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- 1 The price prediction shows that the IOTA price may surpass $0.30 by the end of 2024.
- 2 IOTA price currently trades at $1846 with a decline of 1.57% in the past 24 hours.
- 3 The IOTA weekly price chart illustrates the formation of a bullish flag pattern.
IOTA is a distributed ledger that uses a technology called Tangle instead of a blockchain for validating transactions. This approach helps achieve greater speeds and lower fees, making it suitable for the Internet of Things (IoT) ecosystem.
It aims to become the standard platform for handling transactions between IoT devices, a potentially vast market given the projected growth in IoT devices.
The IOTA price has been facing bearishness in the past two weeks after a continuous gain of the last five weeks. The price is still at a gain of over 25% in the past month. The bulls are still dominating in the short term which may ultimately turn the long term trend optimistic.
It had a 24-hour trading volume of $9.018 Million with a rise of 23.03% as compared to the last day. The live market cap is $553.49 Million and stands at 80th among the top cryptos. The volume-to-market cap ratio is 1.45% indicating a very low volatility in the market.
IOTA Price Prediction November 2023
The IOTA price action analysis elaborates the formation of a bullish flag pattern over the weekly timeframe. The breakout above the bullish flag may shift the long term trend optimistic and the price may surge higher.
The price prediction for November 2023 showcases a neutral to bullish outlook as the price has surpassed the 50-day and 200-day EMA. The price may reach $0.215 by November 2023.
IOTA Price Prediction 2023
The optimistic analysts expect that the IOTA price may surpass $0.240 by 2023, indicating an upside potential of 30.85% from CMP. The bulls are dominating in the short term which may turn the long-term trend optimistic. The pessimistic view of analysts estimate the price may drop to $0.16 level.
IOTA Price Prediction 2024
As per the analysts, the most optimistic target that IOTA price may achieve is $0.338 indicating an upside potential of 83.12% from the CMP. The average analyst price target is $0.280 by the end of 2024. However, the pessimistic view of analysts expects the price to reach $0.2249.
IOTA Price Prediction 2025
In the next three years, the IOTA price may reach a high of $0.408 as per the most optimistic estimates of the analysts. The minimum forecasted price by the end of 2025 is $0.277.
IOTA Price Prediction 2026
The IOTA price may reach a high of $0.490 if a positive trend prevails for the crypto market. On the flip side, the most pessimistic view of the analysts expects the price to reach $0.366 by 2026.
IOTA Price Prediction 2027
According to the analysts’ price prediction for the year 2027, the most optimistic view estimates a price target of $0.568. The minimum price target that the IOTA crypto may achieve by 2027 is $0.413.
IOTA Price Prediction 2028
The IOTA crypto may rise to a high of $0.835 if the most optimistic trend prevails. However, the most pessimistic view of analysts estimate that the price may reach a low of about $0.578.
Disclaimer
The views and opinions stated by the author, or any people named in this article, are for informational purposes only and do not establish financial, investment, or other advice. Investing in or trading crypto or stock comes with a risk of financial loss.
Steve Anderson is an Australian crypto enthusiast. He is a specialist in management and trading for over 5 years. Steve has worked as a crypto trader, he loves learning about decentralisation, understanding the true potential of the blockchain.
