IoTeX Price Prediction 2022: Will IOTX Price Skyrocket To $1?

I

The vigorous evolution across the crypto space has triggered several distinct altcoin projects. Now, IoTeX has come up with a unique idea to empower billions of devices and dApps across the digital and real world. The young project looks optimistic about offering unique features.

IoTeX’s (IOTX) price has seen phenomenal growth with swift volatility throughout the past. The platform acts as grit for machine economics that serves the functionality of machines ranging from smart devices to autonomous motor vehicles. 

Are you keen on investing in IOTX, but obscure of its returns? Look no further, as we decode the feasible price prediction of the digital asset for 2022 and the years to come!

Overview

Cryptocurrency.IoTeX.
Token.IOTX.
Price.$0.1266.
Market Cap.$1,207,392,177
Trading Volume.$99,681,508
Circulating Supply.9.54B IOTX.
All-time high.$0.2611 on November 10th, 2021.
All-time low.$0.001633, March 18th, 2020.

IoTeX (IOTX) Price Prediction For 2022

Potential LowAverage PricePotential High
$0.2180$0.2623$0.2841

The IoTeX’s price had commenced the year 2022, on a bearish note, with a price tag of $0.148. As the bears haunted the rally, the price took a plunge took a plunge to $0.0734, by the 22nd of January. While the price of IOTX did portray a comeback that pushed the price to $0.1725, by the 9th of February.

cryptocurrency-Iotex
cryptocurrency-Iotex

Torments in the business resulting from anxiety around FED’s rate hike and the tussle between Russia and Ukraine. Dragged the price down to $0.1152, by the 15th of February. Following a short-term spike to $0.149, the price slid down to its support levels at $0.0926. Thereafter, ranging sideways, the trade for the quarter was closed at $0.1238

IoTeX’s (IOTX) Price Prediction For Q2 

Rising above the current levels at $0.072, the digital asset will need to establish grounds at $0.11624. As it could push the digital asset to its potential high of $0.1473. On the flip side, if bears outweigh the bulls, the price could slip down to $0.1096. That said, an equilibrium in buying and selling pressures could settle the price at $0.1353.

IOTX Forecast For Q3

 The protocol could script its name at higher levels in the industry. Provided it joins hands with bigger names in the industry and sees growing adoption. With its hold on the machine to machine interactions and intelligent machines as market participants. It could seek impetus from the newer investor, who could help propel the price to $0.2156

While a linear price projection with the absence of any catalytic factors could land the price at $0.1746. That said, the network failing to stand true to its expectations could lead to a free-fall of $0.1560.

IOTX Prediction For Q4

Announcements of developmental initiatives and community building initiatives could supplement the optimistic social volumes. Which could collectively, push the price to its new ATH of $0.2841. While negative criticism and sell-offs could clutch the price down to $0.2180. Factoring in the bullish and bearish targets, the average price could settle at $0.2623.

IoTeX’s Price Forecast For 2023 

If IoTeX price flows with a tide of potential alt season. The price would end up trading at a maximum of $0.4833. With average buying and selling pressures, the price would reach $0.4026. On the contrary, the price would plummet to a minimum of $0.3013 in case of an extremely bearish scenario. 

Price Prediction For The Next 5 Years

 Internet Of Things (IoT) could disrupt the wholesome technology in the coming years. With its hopeful events in line, the future seems to be optimistic for IoTeX. As new landmarks are awaited on its way. If the network successfully accomplishes the planned integrations. Then the price may clinch a high of $1.005 by the end of the next five years.

If the platform fails to gain the traction of the user base and fails to execute the events as per the schedule. Then it may easily get defeated by its competitors. In such a case the price may drop to a minimum of $0.5241.

YearPotential LowPotential High
2023$0.3013$0.4833
Next 5 Years$0.5241$1.005

What Does The Market Say?

Wallet Investor:

According to the Wallet Investor’s forecast, IoTeX’s price might rule the Metaspace and may hit a maximum of $0.152. That said, the minimum and average price by the end of 2022, could fall to $0.1084 and $0.130. The analysts from the firm anticipate the price to smash a maximum of $0.233, by the end of 2023. And it’s potential high of $0.415, by the end of 2025. 

Gov.Capital:

Gov. capital has revised its prediction for the IoTeX price, it expects the tokens to hit a maximum of $0.1449. On the contrary, trend reversals in the market would plummet the price to $0.1071. And with average buy and sell pressures it would end up trading at $0.126 by 2022. 

The website has also made predictions for the long term. It expects the price to surge to a maximum of $0.5359, by the end of 2025. The analysts foresee the possibility of the average and minimum trade values falling to $0.466 and $0.3961 respectively. 

Digital Coin Price:

As per Digital Coin Price, the IOTX price is forecasted to hit a maximum of $0.10 by 2022. The maximum predictions for 2023 and 2025 are at $0.12 and $0.15 respectively.

What is IoTeX (IOTX)?

 IoTeX has developed a decentralized network whose core goal is to empower real devices. Including fully blockchain-driven cameras from Consumer Electronic Show (CES) and the pebble geo machine. Making it suitable for supply chain optimization in different industries. The network also aims to stand out as a quality, innovative, and trustworthy brand.

The network clutches various mechanisms that guarantee the privacy of traders and transactions.  However, the platform has its own native token called “IOTX”. The utility token could be used to pay for transactions, stake and supervise the platform, and to connect to new devices.

The IoTeX blockchain has a decentralized identity, confidential computing, and secure hardware developed on it. This further connects to autonomous devices such as Pebble, a Ucam real-world oracle. The dedicated team has developed the vital blocks of infrastructures to bridge with ETH, BSC, and Heco blockchains. Like the ioTube bridge and ioPay wallet that benefit thousands of traders. 

Fundamentals

IoTeX was launched as an open-source project in 2017 by four co-founders Raullen Chai, Qevan Guo, Xinxin, and Jing Sun. The chief co-founder Raullen Chai is currently serving as the CEO of the company. He has accumulated great knowledge as an advisor at BootUP ventures.

In addition, he had served as a member of the Industrial Distributed Ledger (IDT) at an industrial internet consortium. Also, he was chief of crypto research and development (R&D) and served as engineer security at Uber. Qevan Guo founded Hyperconnect Lab, he had also accumulated knowledge as a research scientist and engineer manager at Facebook.

Another co-founder Xinxin prior to joining hands with IoTeX served as a research engineer at Bosch Research and Technology Center. He gained incredible knowledge as a research associate and project manager at the University of Waterloo. Further, Jing Sun served as a managing partner at Sparkland Capital.

Being the first network to connect physical world data to Dapps, IoTeX includes 100 delegators and is completely decentralized. In addition, every transaction is been practically instantaneous at a reliable cost. The platform aims to prioritize intensive growth of the network by strategically collaborating with partners and enhancing their user-centric tools for hassle-free onboarding to IoTeX. 

Our IOTX Price Prediction

The IoTeX price may reach new milestones in the upcoming days, as the Internet of Things (IoT) aims to revolutionize the internet space. 

According to Coinpedia’s formulated IoTeX price prediction. If the network launches upgrades in order to ensure enhanced interoperability and other features to benefit the traders. The price may easily surpass the $0.285 mark this year.

If the network fails to execute its plan, then the price can flip into a bearish trap and dip to $0.2. Considering everyday trade activities, and the bullish and bearish targets, the price could settle at $0.26

Historic Market Sentiments

2019:

  Post designing their platform in 2018, they evolved the technology and community at a massive pace. In 2019 the protocol went live on the mainnet to unleash its products in 2020. IOTX price commenced its run by moving in a massive upward trajectory. The altcoin initially claimed $0.066, but drastically fell to the bottom line of $0.00584.  And hovered within the same range throughout the year. 

2020:

As the project was at its nascent stage of development there hadn’t been any upgrade that caught sight of the user base. However, with mild volatility, the IOTX price hovered between $0.009 to $0.015 throughout the year. 

2021: 

The IoTeX price had seen phenomenal volatility throughout the year. After extensive correction for two years, the IOTX price commenced a gradual uprise from January 1st, 2021. It managed to chug up to a high of $0.066 by May 1st. However, the Chinese market depreciated the price action to initial levels of $0.01683.

Along with a substantial correction of two months, the IOTX price saw tremendous bull cycles in the 4th quarter. In the very first cycle, the price surged by more than 10X reaching a new high of $0.099. However, with certain fluctuations, the asset surged more than 500% reaching an ATH of $0.2611 on 13th November. 

But the equivalent surge in sell orders heavily plummeted the price back to the initial levels of $0.1024. Owing to the FUDs of the US Fed, the IOTX price has undergone yet another round of losses by the year’s end. 

FAQ

Q: Is the IoTeX coin a good investment?

A: 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.

Q: How high may the IOTX price hit by the end of 2025?
 

A: IoTeX token has a tremendous potential to reach new ATHs. As it intends to bridge the connection between several physical worlds and digital devices. IoTeX’s price could hit a maximum of $, by the end of 2025. 

Q: Will IOTX Price hit $0.5 by the end of the year 2022?

A: If it makes headway to bring further disruption in IoT, according to our IOTX price prediction,  it might claim $ by 2022.

Q: Where Can I Buy the IoTeX coin?

A: IoTeX (IOTX) is available for trade across major crypto exchanges like Binance, Huobi Global, FTX, KuCoin, etc…

Q: What are the real-life use cases of IoTeX?

A: 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.

To read the daily news,  click here

About the author

Daniel Salvatore

Add Comment

Daniel Salvatore

Get in touch

Mars Blogging launched in January 2019. Mars Blogging is an independent website publishing news related to business and major technology developments across the world.

The website also strives to create one of the most comprehensive financial glossaries online.

Mars Blogging is based in United States of America. The company also has offices in Louisiana, United States.

Sorry this site disable selection
Sorry this site is not allow cut.
Sorry this site is not allow copy.
Sorry this site is not allow paste.
Sorry this site is not allow to inspect element.
Sorry this site is not allow to view source.