IOTA (MIOTA) is an ambitious digital currency project with a lot of potentials. Unlike other digital currencies, IOTA doesn’t use the blockchain design, rather it stores data of transactions in a blockless distributed ledger. This technology helps the digital currency to eliminate costs of transactions and reduce processing time.
The value of the digital currency saw a significant growth at the end of last year, and it’s set to be one of the best performers this year in the digital currency market.
IOTA Price Today: Current Price of MIOTA
IOTA is currently ranked 9th on the list of top digital currencies based on market cap, and the market cap of the coin is $4.02 billion. The digital currency is currently trading at $1.45 after an increase of 6.87 percent in the last twenty-four hours.
Among the top ten digital currencies, IOTA is the only one that is in the green in the past twenty-four hours, and its trading volume in the last twenty-four hours is $75.68 million.
IOTA (MIOTA) Price Prediction for 2018
Most digital currencies tend to follow the trend of Bitcoin – the biggest player, to the point that the value of Ethereum and other digital currencies are greatly influenced by the losses and gains of Bitcoin (BTC) in the market. But IOTA (MIOTA) stands out as a market maker in its unique right.
This puts the coin in a small but influential group of digital currencies that can function as a bellwether for the rest of the market. As a result of this, the price predictions of IOTA shows that a rebound to the $5 mark or more is actually very possible by the end of this year.
Though the digital currency would probably not be able to exceed the resistance at the $6 and $7 dollar level without a bigger market boost to push it along.