Key Takeaways
- IOTA remains a revolutionary project with real-world applications that get things done through its Tangle blockchain technology and the Internet of Things (IoT).
- Technical analysis and expert price prediction for IOTA heading into the bull run as price eyes new highs of $3.5.
- IOTA’s short-term price target for 2024 could be reclaiming its price above key support of $0.4, with a likely target of $1 in 2025.
| Token Name | IOTA |
| Current Price | $0.23 |
| Market Capitalization | $841M |
| Total Circulating Supply | 1.1B IOTA |
| Daily Support | $0.18 |
| Weekly Support | $0.18-$0.165 |
| Daily Resistance | $0.42 |
| Weekly Resistance | $0.42 and $1 |
| 30 Days Performance | 122% |
What is IOTA?
A German team developed IOTA to support the Internet of Things (IoT) revolution. It uses an innovative blockchain system called “tangle” to enhance communications, transactions, and payments between machines.
Considering the speed with which artificial intelligence is gaining global adoption, IOTA is and was ahead of its time when it was conceived. Part of IOTA’s unique features is that it is one of the few altcoins that cannot be mined, has no blocks, and has no chains. It comes with infinite scalability and very fast transaction times, giving it an advantage over the Bitcoin blockchain.
IOTA is one of the most revolutionary blockchain networks in the market. It aims to work with individuals, companies, and machines, and this could be done through the Internet of Things (IoT), which continues to grow worldwide.
We see that new devices are regularly interconnected and working together. This is due to the need for humans to continue expanding and reaching new advancement levels.
With the help of IOTA Tangle technology, blockchain nodes confirm transactions similarly to miners on Proof-of-Work (PoW) networks. However, IOTA is not a PoW network; this should remain clear.
The IOTA Foundation is pushing for new advancements in the IOTA network and its ecosystem. It is also responsible for contacting companies and sharing the benefits of using IOTA. Some of the firms working with IOTA include Bosch or Volkswagen.
The larger the number of firms working with IOTA, the easier it will be for the digital asset to continue moving higher in the future. However, IOTA price prediction is not easy to forecast. There are many things we should take into consideration before we know the limit for this digital asset.
Nonetheless, one thing is clear: IOTA is working to increase device utility. Additionally, the goal is to make devices more interconnected, increase their efficiency, and gather valuable data to produce better and more advanced solutions and products.
Technical Overview Of IOTA Price Prediction
Source – Technical Chart of IOTA Price Prediction From Cryptoeq
After experiencing a price decline for over 2 years, the price of IOTA saw some bullish price action, as indicated by on-chain data from Cryptoeq, as the price of IOTA rallied to a high of $0.6 but is faced with price rejection to $0.3 acting as strong support for bulls.
IOTA Price History And Performance
| Year | Opening Price ($) | Closing Price ($) | Annual Change (%) |
| 2017 | $0.16 | $3.3 | +2162% |
| 2018 | $3.3 | $0.37 | -85% |
| 2019 | $0.37 | $0.16 | -52% |
| 2020 | 0.16 | $0.3 | +90% |
| 2021 | $0.3 | $1.9 | +370% |
| 2023 | $1.9 | $0.25 | -92% |
| 2023 | $0.15 | $0.42 | +120% |
| 2024 | 0.13 | 0.22 | -25% |
IOTA has been held to the same whims as the rest of the crypto markets; a big swing up in 2017 and early 2018 from a region of $0.16 to a high of $3.3 hitting a major price mark of over 2,00% but the price was followed by a big fall heading into it bearish run.
The IOTA team continued to build and add partners and use cases, making IOTA a popular headline on our site and other sites. Many bullish technologists see IOTA’s tech as superior to others on the market.
Despite its unique technology, the price of IOTA suffered many price fluctuations but showed many promising signs in the bull run of 2021. However, it fell again to a low of $0.13 as it struggled to gain momentum. Towards the end of 2023, the price of IOTA gained much volume to a high of $0.4 but suffered a decline again.
Currently, IOTA is #110 on the crypto charts with a market cap of over $800 million. Its cryptocurrency is trading at $0.23 after a 122% change over the past 30 days.
Still, more time is needed for IOTA’s price to truly recover to its 2018 highs—where it started around $3.61. The partnerships need to merge, and the chain needs to showcase its ease and speed through millions of transactions.
IOTA Price Prediction For Hour, Today, Tomorrow, Next Week, And December 2024
Source – IOTA Hourly Price Chart From TradingView
In the hourly timeframe, the price of IOTA has demonstrated quite an incredible price action and come back as the price remained bullish, respecting the Exponential Moving Averages (50 and 200 EMAs).
Despite rallying to a high of $0.6, the price of IOTA retraced towards its key support zone of $0.3. Bulls would be looking to build more buy momentum around this region, as the 200-day red EMA would act as support for IOTA.
| Year | IOTA Price Prediction |
| December 2024 | $0.3 |
| January 2025 | 0.55 |
Technical Analysis and IOTA Price Prediction For 2024
Source – IOTA 1W Chart on TradingView
The IOTA price chart has gained much momentum in the last 30 days, hitting over 120% price increase, rising from a region of $0.14 to a high of $0.23. The price looks strong on higher timeframes, such as the daily and weekly timeframes.
IOTA’s price action currently shows that bulls are much in control of price. They could push the price of IOTA towards the high of $0.4, which will act as daily and weekly resistance ahead of the close of 2024.
If the price of IOTA closes above $0.4, it would be sitting above key support of the 50-day and 200-day EMAs (Exponential Moving Averages) marked in blue and red lines, respectively. The 50-day EMA is currently lagging behind the 200-day weekly timeframe.
If the 50-day blue EMA crosses over to the top of the 200-day red EMA, we could see a more bullish bias for bulls, and the price could be headed to $1.
IOTA Price Prediction For 2024 – 2026
| Year | Average Price | Lowest Price | Highest Price |
| 2024 | $0.27 | $0.14 | 0.4 |
| 2025 | $2.2 | $0.4 | $4 |
| 2026 | $2.75 | $2.5 | $3 |
| 2027 | 2.25 | $3 | $1.5 |
IOTA Price Prediction For 2024 – 2027
| Year | Average Price | Lowest Price | Highest Price |
| 2024 | $0.27 | $0.14 | $0.4 |
| 2025 | $2.2 | $0.4 | $4 |
| 2026 | $2.75 | $2.5 | $3 |
| 2027 | $2.25 | $3 | $1.5 |
IOTA Price Prediction For 2030
| Month | Average Price | Lowest Price | Highest Price |
| January | $1.85 | $1.5 | $2.2 |
| February | $1.1 | $1.2 | $1 |
| March | $1.1 | $1.3 | $0.9 |
| April | $1.25 | $0.8 | $1.7 |
| May | $1.75 | $1.5 | $2 |
| June | $2.3 | $2.1 | $2.5 |
| July | $2.35 | $2.2 | $2.5 |
| August | $1.45 | $1.6 | $1.3 |
| September | $1.3 | $1.2 | $1.4 |
| October | $2.7 | $2.4 | $3 |
| November | $2.4 | $2.8 | $2 |
| December | $1.6 | $1.4 | $1.8 |
How to Buy IOTA Token?
The easiest and fastest way to buy IOTA is by using a cryptocurrency exchange. These are platforms that enable crypto trading for investors located in specific jurisdictions. If you want to buy IOTA, the best thing you can do is buy it through your local exchange.
Some of the most popular platforms include Binance, Coinbase, Bittrex or KuCoin. However, if you have another exchange that offers IOTA trading pairs, then go ahead. You should always be careful with the platforms you use and where you deposit your money.
The best thing you can do is to use some of the largest exchanges around the world, which are secure, have been operating for several years and offer different services. For example, Binance is not only offering spot trading where you can buy IOTA but it is also offering futures trading.
At the same time, other platforms such as Coinbase make it easier for investors to stake their coins (not IOTA) and get rewards on them. Furthermore, most of the exchanges are also trying to offer other types of investments.
IOTA (MIOTA) Frequently Asked Questions (FAQs)
Does IOTA Have A Future?
IOTA remains a key project with real-world applications. Due to its adoption, it has recently experienced a significant price rally and will continue to gain more demand heading into the bull market.
Can IOTA Reach 100 Dollars?
While this is possible theoretically, it is impossible in the crypto space as it would require enormous adoption and huge market capitalization to achieve this feat.
How High Can MIOTA Go?
IOTA price prediction for the bull run could go as high as $1.5-$2, depending on market demand and adoption.
Why Is IOTA Falling?
Due to market exhaustion and Bitcoin’s falling price to $94k from a high of $104k, the price of IOTA was retraced, but overall, IOTA’s price prediction remains bullish.
