 price prediction in the coming years. Will IOTX be a good investment in the coming years? Find out here.){kind=link}
- Bullish IOTX price prediction ranges from $0.046 to $0.185.
- IOTX price might also reach $0.2 this 2022.
- IOTX’s bearish market price prediction for 2022 is $0.020.
IoTeX is an open-sourced decentralized project that helps to connect the real world to web3. Its native token is IOTX and is used to make payments for transactions within the blockchain.
IoTeX investors are bullish on the token since it has a return on investment (ROI) of over 21 times in the past three years. The crypto bubble 2021 led to an increase in the price of IOTX to its present all-time high (ATH) of $0.2611, attained in November 2021. Irrespective of the recent crypto winter, which led to a dip in the price of most cryptocurrencies, IOTX investors are confident that the future of IOTX is bullish.
If you are interested in the future of IoTeX (IOTX) and want to know the price analysis and price prediction of IOTX for 2022, 2023, 2024, 2025, 2026, and up to 2030, keep reading this Coin Edition article.
What is IoTeX (IOTX)?
IoTeX is an open-sourced decentralized project that helps to connect the real world to web3. Its native token is IOTX and is used to make payments for transactions within the blockchain. It is fast and secured with an excellent capacity to connect real-world devices, utility and data to blockchain DApps. IoTeX is multi-chained and is present in its own Ethereum blockchain and Binance Smart Chain. It was launched in 2018 and made compatible with Ethereum Virtual Machine (EVM) decentralized applications (DApps) in 2019 after it was integrated into the Roll delegated Proof-of-Stake (Roll-DPoS) consensus mechanism.
IoTeX was co-founded by Raullen Chai, Kevan Guo, Xinxin Fan, and Jing Sun. It raised $14 million during its initial coin offering (ICO) for $0.0000125 per IOTX. Its whitepaper was released in May 2018, and its mainnet was launched in 2019.
IoTeX has a plan to connect billions of devices and decentralized applications around the world. At the time of writing, 15,000 devices had been secured, and it has processed over 49.28 million transactions. It has over 200k community and 44,784 stakers. Transactions within the IoTeX blockchain are processed almost instantly and at meager fees.
IoTeX (IOTX) Current Market Status
The maximum supply of IoTeX (IOTX) is 10 billion IOTX, while its circulating supply is 9.54 billion IOTX, according to CoinMarketCap. At the time of writing, IOTX is trading for $0.02814, representing 24 hours decrease of 0.46%. The trading volume of IOTX in the past 24 hours is $12.28 million, representing a 3.76% increase.
Some top cryptocurrency exchanges for trading IoTeX (IOTX) are Binance, Kucoin, Huobi Global, Gate.io, Coinbase and others.
Now that you know what IOTX is and its current market status, we shall discuss the price analysis of IoTeX (IOTX) for 2022.
IoTeX (IOTX) Price Analysis 2022
Currently, IOTX is ranked in the 114th position on CoinMarketCap. Will developments and upgrades within the IoTeX community increase the price of IoTeX (IOTX)? We shall see in this CoinEdition price analysis 2022 article.
IoTeX (IOTX) Price Analysis – Keltner Channel
Keltner Channel is a technical analysis indicator used to determine trend directions by measuring the volatility above or below the candlesticks. From the Keltner Channel signals for IoTeX (IOTX), it could be seen that the present bullish run could continue since the recent candlesticks are within the first half of the chart from the bottom. Also, since the last candlestick is bullish, the present increase in the price of IOTX might be sustained before any reversal would be expected.
IoTeX (IOTX) Price Analysis – Relative Strength Index
The Relative Strength Index (RSI) is a technical analysis indicator that measures the relative momentum in the magnitude and speed of recent price changes of an asset to deduce if it is an oversold or overbought asset. The RSI value of IoTeX (IOTX) 1day chart of IOTX/USDT is at 40.44. This shows that IOTX is showing a neutral trend between 30 and 50. This value could trigger a further bullish run if more buyers could be attracted to gain from the expected price increase to the 50 RSI value, which is the strong trend region, before any price correction soon.
IoTeX (IOTX) Price Analysis – Moving Averages
The chart above shows the 1Day chart of IOTX 200-day and 100-day Moving Average (MA). IOTX is on a bullish trend, as indicated in the recent uptrend. Since the 200-MA is above the 100-MA, we can deduce that the price is bullish for long-term hodlers.
Also, since the gap between the moving averages is wide and above the recently formed candlesticks, the price of IoTeX (IOTX) might experience a significant rise or fall in the future.
IoTeX (IOTX) Price Prediction 2022
By looking at the daily chart of IOTX/USDT, the IOTX price was swinging from $0.065 resistance2 to $0.046 resistance1 after touching the support level at $0.020. It reversed from the support level of $0.020 and now going sideways in the market and is expected to be bullish in the coming weeks.
Meanwhile, our long-term IOTX price prediction for 2022 is bullish since it cannot break the present support level soon. We can expect IOTX to reach $0.2 in 2022.
IoTeX (IOTX) Price Prediction – Resistance and Support Levels
This bullish chart shows that the price of IOTX has decreased by 10.2% in the past 30 days. If this price decrease reverses, IOTX could break the $0.046 resistance1 level and move higher to $0.185 at the resistance7 level and even higher, the bullish signal for 2022.
However, if sellers have their way, the price of IOTX might be dethroned from its present uptrend position. In simpler terms, IOTX might trend below the $0.020 support level and even lower in 2022, a bearish signal.
IoTeX (IOTX) Price Prediction 2023
If the value of the relative strength index (RSI) of IOTX is at least 60 by the end of 2022, the bulls and investors are in change. This could spill over into the first half of 2023, which could make the IoTeX (IOTX) price trade around $0.4 by the end of 2023.
IoTeX (IOTX) Price Prediction 2024
The positive sentiment with the news of Bitcoin halving could directly impact the price of IOTX. Since 2024 is a year of Bitcoin halving, and most cryptocurrencies respond in the same trend as Bitcoin, we could see the cost of IOTX trade at $0.8 by the end of 2024.
IoTeX (IOTX) Price Prediction 2025
By the end of 2025, the price of IoTeX (IOTX) could rise to $2. This is because of the price surge a year after Bitcoin halved. Also, considering that more developments will be introduced into the IoTeX platform since more developers are building on it due to its ultra-fast transaction speed that is also secure.
IoTeX (IOTX) Price Prediction 2026
With the number of IOTX hodlers on the increase and the growing sentiment about cryptocurrencies, IOTX has the possibility of holding most of its recent gains and consolidating. Hence, the price of IOTX could trade around $3 by the end of 2026 due to the bear market that serves as a market correction after a strong bullish run.
IoTeX (IOTX) Price Prediction 2027
By the end of 2026, most investors will be preparing for a possible trend reversal in the direction of the bulls. This is due to the possibility that the market has attained its minimum support level. The price of IOTX could surge to $5 by the end of 2027.
IoTeX (IOTX) Price Prediction 2028
In 2028, there will be Bitcoin halving. Hence, the consolidating market in 2027 could be followed by a bullish run. This is due to the impact of news surrounding any year of Bitcoin halving. Therefore, the market could attain a high-value IoTeX (IOTX) and hit $8 by the end of 2028.
IoTeX (IOTX) Price Prediction 2029
By 2029, there could be much stability in the price of most cryptocurrencies that had stayed for over a decade. This is due to implementing some lessons learnt to ensure their investors retain the project’s confidence. This impact, coupled with the price surge that follows a year after Bitcoin (BTC) halving, could surge the price of IOTX to $16 by the end of 2029.
IoTeX (IOTX) Price Prediction 2030
The cryptocurrency market experienced high stability as a result of the hodling activities of early investors so as not to lose future gains in the price of their assets. We could expect the price of IoTeX (IOTX) to trade around $20 by the end of 2030, irrespective of the previously bearish market that followed a market surge in the previous years.
Conclusion
As said above, IOTX might reach $0.2 in 2022 and $20 by 2030 if investors have decided that IOTX is a good investment along with mainstream cryptocurrencies like Bitcoin and Ethereum.
FAQ
IoTeX is an open-sourced decentralized project that helps to connect the real world to web3. Its native token is IOTX and is used to make payments for transactions within the blockchain. It is fast and secured with an excellent capacity to connect real-world devices, utility, and data to blockchain DApps.
Like other cryptocurrencies, IoTeX (IOTX) can be traded in cryptocurrency exchanges like Binance, Huobi Global, Coinbase, Kucoin, Gate.io, and others.
IOTX has a low possibility of surpassing its present all-time high (ATH) price of $0.2611 in 2022. However, due to the positive sentiments of its investors, this could be reached by 2022.
IOTX is one of the few cryptocurrencies that has retained its bullish momentum in the past seven days. If this momentum is maintained, IOTX might reach $0.2 soon after its breaks the $0.185 psychological resistance.
IOTX has been one of the most suitable investments in the crypto space in the past three years. Its return on investment of over 2174% makes it one of the assets to keep on the watch list and hodl for the future.
IoTeX has a current all-time low price of $0.001239.
IoTeX was co-founded by Raullen Chai, Kevan Guo, Xinxin Fan, and Jing Sun.
IOTX has a maximum supply that is 10 billion IOTX.
It was launched in 2018.
IOTX can be stored in private and cold and hot wallets of centralized exchanges.
IOTX’s price is expected to reach $0.4 by 2023.
IOTX’s price is expected to reach $0.8 by 2024.
IOTX’s price is expected to reach $2 by 2025.
IOTX price is expected to reach $3 by 2026.
IOTX price is expected to reach $5 by 2027.
IOTX price is expected to reach $8 by 2028.
IOTX price is expected to reach $16 by 2029.
IOTX price is expected to reach $20 by 2030.
Disclaimer: The views and opinions, as well as all the information shared in this price prediction, are published in good faith. Readers must do their research and due diligence. Any action taken by the reader is strictly at their own risk. Coin Edition and its affiliates will not be held liable for any direct or indirect damage or loss.