In this guide, we will express our and the market’s opinion on the future of MIOTA as we discuss IOTA’s price forecasts for 2023 and beyond.
Please keep in mind that you should take this and any other forecast with a grain of salt as predicting anything is a thankless task, let alone predicting the future of a new highly volatile financial asset like Iota.
Now, let’s get into it.
Before delving into Iota’s price prediction and answering questions about whether MIOTA is a good investment or not, why MIOTA will succeed or fail, or why the price of Iota will rise or fall, let’s quickly take a look at what MIOTA is and its history to date.
IOTA was initiated to provide distributed ledger technology for machines and the Internet-of-Things (IoT) space where small connected devices regularly share data.
Because these machines and devices are generally specialized to be low-power and perform only specific functions, IOTA does not use a traditional consensus mechanism such as proof-of-work or proof-of-stake nor does it use a blockchain structure. Instead, it uses a different type of public ledger with a popular nickname “The Tangle”.
The aim of the project is to enable these devices to conduct micropayment transactions with each other and potentially transfer data securely. At the heart of the project is what is referred to as the “Tangle”, a directed acyclic graph (DAG) that serves as a public accounting system. The team believes this structure will enable commission-free payments, lower compute costs, and the ability to connect to billions of devices.
The efficiency of this system also grows as the number of participants increases as transactions will be processed at a faster rate. One of the most recent versions of the project was a data marketplace that allows you to store and sell data streams by masking the source of the data.
However, one thing to remember when it comes to IOTA – it’s still a completely centralized effort without a concrete date for the removal of their coordinator.
This was blatantly clear in February 2020 when their main wallet – Trinity was hacked and users’ funds stolen. In order to investigate the issue, IOTA paused the entire network by taking the coordinator offline for a couple of days.
Iota Price Forecast
The entire cryptocurrency world is on the verge of complete collapse. Bitcoin fell 75% from its all-time high amid broader market declines caused by furious inflation and the US Fed’s rate hikes.
When you add the most recent collapses of huge industry players (FTX, Celsius, Moon etc.) into the equation, the horizon is murky and there will be more blood on the streets of the crypto city.
Investors are selling risky assets and moving to more stable markets. Crypto is still perceived as a very risky game and therefore sell off.
Our algo still sees some green in 2023, especially in the second half of the year. This is reflected in our forecast for 2023.
Right now, Bitcoin needs to find a bottom before we can move in the opposite direction and reverse the trend.
Once Bitcoin settles into the new price range, altcoins will start doing the same – we’ve seen this scenario dozens of times in distant and more recent history.
Our price forecasting model is bearish for the next 90 days with a hint of a bull market straddling quarters from Q1 to Q2. We expect whales and other larger players in the market to finish filling their bags around that time, which will cause a typical and sudden crypto spike.
The fundamentals we evaluate are teams, tokenomics, use case, community, marketing efforts, liquidity and availability of exchange, hype and speculative potential, and some other proprietary factors developed in our crypto lab.
Miota Price Prediction 2023
High inflation and the extremely dangerous macroeconomic situation have been heavily reflected in the price of Bitcoin in 2022. When we take the internal crypto issues with big players like FTX, Celsius, Voyager, Luna going down, 2023 doesn’t look too good for bulls. We’ll likely see a lot of boring sideways price action with a tendency to slide down with each minor market tremor.
MIOTA Price Prediction 2025
Our forecast model sees MIOTA reaching $0.6439 in 2025.
How much will MIOTA be worth in 5 years?
The price of MIOTA in 5 years could be around $ 0.4141Iota Price Prediction 2030 – 2040
How much will IOTA be worth in 2030?
Our forecast model sees IOTA reaching $1.61 in 2030.
How much will IOTA be worth in 2040?
Our forecast model sees IOTA reaching $3.22 in 2040.
Will IOTA replace/surpass/surpass Bitcoin?
No, IOTA will not replace or exceed BTC.
Can IOTA reach $10?
Yes, it is possible that IOTA could reach $ 10 but only in the distant future, after 2030.
Can IOTA reach $100?
No, our forecasting model sees no chance for IOTA to reach $100 in the short or medium term.
Is IOTA worth buying?
We are supporters of moderately risky investments: invest most of your cryptocurrency portfolio in BTC (50%); 35% in a basket of large-cap coins and the rest in small projects with huge increases. So, in this context, it is worth buying IOTA.
Is IOTA a good investment?
IOTA is, just like all other cryptocurrencies, a risky investment. It is more likely to go up than down because of the good use case, well-designed tokenomics, active community, and a strong team behind it.
How much will IOTA be worth?
For the short-term future, it could reach $0.1529. In the long term (8-10 years), it could jump to $1.61 or even higher.
Why will IOTA succeed and go up in price?
IOTA has a good use case, well-designed tokenomics, active community and a solid team behind it. All of these are a prerequisite for success and that’s why our forecasting model sees IOTA rise to $1.61 in 2030.
Why will IOTA go bankrupt and go down in price?
Cryptographic projects fail for various reasons. Some of the most common are: the team goes rogue and abandons the project, regulators declare it illegal and press exchanges to delist it, lack of media attention, more successful competitors, lack of a well-designed marketing strategy, loss of community support, potential vulnerability in the protocol, failure to achieve the minimum development activity foreseen on the protocol, inability to attract new developers to build on their platform.
How high will IOTA go?
Our prediction model sees the IOTA price explode and reach $3.22 in the distant future.
Can IOTA make you a millionaire?
Yes, if you buy a large enough sum. Don’t expect to invest $100 and become an IOTA millionaire. But 100x price explosions are a common sight in cryptocurrencies, so a $10k investment in IOTA could make you a millionaire.
IOTA (MIOTA) Future perspectives
As a result, more than 95% of successful ICOs and cryptocurrency projects will fail and their investors will lose money. The other 5% of the projects will become the new Apple, Google or Alibaba in the cryptocurrency sector. Will IOTA be among that 5%?
It most likely will.
The future of this world is data. And data is IOTA’s main focus. IOTA turns to IOT (Internet of Things). IOTA has even started the data market together with the partnership of Microsoft, Fujitsu, Bosch etc. You can check it out here – The IOTA Data Market.
IOTA now has not only many premium companies as official partners, but also two world-renowned influential experts (Dr. Richard Soley and Dr. Rolf Werner) as members of their supervisory board.
But not everything is read of roses with IOTA. The tangle and IOTA approach to DLT is absolutely cutting-edge and highly experimental.
The team is, at times, rather picky in their decisions, such as using a balanced ternarywhich is a number system that has 3 digits, -1, 0 and 1. Iota was made to be used with existing hardware, but all existing hardware is now completely binary. This means that all internal ternary notation of iotas must be encapsulated in binary, This will result in increased storage space and computational overhead. Iota cannot be successfully implemented in current hardware and even if it were it would cause a significant waste of storage and computing power.
Iota violates the best practices of cryptography, i.e. Don’t Roll Your Own Cryptoand this has led to many vulnerabilities in the system and a team led by Neha Narula has found many vulnerabilities in iota’s curl hash function and that of iota co-founder (Sergey Ivancheglo) claimed to have deliberately added the flaws in the hash curl function as “Copy Protection”. All this summary means one thing: IOTA may live through a couple of orchestrated pumps and, for a regular trader, completely unpredictable, but most of the time it will be murky side trading with a small volume and no significant interest from the market.