0
📚 WikiCoin
11838 views

IOTA Price Analysis 2018\20\25- How Much Might the Cost of IOTA be?

  • Vera Yurina
    📚 WikiCoin

    A different side to cryptocurrencies, how much will IOTA coin cost in 2018/20/25?

IOTA Price Analysis 2018\20\25- How Much Might the Cost of IOTA be?
Cover image via www.123rf.com

Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of U.Today. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.

In 2017, we witnessed the rise of many cryptocurrencies, and IOTA was among them. Today, it’s called one of the most perspective currencies on the market and is claimed to be highly effective for certain purposes. What makes IOTA special, and should you invest in it? Let’s find out and read IOTA coin price prediction for the current and following years.

What is IOTA?

In fact, this cryptocurrency was created as far ago as in 2015: it’s designed for the Internet of Things (IoT), i.e. smart devices with a connection to the Ethernet, such as smart home systems, Google Assistant, Amazon Echo, and so on. In layman’s terms, IoT devices can communicate with each other thanks to Internet connection and sensors. The role of the IOTA coin is to make it more secure and flawless.

If you compare IOTA with other popular altcoins, you can discover it has a lot of peculiarities:

  • While the vast majority of cryptocurrencies are based on traditional Blockchain technology, IOTA uses an innovative protocol ‘Tangle’.

  • While Ethereum and Bitcoin are not much scalable because of low transaction speeds, IOTA performs way more transactions per second.

  • In comparison with many other altcoins, IOTA has zero transaction cost.

In order to understand the differences better, check this table:

 

IOTA

Bitcoin

Ethereum

Market Cap

$2,757,027,206

$109,410,324,226

$45,259,827,334

Growth Rate

1003%

103%

16%

Current supply

2,779,530,283 MIOTA

17,151,400 BTC

100,719,296 ETH

Independent from mining

Yes

No

N0

Due to its unique features, IOTA price prediction is positive, and a lot of investors stake on it. Today, it’s the ninth coin in the top 10 world cryptocurrencies.

Was IOTA price prediction 2017 justified?

IOTA was one of a few coins that have undergone a huge growth in 2017: throughout the history of its existence, the currency raised by 12,300 percent! Even those who made realistic IOTA coin prediction in 2017 were fascinated by its sudden growth in the second half of the year. Until July 2017, it didn’t pass the threshold of $0.5. However, things were kicked off in August, when the coin’s cost reached $1 and exploded to $4.5 by December 2017.

IOTA price prediction 2018

Unfortunately, IOTA shared the same destiny with other altcoins– its price rapidly surged within January-March 2018 period, and it got back to the current cost of around $1. Although until recently, the fluctuations weren’t significant, IOTA 2018 prediction is optimistic: according to technical analysis that’s based on historical price trends and price fluctuations, IOTA can grow up to $1.7 within a year (that’s what WalletInvestor.com forecasts).

According to some other sources, IOTA coin price prediction 2018 is even better: smartereum.com mentions such number as $11, but that seems to be far from reality considering the fact that IOTA still has a long way to go to achieve technological superiority.

According to IOTA prediction 2018 from profitconfidential.com, IOTA price can reach $4.98. Its specialists are sure that the combination of IoT and cryptocurrency can get this platform to the top.

While IOTA 2018 price prediction based on technical analysis is too good to be true, experts have a completely different opinion. Vitalik Buterin, John McAfee, and some other experts claim that IOTA growth will be too slow, so it’s not worth investments. Some say that the cryptocurrency will not even double in price– it’s expected to reach maximum $1.3-1.5 by the end of 2018.

IOTA price prediction 2020

When it comes to predictions for longer terms, it’s hard to say exact numbers. However, the opinions differ. According to longforecast.com, IOTA prediction is pessimistic: its price will only fall and stay at the level of $0.4-0.5 during 2019, and by 2020, it will be $0,4. During 2020, it may rise back to $1.

At the same time, other sources provide us with more positive information. IOTA is expected to become a preferable platform for machine-to-machine transactions thanks to zero transaction fee. It’s the main reason why most Blockchain users can switch to IOTA, which, in its turn, will make the market cap rise.

IOTA price prediction 2025

Of course, making IOTA long-term prediction would be a speculation– who knows what may happen to cryptocurrencies within seven years. However, some say that it’s possible for IOTA to reach the value of $38 within five years. Google’s forecast for 2025 is $47, while Internet users are more skeptical: they suppose it can only reach the threshold of $22.

What IOTA team should do now is expanding the circle of investors and partners, and they are taking the steps in this direction. The company has established partnership with Cisco, Samsung and Volkswagen, and Bosch.

What can influence the predictions?

IOTA’s growth can depend on a huge variety of factors. Its key advantages are:

  1. A broad spectrum of use cases (from online payments to public transport)

  2. Scalability. IOTA ensures high transaction speed and absence of fees.

  3. Limited supply. All IOTA coins are already circulating, which should have a positive effect on demand and supply ratio.

  4. A huge growth potential. IoT sphere is expected to be worth $267 bln by 2020, and if the team manages to provide a sustainable alternative to Blockchain for IoT, they can conquer the market.

At the same time, there are a few factors that may hinder the growth of the currency. For example, this technology is still being developed, so only time can show whether Tangle system can be widely adopted.

Besides, MIOTA should be made more available: it’s present only on a few cryptocurrency exchanges, so the currency’s credibility should be boosted. And, of course, when it comes to price prediction, IOTA, just like any other currency, will depend on the public opinion– the creators need to ensure total security of their platform to boost trust and attract investors.

Subscribe to the official U.Today Telegram channel. Get news first!

About the author

Crypto writer, blockchain geek & Bitcoin holder with a strong belief in the power of cryptocurrency. Veronika combines in-depth analytical approach with creative writing to deliver the texts that both inform and entertain. With hundreds of reviews, SEO articles and marketing texts under the belt, she has experience of working for blockchain Medium channels, Cryptodiffer site and ICOs. Part of U.Today team since 2018, she focuses on crypto price predictions and monitors the market to provide the most relevant info & opinions.

👓 Recommended articles
0
📰 News
2404 views

Bitcoin in Danger as New Research Shows Google Has Achieved Breakthrough in Quantum Computing

  • Alex Dovbnya
    📰 News

    Google's quantum computer is still too primitive to pose a threat for Bitcoin's cryptography, but things could escalate quickly

Bitcoin in Danger as New Research Shows Google Has Achieved Breakthrough in Quantum Computing
Cover image via www.123rf.com

According to a new research paper published in science journal Nature, Google's quantum computer is able to perform calculations in just three minutes. To put this into perspective, it would take the fastest supercomputer about 10,000 years to perform the same operation, which signifies a major tech milestone for the search behemoth. 

👉MUST READ

Close to Heresy: Mike Novogratz Shreds Binance CEO, Vitalik Buterin Joins the Fray

Close to Heresy: Mike Novogratz Shreds Binance CEO, Vitalik Buterin Joins the Fray

Google achieves "quantum supremacy"

Back in September, the Financial Times reported that Google has managed to achieve "quantum supremacy," which means that its beast is able to perform calculations that would be impossible to pull off with any other computer. 

However, technology is still way too fragile for commercialization, which is unlikely to happen anytime soon. There is hardly any practical application for quantum computers, but they do have great potential for disrupting a lot of industries, such as finance and transportation.   

Considering that the Trump administration has funneled a whopping $1.2 bln into the development of quantum computing, it might stop being just a buzz word. 

👉MUST READ

It Would Take Several Seconds to Hack Every Cryptocurrency in the Nearest Future

It Would Take Several Seconds to Hack Every Cryptocurrency in the Nearest Future

Will Google's quantum success affect Bitcoin

There is also one notable application for quantum computing -- hacking Bitcoin. The headlines about Google's super-powerful juggernaut has made many wonder whether Bitcoin, whose value derives from the immutability of its Blockchain, is in danger. 

However, ex-Bitcoin Core developer Peter Todd reassured the confused crypto crowd that Google was nowhere near breaking the top coin's cryptography. On top of that, it's not even clear whether quantum computers could potentially be scalable enough for commercial use. 

Bitcoin evangelist Andreas Antonopoulos also opined that Google's quantum breakthrough would have no impact on the orange coin. 

Only the most important posts per day. Infographics, analytics, reviews & summaries. Join our Telegram channel!

About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with an extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets.

👓 Recommended articles

This site uses cookies for different purposes. Please set your preferences in Cookie Settings and visit our Cookie policy for more information on how and why cookies are used on this site. Click here for cookie policy

Cookie settings