Coinzpress
  • bitcoinBitcoin(BTC)$29,791.00
  • ethereumEthereum(ETH)$2,023.62
  • rippleXRP(XRP)$0.419756
  • cardanoCardano(ADA)$0.56
  • dogecoinDogecoin(DOGE)$0.088288
  • Shiba InuShiba Inu(SHIB)$0.000012
  • Home
  • News
    • Bitcoin News
    • Ethereum News
    • Ripple News
    • Cardano News
    • Altcoin News
    • Blockchain News
    • Blockchain Gaming News
    • Chainlink News
    • DeFi News
    • NFT News
    • Press Releases
    • Sponsored
  • Market
    • Market News
    • Price Prediction
    • Market Analysis
    • Price Analysis
  • Guide & Reviews
    • Beginner Guide
    • Trading Guide
    • Developers Guide
    • Wallet Reviews
    • Earning Sites
    • Crypto Exchanges
  • Business
    • Technology
    • FinTech
    • Personal Finance
    • Startups
    • IPO
    • Stocks
    • Wall Street
    • Deals
    • eSports
    • iGaming
    • People
  • How To
  • Directory
    • Bitcoin Brokers
    • Bitcoin Businesses
    • Casino
    • Sportsbooks
No Result
View All Result
  • Home
  • News
    • Bitcoin News
    • Ethereum News
    • Ripple News
    • Cardano News
    • Altcoin News
    • Blockchain News
    • Blockchain Gaming News
    • Chainlink News
    • DeFi News
    • NFT News
    • Press Releases
    • Sponsored
  • Market
    • Market News
    • Price Prediction
    • Market Analysis
    • Price Analysis
  • Guide & Reviews
    • Beginner Guide
    • Trading Guide
    • Developers Guide
    • Wallet Reviews
    • Earning Sites
    • Crypto Exchanges
  • Business
    • Technology
    • FinTech
    • Personal Finance
    • Startups
    • IPO
    • Stocks
    • Wall Street
    • Deals
    • eSports
    • iGaming
    • People
  • How To
  • Directory
    • Bitcoin Brokers
    • Bitcoin Businesses
    • Casino
    • Sportsbooks
No Result
View All Result
Coinzpress
No Result
View All Result
Home Market Price Prediction

IoTeX Price Prediction: Will the IOTX Price Hit $1 in 2022?

Coinz Press by Coinz Press
March 4, 2022
in Price Prediction
IoTeX Price Prediction

IoTeX is a self-scaling and privacy-focused blockchain technology for the Internet of Things (IoT). IoTeX began as an open-source, decentralised platform to enable open economics for machines. This article on IoTeX Price Prediction 2022 is solely based on technical analysis. Let us first start by understanding what IoTeX is and then we will get into the nitty-gritty of IoTeX Price Prediction.

What is IoTeX (iotx)?

IoTeX crypto is a decentralised blockchain network that enables machines and humans to connect while maintaining free will, trust, and privacy. It delivers blockchain power and innovation to NFTs, protected devices, DApps, and other online transactions. The primary goal of the IoTeX cryptocurrency is to ensure that individuals not only own but also have control over the value and data that they generate. The network connects the digital and real worlds, allowing users to access a variety of services.

IoTeX (iotx) has received a significant amount of praise and recognition in numerous crypto journals and blogs. Following a 150 percent price increase, investors and traders would come across one IOTX coin news almost every day.

IoTeX began as an open-source, decentralised platform to enable open economics for machines. The primary goal of IoTeX is to create an open environment in which robots and humans may communicate freely, ensure trust, and benefit from well-designed economic incentives.

The IoTeX has a team of 40 research scientists and engineers from all around the world. IoTeX built its EVM-compatible blockchain from the ground up using the novel Roll-DPoS consensus process. More than 100 delegates from across the world attended the IoTeX (iotx) launch in the April of 2019. Users have already made more than ten million transactions by using blockchain technology.

The IoTeX blockchain team has also constructed the necessary infrastructure to link BSC, Heco blockchains such as the ioPay wallet, and Ethereum. The best thing about the IoTeX blockchain network is that it allows DApps based on EVM to scale without incurring high gas prices.

IoTeX’s Current Market Situation

IOTX is now trading at $0.18 with a 24-hour trading volume of $174,160,192 as of the time of writing this IoTeX price report. IOTX’s price has dropped 7.26 percent in the last 24 hours. Furthermore, the network now has a circulating supply of 9.54 billion IOTX. Binance, Huobi Global, Upbit, HBTC, and Xtheta Global are currently the main cryptocurrency exchanges for IOTX.

Let’s move on to the next section of our IOTX technical analysis for 2021.

A Price Analysis of IoTeX

IoTeX currently ranks 77th on CoinMarketCap. Users can observe the symmetrical triangle pattern on the daily time frame chart. This pattern depicts the time of consolidation preceding a price breakdown or breakout. In the near future, we can say that IOTX has a better probability of going up than down.

IOTX’s Relative Strength Index (RSI) is 46.47, indicating that it is neither overbought nor oversold. This might result in a price reversal at any point. As a result, traders must trade crypto with caution and avoid being swayed by market euphoria. Keeping all of this in mind, traders can avoid incurring unexpected losses as a result of the crypto market’s violent fluctuations.

Since the beginning of 2021, IOTX’s price has undergone several positive movements that are greater than the previous ones. Furthermore, these are immediately followed by consolidation, volatility, and corrections. Taking this into account, IOTX will have a competitive market in 2021.

IoTeX Price Prediction 2022

If the current upward trend continues, IOTX will be worth $1 by the end of 2022. Furthermore, the first half of 2022 will see rapid growth of up to $1.5. The growth will thereafter moderate, but no significant drops are forecast. With planned collaborations and advances, reaching $1.5 is fairly ambitious in terms of pricing, but it is undeniably doable in the near future.

IoTeX Price Prediction 2023

IOTX’s price can reach incredible heights, although it is unlikely to exceed $2. Furthermore, this is only conceivable if the market maintains its positive trajectory. Furthermore, only if the cryptocurrency IOTX surpasses the psychological resistance level.

IoTeX Price Prediction 2025

IOTX pricing might reach $3 in the next three years. However, hitting this level may not be as tough for IOTX as a new medium, short-term, or long-term price objective for purchase or sell orders may be discovered. According to the forecast, IOTX has a high probability of achieving a new ATH during the next five years.

IoTeX Price Prediction 2031

According to the IoTeX price prediction and technical analysis, the IOTX price is predicted to cross an average price level of $4.09 in 2031, with the current year’s minimum price value of $3.94. Furthermore, IOTX might reach a maximum price of $4.77.

Conclusion

In 2022, IoTeX has a promising future. With the current changes inside the IOTX ecosystem and the wider crypto market, we may see IOTX reach new heights. The bullish IOTX price forecast for 2022 is $1. However, if investors determine that IOTX, along with other cryptocurrencies like Bitcoin and Ethereum, is a solid investment in 2022, it may potentially reach $1.5 per token.

Also read: Helium Price Prediction: HNT Forecast for 2022-2025

Share76Tweet47

Related Posts

Where To Buy Shiba Inu Coin

Where To Buy Shiba Inu Coin: A Step-By-Step Guide

May 8, 2022
NFT Gaming

NFT Gaming: Deep Dive into NFT Gaming

May 8, 2022
Binance Staking

Binance Staking: A Comprehensive Guide for 2022

May 8, 2022
Tellor (TRB) Price Prediction

Tellor (TRB) Price Prediction: The Future of Tellor

May 8, 2022
Axie Infinity Price Prediction

Axie Infinity Price Prediction 2022-2031: Is AXS a Good Investment?

April 24, 2022
How To Buy MARS4 NFTs

A Quick and Easy Guide on How To Buy MARS4 NFTs 

April 24, 2022
Plugin Install : Widget Tab Post needs JNews - View Counter to be installed
  • Trending
  • Comments
  • Latest
Where To Buy Shiba Inu Coin

Where To Buy Shiba Inu Coin: A Step-By-Step Guide

May 8, 2022
NFT Gaming

NFT Gaming: Deep Dive into NFT Gaming

May 8, 2022
Binance Staking

Binance Staking: A Comprehensive Guide for 2022

May 8, 2022
Tellor (TRB) Price Prediction

Tellor (TRB) Price Prediction: The Future of Tellor

May 8, 2022
Coinzpress-logo

CoinzPress is one of the leading cryptocurrency news services that cover the latest crypto-related news. The news includes a technical analysis of a wide range of digital currencies as well as forecasts for those electronic currencies. Here at CoinzPress , we aim to enlighten anyone having an interest in the world of cryptocurrency with significant information that could keep them informed.

So, in short, we cover a range of announcements related to a variety of Alt-coins, digital coins, and any significant news that could create an impact on the trading world and economy.

  • How To
    • Altcoin News
    • Blockchain News
    • Blockchain Gaming News
    • Market Analysis
    • Market
  • News
    • Bitcoin News
    • Cardano News
    • Chainlink News
    • Ethereum News
    • EOS News
    • Ripple News
    • Tezos News
    • Sponsored
    • Press Releases
  • Company
    • About Us
    • Advertising
    • Press Release
    • Contact Us
    • Terms of Uses
    • Privacy Policy
    • Sitemap
    • FAQ
  • About
  • FAQ
  • Contact Us

© 2022 Coinz Press

No Result
View All Result
  • Home
  • News
    • Bitcoin News
    • Ethereum News
    • Ripple News
    • Cardano News
    • Altcoin News
    • Blockchain News
    • Blockchain Gaming News
    • Chainlink News
    • DeFi News
    • NFT News
    • Press Releases
    • Sponsored
  • Market
    • Market News
    • Price Prediction
    • Market Analysis
    • Price Analysis
  • Guide & Reviews
    • Beginner Guide
    • Trading Guide
    • Developers Guide
    • Wallet Reviews
    • Earning Sites
    • Crypto Exchanges
  • Business
    • Technology
    • FinTech
    • Personal Finance
    • Startups
    • IPO
    • Stocks
    • Wall Street
    • Deals
    • eSports
    • iGaming
    • People
  • How To
  • Directory
    • Bitcoin Brokers
    • Bitcoin Businesses
    • Casino
    • Sportsbooks

© 2022 Coinz Press