IOTX is a token that powers IoTeX that connects Internet of Things devices such as webcams, geographic devices, etc. Ucam is the first home security camera powered by block blockchain.
IOTX Price Prediction: IOTX Use Cases
IoTeX is a blockchain that empowers IoT devices and helps them work more securely. IoTeX’s native token is IOTX, which serves various purposes. Let’s briefly discuss its use cases:
- It is used as a payment method and for staking.
- IOTX holders can participate in the governance of the IoTeX blockchain.
- IOTX tokens can be used as gas fees to perform smart contracts and transactions on the blockchain.
- Many services such as Travala, NoWPayments etc. accept IOTX coins for booking tickets and making payments.
IOTX Price Prediction: Is IOTX a good investment?
The current market price of IOTX as of November 16th 2022 is $0.024 and is down 2.45% over the last 24 hours. Its current market cap is $234,090,722 and it is ranked #108 according to coinmarketcap.
To conclude whether it is a good investment or not, let’s also briefly analyze the price movements of its considerable competitor: Chainlink.
LINK’s current market price is $6.33 and has decreased by almost 2% in 24 hours. Its one-month chart shows that the price is currently down more than 13% in a month, while IOTX is down about 12%. For comparison, Chainlink is more in metaverse and NFT, while, on the contrary, IOTX is more product-based, i.e. IoT.
The feature that distinguishes IOTX is that it is based on the concept of “Internet of Things” that makes everything connected with the Internet very easily. Because the concept of IoT will soon dominate the world and, therefore, IOTX can certainly grow with it.
Therefore, looking at its features and competitors (although it is not far ahead of its competitor), we can certainly say that IOTX is a good investment for the medium to long term.
Before we discuss IOTX price prediction for 2022 and 2025, we will discuss how IOTX performed in 2021 and 2022:
IOTX Price Forecast: Performance in 2021
On January 1, 2021, IOTX was trading at less than a penny. However, with the boom of the cryptocurrency market, IOTX gained a lot and by the end of 2021, the IOTX coin was trading at over $0.12.
IoT hit its all-time high of $0.2611 on November 13, 2021. Since then IOTX has decreased by more than 60%
IOTX Price Prediction: Performance in 2022
The IOTX coin has suffered a major collapse this year. IoTeX was trading at over $0.10 in the first week of January 2022, but with the cryptocurrency market becoming fragile, IOTX crashed. The massive collapse of IOTX caused the price of IOTX to fall below $0.10.
Currently, IOTX is marginally trading above $0.030.
IOTX Price Prediction 2022 and 2025: Some Facts
- Raukken Chai, Qevan Guo and Jing Sun founded IoTeX as an open source project around September 2017.
- On October 3, 2018 IoTeX joined the Trusted IoT Alliance, then merged into the Industrial Internet Consortium (IIC) which IoTeX joined as a member on January 25, 2022 Binance added IoTeX to its list of loanable assest.
- With a global team of more than 40 researchers and engineers, IoTeX built its own EVM-compatible blockchain from scratch using the innovative Roll-DPoS consensus and launched in April 2019, which was executed by 100+ delegates worldwide and has already processed over 10 million transactions.
IOTX Price Prediction 2023, 2025 and 2030
Although price forecasts are never accurate to the hundredth percent, proper research and analysis can predict a lot about price movement. Here, let’s try to predict the price movement of IOTX.
But, first, we must analyze its price history over different time durations:
IOTX’s 3-month chart shows that its price has fallen by more than 45% since August 2022, although the decline has not been consistent. Its market price three months ago was 0.035 and then peaked at $0.037 on November 5.
The price of IOTX a month ago was $0.027, which means it has decreased by almost 12.5% to reach a current value of $0.024. However, the decline is much smaller than its 3-month data. Note that the past movements of any token can predict a lot about its future trend. So let’s find out its price forecast for the coming years:
IOTX Price Prediction 2023
According to the price forecast, in 2023 the IOTX price is expected to exceed an average price level of $0.036, the value of the expected minimum price of IOTX by the end of the current year should be $0.035. IOTX can reach a maximum price level of $0.042.
IOTX Price Prediction 2025
According to the price forecast, in 2025 the IOTX price is expected to exceed an average price level of $0.073 the value of the expected minimum price of IOTX by the end of the current year should be $0.071. IOTX can reach a maximum price level of $0.089.
IOTX Price Prediction 2030
According to the price forecast, in 2030 the IOTX price is expected to exceed an average price level of $0.48, the value of the expected minimum price of IOTX by the end of the current year should be $0.47. IOTX can reach a maximum price level of $0.81.
How to buy IOTX or Where can I buy it?
Here are some general steps you should follow to buy IOTX coins:
- Find a crypto exchange that has IOTX listed.
- Create an account with Exchange.
- Verify your identity.
- Fund your portfolio.
- Make your purchase.
Most exchanges have their wallets built in, but if you’re looking for a safe and secure wallet to protect your asset, here is a list of the best crypto wallets for 2022.
Some of the platforms where you can buy XRP are: