A few days ago, an IOTA ad with Jaguar Land Rover sped up the IOTA value and introduced a new car wallet that would pay for charging the battery or fuel. IOTA has announced a new feature called IOTA Phone Codes, which will help link user transactions with a centralized data market that collects customer service locations.
Most recently, IOTA was recognized by the Dutch technology company ElaadNL, which mainly focuses on IOTA Tangle technology. IOTA launched the smart city hackathon, which will be organized by Hackster.io, the world’s largest hardware-oriented community. In the long run, this can help simplify the IOTA protocol. Not only that, the IOTA Foundation cooperates with the start-up incubator Nova and seeks to finance new start-ups in the framework of the “Yota-co-founder” program
The technology that IOTA works on is Tangle, which will help increase efficiency and simplify stakeholder engagement. The partnership with Volkswagen made the members of the IOTA community be delighted with the events of 2019. IOTA is quite popular in distributed book technology (DLT). a) operations that have many potential uses and are aimed at transforming many industries. After that, even automobile companies such as BMW and Renault showed interest in the blockchain industry.
However, the value of digital currency is one aspect of the project that has not really impressed investors. Some investors are not even sure whether they should invest in digital currency or not. Nevertheless, IOTA looks like one of the most promising cryptocurrency in cryptocurrency. The future of MIOTA is safe, especially with the recent announcement of the EU Parliament.
IOTA has established many partnerships in several industries, including the automotive, manufacturing and insurance industries. All coin development and partnerships can pay off pretty soon, and the value of the coin can fly to the moon.
MIOTA The price for today is $ 0.279259 with a decrease in price by 4.77% per day. Currently, the MIOTA negotiable offer is 2,779,530,283, the market capitalization is $ 776,208,985.
What is IOTA (MIOTA)?
IOTA (MIOTA) is a distributed ledger designed to record and execute transactions between machines in the Internet of Things (IoT) ecosystem. The IOTA platform uses a decentralized acyclic graph (DAG) instead of the blockchain used by other systems. The non-profit foundation behind the IOTA platform also signed agreements with well-known companies, such as Bosch and Volkswagen (Germany), to expand the use of its platform among the connected devices.
IOTA wants in the future to become a standard transaction mode between devices connected to the Internet. MIOTA will allow micropayment transactions between connected devices. For example, it may allow you to buy products on an e-commerce site using a refrigerator connected to the Internet.
Using Tangle technology, IOTA is designed for infinite scaling. In addition, IOTA charges a zero commission for transactions made on its network. IOTA also seeks to solve three problems: scalability, network speed, and transaction fees. According to the IOTA development team, their network is easier and faster than the bitcoin blockchain network.
Market forecast for IOTA price
Since the market is quite volatile, it will not be easy to predict the price of any cryptocurrency, including for the 13th largest cryptocurrency in the world. But investors are optimistic about this cryptocurrency. Let’s look at the forecasts of some investors or websites:
# 1 Mega Crypto Price
This crypto-forecasting site predicts that IOTA can reach $ 1.13 by the end of 2019, which is a very conservative forecast. They even mentioned that by 2020 IOTA could reach 2.37 dollars, and by 2023 – 4.88 dollars.
# 2 Long forecast
The long-term forecast predicts that by 2020 it is expected that the coin can cost from $ 0.52 to $ 0.60. Even long-term projections predict that IOTA may depreciate by 2020. This forecast is not only conservative, but also too bearish.
# 3 Smartereum
Smartereum predicts that IOTA could reach about $ 38 by the end of five years. This suggests that they believe that IOTA may increase threefold in five years.
# 4 Digital Coin Price
Digital Coin Price predicts that by the end of 2019 it may fluctuate around $ 0.50, and by 2020 it may increase to $ 0.60 and has the highest probability of reaching $ 1.22 by 2025. according to this website. This is again a pessimistic bearish outlook.
# 5 Trading beasts
Tradingbeasts.com is a website that regularly updates IOTA forecasts based on historical data. According to them, the IOTA 2020 price forecast ranges from a minimum of $ 7.06 to a maximum of $ 10.38.
# 6 Crypto Ground
Crypto Ground believes IOTA could grow to $ 5,627 by 2023.
IOTA Price Forecast Verdict
IOTA addresses the security problem most commonly found in digital currencies based on chains, such as bitcoins. IOTA technology has something in common with Distributed Ledger Technology (DLT), which was introduced to fix confidentiality issues in the blockchain technology.
In recent months, the interest of individuals, firms and institutional investors in digital currency has increased significantly. IOTA has even entered into a partnership agreement with the MOBI (Mobility Open Blockchain Initiative) to provide greater security when trading digital currency. IOTA has great potential for future revenue and can reach about $ 4.20 by the end of 2019. IOTA is one digital currency that follows when looking for a digital currency with a promising future for investment.
The IOTA Foundation has signed a memorandum of understanding with the city of Taipei, where nearly 3 million people can exchange data and money with each other using digital ID cards with a built-in TangleID, which prevents counterfeiting. It was a huge moment for the IOTA community. The price of IOTA could rise to $ 4 by the end of 2019, since this year there will be a lot of development for IOTA.
IOTA 2019 Price Forecast
The IOTA project, which was recently associated with the automotive industry, is about to launch its first work product in collaboration with Volkswagen in the first quarter of 2019.
The product, called Digital CarPass, will see network tracking data, such as mileage for evaluation. car performance in Volkswagen cars. The IOTA team has already begun early research and development of a network broker in IOTA, which allows you to seamlessly switch between different network protocols, while remaining connected to a peer-to-peer network, which will be implemented mainly by 2019, by the end of 2019 IOTA will become more popular The price can be from 4 to 4.20 US dollars.
IOTA price forecast 2020
To support MIOTA according to the needs of embedded devices, it is in the early stages of testing and development using a screen capture that keeps the general ledger database very small and the required storage space is very small. 2020 is very important for IOTA, as its growth and development is evident.
Another IOTA planned approach that allows an IOTA client to work in these limited environments is to separate the core logic and the database between different devices, which then share it, which is analogous to the swarm analysis, which allows the cluster of devices to efficiently perform transactions without being a complete node, but with reduced requirements for trust from SPV and light clients (for unreliable transactions and checks). This project can be implemented by 2020,
Five year IOTA price forecast
It is predicted that IOTA will grow exponentially by 5 years or more. He will work on many future projects that would take him to a higher level. By the end of 2023, the IOTA price could reach $ 9,847.
The IOTA price forecast for 2025 can be unique because it can rise dramatically and reach $ 15, and who knows that IOTA can create history by reaching $ 20 by 2030 (IOTA price forecast for 2030).
IOTA can even go further and get into the top 10 cryptocurrency list by market capitalization. You can convert IOTA to BTC from CoinSwitch at best prices.