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 (MIOTA) Sees a Higher Level of Interest
IOTA (MIOTA) triangle is in a very high demand. The digital currency project has gained a strong interest in the IoT and business community. The project has penetrated several industries and more firms are showing their interest in it.
According to David Sontebo – the founder of IOTA – more than 600 organizations have shown their interest in IOTA. One of the major targets for the implementation of IOTA is the automobile industry. IOTA has secured a lot of strategic partnerships with top car manufacturing companies.
The IOTA Foundation is also working to publish comprehensive technical guides and documentation to build a marketplace that could reform ownership values and trust. Nevertheless, one major barrier to the global adoption of IOTA is its lack of third-party integrators. At the moment, any use case or application of IOTA requires coding. This could be a stumbling block for some potential partners.
IOTA is currently ranked 9th on the list of top digital currencies based on market cap.
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 2019
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.