IOTA (MIOTA) Price Prediction 2022-2024, 2030

What You Need to Know About Price Prediction for IOTA Coin?

With an innovative solution for IoT and partnerships with Volkswagen, Fujitsu, and Microsoft Azure, IOTA is considered a step forward among DEXes. Let’s find out why: with data and expert reports and insights into the future of IOTA (MIOTA).

General Overview of IOTA (MIOTA)

Founded in 2015, IOTA (Internet of Things Application)’s core innovation is its efficient system for ledger distribution and decentralization that rivals blockchain.

What is an IOTA Coin?

In an attempt to solve some of the problems plaguing the crypto world, IOTA was born. Their architecture is called Tangle. IOTA is open source, and it targets IoT companies and startups, as their network is the perfect transport layer for them. But first, let’s make an important distinction.

IOTA and MIOTA: Is There Any Difference?

For clarity, IOTA is an innovative extension of the blockchain ecosystem, another kind of distributed ledger. MIOTA is its unit of cryptocurrency that records which records transactions on its network. If after this article you decide to invest in IOTA, MIOTA coins are what you will need to purchase or exchange (f.i., here, along with TT to TRX).

Features of IOTA

No transaction fees. Two previous transactions are verified by the user — if they want to conduct their own transaction. That means, no traditional mining — and, therefore, no transaction fees.

Scalability. When every new transaction confirms the last two transactions, IOTA grows and scales as more users join in. The more people use the network, the less time it takes to approve transactions.

True Decentralization. Users are both contributors and validators in IOTA, as opposed to blockchain systems where transactions are validated by miners (a specific segment of users.)

IOTA vs Blockchain

Let’s dive into the difference a bit deeper.

Transaction and gas fees on many blockchain networks are often frankly obscene, mining eats up the energy reserves that are equal to that of some countries. There’s no space for micro-transactions or minute payments in this situation as well, which means only really rich companies and their consumers can make use of them. Blockchain requires lots of storage, energy, money, and its transactions are often superslow. There have been solutions to solve all of it, of course. IOTA is one of the most promising ones.

Now, blockchain uses a one-way Decentralized Acyclic Graph (DAG): blocks are built in a linear sequence, one after the other. IOTA’s Tangle is another kind of DAG. Any transaction, conducted on IOTA, references two random transactions it has validated. Operations can be asynchronous and parallel. There are no blocks, no need for high computational power, and no need to wait for ‘consensus’ in a traditional blockchain meaning. The latter is useful to increase the reputation of a transaction, but not essential. That means, the Tangle is more lightweight, quick, scalable, and affordable than a traditional blockchain network. There are no fees. There’s an option to conduct micro-transactions. It doesn’t require as much energy or storage as blockchain.

Past Prices of IOTA (MIOTA)

So far 2017 has been its best year. IOTA reached $5.25 on the 19th of December 2017. It went down after the University and MIT revealed a cryptographic vulnerability in a patch of IOTA’s code. In 2018 it plummeted to $0.20 per coin — that’s over a 90% decrease from its all-time high. MIOTA price began growing again in 2019 with a high of $0.50 per coin. This did not last as later that year it set a new low at $0.14.

MIOTA’s price at the time of writing this article was $1.33 with a 24-hour trading volume of $45,740,279. It’s important to understand these volatilities don’t take away IOTA’s immense potential for success — also, remember that MIOTA doesn’t run on classical blockchain and, of course, the cost of governing Tangle is low. 

IOTA (MIOTA) Price Prediction 2022-2024, 2030

Forecast for Future Prices of IOTA

Regardless of its past trends, iota coin price prediction seems promising.

2022 Price Prediction

MIOTA might not see its biggest growth but predictions are still subject to miscalculations. “MIOTA is predicted to reach a low of $1.96 in 2022. MIOTA can reach a high of $2.37 with an average price of $2.03 throughout 2022,” according to Price Prediction.

2023-2024 Price Prediction

The potential for a new high in 2023 is likely. Sources reveal IOTA will reach its best price in July of 2023 “Starting at 3.00 Dollars. Maximum price of $3.72, a minimum price of $3.00. The average for the month is $3.30. MIOTA is predicted to reach a price at the end of the month $3.48, change for July 16.0%,” writes Long Forecasts.

2030 Price Prediction

Within the next decade, experts predict a considerable increase in the price of MIOTA. PP reports, “In 10 years MIOTA is expected to exceed an average price of $38.84, the expected minimum price value of IOTA by the end of 2030 should be $37.75. MIOTA also can reach a maximum price level of $45.97.” 

Is IOTA (MIOTA) A Good Investment For You?

IOTA’s versatility and adaptability within its numerous partnerships showed it’s effective & secure. Its promise of scalability and affordability is significant, too. So, yes: IOTA is a good investment.