With the rapid bullish evolution of the crypto market in 2024, the racing altcoins indicate a trend reversal. Among a plethora of altcoins, IoTex (IOTX) comes as a potential multibagger with tremendous underlying potential.
IoTeX (IOTX) price has seen phenomenal growth with rapid volatility in the past. The platform serves as a grit for machine economy serving the functionality of machines ranging from smart devices to autonomous motor vehicles.
So, are you curious to invest in IOTX? Check out our IOTX price forecast for 2024-2030 now.
Are you eager to invest in IOTX but are unclear about its returns? Look no further as we decode the achievable IoTeX price forecast for 2024 and the years to come!
Overview
-5.54% *The statistics are as of the time of printing.
IoTeX (IOTX) Price Prediction
IoTeX (IOTX) Price Prediction for 2024
On an optimistic note, the price of IoTeX could rise to its potential high of $0.1948 by the end of 2024. In contrast, lack of mass adoption and depleting industry presence could leave the price at the bottom of $0.05692. As a result, the average price could land at $0.07720 by the end of 2024.
IoTeX price forecast for 2025
The Internet Of Things (IoT) may disrupt healthy technology in the coming years. With its hopeful events lined up, the future seems optimistic for IoTeX. As new landmarks are awaited on its way. If the network successfully accomplishes the planned integrations. Then, by the end of 2025, the price could reach a high of $0.16860.
Conversely, if the platform does not gain traction from the user base and does not execute the events according to the schedule. Then it can be easily defeated by its competitors. In such a case, the price may drop to a minimum of $0.08892. That said, considering the aforementioned outcomes, the average price could land at $0.12118.
IOTX Price Forecast 2026-2030
IOTX Price Prediction 2026: The potential price for the asset ranges from $0.127 to $0.241, with an average price of $0.176. IOTX Price Prediction 2027: The projected prices range between $0.183 and $0.346, with an average of $0.257. IOTX Price Prediction 2028: Estimates suggest prices range between $0.263 and $0.495, with an average of $0.374. IOTX Price Prediction 2029: Expected prices range from $0.379 to $0.709, with an average price of $0.544. IOTX Price Forecast 2030: Projections indicate prices ranging from $0.546 to $1.015, with an average of $0.792.
Market analysis
Wallet Investor:
According to the Wallet Investor’s IOTX price forecast. IoTeX’s price can rule the Metaspace and can reach a maximum of $0.0616. That said, the minimum and average price by the end of 2022 could drop to $0.0158 and $0.0394. The firm’s analysts expect the price to crush a high of $0.0484 by the end of 2023. And its potential high of $0.237, by the end of 2025.
Gov. Capital:
Gov.capital revised its forecast for the IoTeX price, it expects the tokens to reach a maximum of $0.0647. On the contrary, trend reversal in the market will cause the price to drop to $0.0478. And with average buying and selling pressure, it will trade at $0.0563 by 2022.
The site also made predictions for the long term. It expects the price to rise to a maximum of $0.3887 by the end of 2025. The analysts foresee the possibility that the average and minimum trading values will fall to $0.338 and $0.2873 respectively.
Digital coin price:
As per Digital Coin Price, the IOTX price is predicted to reach a maximum of $0.0389 by 2022. The maximum predictions for 2023 and 2025 are at $0.0650 and $0.12 respectively.
Click here to read our Quant’s (QNT) price forecast!
What is IoTeX (IOTX)?
IoTeX has developed a decentralized network whose core purpose is to empower real-world devices. Including fully blockchain-powered cameras from Consumer Electronic Show (CES) and the pebble geo-machine. Makes it suitable for supply chain optimization in different industries. The network also aims to stand out as a quality, innovative and reliable brand.
The network links various mechanisms that guarantee the privacy of merchants and transactions. However, the platform has its own native token called “IOTX”. The utility token can be used to pay for transactions, invest and oversee the platform, and connect to new devices.
The IoTeX blockchain has a decentralized identity, confidential computing and secure hardware developed on it. It is further connected to autonomous devices such as Pebble, a Ucam real oracle. The dedicated team developed the necessary blocks of infrastructure to bridge with ETH, BSC and Heco blockchains. Like the ioTube bridge and ioPay wallet that benefits thousands of merchants.
IoTeX is one of the top decentralized networks powering the machine economy and the third-generation web, MachineFi. The platform was developed to enable programmers to connect trillions of machines with web3 infrastructure and the latest applications such as Defi, NFT, Metaverse, etc. to produce. The platform is a larger performance public blockchain with off-chain computing for machines and devices including cross. -chain bridges, wallets and the marketplace launched by IoTeX. The company was founded in 2017 by graduates from Facebook, Google, Uber, Bosch and Intel. With over $2 billion in on0chain assets, 300K on-chain users, and approximately 10K connected devices spanning hundreds of applications, the IoTeX platform has seen remarkable growth. As a layer one blockchain that enables secure and reliable communication between IoT devices and the community, the company aims to build a platform that will serve as the center of the IoT environment and allow customers to securely access data. IoTeX has raised a total of $100 million worth in a single venture fund, which was announced on March 16, 2020. The platform’s estimated annual revenue is $7.4 Million per year with an estimated revenue of $130,500 per employee currently.
Fundamental analysis
IoTeX was launched as an open source project in 2017 by four co-founders Raullen Chai, Qevan Guo, Xinxin and Jing Sun. The principal co-founder Raullen Chai currently serves as the CEO of the company. He gained great knowledge as an advisor at BootUP companies.
In addition, he served as a member of the Industrial Distributed Ledger (IDT) at an industrial internet consortium. He was also head of crypto research and development (R&D) and served as engineering security at Uber. Qevan Guo founded Hyperconnect Lab, he also gained knowledge as a research scientist and engineering manager at Facebook.
Another co-founder Xinxin before joining hands with IoTeX served as a research engineer at Bosch Research and Technology Center. He gained incredible knowledge as a research associate and project manager at the University of Waterloo. Additionally, Jing Sun served as a managing partner at Sparkland Capital.
As the first network to connect physical world data to Dapps, IoTeX contains 100 delegates and is completely decentralized. In addition, every transaction was almost instantaneous at a reliable cost. The platform aims to prioritize the intensive growth of the network by strategically collaborating with partners and enhancing their user-centric tools for hassle-free onboarding at IoTeX.
CoinPedia’s IOTX Price Prediction
The IoTeX price may reach new milestones in the coming days as the Internet of Things (IoT) aims to revolutionize the Internet space.
According to Coinpedia’s formulated IoTeX price prediction. As the network begins upgrades to ensure improved interoperability and other features to benefit the merchants. The price could easily cross the $0.04 mark this year.
If the network fails to execute its plan, the price could turn into a bearish trap and fall to $0.03. Taking into account everyday trading activities, and the bullish and bearish targets, the price may settle at $0.36.
Historical market sentiments
2019:
In 2019, the protocol appeared on the mainnet to release its products in 2020. IOTX price started by moving on a massive upward trajectory. The altcoin initially claimed $0.066 but fell drastically to the bottom line of $0.00584. And hovered within the same range throughout the year.
2020:
Since the project was in the early stages of development, there was no upgrade that caught the eye of the user base. However, with mild volatility, the IOTX price hovered between $0.009 and $0.015 throughout the year.
2021:
After extended correction for two years, the IOTX price started a gradual upswing from January 1st. It managed to climb to a high of $0.066 by May 1st. However, imbalances in the Chinese market depreciated the price to $0.01683. After two months of correction, the IOTX price experienced tremendous bull cycles in the fourth quarter. The digital token rose more than 10X to claim its ATH of $0.2611 on the 13th of November. However, FUD and panic led to the yearly close at $0.124.
Click here to read our in-depth price prediction of Stellar (XLM)!
Frequently Asked Questions
Based on the data, it can be predicted that it is profitable to invest in IOTX for the long term. As the Internet of Things is set to flourish, this is a good investment.
IoTeX platform supports a number of projects working towards IoT (Internet of Things). Some of the notable projects using the platform are Ucam and Pebble Tracker.
According to our IoTeX price forecast, the altcoin’s price could rise as high as $0.1948 by the yearly close of 2024.
IoTeX token has a tremendous potential to reach new peaks. As it intends to bridge the connection between various physical worlds and digital devices. IoTeX price may reach a maximum of $0.16860 by the end of 2025.
IoTeX (IOTX) is available for trading on major crypto exchanges such as Binance, Huobi Global, FTX, KuCoin, etc…
IOTX BINANCE
Disclaimer for Uncirculars, with a Touch of Personality:
While we love diving into the exciting world of crypto here at Uncirculars, remember that this post, and all our content, is purely for your information and exploration. Think of it as your crypto compass, pointing you in the right direction to do your own research and make informed decisions.
No legal, tax, investment, or financial advice should be inferred from these pixels. We’re not fortune tellers or stockbrokers, just passionate crypto enthusiasts sharing our knowledge.
And just like that rollercoaster ride in your favorite DeFi protocol, past performance isn’t a guarantee of future thrills. The value of crypto assets can be as unpredictable as a moon landing, so buckle up and do your due diligence before taking the plunge.
Ultimately, any crypto adventure you embark on is yours alone. We’re just happy to be your crypto companion, cheering you on from the sidelines (and maybe sharing some snacks along the way). So research, explore, and remember, with a little knowledge and a lot of curiosity, you can navigate the crypto cosmos like a pro!
UnCirculars – Cutting through the noise, delivering unbiased crypto news
