In 2016, a team of like-minded developers from 25 countries worldwide introduced IOTA (MIOTA) and its innovative “blockless” architecture. IOTA is the first project of its kind, designed for the Internet of Things and seamless integrations with other real-world technologies. Although IOTA is a distributed ledger, its network (called Tangle) is not technically a blockchain.
IOTA is known for its prominent partnerships, while Tangle is used in numerous innovative projects such as building smart cities and launching the first charging stations for electric vehicles that are payable with crypto. The value of IOTA lies primarily in its technology and grand, almost utopian scope.
What are the specific factors that determine the price of MIOTA, and what is its true value? If you’ve ever wondered this, then you are in the right place. We’ve gathered all the information you need to find out what affects IOTA price and what defines it.
MIOTA Price History
The price of Iota (MIOTA) depends on numerous factors, including the value of Tangle and IOTA’s technology, partnerships, and integrations. Just like many other cryptocurrencies, IOTA can see a higher level of volatility when compared to the traditional stock market. Since the market of cryptocurrencies is yet to reach its maturity, radical and sudden price swings are commonplace.
IOTA launched a year ahead of the famous crypto bull run that took place at the end of 2017, bringing all top cryptos to new high prices. MIOTA price started from as low as $0.24 in July of 2017 with severe monthly dips that plummeted to almost -40%. However, by the end of 2017, MIOTA took a swing with the rest of the market that headed for a bull run at the time, pulled by the top crypto, Bitcoin (BTC). In November of 2017, MIOTA price went through an increase of over 230%, which brought IOTA (MIOTA) to a new high of $1.3.
In December of 2017, IOTA shattered its previous months’ record with its new all-time high price (ATH) of $5.25, ending the year on a good note and with favorable returns to investors. The next year brought bearish trends and negative momentum for the majority of the cryptocurrency market, and MIOTA wasn’t an exception. The highest MIOTA price for 2018 was $1.95, with 87% of price jumps occurring in April – after a series of declines that brought MIOTA down from $2.29 in January. MIOTA price dipped as low as $0.28 in November 2018.
Downward trends kept pushing the price of MIOTA south, setting the value of $0.50 as its highest price of 2018. The crypto continued to face challenges as it dipped to a new low of $0.16 in the fourth quarter of 2019. By the end of December, MIOTA trading volume had declined nearly 3x when compared to the trading volumes in May of the same year.
MIOTA trading volume changed drastically from December 2019 with 320 million, to December 2020 when monthly trading volumes topped 1.7 billion. However, MIOTA was still trading down from its all-time high of $5.25. The highest MIOTA price for 2019 was $0.35 with lows reaching $0.17. The cryptocurrency market saw new gains in 2021, and IOTA was primed and ready for launch. The crypto crested a price of $1.40 after a series of rises and 2.2 billion in trading volume, showing clear signs of recovery.
We can’t say with certainty what is next for IOTA, especially given the dynamic and volatile nature of cryptocurrencies, however, there are ways to try and predict the future price of IOTA (MIOTA).
Analyzing IOTA’s Price History
When attempting to get a picture of what the future of MIOTA price may look like, we can utilize techniques often used by traditional investors – such as analyzing the price history of IOTA (MIOTA) in order to recognize patterns and identify trends.
Technical Analysis (TA) uses charts as one of the main tools to predict the future price of IOTA based on the price history and trend patterns. By analyzing charts and using technical analysis, investors and traders can determine when to trade IOTA for maximum returns. It is important to analyze charts to be able to detect trend patterns.
Traders and investors can also use fundamental and sentiment analysis to further analyze IOTA. Fundamental analysis looks into the finances, news, and activity of the company behind a tradable asset. MIOTA is not backed by a company but does have an active dev team behind it. Fundamental analysis takes regulations into account as an important factor as well. Partnerships can also have a major effect on the price of IOTA and other cryptos, increasing both the value of an asset and its demand. Sentiment analysis concerns the overall sentiment for the crypto project in question among investors and the general public – in this case, IOTA. It isn’t a rare case that IOTA may show a bullish pace of growth whenever a prominent partnership is announced, like IOTA partnering Volkswagen for instance.
Like many other top traded cryptocurrencies, IOTA is susceptible to radical price booms that are usually followed by major dips once the hype among investors is exhausted and the trend enters a reversal. This pattern is known as boom-and-bust. These price swings are yet another data point to be used when determining future price movements as you analyze MIOTA’s price history.
Factors Influencing the Price of IOTA (MIOTA)
Unlike Bitcoin (and its many forks) that have a supply limited to 21 million units, IOTA’s total supply of MIOTA is 2,779,530,283 – or 2.78 billion tokens. The market cap is based on the present price-per-token multiplied by the number of tokens currently circulating.
There are various factors that may influence the price of MIOTA and help determine its market value, one of which is the momentum of the cryptocurrency market in general.
As the top crypto and an asset that typically hovers around 60% of total crypto market dominance, Bitcoin’s price momentum often affects the entire market – including MIOTA. With extreme bullish pacing, Bitcoin will often pull the rest of the market until the price spikes and the trend is exhausted. While cryptocurrencies have individual trend cycles, the majority of the market can often head in the same direction at once during mass upward or downward trends.
Project developments, updates, upgrades, and partnerships are also some of the factors that can influence MIOTA’s value. The IOTA dev team is consistently partnering with prominent companies and automotive giants – such as Volkswagen and Jaguar Land Rover, as well as Dell Technologies and Bosch, adding to its intrinsic value. IOTA is also involved with projects focused on the Internet of Things, like smart city and crypto-charging stations for electric vehicles.
Live IOTA Value and Market Cap
The live price of MIOTA is in constant flux and primarily depends on the number of sellers and buyers on crypto exchanges and the balance in these numbers. Buying and selling MIOTA is expressed in its daily trading volume, which can also provide an insight into the current demand of the token. IOTA’sIota market cap is calculated as the number of MIOTA tokens in circulation, multiplied by its current market price. The market cap of a project is often used to determine its rank among all other cryptocurrencies in terms of popularity and market dominance.
The current price of Iota is EUR. It has changed by EUR in the last 24 hours and IOTA has a 24-hour trading volume of EUR. Iota current Kriptomat ranking is , with a market cap of EUR. It has a circulating supply of .
IOTA Price FAQ
Will the Price of MIOTA Reach $100 USD?
The price of IOTA (MIOTA) depends on numerous factors influencing its value, with active price changes based on traders’ activity and demand. The highest price MIOTA has achieved so far is $5.25, and the crypto has yet to revisit and retest this ATH recorded in December of 2017. The price of 100$ per MIOTA may become closer to reality as the total supply is thinned, which should as a consequence increase the overall demand and value of each individual MIOTA token. Eventually, MIOTA could very well reach the price of $100 if it continues to innovate.
Does IOTA Have a Future?
IOTA is one of the most innovative, unique, and prominent cryptocurrency projects in the market. Its potential has been recognized by major automotive companies such as Volkswagen and Jaguar Land Rover, as well as companies like Bosch, Dell Technologies, Microsoft, Fujitsu, MOBI, Energinet, and more.
IOTA’s future is assured through the enterprise-level adoption it has seen with Tangle, it’s potential in IoT, and a suite of technology that can be easily integrated with other tech stacks.
Is IOTA a Good Investment?
IOTA certainly has innovative technology that revolutionizes the term blockchain-based environment. Aside from focusing on the Internet of Things applications, IOTA has become an integral part of some groundbreaking projects, which include building a smart city and developing charging stations for electric vehicles that accept IOTA as a payment method. The intrinsic value of IOTA is most probably yet to reflect on its market price as the project is still developing and maturing, making IOTA likely to be a good investment in the long run.
The price of MIOTA has been through numerous fluctuations and the project has seen many changes since it was first introduced in 2016. Its value keeps changing with demand and supply in the volatile environment that the crypto market represents. From trading at lows around $0.16 to reaching its (current) ATH of $5.25, IOTA has certainly had an exciting price history.
IOTA (MIOTA) price depends on numerous factors, including partnerships, projects, and important events and upgrades, always expressed through the current balance between the supply and demand.
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