IoTeX (IOTX) Coin Price Prediction – 2023, 2025, 2030

IoTeX (IOTX) Overview

IoTeX (IOTX) Introduction

IoTeX (IOTX) like many crypto projects that held so much promise in the past experienced a downtrend in June 2022. As technology evolves in recent times, the need to create an intersection between the digital world and the physical world increases. However, due to the very versatile nature of technology and the internet, competition in this particular sector increases. The battle becomes who can present and market better in most cases than which project can be more efficient.

That’s why many believe that IOTX’s successes are just hype and that their use case is not as versatile and well Integrated into the world they’re trying to represent.

We have gone through all the indications that might prove these assertions true or false. Is IOTX as futuristic as they present to us, or is it not going to survive in the long run? Is it a good investment for the long term? How tangible is their future roadmap and what are the price forecasts for the token?

What is IoTeX (IOTX) – The Coin For The Machine Economy?

IoTeX is the privacy-centric and decentralized blockchain network that’s pushing the narrative of individual data control and democratization, device automation, and integration of the digital network, metaverse, and the physical world. They’re building a system that allows the interaction of machines and market participants while developing easier and faster methods for privacy preservation and front-running the advent of blockchain 3.0.

IOTX (Internet Of Things) is the native token of the IoTeX network that was created on the idea of data security and control. One of the many issues of the internet is that tracking of information is rampant, which many individuals consider to be a breach of their privacy and control. IOTX is set to serve as a platform that provides the users a control over the inflow and outflow of data from their devices. This signifies that they’re allowed to control what happens to their personal information while capitalizing on it.

The team behind the creation of this technology is highly skilled and versatile in machine and intelligent learning, distributed systems, device automation, and engineering. It was founded by Raullen Chai, Qevan Guo, Xinxin Fan, and Jing Sun. This is to prove that although the mechanisms of the token operation are complex, the Roll Delegated Proof-of-Stake (DPoS) consensus mechanism used by tokens like IOTA, VET, HNT, etc; that the team is experienced to handle the protocol.

Presently, the top cryptocurrency exchanges for IOTX are Binance, Upbit, Xtheta Global, Lbank, Huobi Global, Kucoin, HBTC, and Mexc.

IoTex (IOTX) Mechanism Of Operation

To understand the potential of IOTX, one has to know its mode of operation and model structure. However, from most indications, IOTX appears to be a token that’s heavily influenced fundamentally due to all the activities played by its leading team to keep up the momentum in the project. The IOTX token is built on a deflationary model which means that the supply of IOTX will decrease over time as more devices and more devices enter the network. This means the value of IOTX continually increases as long as the demand for it remains consistent. Also “burn drops’ ‘ are sent to IOTX stakes as more participants join the ecosystem.

The first burn drop was on the 3rd of November 2021, this activity led to a huge pump in the price level of IOTX which spiked more than 100% in a day. The value of the coin rose from $0.07817 to about $0.1650 that very day. This was the largest pump in the ecosystem since its inception in 2018. However, after the price peak at that level, the price spiraled downwards, losing about 50% in the coming months and by February 2022, IOTX was below its initial price level before the spike.

This is to prove that the dynamics of IOTX function over time are deeply dependent on on-chain activities and events, and further shows that IOTX might be a heavily manipulated token. But technical analysis is still considered in the IOTX coin prediction to help put you in a long-term perspective.

IoTex (IOTX) Fundamental Analysis

Over the years, IOTX has made many partnerships and announcements which spiked the value of the token. Some of these events are;

• IoTex (IOTX) raised a $100m fund for ecosystem development, announced a new NFT, and released a new mainnet on March 21st, 2021.
• The wallet today 2.0, a block of infrastructure created to connect with Ethereum, BSC, and Heco blockchains, went multichain. On March 31st, 2021, the price level increased by 53% at these announcements.
• On November 1st, 2021, IoTex announced the Pebble Tracker device, an advanced device that acts as GPS backed by a decentralized network which is the IoTex network, had completed final testing and was ready for launching. This device is said to be sensitive to weather and climate changes like humidity level, temperature, vehicle acceleration, etc.
• IoTex partnered with Chainlink (LINK), a crypto ecosystem that makes use of real-world data while providing on-chain solutions, for a blockchain discussion focused on web privacy and the possibility of collaboration on November 3rd, 2021.

The IoTex team said in a press release when explaining the aspect of their partnership that

the combination of Chainlink’s historical data and IoTeX’s live real-world data makes for a powerful match for individual users and enterprises alike

The partnership between these two protocols is going to be revolutionary because it’ll allow the integration between real-world data and information tracking thereby presenting more practical use cases of dApps and IoT devices.

• IoTeX announced a project called MachineFi, created to power devices and computers while making them self-sovereign. The IoTeX ecosystem incentivizes the users that strive to keep it operational and highly secure. It’s an innovative protocol created on the 5th of November, 2021.
• Binance added IOTX as a borrowable asset meaning that users are allowed to get an IOTX loan while giving their crypto as collateral without charges.
• On the 2nd of February, 2022, Ankr, a Defi platform partnered with IoTeX to implement the use of machines in the development of a global network of web nodes. This move is to ensure the faster and easier function of MachineFi. This partnership will enable an extensive network as ANKR tokens i.e. incentives would be provided to IoTeX node operators who add their nodes to Ankr’s new publicly available Remote Procedure Call (RPC).
• On 17 February 2022, IoTeX introduced Meta-Pebble, a device that serves as a connection to IoTeX’s MachineFi portal through which its users can have access to an array of decentralized applications (dApps) that will incentivize them to grant access to the data that they generate from day to day activities like hiking, walking, eating out, etc.
• They’re looking to introduce the full launch of web 3.0 as they propose a connection between machines and IoTeX 2.0 that’ll propel them towards more decentralization.
• They have also partnered with many other organizations like Swash, the data union; Treasureland, a cross-chain NFT platform, and a unified API, Covalent.

All these partnerships have acted as an impact on the prices of IOTX for many periods and even propelled them to all-time highs.

After successful fundraising, Pebble Tracker is being sent out to hackers while the second round is prepared for shipment. This is expected to drive up the demand for IoTeX as more devices are connected to the network. The burn drops would possibly increase and lead to surges in price.

Applications Of IOTX

• IOTX ensures the safety and security of individual data while providing a means for them to gain by selling to big firms, third parties, and companies.
• It also serves as a humidity, and pressure sensor.
• It acts as a portal between the web as it bridges the real and the digital world.
• It acts as cross-chains between protocols like Ethereum and the Binance Smart Chain, and sidechains.

IoTeX (IOTX) Historic Price

The IOTX token was launched through an ICO (Initial Coin Offering) on the 14th of February 2018 for $0.01 per coin to investors. By the beginning of 2021, IOTX was trading at $0.006634, before rallying to an high of $0.2611 in November 2021 and closing the year at $0.1217.

IoTeX (IOTX) Current Price

IoTeX is currently worth $0.052802 USD. IOTX has moved 4.12% in the last 24 hours with a trading volume of $17,209,922. IoTeX is currently ranked 133 amongst all cryptocurrencies with a market capitalization of $498,521,667 USD.

Utilizing the relative strength index (RSI), moving weighted average (MWA), williams fractal (fractal) and moving average convergence divergence (MACD) from the chart above, we can determine price patterns for IoTeX (IOTX) to decide wether it is going to have a bullish or bearish year.

IoTeX (IOTX) Price Predictions

Our price prediction forecasts use real-time IoTeX (IOTX) market data and all data is updated live on our website. This allows us to provide dynamic price predictions based on current market activity.

IoTeX (IOTX) Price Prediction 2023

IoTeX, according to some, is one of the most amazing cryptocurrencies to rise this year (IOTX). The IOTX price forecast for 2023 anticipates a significant increase in the year’s second half, possibly reaching $0.079203.

As with other cryptocurrencies, the rise will be gradual, but no considerable drops are expected. Averaging $0.073922 in price is quite ambitious, but it is feasible in the near future given anticipated collaborations and advancements. IOTX is expected to have a minimum value of $0.063362.

IoTeX (IOTX) Price Prediction 2024

In 2024, IoTeX IOTX price prediction has much room for expansion. As a result of the potential announcements of numerous new partnerships and initiatives, we anticipate that the price of IOTX will soon surpass $0.132004. However, we should wait to see if the IOTX’s relative strength index comes out of the oversold zone before placing any bullish bets.

Considering the market volatility, IOTX will trade with a minimum trading price of $0.105604 and an average trading price of $0.116164.

IoTeX (IOTX) Price Prediction 2025

If the upward trend continues until 2025, it could reach $0.184806 and IOTX may profit. If the market experiences a decline, the goal may not be met. IOTX is expected to trade at an average price of $0.168966 and a low of $0.158405 in 2025.

IoTeX (IOTX) Price Prediction 2026

If IoTeX successfully boosts market sentiment among cryptocurrency enthusiasts, the IOTX coin price could remain stable for the next five years.

According to our projections, IOTX will be green in 2026. The IOTX is expected to reach and surpass its all-time high in 2026. In 2026, the virtual currency will be worth $0.237608, with a minimum price of $0.211207 and an average price of $0.221767.

IoTeX (IOTX) Price Prediction 2027

After some extensive forecasting and technical analysis, we estimate the IOTX price is expected to cross an average price level of $0.274569 by 2027, with a minimum price of $0.264009 expected before the end of the year. Furthermore, IOTX has a maximum price value of $0.29041.

IoTeX (IOTX) Price Prediction 2028

Due to the future partnerships that are expected to happen by 2028, we are expecting that a bullish trend will continue, bringing the average price to around $0.327371. If IOTX manages to break the resistant level in 2028, we could see a maximum price of $0.343212, failing to gather the support IOTX needs by 2028 could result in a low of $0.316811.

IoTeX (IOTX) Price Prediction 2029

While IOTX is striving towards interoperability between networks to hasten interaction, the bullish trend from the previous year is expected to continue. So the minimum trade price has been placed at $0.369612 and a yearly price close above $0.396013 in 2029.

IoTeX (IOTX) Price Prediction 2030

By 2030, IoTeX will finally surpass its previous ATH values and record new price levels. The minimum price could be $0.422414 and potentially reach a maximum price value of $0.448815, averaging out at $0.432975.

IoTeX (IOTX) Price Prediction 2031

The cryptocurrency market is known to be highly volatile which is one of the many reasons why price forecasting is a difficult task. BitcoinWisdom tries our best to forecast future price points with precision, however all predictions should not be taken as financial advice and you should DYOR (do your own research). In 2031, we are expecting cryptocurrency to have gained adoption across many sectors. As such, the maximum IOTX price in 2031 is projected to be $0.517457 in the event of a bull run, with an average price level of $0.496337.

Premium IoTeX (IOTX) Price Predictions

Create your account below to receive exclusive access to a wide range of trading tools such as premium IoTeX price predictions, advanced IOTX buy/sell signals and much more.

FAQ

Latest Predictions