IoTeX Price Prediction 2024, 2025, 2030 — IOTX Predictions

Today, we are on the threshold of a great change and that change is now happening in digital technology. The advent of blockchain technology has led to the creation of many innovative projects like the Internet of Things, which previously seemed to be just fantastic ideas. The authors of the IoTeX project, which we have listed in this article, are called upon to make this idea a reality.

What Is IoTeX (IOTX)?

IoTeX is a blockchain project adapted for Internet of Things (IoT) use cases. The team includes engineers and scientists who have worked with Google, Facebook, Intel, and other major corporations. The platform is a decentralized, confidential network having  ‘smart devices’ – gadgets, digital sensors that collect statistical information, etc. connected to it. IoTeX uses a modified delegated consensus PoS (DPos) that enables fast and inexpensive communication between blockchains. A list of well-known projects using DPoS include 

BitShares, Steemit, Lisk, Ark, EOS. In DPoS, network users vote for ‘delegates’ who will serve to confirm the next block. This makes it faster than conventional PoS. Delegates can also be called ‘block producers’ or ‘witnesses’. 

IOTX emerged in 2018 and became available for stacking in 2020. It was originally launched on the Ethereum blockchain and only in 2020 it migrated to IoTex’s own network, but it is still technically compatible with Ethereum. The current blockchain is just like  Ethereum, with more rapid block formation and lower transaction commissions. The IoTeX token is applicable for all activities on the network, such as transferring money, using decentralized applications, managing the network, and applying cross-chain bridges. IOTX is responsible for paying for gas (transaction fees), voting for consensus delegates, Stake-for-Service (escrow of service providers to users/devices), and registration of trusted devices.

IoTeX Fundamental Analysis

The decentralized Iotex network was created by Raulen Chai, Tsevan Guo, Xinxin Fan, and their huge team. Iotex is the first network to connect the physical world with DApps, with around 100 delegates confirming transactions in a decentralized network. 

In addition, the Iotex platform is also a launching pad for fresh and promising blockchain ideas and projects. IoTeX allows users to access multiple devices, decentralized applications, and various services. Some current integrations include Pebbles (smart watches), Cyclone (DApp), and ioPay (payment service). In addition, the IoTeX blockchain infrastructure is also designed to be compatible with Ethereum (ETH) and the HECO blockchain.

IoTeX Technical Analysis

The IOTX token was launched through an ICO on 14 February 2018 at $0.01 per coin to investors. 

The current price is $0.02604. 

The IoTeX cryptocurrency is not subject to mining.

Market capitalisation: $259m. 

Cryptocurrency ranking position: #137. 

On April 4, the token will activate a hard fork on block 22,991,401.

IOTX rebounded from the $0.022 horizontal support area on 10 March 2023 and has been strengthening since then. Continued gains could target the bulls at the long-term downside resistance line at $0.030.

The IOTX token is a deflationary token that uses a burning mechanism. Around 90% of the total supply will be burned as more and more people and their devices join the network. This works through a smart contract that is triggered every time new devices are added to the network.

IOTX Price Chart

On the last 24 h IOTX price chart (as of April 2, 2023), from Crypto.com, IoTeX’s rate equals $0.02609. It is currently -3.99% from its 7-day historical peak of $0.02717 and 10.16% from its 7-day record bottom of $0.02368. IOTX has a circulating supply of 9.96 billion IOTX tokens and a max supply of 10 billion IOTX. The asset price hit an intraday high of $0.027 and an intra-day low of $0.022. 

IoTeX Coin Price Prediction

IOTEX appeared on the digital horizon in 2018 and it was starting to be noticed by investors since 2021. The question arises how much could IoTeX be worth? We will try to answer by considering the estimates of leading analytical services below.

IoTeX Price Prediction 2023

Changelly`s Iotex price prediction 2023 suggests that the token’s highest value is most likely to be $$0.0459954. Price Prediction, another well-known analytical service in its IoTeX price forecast, indicates that the IOTX cost is approaching $0.036 in the current year. Meanwhile, as it was estimated by DigitalCoin, the IoTeX cost will step over the level of $0.0437 in 2023.

IoTeX Price Prediction 2025

As per DigitalCoin, the IOTX fee will trade near $0.10 in 2025. PricePrediction also believes that the token’s topmost rate will get to $0.077 in 2025. Captain Altcoin`s IOTX forecast suggests that the token may get close to $0.0963 in 2025. Changelly`s IoTeX crypto price prediction says that in 2 years the asset will face the following smallest and highest marks: $0.0809919 and 0.0949905, respectively.

IOTX Coin Price Prediction 2030

DigitalCoin`s IOTX forecast for 2030 expects that the token`s mid-range price of $0.29 is quite real. Changelly`s IoTeX fee estimation for 2030 suggests that IOTX is getting closer to 1$ reaching its supreme position at the $0.629937 mark. Price Prediction`s IoTeX price prediction 2030 discloses the highest figure at $0.49. In the meantime, СaptainAltcoin`s IOTX price prediction estimates that the asset fee moves closer to $0.2407.

Conclusion

IOTeX is an IoT platform. The Internet of Things is indeed gradually developing in the real world. But there is still a long way to go before domestic mass adoption. Will IoTeX-class cryptocurrency startups prove useful? In about 10 years, maybe. Unless the cryptocurrency market is fundamentally reformed by then. As long as there is a lull in the market, the IOTX exchange rate has no chance in the short term. But in the event of another to the moon, IOTX will also go up and probably be stronger than the other coins. It makes sense to keep an eye on this coin.

FAQs 

How much will IoTeX be worth?

Bullish forecasts for the price of IoTeX (IOTX) range between $0.24 and $0.62 by 2030. Bearish forecasts for the market price of IoTeX in 2023 are $0.0208.

Is IoTeX a good investment?

According to users and experts, IOTX has a promising future ahead because the currency is based on the Internet of things, a concept that connects all aspects of the environment, however different they might be, in an innovative way. Moreover, it aims to make it easier to connect everything around us to the internet. It is therefore safe to say that this cryptocurrency will occupy an important place in the world in the coming years. Indeed, by using IOTX, people will be able to easily interact with machines in a borderless environment. IoTeX cryptocurrency will be central to this interaction, which will take place with complete trust, freedom, and guaranteed privacy. 

The successful launches of Pebble Tracker and UCam, IoTeX’s blockchain-powered devices, have shown that there is huge interest in the company’s products and room for growth in this area. The IOTX team has ambitious plans for the platform, and they are currently working on implementing several use cases. The IOTX cryptocurrency has quickly become a popular crypto asset, and the project has created a large global community. IOTX tokens can be purchased on the Godex.io exchange completely anonymously and securely.

Is IOTX coin a good investment in 2023?

The price of IoTeX is bound to rise in the near future if cryptocurrency manages to dominate the Internet of Things sector. Indeed, investor enthusiasm, with an ongoing intensification in its customer base, should lead to a significant increase in its price in the more or less near future. To justify this possible explosion, it should be taken into account that IoTeX cryptocurrency developers are currently in the process of improving functioning within the ecosystem. Moreover, the dominance of cryptocurrency is one of the key factors that will contribute to this explosion. It is therefore interesting to see how this cryptocurrency behaves to be able to confirm its blast.

What is IOTX future?

More and more smart devices are appearing in homes and institutions, storing and transmitting various information. Experts estimate that within the next decade, there will be ten times as many such devices as there are people on the planet. This Internet of Things phenomenon requires maximum privacy and security that centralized systems cannot provide. The IoTeX project is already being used by a large number of homeowners and businesses, effectively protecting their privacy from intrusion. The IOTX token plays an important role in the network and is in demand as an investment asset.

What is the max supply of IOTX?

A total of 10 billion IOTX tokens are available, with 9,958,679,327 IOTX tokens in circulation at the time of writing, which is effectively 100%.

What is IoTeX worth in 2025?

Iotex price predictions for 2025 of the industry`s leading analytics services are gravitating towards the idea that IOTX value in 2025 falls within the range of $0.077-$0.10.

How high can IoTeX go?

None of the advanced crypto traders is sure to answer such questions. In this area, only volatility is a stable factor. Can IoTeX reach $1? It is more likely yes than no. Leading analysts argue that IoTeX could reach the $1 mark, but only in the long–range future, somehow after 2030.

As for whether it can reach $100? Let’s be realistic.  Even though the market value of the coin is increasing but the $100 target is still a long way off. It may take 100 years for the coin to reach $100. Therefore, we should not be in a hurry.

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.