IOTA: Forecast for the cryptocurrency

The IOTA has only been traded since mid-2017 and became the star of the crypto scene just months later. Because of this, many investors and interested parties are now trying their hand at predictions. Note that forecasts are not very reliable for such speculative financial products as cryptocurrencies.

According to experts, the forecasts for the IOTA are quite promising.

IOTA: Forecast under perfect conditions

The IOTA hovered in the range of 50 cents for the first months after its release. At the beginning of December 2017, the new currency really took off for the first time and multiplied its value to over 4 euros within a few days. But even currently, the IOTA price is on the rise again. Note that these are very speculative financial products. However, trends and upcoming developments can provide a direction.

• Unlike Bitcoin, IOTA is expected to be used very soon for a very specific purpose, namely as a means of payment between intelligent machines.
• According to industry experts, IOTA seems to meet all the requirements for this.
• The currency thus has a real added value. At the same time, the IOTA team has been working on many improvements in recent years: A new, much better wallet and numerous new providers. In addition, there are many other new areas of application.
• By the growing enthusiasm, the IOTA price rose to over 4 euros. However, the bubble then burst and the price fell to 50 cents by the end of 2018.
• In May 2019, the current level was 26 cents.
• In the meantime, the IOTA price has risen again a little and is at 44 cents in January 2021. Whether the price will rise again to its peak is unclear and depends on numerous factors.