Cryptocurrencies will continue to appreciate and decrease in value, regardless of any price they may have. In the case of IOTA, there are still a lot of different opinions on whether or not this altcoin has any real potential. The IoT industry should not be underestimated by any means, though. The IOTA price is still moving up as we speak, and it even surpassed $5.4 at one point. As of right now, the markets are slowing down a bit, and the price per MIOTA is dropping. IOTA Price is Still Holding Strong The past week has been quite incredible for holders of
Cryptocurrencies will continue to appreciate and decrease in value, regardless of any price they may have. In the case of IOTA, there are still a lot of different opinions on whether or not this altcoin has any real potential. The IoT industry should not be underestimated by any means, though. The IOTA price is still moving up as we speak, and it even surpassed $5.4 at one point. As of right now, the markets are slowing down a bit, and the price per MIOTA is dropping.
IOTA Price is Still Holding Strong
The past week has been quite incredible for holders of the MIOTA token. According to Coinmarketcap, IOTA‘s market cap now sits above $12.68bn, which is extremely surprising. What is quite interesting isn’t IOTA’s price, but rather the way this currency has followed to achieve this number. The IOTA price has increased quite spectacularly over the past few days, and it seems this rally may still have some momentum in the tank to push toward another all-time high.
More specifically, we saw the IOTA’s price hit an all time high of $5.55 a few hours ago. That is pretty impressive, considering the price of this token sat at a value of $3 a several hours prior. It is evident that at this point this currency is attracting a lot of attention from the cryptocurrency community. IOTA can certainly make an impact on the IoT sector in the next few months and years. Moreover, the Tangle technology is of great interest as well, despite there still being some concerns over its viability.
With another 44.94% gain over the past 24 hours, it remains to be seen how steep the upcoming price correction will be. MIOTA Also gained 33.93% in value compared to Bitcoin, which is quite interesting to take note of. The world’s leading cryptocurrency is setting a new all-time high as we speak, yet a few currencies can effectively appreciate in value despite this momentum.
IOTA has a more than solid amount of trading volume right now as well. Whereas most altcoins barely break the $1bn mark at times, IOTA has over $2.46bn worth of trading volume in the past 24 hours. It looks like the demand for this crypto will not diminish anytime soon, especially when this IOTA price rally is still in full effect. Whether or not this trading volume will become the new normal for IOTA or is just a temporary flash in the pan, remains to be determined.
Bitfinex is still the main driver of the trading volume for IOTA right now. Their lead over Coinone is pretty spectacular, even though this latter exchange valued IOTA at over $7.55, which is definitely overpriced. That exchange’s price is currently excluded from Coinmarketcap, though, which is something we have seen affect other altcoins in the past as well. South Korea is massively driving up the value of all cryptocurrencies right now, although it is unclear why these prices would be excluded from Coinmarketcap. Regardless, this doesn’t seem to affect the IOTA price rally in the slightest.
It is unclear what the future holds for IOTA and the price of this intriguing token. Although the value of IOTA has yet to be fully determined in the real world, speculation certainly hints at big things to come. The active community is also doing its part in this regard, that much no one can deny. For speculators, these are golden times to be involved in cryptocurrencies. What goes up in value will eventually come down, though, and IOTA will – most likely- not be an exception in this regard.