Is IOTX coin a good investment? if you’ve been thinking about it this article is for you.
There are so many cryptocurrencies that exist, which makes it challenging to decide which one is worth your investment.
Different cryptocurrency projects spring up daily, offering innovative solutions to everyday challenges.
One of them is IOTX.
IOTX is a cryptocurrency coin powered by the IoteX blockchain, which focuses on the Internet of Things.
I know it’s vague
What is the Internet of Things?
The Internet of Things (IoT) is a system of interrelated devices connected to the Internet to transfer and receive data between each other.
The best example of the Internet of Things is the smart home, where everything is connected to the Internet and can be operated using voice commands or smartphones.
IoteX provides security (in the form of encryption) for Internet of Things devices such as smart kitchen cameras.
Using IoteX to power such devices means the data is safe and not exposed to hackers who might want to steal sensitive information.
Is IOTX Coin A Good Investment Today?
Yes, IOTX is a good investment for the long term because it’s powered by the IoteX blockchain that focuses on providing security and data privacy for the Internet of Things devices.
The demand for IOTX tokens will continue to surge since the token is the currency the IoteX blockchain uses for transactions.
IOTX Coin Tokenomics
You might be wondering what tokenomics means
Tokenomics refers to the economic aspects of a cryptocurrency or blockchain project.
It means the way a cryptocurrency is structured to attract investors and make it viable to those who purchase it.
The part of IOTX Tokenomics we will focus on is the supply and distribution of the token.
IOTX has a maximum supply of 10 billion tokens.
Maximum supply means the maximum number of tokens created no matter what happens.
IOTX has a total supply of 9.4 billion tokens
Total supply refers to the total number of tokens created or mined, including those locked and reserved.
IOTX has a circulating supply of 9.4 billion tokens
Circulating supply refers to the specific amount of cryptocurrency available for purchase.
IOTX Coin Price Prediction 2025 (Based On Real Data)
IOTX coin started with an initial coin offering in February 2018 and was sold for $0.0000125 per token
The project raised $14 million during the initial offering, and the white paper was released in May 2018.
Trading started on May 25th 2018, for $0.0319.
IOTX coin reached an all-time high (ATH) of $0.26 during the bull run of 2021 and an all-time low (ATL) of $0.0001239 in 2020.
If there’s another bull run, what will be the likely price of the IOTX coin?
The percentage increase between the IOTX All time high and all-time low is 20884.7%
At the time of writing this article, IOTX coin is trading at $0.02404. If it moves the same way as the last bull run, the price of IOTX would likely be around $3 to $5
From the IOTX coin prediction above, it seems IOTX is a long-term hold if you intend to get good returns.
Why Invest In IOTX?
IOTX is powered by the IoteX blockchain, which is scalable, and its transactions are very fast.
According to IoteX, its blockchain transactions are completed within five seconds compared to the industry average of 17.9 seconds.
IoteX architecture ensures that its ecosystem can handle a lot of transactions as the transfer of data between Internet of Things devices grows.
Privacy is the primary concern in the Internet of Things industry, and IoteX offers high-level encryption of data and confidential transactions on the blockchain.
Staking And Governance
Iotex native token IOTX plays a vital role because the token is used for operation in the IoteX ecosystem.
IOTX holders can participate in staking and governance, giving them a say in the network’s development.
Pros Of Investing In IOTX
As the demand for secure and effective blockchain solutions like IoteX for Internet of Things devices continues to increase, it will positively affect the value of the IOTX token.
IoteX has a strong team of about 30 top-level engineers, and the number will continue to grow as the ecosystem expands.
The team has demonstrated outstanding commitment to the development of the IoteX ecosystem.
IoteX focuses on the technology of the future, which will bring mass adoption of its ecosystem soon and increase the price of its native token, IOTX.
IoteX has a strong community of enthusiasts committed to the project, which is a positive sign for the project’s long-term viability.
The cryptocurrency market is generally volatile, and the price of the IOTX tokens can fluctuate significantly over time.
But if you intend to keep IOTX for the long term, you don’t need to be worried about market fluctuations, as the long-term return will be worth it.
IOTX is not the only token that powers the Internet of Things industry. There are others like IOTA (not to be confused with IOTX)
Competition can affect the adoption of IOTX.
Cryptocurrencies have been faced with a lot of regulatory risks in recent times, like the China ban that brought significant volatility in the cryptocurrency market.
Regulatory issues can affect IOTX token value, just like the case between Ripple and SEC.
Frequently Asked Questions
What Is The Future Of IOTX
The future looks bright for IOTX tokens due to increased demand for Internet of Things devices for home automation.
The IOTX coin price is also expected to increase due to the mass adoption of the IoteX blockchain.
Will IOTX Reach $1
IOTX will likely get to $1 in 2025 because it’s the year we might witness another bull run like 2017 or 2021.
If IOTX moves like the previous bull runs, its price might skyrocket to around $3 to $5.
What Is IoteX Used For
IoteX is a blockchain platform designed to give security and data privacy to Internet of Things devices.
The key features of the platform involve secure data transfer between Internet of Things devices, making it the ideal technology for home and office automation.