Can IOTA Projects Boost The Price Above $1

IOTA (MIOTA) has been on the news for awhile now thanks to all the amazing partnerships the IOTA Foundation has been sealing. Unfortunately, the price of MIOTA isn’t reflecting the development and community growth. Just like every other altcoin, MIOTA is doing poorly in the market. The news about its partnerships and endorsements isn’t enough to boost the price now. The question is, will it be enough in the future?

IOTA Is Exploring Limitless Possibilities

IOTA Is gradually dominating the IOT industry. Thanks to Tangle, IOTA’s blockless technology, the platform is going to change the game in the industry. Don’t forget that IOTA is also focused on machine to machine communication which is the bedrock of most of its deals with automotive companies. As reported by smartereum.com, IOTA has entered deals with top players in the industry including Fujitsu, Volkswagen, BMW, and Bosch.

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IOTA (MIOTA) Price Today – MIOTA / USD

Name Price24H (%)
Bitcoin (BTC)
$6,495.18
0.29%
IOTA (MIOTA)
$0.491848
-0.37%

With all these exciting partnerships, you’d expect that the price of the native MIOTA token would have gotten to $1 by now. Unfortunately, IOTA is struggling in the market. Last week, the cryptocurrency was only able to rise by 0.08% against the USD. This week, it will most likely record a decline. The coin has declined greatly this year leaving the community worried.

Will IOTA Eventually Cross The $1 Mark?

In January, IOTA (MIOTA) sold as high as $5 thanks to the bullish rally that affected all cryptocurrencies starting with Bitcoin. While the price of IOTA (MIOTA) has dropped significantly since then, keep in mind that this isn’t an isolated fall. Other cryptocurrencies are falling as well. So, selling above $1 isn’t unrealistic. The deals with various companies are enough to give IOTA a push. However, the result of these partnerships may not be observed until the bearish pressure subsides.

IOTA (MIOTA) Price Now

At the time of writing IOTA was trading at $0.563664. This indicates a 4.70% rise against the USD and a 3.61% rise against Bitcoin.


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