German designed network IOTA which associated cryptocurrency known as MIOTA has been expanding its reach recently. All cryptocurrencies try to expand their partnership in the name of to be the best cryptocurrency to invest in. IOTA is one of them.
The crypto has been doing this by increasing its partnerships with top tech companies. Now according to a recent report, the network has benefited greatly from the recent partnerships it has entered. These collaborations have proven to act in the best interests of the network. It has helped to steady the price of IOTA.
IOTA (MIOTA) News Today – IOTA and Avery Denniso
IOTA’s partnership with clothing line Avery Dennison has helped the price of IOTA gain 52% in the last seven days. This is an impressive feat for a cryptocurrency that has been largely underrated.
IOTA’s agreement with Avery Dennison is designed to produce sustainable goods. It was initially tested with the ALYX brand. This allowed consumers to successfully track their products real-time via the supply chain. It is now ensuring that the production of goods is as transparent as possible with Blockchain technology.
IOTA Price Prediction
A similar partnership with that of IOTA and Avery Dennison is seen with the digital asset’s network partnership with Jaguar and the French Agtech startup known as OKP4 in a bid to store and share data with IOTA tokens as reward. The 52% increase in the price of IOTA can be attributed to all these partnerships when accumulated over time will show the gross result. The price of IOTA is bullish for today’s price forecast.
IOTA (MIOTA) Price Today – MIOTA / USD
The price of IOTA is $0.4029 and this make IOTA as the number 15 best digital asset overall. After IOTA’s partnership with Avery Dennison, the price of IOTA recorded a six-month high at $0.4375. It escalated from $0.2708 to $0.4375. Although the price of IOTA has come down because of Bitcoin’s recent price pull that forced the crypto market to tread low, the digital asset seems to be performing better. There hasn’t been any drastic fall in prices so far.
The pressure on the price of IOTA was sustained after it completed a remarkable retest of the $0.4677 position in the supply region this Friday. The cryptocurrency was in this particular area six months back. That was precisely on November 13 of 2018.
IOTA Price Analysis
According to the latest IOTA price analysis news on cryptonewsz; analysts believe that this cryptocurrency has a solid future despite being disputed by Bitcoin. According to their predictions, the price of MIOTA would reach 5.69 USD by 2020 and further there would be an increase in its price up to 56-560 USD per coin. This prediction is completely bullish pessimistic. By 2025, the coin’s value would raise more than 560 USD per coin. There are also estimations for the growth of the cryptocurrency to reach 0.9115 USD by the end of 2019 and rise further up to 5.1938 USD by 2024.
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