry experts have shared their long-term price forecasts for IOTA. That said, let's consider IOTA price predictions for 2023 and beyond. 

WalletInvestor IOTA price prediction for 2023, 2025, 2030, 2040 and 2050

Based on the IOTA price predictions by Wallet Investor, there's no anticipation of a prolonged surge in value. The projected price for IOTA (MIOTA) at the end of 2023 is set at $0.0148. As a result, MIOTA might not be deemed a favourable choice for a one-year investment, given its potential for substantial risk and limited returns.

Looking ahead, the average IOTA price prediction for 2025 amounts to $0.02. Moreover, the IOTA crypto price prediction for 2028 is estimated to reach $0.05.

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DigitalCoinPrice IOTA crypto price prediction for 2023, 2025 and 2030

According to DigitalCoinPrice's IOTA price prediction and extended forecast, the projected value of MIOTA is anticipated to reach around $0.40 by the conclusion of 2023 and further ascend to approximately $0.65 by 2025.

CoinCodex IOTA price prediction for 2023, 2025 and 2030

According to CoinCodex's forecast, IOTA's price is expected to reach $0.172514 by 21 August 2023. Based on IOTA's past performance, the outlook for 2024 suggests a possible low of $0.158908 and a potential peak of $0.389307 in 2024. Looking ahead to 2030, the projected price range for IOTA is estimated to be between $0.033037 and $0.075824. 

Long Forecast IOTA token price prediction for 2023, 2025 and 2030

Long Forecast’s IOTA price prediction indicates that the token is projected to close 2023 at $0.11. Looking ahead, the MIOTA price forecast for 2025 through 2027 stands at $0.03.

Capital IOTA price prediction for 2023, 2025 and 2030

In Capital.com's IOTA price prediction for 2028, the highest expert projection places the token's value at $8.74.

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IOTA (MIOTA) future forecast in general

IOTA price prediction varies across sources. Wallet Investor predicts $0.0148 by 2023, signalling caution for short-term investors. DigitalCoinPrice sees potential values of about $0.40 by 2023 and $0.65 by 2025. CoinCodex foresees $0.172514 by late 2023, with a 2024 range of $0.158908 to $0.389307 and a 2030 projection of $0.033037 to $0.075824. Long Forecast expects $0.11 by 2023 and $0.03 for 2025-2027. Capital.com's expert projects $8.74 for IOTA in 2028.

How high can IOTA go?

Considering the provided forecasts, the highest projected value for IOTA's price emerges from Capital.com's expert prediction, which envisions IOTA potentially reaching $8.74 by the year 2028.

IOTA price prediction today

IOTA, considered by many as one of the remarkable cryptocurrencies of this year (MIOTA), holds a promising position. The 2023 MIOTA price projection expects substantial growth in the latter half of the year, with a potential ascent to $0.232367.