Blockchain technology has brought many benefits for data transfer. There is no doubt that blockchain offers more secure and faster transactions for cryptocurrencies. However, this technology has its limitations. The IOTA project aims to fill this gap by providing solutions to several problems of blockchain-based cryptocurrencies.

It leverages distributed ledger technology to provide limitless throughput at minimal expense. The main focus of this project is to execute transactions between devices connected to the Internet through the so-called Internet of Things (IoT) paradigm. As an investor interested in this asset, you surely would like to know about IOTA future price.

What Is IOTA (MIOTA)?

Coin Name	IOTA
Coin Symbol	MIOTA
USD Price	$ 1.74
Marketcap	$ 861 600 850
24h Volume	$ 13 219 818
Total Supply	2 779 530 383

IOTA is a public distributed ledger that does not use blockchain technology. Instead, it uses directed acyclic graph (DAG) technology. IOTA utilizes a system of nodes known as Tangle to confirm transactions on the network. The Tangle is a graph in which nodes are interconnected via edges. Each node holds transactional data to build consensus in the system.

For example, miners form a consensus in the proof-of-work (PoW) mechanism. But the Tangle requires each participant to confirm two other transactions before having their own transaction confirmed. In this way, the network remains wholly decentralized and self-regulated. What’s more, the network is feeless regardless of the network’s size since users don’t have to pay miners.

The IOTA network aims at executing micro-transactions between IoT devices in the future. So far, this network has demonstrated several real-world applications such as smart cities, smart energy, eHealth, supply chains, manufacturing, and more. Applications will expand as the IOTA network grows and gains mass adoption. The IOTA token (MIOTA) will power all these transactions.

The total supply of MIOTA is 2,779,530,283 tokens. The total supply was pre-mined, and no more MIOTA tokens will be minted or mined again.

Price History of IOTA (MIOTA)

IOTA tokens hit the market in June 2017 with an initial price of $0.53 as per CoinMarketCap. MIOTA showed a lot of volatility since the beginning, dropping to $0.1587 on July 14, a month after its launch. The token rebounded and gained value again. On August 15, MIOTA traded at $1.0452. However, this token could not maintain that price level for long. On November 4, the MIOTA price dropped to $0.3501. In December, a huge crypto rally began. Many cryptocurrencies gained value rapidly, and MIOTA was not an exception. On December 19, MIOTA set its current all-time high at $5.69. This token ended the year with a price of $3.9744.

In 2018, the MIOTA price decreased gradually. It bottomed on April 5 at $0.9354. The price increased in the following weeks, reaching $2.5977 on May 2. But once again, the MIOTA price dropped, bottoming at $0.444 on August 14. It did not cross the $1 mark for the remainder of 2018, closing the year at $0.3692.

Things did not improve for MIOTA in 2019 and 2020. The price of this token remained below the $0.50 mark, except for a few days at the end of May 2019. The MIOTA price reached $0.5139 on May 28. However, MIOTA ended 2019 with a price of $0.1611. In 2020, MIOTA reached its all-time low price on March 13 at $ 0.07962. This token ended 2020 trading at $0.2913.

The first month of 2021 was uneventful for MIOTA. But the following month, this token began to gain value rapidly. On February 18, it traded at $1.4863. MIOTA was back on track and reached $2.5322 on April 15. It struggled to keep that price level and ultimately dropped to $0.9114 on May 22. For the following three months, the MIOTA price roughly fluctuated between $0.60 and $1.20. This token showed signs of recovery and reached $1.9916 on September 3. For the remainder of 2021, the MIOTA price fluctuated between $1.00 and $1.60. It ended the year at $1.4119.

In January 2022, MIOTA lost value due to the bearish behavior of the entire crypto market. On January 8, the MIOTA price was $1.0733. It dropped further to $0.7773 on January 21. The MIOTA price progressively declined throughout 2022. As of January 12, 2023, this token traded at around $0.20.

IOTA Growth Factors and Technical Analysis

The IOTA project has experienced ups and downs in the last few years. While the creators of this platform are optimistic about the future of IOTA, you should not rely on their forecast only. To produce an independent MIOTA price prediction, it’s important to consider different growth factors in technical analysis. Some of the most decisive factors to consider are:

Adoption Rate. MIOTA will likely gain more value as more people adopt the IOTA services.
Demand. If the MIOTA token is in high demand, its price will increase since the supply is fixed, leading to scarcity.
Media and Hype. The way this digital asset is portrayed in the specialized press plays an important role also. When investors read positive news and forecasts about MIOTA, they are more likely to buy this asset.
Global Economic Situation. Different events worldwide can affect the MIOTA price. For example, the global economic market suffered significant losses because of the Covid-19 pandemic. As a result, many people turned to cryptocurrencies to secure their money, leading to the bullish crypto market of 2021.

We have included these and other factors to produce an unbiased IOTA forecast. We complement it with insight from reputable sources.

IOTA Price Prediction 2025

Digital Coin Price forecasts a MIOTA price of $1.36 in 2025. However, if mass adoption of the IOTA services occurs, the expected price can be higher. In such conditions, CryptoNewsZ predicts a MIOTA price above the $1.65 line for 2025. Accordingly, a maximum of $2 is not ruled out. Libertex is more optimistic and expects a MIOTA price of around $2.79 by the end of 2025.

IOTA Price Prediction 2027

CryptoGround expects the MIOTA price to be $5.1541 by the end of 2026. This prediction is consistent with Wallet Investor’s, which predicts a MIOTA price of $6.352 by the end of 2027. However, other predictions are more conservative. For example, experts with Digital Coin believe the MIOTA token will trade at $3.68 by the end of 2028.

IOTA Price Prediction 2030

There are not many MIOTA price forecasts for such a long term. It is hard to produce reliable IOTA coin predictions for so many years into the future. Coinswitch dares to offer a prediction, putting the MIOTA price at $10 and possibly as high as $12.43 by 2030. But more conservative analysts believe MIOTA will reach $4.21 by the middle of 2030, with a possible maximum of $4.40 toward the end of the year.

IOTA Price Forecast: Conclusion

So, is IOTA a good investment? It likely is. This project has a disruptive idea that solves many of blockchain technology’s shortcomings. The potential market for the project is enormous. Experts estimate that 20.4 billion IoT devices could be operating in 2024. If the IOTA services are widely adopted, the price of the MIOTA token will increase, bringing considerable revenue to long-term investors.

FAQ

How to Obtain IOTA (MIOTA)?

MIOTA is a popular token listed by the most prominent crypto exchanges. You can use such platforms to buy this digital asset with fiat money. However, if you prefer to buy MIOTA with cryptocurrencies, you can do it instantly, without registration and KYC, on LetsExchange.io. Our platform allows swapping more than 4,000 cryptocurrencies for MIOTA. Transactions are fast and secure. To store your MIOTA tokens, you should preferably use the native Trinity Wallet. It is available in desktop (Windows, Mac, Linux) and mobile (Android, iOS) versions.

What Are the Advantages of IOTA?

IOTA does not utilize blockchain technology, which offers several advantages:

Better scalability
No transaction fees
Higher transaction speed
Environmentally friendly

How High Can IOTA Go?

Nobody knows for sure, but the MIOTA token could cross the $10 line by 2030.

Can MIOTA Be Mined?

IOTA does not use blockchain technology. Therefore, miners are not needed to secure the network, and, consequently, one cannot mine MIOTA.

Disclaimer

Please keep in mind that the above information is based exclusively on our observations and is provided for informational purposes only. It doesn’t constitute any kind of financial advice nor represents an official forecast. Cryptocurrency is a highly volatile asset, and you are investing in it at your own risk.