The increased buying will ultimately cause the IOTA’s coin price to go up. If investors see a slight improvement in the market conditions, they might start buying coins like IOTA. Changing market sentiments will influence the price of all the crypto coins.
The rise in the cryptocurrencies price is subject to the boom in the crypto market. However, experts believe that the cost can go as low as $0.35. If the market sees an upward trajectory, the coin’s value can go up to about $0.40. However, experts believe that the coin can bounce back and see an increase in the next couple of years.Īs per the technical analysis by multiple AI-powered tools, the IOTA’s average cost will stay around $0.38 by the last quarter of 2022. The IOTA coin has lost more than 50% of its value within the last three months. Investors are still skeptical about the crypto market since they still don’t know how long before the market recovers. It caused the IOTA’s coin price to drop below the $0.5 level. However, the coin’s value crashed soon after that due to the recent crypto sell-off. It saw a massive increase in its price from $0.432 in January to $1.428 by December 2021. Like other cryptocurrencies, IOTA’s coin enjoyed an increase in value in 2021. Regardless, analysts have high expectations that the coin will perform well in the coming years. The crypto bubble was much bigger than the dot-com bubble since it wiped out a significant portion of investors’ wealth. However, the coin crashed after the crypto bubble burst in 2018. It reached an all-time high value of $05.63 by the third week of December.
As a result, it caused IOTA’s price to increase by a significant amount. Many investors were looking to invest in various crypto coins after a surge in the price of Bitcoin. Though the coin was launched in 2016, it saw a huge spike in 2017 due to the crypto boom. Geely Global – Zhejiang Geely Holding Group Co., Ltd.XPeng – Guangzhou Xiaopeng Motors Technology Co Ltd.Best Blockchain Stocks to Buy Now in 2022.
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