Cryptocurrency: Should You Buy IOTA Now? Here is my prediction | Invezz

IOTA MIOTA / USD is arguably one of the main distinctive initiatives that serves as a link between IoT gadgets.

The exchange of information within the IoT ecosystem to and from linked gadgets is done by the community and can potentially also execute good contracts quickly across devices.

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All of this is supported by the MIOTA token.

IOTA (MIOTA) valuation

To better understand how the MIOTA token’s value can improve or decrease over time, we should look at its historical progress to determine the values.

On April 16, we noticed IOTA’s current highest value of USD 2.53, which was an enormous milestone for the value of the cryptocurrency. On April 25, it fell to $ 1.63 but was still able to stay above the $ 1 mark.

All of that changed to $ 0.75 on May 23, when after some time it fell below $ 1.

Now that you have an outlook on the current historical value of the token, let’s take a look at June for some additional information.

On June 3, IOTA was priced at $ 1.44. The low it hit all month was June 22, where it hit its lowest level of $ 0.66.

Only in the course of the June interval did its value decrease by 50%.

While this turned out to be unfortunate for the token holders, it may have paved the best path for new traders to get nice returns by investing in IOTA.

Should You Buy IOTA (MIOTA)?

On July 9, IOTA was priced at $ 0.80.

However, this is a far cry from the $ 2 it was worth in April, but it could potentially be the right entry level for brand new traders.

The volume of purchases and sales within the last 24 hours has increased by 40%, suggesting that the demand and usage of the MIOTA token is greater than before.

Such a surge in demand can usually result in a higher value as additional MIOTA tokens are required.

Speaking of circulating MIOTA, it is 2.78 billion MIOTA.

With all of this in mind, we can predict that MIOTA’s value could rise to $ 1 by the end of July as training and utilization have improved.

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