IOST Coin Price Prediction 2024-2030

IOST cryptocurrency: full overview, a prognosis, and an outlook

If you ask anyone who has researched the sphere of cryptocurrencies they will tell you that scalability constraints plague the blockchain industry. When you pick up any book on business development, you will be reminded that if a company cannot grow at scale, it is doomed to fail.

The IOST project is aimed at upgrading blockchain infrastructure in terms of scalability issues. What is it, how does it work, and whether it is good for investment are discussed below.

What is IOST?

IOST is described as an ultra-fast, fully-fledged, and decentralized blockchain network ecosystem with its own nodes, and wallets, and is related to the next-generation consensus protocol dubbed proof-of-believability (POB). The developers’ goal is to form a complete architecture for running online services that are sufficiently scalable and secure.

The IOST token is a native blockchain cryptocurrency that has already been listed on many major cryptocurrency exchanges, including Binance. It has a maximum issuance of 90,000,000,000 IOST, of which more than 18.7 billion have been issued as of 26.02.2023. Since its launch in 2018, the cryptocurrency has shown strong volatility with sharp ups, and downs as well as prolonged declines. But since January 2021, it has attracted attention with relative stability in its value.

IOST tokens can be used for a variety of purposes. They act as a means of conversion and payment for goods and services which are realized on the platform, and as fees for the use of smart contracts in the IOST blockchain ecosystem.

The IOST token also plays a crucial role in calculating a user’s trustworthiness score, which is the basis of the Proof-of-Believability consensus algorithm. IOST token is mined using a form of stacking. Users can obtain new tokens by acting as a node to verify transactions and provide computing power for various services.

IOST’s high-performance public blockchain focuses on the convenience of developers who can run efficient, decentralized applications on it. Features include an integrated JavaScript v8 engine that can be used to write smart contracts, maximum decentralized consensus and high scalability, 0.5-second block creation speed, and free transactions so that you can put coins to get gas.

Essentially, the Internet of Services project is a protocol-based blockchain, which enables its users to interchange services and goods in a decentralized way. The project’s focus on scalability solutions sets IOST apart from competitors such as Ethereum and NEO. Scalability hurdles are simply haunting the blockchain industry at the moment, creating a major obstacle to widespread adoption. The features offered by IOST make it a good enterprise blockchain option for projects with a large customer base and transaction flow, from small enterprises to media giants. The methods aimed at achieving scalability are significant for processing multiple groups of data simultaneously. It is noted that the IOST network is still under development, thus it is obvious that other improvements will be added.

The platform is led by a team of well-respected founders and backed by top-notch investors. However, the IOST network consists of nodes managed by the community, which ensures safety, decentralization, and self-management. Moreover, IOST encourages all parties to join the Node Partners program, which builds the IOST environment by getting rewarded, sharing the profits, and shaping the IOST future horizons.

IOST Coin Price Analysis

IOST had a strong bullish beginning in January 2018, hitting an all-record high of $0.136 on 24 January 2018. This refers to an increase of 400% from the pre-sale price during the same month. The lowest rate was recorded in March 2020 at $0.0023311. IOST had a volatile year in 2021 with two noteworthy price swings. Entering the year at the mark of $0.01, the IOST rate jumped to $0.08 and closed the period at $0.03. The worst year in which the price fell from $0.031 to $0.0064640 is 2022.

The IOST rate is $0.0113519 as of February 26, 2023. In the last 24 hours, the price has fallen by 1.20%. It has a circulating supply of 18.7 billion IOST tokens and it is categorized as #161 with a present-day IOST market cap of $213 million.

IOST Price Prediction 2023

TradingBeasts has bullish IOST crypto price predictions. The service estimates that the cost may get to $0.01332 closing of 2023. Due to the DigitalCoin`s IOST coin price prediction, the asset could peak at $0.0189 with a common market fee of $0.0187. PricePrediction foresees that IOST will begin its path in 2023 at the $0.018 point.

IOST Price Prediction for 2024-2025

PricePrediction claims that the asset price will take off from its current value and will land at $0.027 by December 2024 and $0.039 by the end of 2025. Having considered the recent IOST price changes, Changelly suggests that the maximal IOST value in 2024 will be approaching $0.0269973. Changelly`s IOST price prediction 2025 is of the view that the utmost awaited IOST price for 2025 could be close to $0.0329967.

IOST Price Prediction for 2026-2027

Bitcoinwisdom price prediction for IOST in 2026 and 2027 admits that the rate may approach $0.048891 and $0.59756 respectively due to statements of numerous future collaborations and projects. As stated by Changelly, the topmost price will try to outstretch the mark of $0.0579942 in 2026 and $0.0829917 in 2027.

IOST Price Prediction for 2028-2029

Analyzing IOST fluctuations the Changelly team expects that the value could still hit a high of $0.119988 during 2028 and will consolidate between $0.149985 and $0.179982 in 2029. Bitcoinwisdom states that if IOST manages to break the resistant level in 2028, we could see a supreme value of $0.070621 and $0.081486 in 2029 respectively.

IOST Price Prediction 2030

The year 2030 seems to be marked by the topmost IOST price of $0.249975 as per the Changelly team. PricePrediction has a similar view and notes a supreme possible 2030 mark of $0.25. Bitcoinwisdom is much more optimistic about IOST price prospects and expects an average of $0.092351.

Summary

Blockchain protocols have gained a certain level of popularity. Because of this, IOST is beginning to be contrasted with other promising and young projects that are initially backed by large companies with broad capabilities.

IOST is already being used as the basis for the introduction of new technologies to protect against cyber-attacks, secure the personal data of blockchain participants, and verify ownership of property. Its products are used by Yahoo!, Forbes, NASDAQ, Coincodex, and others. And investors include Huobi, ZhenFund, Matrix Partners, etc. All this creates a positive reputation for the company as a brand that delivers quality software.

The challenge for IOST today is to create a full-fledged ecosystem where any willing developer can enter into a cooperation agreement by supplying their tools. The hope that everything will be accomplished is given by the existing experience of the project founders and the formed team of professionals. The IOST is most actively traded in pairs with the USDT, so it does not come amiss to analyze IOST USDT price predictions.

FAQs

Is IOST a good investment?

There have been waves of discussion around the IOST project from time to time, which is a good sign in terms of growing the rates and increasing the number of users. The project has a strong team with experience in financial institutions. However, before thinking about investing, one should follow the overall development of the project and make sure that it has built a solid technical base. Admittedly, the platform also has some strong competition in the market: IOTA (MIOTA), Zilliqa (ZIL), and EOS (EOS). All of them have strong transaction throughput rates. How the project will be able to compete with more experienced competitors and deliver on its promises is what determines the investment value of its token.

Will IOST go up?

From the estimation above, the logical answer shall be yes. With the ongoing developments happening within the IOST ecosystem, as well as in the overall crypto market, we may see IOST reaching new heights. However, you shall not neglect the fact of the market volatility when the IOST price prediction today can differ substantially from the IOST price prediction tomorrow. In fact, the long-run estimations are mainly considered indicators rather than absolute values.

Where can I buy IOST?

The easiest way to purchase IOST is to go to traditional crypto exchanges such as Binance, Huobi, Gate.io, Bittrex, KuCoin, EXMO, and others. If you don’t want to trade, but just plan to fund your wallet, the easiest way to make transactions is through an exchange, like Godex.io with client-oriented opportunities such as high speed, fixed rates, absence of KYC and exchange limits, 24/7 technical support and the lowest commissions.

Disclaimer: Please keep in mind that the content of this article is not financial or investing advice. The information provided is the author’s opinion only and should not be considered as direct recommendations for trading or investment. Any article reader or website visitor should consider multiple viewpoints and become familiar with all local regulations before cryptocurrency investment. We do not make any warranties about reliability and accuracy of this information.