IOST is an acronym that stands for Internet of Service: Next Generation. It is a high-speed decentralized blockchain network with excellent transaction throughput. The project’s goal is to create a self-operating, trustless network that optimizes the value of members while meeting security and scalability requirements.
IOST blockchain technology is being implemented in the crypto and blockchain industries to deliver high scalability and safe transactions. IOST claims that its ultrafast blockchain can process 100,000 secure transactions per second. The IOST ecosystem includes its nodes, wallets, and Dapps. IOST works on a next-generation consensus method known as proof of belief (PoB).
Terrence Wang, Justin Li, Ray Xiao, Sa Wang, Jimmy Zhong, and Kevin Tan founded IOST in January 2018. Node Capital, Zen Fund, Nirvana Capital, Alpha coin fund, Huobi, Sequoia, LINKVC, Matrix Partners, INBlock chain, Metropolis VC, and SEQUOIA are among the biggest investors in IOST.
IOST has collaborated with leading corporations to develop technology and performance. Significant collaborations include LATOKENS, PLAIR, BLOCKFOLIO, COVALENT, ContentBox, and Thesis. The startup has teamed with Mycontainer to make staking easier. IOST announced its participation in the Japan Blockchain Association on October 4. IOST is rapidly expanding its collaborations in all relevant sectors to become a pioneer leader in the smart contract business. The IOST token is the IOST platform’s native currency and may be used to pay network fees.
Distinctive Features
Smart-contract platform technologies are in a fierce rivalry with one another. In such a competitive business, IOST is attempting to maintain its 24th place on the Center for Information and Industry Development (CCID) worldwide index for the fourth time in a row, out of 37 rivals. IOST features a zero-downtime mainnet that has hosted about 587 million transactions. IOST’s DeFi ecosystem may support stablecoins such as JPYA, HUSD, and USDA. IOST anticipates further collaborations in the following years.
The ‘proof of believability’ ensured liveliness and security on quick transactions. Decentralization and self-governance through IOST nodes. According to business data, IOST presently has 571877 accounts, 491 nodes, and 1196 contracts, with the number growing by the day. According to the IOST whitepaper, the platform offers unique characteristics such as,
- IOST offers a revolutionary sharding technology called efficient distributed sharding (EDS).
- TransEpoch aids in the preservation of transaction operability during epoch changes.
- Atomix is a mechanism for atomic commits between shards.
- Believability proof: next-generation consensus protocol with the credible first approach.
- Micro state block helps to reduce bootstrapping costs and validator storage.
All of this adds together to make IOST a beacon of hope for the future blockchain sector and crypto market.
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IOST Price Prediction: Market Sentiments
The price of IOST is at $0.02154, with a 24-hour trading volume of $28,294,278.47 on Binance. The overall market cap is $399,456,598.25, and there are 18,588,745,668 IOST digital coins in circulation. In 2018, IOST coins had the highest price exchange rate was $0.1365. The all-time low of the IOST price is $0.001562 in March 2020.
Data from the monthly chart reveal that following the initial coin offering, IOST traded horizontally for a long period. The continued advances within the IOST ecosystem will change market acceptability from a sideways trend to a positive one beginning in 2021. The price increased from $0.00420 to $0.09313.
Then a reversal pattern developed on the weekly chart, with IOST taking support around $0.02252 following a retreat. IOST then managed to approach the resistance level of $0.0545 but failed to cross it. The market attitude during the previous month has been negative. However, the price has recently fluctuated between $0.046 and $0.0626. It dropped by 3.27% last week.
Today, IOST is trading around $0.02525, up 0.96% daily. Traders should use caution while entering and exiting IOST at this time. Investors might wait for an entry point over $0.0600.
IOST Price Prediction: Technical Review
IOST is currently selling at a higher price. For yesterday’s session, IOST traded at a minimum of $0.02493 and a top of $0.02601. The most recent trend indicates that if the price level remains unchanged, there is a chance that the IOST price will shortly return to the previous swing high. However, activity has been relatively low in recent trading sessions. A negative indication may be seen in the chart since prices are establishing lower highs.
The technical setup indicates that the immediate resistance level is $0.043. Before the price of IOST may grow, it must first overcome the nearby resistance level. It is a negative indication headed towards the $0.0191 support level. IOST coin is volatile, and the technical setup has a short-term surge in the medium run. IOST’s exponential moving average is much higher than its 200-day moving average, but it has yet to cross the 50-day or 20-day moving averages.
The relative strength index (RSI) of the IOST price, which is now at 43, indicates modest momentum. The MACD line is moving with the signal line but cannot cross it, not confirming the trade. IOST has been trading in a range for the past week, with a low trading volume. The price will remain in the same range-bound over the next two to three sessions. However, the IOST price projection algorithm predicts that a bounce and break out from this level is imminent to complete the cup and handle configuration.
IOST Price Prediction: 2022-2026
The long-term price projection from our in-depth IOST price study reveals that the future of IOST is bright for investors. The following are the long-term pricing forecasts:
The IOST price prediction for 2022 indicates that traders should be careful about IOST volatility during the next two months.
IOST Price Prediction 2022
The price forecast for 2022 is optimistic; with the price of IOST trading at $0.02527 at the start of the year, the cost of IOST will reach around the minimum price of $0.0309, and projections expect it to reach $0.0333 by the end of 2022. Bulls will gradually enter, making IOST a good investment. The IOST price will reach $0.0352 by the middle of the year. According to the IOST price prediction, the coin primarily trades with an average IOST price of $0.0332 for the year.
IOST Price Prediction 2023
IOST will begin trading in the $0.0360 area in 2023. Long-term coin forecasts indicate that it will reach $0.0445 levels by the middle of the year, with a maximum climb of $0.0452 and an average IOST price of $0.0364.
IOST Price Prediction 2024
IOST projection for 2024 is where investors want to acquire IOST with a higher market cap. It will begin trading for $0.0402. By February 2024, the price of IOST will have risen to a maximum of $0.0505 and a low of $0.0310.
IOST Price Prediction 2025
IOST outlook 2025 is quite positive, with the cryptocurrency reaching a high of $0.0557 and testing $0.0485 before the end of the year. According to the IOST projection, the average price for the year will be about $0.0474. There is no significant price reduction with favorable signs for the year. For 2025, IOST pricing forecasts are relatively constant. By this time, IOST may have risen to the top of the market, with enormous growth potential and widespread acceptance among rivals.
IOST Price Prediction 2026
IOST would have achieved widespread popularity, and it has the potential to be one of the top blockchains by 2026. According to our long-term IOST price projection, the coin may hit the $0.0493 threshold. The lowest price level might be approximately $0.0411. According to our forecast, the average IOST price for the year will be about $0.0447.
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