IOTA Price Prediction – Will MIOTA Price Hit $2 Soon?

  • Bullish MIOTA price prediction ranges from $1.212 to $1.78.
  • MIOTA price might also reach $2 soon.
  • MIOTA bearish market price prediction for 2022 is $0.65.

This IOTA (MIOTA) Price Prediction 2022 article is based on technical analysis alone. Below, you will see the key metrics that we have taken into consideration upon coming up with our MIOTA price analysis and prediction.

IOTA (MIOTA) is a smart contract platform that has fundamentally redesigned distributed ledger technology. As a result, the network was able to provide a secure exchange of data and value without any fees. Also, the IOTA technology is built to be compatible with the Internet of Things (IoT) with low resource requirements and tamper-proof-data security.

Regarding its technology, IOTA becomes a distributed ledger developed to handle different transactions between connected devices in the IoT ecosystem. In addition, IOTA aims to solve the challenges faced by Bitcoin such as performance and scalability using the Tangle technology. This technology of Tangle acts as a system of nodes wherein each new transaction confirms two previous transactions.

In this MIOTA price analysis and price prediction, we take a look at the performance of MIOTA if it will reach $2. But before that, let us learn more about IOTA (MIOTA) and its current position in the crypto market.

What is IOTA (MIOTA)?

MIOTA is a cryptocurrency network based on blockchain technology. It was founded in 2015 by Sergey Ivancheglo, David Sontesbo, Serguei Popov, and Dominik Schiener.

Furthermore, the IOTA network seeks to play a central role in the coming industrial revolution. Specifically, IOTA plans to enable economic relationships between machines while connecting the human and machine economies.

In terms of its cryptocurrency, the network has its own native cryptocurrency: MIOTA. This cryptocurrency is used to pay all the transaction fees within the network. In addition, MIOTA is also utilized as a reward for all its community participants

IOTA (MIOTA) Current Market Status

As of the time of writing this IOTA price analysis, MIOTA trades at $0.91 with a 24-hour trading volume of $98,589,409. The price of MIOTA has increased by 5.61% in the last 24 hours.

Furthermore, MIOTA has a current circulating supply of 2.78B MIOTA. For traders and investors interested in MIOTA, crypto trades at exchanges such as  Binance, Bitfinex, Kucoin, OKExFTXHuobi Global, and Gate.io. Of course, these are just some of the many exchanges that the crypto is listed at.

Now, let’s proceed to the next part of this MIOTA technical analysis for 2022.

IOTA (MIOTA) Price Analysis 2022

Currently, IOTA holds the 59th place on CoinGecko. But will the latest upgrades, developments, and changes in the MIOTA blockchain help the cryptocurrency price to reach higher? Let’s proceed to the charts in this MIOTA price prediction article.

IOTA/USDT 1Day Chart Showing Keltner Channel Indicator (Source: Tradingview)

Keltner channel is a technical analysis indicator that is used to determine trend directions by measuring the volatility above or below the candlesticks. From the Keltner Channel signals for IOTA/USDT, we can deduce that the price of MIOTA might remain bullish for some days since the price is almost breaking out at the top of the channel. However, in the long-term, the price might get bullish since top cryptocurrencies like Bitcoin and Ethereum are already getting bearish from the recent bullish run.

IOTA/USDT 1Day Chart Showing Williams Alligator Indicator (Source: Tradingview)

William Alligator indicator is a technical analysis tool that uses the smooth changes in three moving averages to deduce trading signals. The blue, red, and green colored curves in the IOTA (MIOTA) chart above represent the jaw, teeth, and lips respectively. Since the jaw is in below the last candlestick in the chart above, the price of IOTA might remain bullish.

IOTA/USDT 1Day Chart Showing 200-MA and 100-MA (Source: Tradingview)

From the chart above, the 200-MA is above the 100-MA which means that long-term investors would gain. However, since the gap between the two moving averages is large and the 100-MA is close to the recent candlesticks, there might be a bearish reversal soon.

IOTA (MIOTA) Price Prediction

The chart below shows that IOTA has performed great over the past few days. Moreover, the MIOTA price over 17.1% in the last 7 days. If this trend continues, MIOTA might run along with the bulls, overtaking its $1.03 resistance1 level and reaching higher to $1.78 at the resistance3 level, the bullish signal for 2022.

IOTA/USDT 1Day Chart Showing the Key Levels (Source: Tradingview)

Conversely, if the investors turn against the crypto, the bears might take over and dethrone MIOTA from its uptrend position. In simpler terms, the price of MIOTA might drop to almost $0.65, a bearish signal.

Meanwhile, our long-term MIOTA price prediction for 2022 is bullish. It has a high possibility of surpassing its current all-time-high (ATH) at about $5.69 according to CoinMarketCap. However, that will only happen if it breaks many previous psychological resistances.

IOTA (MIOTA) Price Prediction 2022

If this bullish trend continues, MIOTA will reach $1.78 by the end of 2022. Moreover, the first half of 2022 is going to show rapid growth, up to $1.22. Then the rise will slow down, but no major falls are expected. With upcoming, partnerships, and developments reaching $2 is quite optimistic in the price point of view but undoubtedly feasible for the near future.

IOTA (MIOTA) Price Prediction 2023

If IOTA holds the support level around 200-MA which is the long-term moving average, buyers will then have ample time and stability to forge the next attack mission on the vital level at $5, making it not plummet but play consistently.

IOTA (MIOTA) Price Prediction 2024

As per the latest upgrades, developments, IOTA price prediction, and new project forecasts of the platform, IOTA investors could expect many partnerships and integrations around 2024. Moreover, this might boost the price of IOTA in the crypto market, and it will be the best investment as the price can spike and reach around $10.

IOTA (MIOTA) Price Prediction 2025

In the next four years, MIOTA prices could race up to $25. However, reaching this level could not be so difficult for MIOTA as additional medium, short-term, and long-term price targets could be found to purchase or sell orders. This indicates that MIOTA has a high possibility of reaching a new ATH soon in the next four years as per the prediction.

IOTA (MIOTA) Price Prediction 2026

In the next five years, MIOTA prices could race up to $60. However, reaching this level could not be so difficult for MIOTA as additional medium, short-term, and long-term price targets could be found to purchase or sell orders. This indicates that MIOTA has a high possibility of reaching a new ATH soon in the next five years as per the prediction.

Conclusion

IOTA has a bright future ahead of it in 2022. With the ongoing developments happening within the MIOTA ecosystem, as well as in the overall crypto market, we may see MIOTA reach new heights.

The bullish MIOTA price prediction for 2022 is $1.78. However, it may even reach $2 if investors have decided that MIOTA is a good investment in 2022, along with mainstream cryptocurrencies like Bitcoin and Ethereum.

FAQ

What is MIOTA?

IOTA (MIOTA) is a cryptocurrency platform that is developer-friendly with massive scalability technology. Consequently, developers can easily access the digital economy anytime at an improved blockchain speed.

How do I get IOTA Crypto?

The IOTA cryptocurrency can be bought, sold and traded on exchanges such as Binance, Kucoin, Gate.io, Bitfinex, Crypto.com, and VCC exchanges to name a few.

Is IOTA a good investment?

IOTA (MIOTA) is one of the promising altcoins this year. If the bullish market continues to favor the crypto, the crypto might have a good future this year.

Can IOTA reach $2?

Yes, it’s very much possible that IOTA might reach $2 in the near future as per the current bullish trend.

What will be the IOTA price by 2022?

IOTA (MIOTA) price is expected to reach $1.78 by 2022.

What will be the IOTA price by 2023?

IOTA (MIOTA) price is expected to reach $5 by 2023.

What will be the IOTA price by 2024?

IOTA (MIOTA) price is expected to reach $10 by 2024.

What will be the IOTA price by 2025?

IOTA (MIOTA) price is expected to reach $25 by 2025.

What will be the IOTA price by 2026?

IOTA (MIOTA) price is expected to reach $60 by 2026.

Disclaimer: The views and opinions expressed in this article are solely the author’s and do not necessarily reflect the views of CoinQuora. No information in this article should be interpreted as investment advice. CoinQuora encourages all users to do their own research before investing in cryptocurrencies.

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