The IOTA coin was one of the most sizzling topics in the crypto market in 2017. In the bull market at that time, IOTA climbed to 4th place among the cryptocurrencies by market capitalization. But in recent months and years, the tide has shifted. The cryptocurrency never regained 2017 prices and fell out of the top 50 most valuable cryptocurrencies by market cap. What is the IOTA price prediction for 2030? Can the IOTA coin become a valuable investment again in the future? Let’s take a look at it.
What is IOTA?
IOTA is an open protocol established on distributed ledger technology. The network makes it possible to exchange data and values free of charge. As a project, IOTA wants to develop the technological basis for the Internet of Things. This involves speedy communication and transactions between machines, vehicles, and devices.
The IOTA network varies from Bitcoin in its basic structure. IOTA utilizes the so-called “tangle” in contrast to the blockchain. This is based on the decentralized acyclic graph (DAG) and is a three-dimensional network that can theoretically offer tremendous decentralization and scalability.
How much can IOTA be worth?
At the time of writing this, the IOTA price was sitting at $0.2917. The IOTA or MIOTA price has witnessed a strong drop again in recent months. With the beginning of the bear market, the cryptocurrency has dropped sharply in price since September 2021. The MIOTA price was able to touch a price of $2 in September 2021. But once again, the price has dropped more sharply.
The bear market only began in November 2021. By then, the MIOTA price was already declining. But since November, this price decline has accelerated more rapidly with the bear market. At the turn of the year, the rate was $1.41. In January 2022, the price had already dropped below $1. We also witnessed heavier losses in May when the MIOTA price dropped below $0.30.
In June, the IOTA coin price was only 0.25 dollars. The price has dropped more than 85% since the high in September 2021. In the following weeks, the price, like the prices of the other cryptocurrencies, was able to stabilize again to this day.
What is the latest news on IOTA Coin?
In the last few months, we have noticed some positive developments at IOTA again after years of hardships. In 2017 there was huge hype about the potential of the network, but IOTA has not been able to follow through with significant development work in recent years.
https://twitter.com/bitfinex/status/1575787858480209922?s=20&t=LRCqe0pTxmR5yDasLFgipQ
In addition to the mainnet at IOTA, the Shimmer and Assembly networks have also been created in recent months. IOTA recently issued interesting information about these individual networks. In the future, Shimmer will allow you to create your own tokens in the network. Also, the network token SMR will soon be available on the Bitpanda and Huobi platforms.
At Assembly, we witnessed the third round of staking, which began in late July 2022. 20% of the stock of the ASMB token is scheduled. There is also good news for the mainnet. The IOTA Foundation launched its own login tool for the mainnet. The “registration with IOTA” could start soon.
What will IOTA be worth in 2030?
IOTA/USDT Weekly chart – GoCharting
The forecasts for cryptocurrencies are often complicated and mostly only informed assessments can be made. Yet, most experts assume that with the latest positive developments in IOTA Coin, the possibility of the cryptocurrency can be realized in the future. The IOTA coin could thus achieve price gains by 2025 and then up to 2030.
If we look at the next few years, mostly positive predictions for the price development of IOTA up to 2030 can be seen. Some prediction websites have slightly positive predictions for the MIOTA price at the moment:
So we see that most forecasting platforms notice the IOTA coin increasing in price over the next few years. We have to add that the predictions on these platforms are mostly very hidebound and take into account that many problems can arise with cryptocurrencies. But the potential of IOTA could be much higher and its price could touch more than that in 2030.
Is IOTA a good buy?
The IOTA coin is still outside the top 50 cryptocurrencies by market capitalization at the moment. Yet, we have to keep in mind that IOTA is a network that has extremely high potential. In 2017, the coin was already in fourth place among cryptocurrencies for a short time. Bad judgments at the IOTA Foundation have caused the price to drop in recent years.
But for the future, the network itself still has incredibly high potential. This is due to the following elements:
If IOTA manages to fully execute its vision technically, the IOTA coin can make tremendous bounds in the next few years. With few networks, the potential is as high as with IOTA.
Which partnerships does IOTA have at the moment?
We see the potential of the IOTA coin, especially by the partners the network has at the moment. A large group of companies has entered into a partnership with IOTA to be able to use the service from the network in the future.
IOTA Price Prediction: Should you invest in the IOTA token now?
Based on the technology and the partnership, we witness how high the potential of the IOTA coin can be. Unfortunately, the network has not developed much in recent years and has had to bear many setbacks. But this appears to have changed in the last few months.
https://twitter.com/shimmernet/status/1575837743745146881?s=20&t=LRCqe0pTxmR5yDasLFgipQ
With the positive developments in the Shimmer and Assembly networks, IOTA is taking a step in the right direction at the moment. In addition, the development of the IOTA 2.0 update, also called Coordicide, is progressing.
The IOTA coin also has huge potential in 2022. It is by no means sure that IOTA will be able to return to its 2017 highs. But due to the immense potential of the technology, an investment alone could be beneficial. It has a specific risk, but the potential profit is extremely high.
