In this post, I will be discussing the IOTX price prediction till 2026. Which are the factors that influence the coins price and market of IOTX? IOTX set to make major price gains in the next 5 years, analysts say.
About IOTX Coins
IOTX is the native cryptocurrency of the IoTeX network, a “decentralized network for the Internet of Things (IoT) powered by a privacy-centric blockchain,” according to its whitepaper.
IoTeX, which began as an open-source project in 2017, has created a decentralized platform with the aim of empowering the open economics for machines. This open ecosystem enables interactions between people and machines with the assurance of trust, freedom of choice, and properly constructed economic incentives.
IOTX built their EVM-compatible blockchain from the ground up using the ground-breaking Roll-DPoS consensus and launched in April 2019, which has been running by more than 100 delegates globally and has already processed more than 10 million transactions. IoTeX has a global team of over 40 research scientists and engineers.
The team has created the fundamental building blocks of infrastructures to link with the IoTeX, BSC, and Heco blockchains. IoTeX enables EVM-based DApps to scale without having to worry about high gas prices!
On top of the IoTeX blockchain, middleware such as Decentralized Identity, Confidential Computing, and Secure Hardware has been developed to support autonomous devices like Ucam and physical oracles like Pebble.
What’s The Point Of IoTeX?
IOTX’s goal is to make it possible for machines to communicate with other network users, basically developing a “machine economy” for the Internet of Things (IoT). This means that IoT-connected devices, like smart houses and cars, might communicate with one another and automate tasks like paying utility bills.
Some of IoTeX’s benefits include:
- Instead of a DAG, as is employed by its largest rival IOTA, delegates proof-of-stake.
- Concentrate on human-to-human communication rather than merely machine-to-machine.
- Decentralizing the IoT is the key to preventing data mining and protecting user privacy and security.
- Use sidechains and cross chains, including Ethereum and the Binance Smart Chain.
- Aims to create a network of blockchains where one is in charge of security and governance and all other blockchains operate on top of it.
IOTX Price Prediction Technical Analysis
On February 14, 2018, an ICO (initial coin offering) offered the IOTX token to investors for the first time at a cost of $0.01 per coin. On May 26, 2018, CoinMarketCap began monitoring the price of $0.0294. (three days after coins were issued).
IOTX began trading in 2021 at $0.006634, hit an all-time high of $0.2611 on November 13th, and finished the year at $0.1217. The all-time low of IoTeX is $0.001239, which was attained on March 13th of this year, and the 52-week low is $0.01289.
IOTX as of Today (25 August 2022).
The live IoTeX price today is $0.032988 USD with a 24-hour trading volume of $1,80,04,332 USD. IoTeX is up 5.62% in the last 24 hours. The current ranking is #107, with a live market cap of $31,47,32,470 USD. It has a circulating supply of 9,54,07,79,324 IOTX coins and a max. supply of 10,00,00,00,000 IOTX coins.
If you would like to know where to buy IoTeX at the current rate, the top cryptocurrency exchanges for trading in IoTeX stock are currently Binance, Bybit, Coinbase, Huobi Global, CoinDCX, and Kucoin.
Factor influencing IOTX Price Prediction
Our IOTX price prediction till 2026 is highly influenced by various factors.
Bitcoin plays a key role in IOTX Price Prediction. IoTeX’s partnerships with NOWPayments and Travala hugely impacted the price of the crypto.
Future collaborations with organizations that are comparable to yours could result in bigger price peaks. Be on the lookout for collaboration announcements in the media and on Twitter.
IOTX Price Prediction For 2022
As per our IOTX price prediction, there will be more need for IoTeX as the number of IoT devices is expected to approach 50 billion in 2022. By the middle of 2022, our IoTeX price projection indicates that IOTX will surpass $0.20. The top and low estimates for 2022 are $0.24 and $0.054, respectively. For the end of 2022, the typical IoTeX price forecast is $0.12.
IOTX Price Prediction For 2023
The IoTeX development team will start constructing “Trusted Economies” in 2023, in which intelligent robots will function as active market participants. Our IoTeX pricing forecast assumes a starting price of $0.11 and a year-end average price of $0.48. In 2023, IoTeX will have a maximum value of $0.71 and a minimum value of $0.14.
IOTX Price Prediction For 2024
IoTeX’s 2024 halvening will mark the beginning of the next bull run because the price of Bitcoin is one of the key variables that can affect it. According to our IOTX price Prediction, IoTeX will average $0.60 by the end of 2024 after rising as high as $0.93. IoTeX’s predicted price at its lowest point is $0.34.
IOTX Price Prediction For 2025
More businesses will start using IoTeX as a safe way to run the IoT by 2025. According to the IoTeX pricing projection for 2025, prices will range from $0.45 at the low end to $1.26 at the high. The price of IoTeX will reach $0.96 by the end of 2025. The anticipated median is 198.73% more than IOTX’s record high set in 2021.
IOTX Price Prediction For 2026
In 2026, as the use of smart machines increases, they will need a service like IoTeX to communicate, expanding the machine economy. The IoTeX price forecast has a maximum aim of $1.66 and a minimum target of $0.91 for 2026. The predicted range for the average at the year’s conclusion is $1.00 to $1.10.
The analysis mentioned above makes it evident that IoTeX (IOTX) projections are rather incoherent. Regarding potential increases or decreases in the price of IOTX, there is no general agreement.
Indeed, a variety of elements, including announcements, new IoTeX project technology advancements, the overall crypto environment, legal status, and others, will influence the potential growth in the future. We would like to gently remind you to conduct your own research before making any bitcoin investments (DYOR).
Is the IoTeX coin a good investment?
Based on the data, it can be predicted that it is Profitable to invest in IOTX for the long term. As the Internet of Things is going to flourish, it is a good investment.
What are the real-life use cases of IoTeX?
IoTeX platform supports a number of projects working towards IoT (Internet of Things). Some of the notable projects employing the platform are Ucam, and Pebble Tracker.
Disclaimer: This piece should not be interpreted as providing trading advice. The Crypto market experiences frequent irrational fluctuations and severe volatility. Before making an investment, any investor should consider many points of view and become knowledgeable about the local laws.