IoTeX (IOTX) Price Prediction 2022, 2023, 2024, 2025: Will IOTX Price Skyrocket To Its ATH?

IoTeX (IOTX) Price Prediction 2022, 2023, 2024, 2025: Will IOTX Price Skyrocket To Its ATH?

The post IoTeX (IOTX) Price Prediction 2022, 2023, 2024, 2025: Will IOTX Price Skyrocket To Its ATH? appeared first on Coinpedia - Fintech & Cryptocurreny News Media| Crypto Guide

The vigorous evolution across the crypto space has triggered several distinct altcoin projects. IoTeX has come up with a unique idea to empower billions of devices and dApps across the digital and real world. The young project looks optimistic about offering unique features.

IoTeX’s (IOTX) price has seen phenomenal growth with swift volatility throughout the past. The platform acts as a grit for machine economics that serves the functionality of machines ranging from smart devices to autonomous motor vehicles. 

Are you keen on investing in IOTX, but obscure of its returns? Look no further, as we decode the feasible IoTeX price prediction for 2022 and the years to come!

Overview

*The statistics are from the time of press.

IoTeX (IOTX) Price Prediction

IOTX Price Prediction For 2022

The IoTeX’s price had commenced the year 2022, on a bearish note, with a price tag of $0.148. As the bears haunted the rally, the price took a plunge took a plunge to $0.0734, by the 22nd of January. While the price of IOTX did portray a comeback that pushed the price to $0.1725, by the 9th of February. 

Torments in the business resulting from anxiety around FED’s rate hike and the tussle between Russia and Ukraine. Dragged the price down to $0.1152, by the 15th of February. Following a short-term spike to $0.149, the price slid down to its support levels at $0.0926. Thereafter, ranging sideways, the trade for the quarter was closed at $0.1238.

IoTeX had a tough run in the second quarter, as the broader crypto fraternity fell prey to bearish trends. Which were resultants of the insolvency of industry-renowned brands. The tremor dragged the altcoin’s price as much as 78% from the peak of the second quarter.  

IoTeX Price Prediction For Q3 

The protocol could script its name at higher levels in the industry. Provided it joins hands with bigger names in the industry and sees growing adoption. With its hold on machine-to-machine interactions and intelligent machines as market participants. It could seek impetus from newer investors, who could help propel the price to $0.0434. 

While a linear price projection with the absence of any catalytic factors could land the price at $0.0372. That said, the network failing to stand true to its expectations could lead to a free-fall to $0.0316. 

IOTX Price Forecast For Q4

Announcements of developmental initiatives and community-building initiatives could supplement the optimistic social volumes. Which could collectively, push the price to its new peak of $0.0574. While negative criticism and sell-offs could clutch the price down to $0.0397. Factoring in the bullish and bearish targets, the average price could settle at $0.0476. 

IoTeX’s Price Forecast For 2023 

If IoTeX price flows with a tide of potential alt season. The price would end up trading at a maximum of $0.0947. With average buying and selling pressures, the price would reach $0.0755. On the contrary, the price would plummet to a minimum of $0.05071 in case of an extremely bearish scenario. 

IoTeX Price Prediction For 2024

Despite the turbulence in the business, according to Into The Block, about 47.08% of addresses are in the money. In contrast to 45.18% addresses being out of money. This is an overwhelming trait for newer investors to explore the altcoin. Moreover, whales still own a huge chunk of IOTX at an astonishing 87.14%. Which gives it resistance against massive downswing. 

Successively, on an optimistic note, the price of IoTeX could propel to its potential high of $0.1526 by the end of 2024. In contrast, lack of mass adoption and depleting industry presence could leave the price at the bottom of $0.0823. Consequently, the average price could land at $0.1143 by the end of 2025. 

IOTX Price Prediction For 2025 

Internet Of Things (IoT) could disrupt wholesome technology in the coming years. With its hopeful events in line, the future seems to be optimistic for IoTeX. As new landmarks are awaited on its way. If the network successfully accomplishes the planned integrations. Then the price may clinch a high of $0.2366 by the end of 2025.

Conversely, if the platform fails to gain the traction of the user base and fails to execute the events as per the schedule. Then it may easily get defeated by its competitors. In such a case the price may drop to a minimum of $0.1313. That being said, considering the aforesaid outcomes, the average price could land at $0.182.  

What Does The Market Say? 

Wallet Investor:

According to the Wallet Investor’s IOTX price prediction. IoTeX’s price might rule the Metaspace and may hit a maximum of $0.0978. That said, the minimum and average price by the end of 2022, could fall at $0.0439 and $0.0711. The analysts from the firm anticipate the price to smash a maximum of $0.141, by the end of 2023. And it’s potential high of $0.237, by the end of 2025. 

Gov. Capital:

Gov. capital has revised its prediction for the IoTeX price, it expects the tokens to hit a maximum of $0.0932. On the contrary, trend reversals in the market would plummet the price to $0.0689. And with average buy and sell pressures it would end up trading at $0.0811 by 2022. 

The website has also made predictions for the long term. It expects the price to surge to a maximum of $0.0445, by the end of 2025. The analysts foresee the possibility of the average and minimum trade values falling at $0.387 and $0.328 respectively. 

Digital Coin Price: 

As per Digital Coin Price, the IOTX price is forecasted to hit a maximum of $0.0510 by 2022. The maximum predictions for 2023 and 2025 are at $0.0572 and $0.0786 respectively.

To read our price prediction of Quant’s (QNT) click here!

What Is IoTeX (IOTX)?

IoTeX has developed a decentralized network whose core goal is to empower real devices. Including fully blockchain-driven cameras from Consumer Electronic Show (CES) and the pebble geo machine. Making it suitable for supply chain optimization in different industries. The network also aims to stand out as a quality, innovative, and trustworthy brand.

The network clutches various mechanisms that guarantee the privacy of traders and transactions.  However, the platform has its own native token called “IOTX”. The utility token could be used to pay for transactions, stake and supervise the platform, and to connect to new devices.

The IoTeX blockchain has a decentralized identity, confidential computing, and secure hardware developed on it. This further connects to autonomous devices such as Pebble, a Ucam real-world oracle. The dedicated team has developed the vital blocks of infrastructures to bridge with ETH, BSC, and Heco blockchains. Like the ioTube bridge and ioPay wallet that benefit thousands of traders. 

Fundamental Analysis 

IoTeX was launched as an open-source project in 2017 by four co-founders Raullen Chai, Qevan Guo, Xinxin, and Jing Sun. The chief co-founder Raullen Chai is currently serving as the CEO of the company. He has accumulated great knowledge as an advisor at BootUP ventures. 

In addition, he had served as a member of the Industrial Distributed Ledger (IDT) at an industrial internet consortium. Also, he was chief of crypto research and development (R&D) and served as engineer security at Uber. Qevan Guo founded Hyperconnect Lab, he had also accumulated knowledge as a research scientist and engineer manager at Facebook.

Another co-founder Xinxin prior to joining hands with IoTeX served as a research engineer at Bosch Research and Technology Center. He gained incredible knowledge as a research associate and project manager at the University of Waterloo. Further, Jing Sun served as a managing partner at Sparkland Capital.

Being the first network to connect physical world data to Dapps, IoTeX includes 100 delegators and is completely decentralized. In addition, every transaction is been practically instantaneous at a reliable cost. The platform aims to prioritize intensive growth of the network by strategically collaborating with partners and enhancing their user-centric tools for hassle-free onboarding to IoTeX. 

CoinPedia’s IOTX Price Prediction

The IoTeX price may reach new milestones in the upcoming days, as the Internet of Things (IoT) aims to revolutionize the internet space. 

According to Coinpedia’s formulated IoTeX price prediction. If the network launches upgrades in order to ensure enhanced interoperability and other features to benefit the traders. The price may easily surpass the $0.05 mark this year.

If the network fails to execute its plan, then the price can flip into a bearish trap and dip to $0.04. Considering everyday trade activities, and the bullish and bearish targets, the price could settle at $0.45. 

Historic Market Sentiments

2019:

• In 2019 the protocol went live on the mainnet to unleash its products in 2020. 
• IOTX price commenced its run by moving in a massive upward trajectory. 
• The altcoin initially claimed $0.066, but drastically fell to the bottom line of $0.00584.  And hovered within the same range throughout the year. 

2020:

• As the project was at its nascent stage of development there hadn’t been any upgrade that caught sight of the user base. 
• However, with mild volatility, the IOTX price hovered between $0.009 to $0.015 throughout the year. 

2021: 

• After extensive correction for two years, the IOTX price commenced a gradual uprise from January 1st. 
• It managed to chug up to a high of $0.066 by May 1st. However, imbalances in the Chinese market depreciated the price to $0.01683. 
• Following two months of correction, the IOTX price saw tremendous bull cycles in the fourth quarter. 
• The digital token surged more than 10X to claim its ATH of $0.2611 on the 13th of November. 
• However, FUD and panic led to the annual closure at $0.124. 

Click here to read our in-depth price prediction of Stellar (XLM)!

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