In recent weeks, the IOTA crypto price has been affected by the FTX crash. Cryptocurrency prices plunged significantly in a relatively short amount of time. However, the token’s price has returned to normal in the last two weeks. How are things shaping up in the final weeks of the year? This IOTA price prediction is all about how high will IOTA price reach in 2025. Let’s take a look at it in more detail.
What is IOTA?
IOTA is not a blockchain in the traditional sense. It is an open-source tokenized communication protocol that is scalable. The main application is value transfer. The IOTA Foundation (foundation under German law) in Berlin expands and makes the protocol accessible on non-profit grounds.
IOTA is a cryptocurrency that gained popularity in 2017. IOTA is a network that was founded in 2016 and quickly attracted a large number of investors due to its innovative concept.
Why did the price of IOTA skyrocket in 2017?
In 2017, there was a massive bull run near the end of the year. This marked the end of the Bitcoin cycle and the peak of the bull market. Cryptocurrencies were skyrocketing at the time. This was particularly true for IOTA. At the time, the MIOTA token was worth more than four dollars and was occasionally ranked fourth in terms of market capitalization among cryptocurrencies.
The upsurge of IOTA was fueled by widespread excitement about network technology and the prospective Internet of Things. At the time, the project established partnerships with big corporations such as Bosch. As a result, many small investors invested heavily in the token, driving the price sky-high during the bull market.
What caused the IOTA cryptocurrency crash?
IOTA was unable to recapture its position at the top in the subsequent years. Sadly, due to the hype, the project failed to keep the big commitments. The cryptocurrency naturally collapsed during a bear market. Even so, MIOTA has continued to decline in popularity among cryptocurrencies in recent months.
Internal issues within the IOTA Foundation curtailed development progress. IOTA has struggled mightily, especially with the Tangle network’s decentralization. While modern blockchains have made considerable advances in decentralization in recent years, IOTA has failed to do so. Because of the technical stalemate, investors quickly retreated, and the MIOTA price in the last bull market in 2021 was nowhere near the price of the 2017 bull market.
What does the IOTA price prediction for the end of 2022 look like?
IOTA Price Prediction: IOTA/USDT Weekly chart showing the price – GoCharting
The IOTA prediction for the end of 2022 has worsened yet again as a result of the FTX crash. We had suspected a relatively positive prediction in our last forecast before the crash. Even so, there is presently little proof that the IOTA price will increase in the coming weeks of December.
However, cryptocurrency prices may rise slightly over the next three weeks. It is difficult to say whether an increase in bitcoin and other altcoins will influence IOTA. However, a further decrease in the price below $0.20 in the coming weeks is also highly improbable.
How High Will IOTA Price Reach in 2025?
https://twitter.com/SpecWeekly/status/1598336841786470400?s=20&t=iD9EqGipQa2BlfFiAK2iAw
There has been movement in the IOTA network in recent months. The assembly and the shimmer token were recently airdropped. Assembly is the network for smart contracts, while Shimmer is the test network for IOTA 2.0. Above all, Tangle’s decentralization problem should be resolved.
With IOTA 2.0, also known as Coordicide, IOTA should be able to catch up to modern blockchains. This suggests that the network still has immense potential. MIOTA’s progress in recent years has been hindered primarily by a lack of technological advancement. With the release of IOTA 2.0, the cryptocurrency could re-enter the top group of coins soon.
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Is the IOTA cryptocurrency a good investment in 2023?
For a long time, IOTA was viewed as a potential work and one of the most fascinating hot-button issues in the cryptocurrency market. Those days, however, have seemed to be long gone. Other projects have made the fantastic technological advance, whereas IOTA is still struggling with the prospect of decentralizing its network.
Nonetheless, progress has been made in the last 1-2 years. The Tangle structure has enormous potential as a blockchain alternative. An investment in IOTA, on the other hand, represents a significant risk that could also pay off handsomely. We recommend a medium to long-term investment if you are willing to take risks and still believe in IOTA’s future.
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