IOTA (MIOTA) is a decentralized open source ledger empowering digital economy through faster and feeless transactions. The platform is based on a Tangle algorithm which allows users to collaborate & grow the network ensuring scalability and security without any central driving force. The platform is not based on blockchain but instead uses DAG (Directed Acrylic Graph) technology to allow limitless transactions in a second. The distributed ledger technology allows the users to own their financial assets without any third party intervention completely and be involved in every step of the payment or transfer & decide its course. The increasing acceptance & adoption of the platform by many renowned business houses is a testament to its highly reliable backend and future roadmap. The founders namely David Sonstebo, Sergey Ivancheglo, Dominik Schiner & Serguei Popov aim to redefine the future of economy through IOTA.
Current Statistics
According to the CoinMarketCap, IOTA has secured a 16th position in the top 100 cryptocurrencies globally. The market cap of the coin stood at 729,489,852 USD, the price is trading at 0.26 USD & 0.00004981 BTC & 24h volume was 24,008,200 USD as on April 26, 2019 at 12:54:02 UTC. The ROI of the coin is -58.86% and the circulating supply is equivalent to the total and maximum supply which is 2,779,530,283 MIOTA.
Comparison
The downward trend of -13% has been seen in the past 25 days. As on March 30, 2019, at 05:34:01 UTC, the price of the coin was trading at 0.30USD & 0.00007525 BTC. The market cap was 858,795,517 USD & 24h volume was 11,555,243 USD. The price has reached as high as 0.38 USD in the past 30 days and 0.32 USD in the past 7 days. The lowest in the last 30 days has been around 0.25 USD, and a similar pattern was observed in the last 7 days as well.
Prediction
IOTA has been fairing well in the crypto market since quite some time. It won’t be wrong to say that the coin can reach over 5 USD in the next 2 years and 20 USD in the next 5 years owing to its increasing popularity and acceptance. The team has been continuously working towards enhancing the features of the platform and growing its community of followers by 2X on a month-on-month basis. One of the key reasons of its growth can be attributed to the fact that it’s not based on blockchain but explores other technologically advanced options to give the user a thorough & safe experience during multiple transactions. Many crypto enthusiasts have placed their bet on Tangle to compete with blockchain based platforms and yield better results. Only time will tell how it all pans out, but 2019 certainly looks better for this crypto.
