IOTX is one of the most promising cryptocurrencies in the market. The cryptocurrency is based on blockchain technology. And aims to connect all devices connected to the internet.
IoTX developers and companies use the IoTeX coin for carrying out transactions. Moreover, the IoTX token has many other uses in real-life scenarios, such as medical records management and smart city planning.
In this article, you will get to know some important details about IoTeX. And along with that, you will also get to see the IoTeX coin price prediction for the upcoming years. So, read on.
What is IoTeX?
IoTeX is a privacy-centric blockchain platform for the Internet of Things (IoT). It is built to solve current blockchains’ scalability, privacy, and interoperability issues. The IoTeX platform consists of various proprietary technologies. Including the Roll-DPoS consensus mechanism, sharding, and subchains.
IoTeX is a blockchain-based IoT network. The project aims to be the next generation of IOT by integrating blockchain technology into devices and machines.
IoTeX has been characterized as an “Internet of Things” or “IoT” platform. It allows developers to build applications on top of its decentralized network. The network can also be used for device management, data analysis, and communication between smart devices in the real world.
The IoTeX token will be used as a utility token within the ecosystem; it will increase in value if more people join this ecosystem. The more users there are on their platform, the more valuable crypto tokens become. Users who hold IoTeX tokens can use them to pay for services like storage space or bandwidth within IoTeX’s platform. This makes your investment highly secure!
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Benefits of IoTeX
IoTeX is a blockchain platform designed for the Internet of Things (IoT). It’s also a non-profit foundation, which means that it doesn’t have any financial interests. The IoTeX network uses sharding to increase transaction throughput. And it reduces latency for large and small blockchains.
Besides being fast, the network will provide privacy protection for users. It does that by using zkSNARKs technology to hide user identities.
The benefits of using this system include the following:
- Scalability. The current Ethereum blockchain can only handle 15 transactions per second at its maximum capacity. In contrast, IoTeX aims to process tens of thousands of transactions each second with sharding technology.
- Interoperability. The problem with many new blockchains is that they’re not compatible with other systems. Because they use different protocols or architectures, however, IoTX will be able to interact with others through cross-chain technology.
- Privacy Protection. Using zkSNARKs on Ethereum means that users’ information will be hidden from everyone except those who need access. This protects sensitive data while still allowing organizations. Organizations like banks or governments access if required by law enforcement agencies such as the IRS or FBI.
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Why is IoTeX Used?
IoTeX is a privacy-centric blockchain platform for the Internet of Things (IoT). The team behind IoTeX aims to solve some of the most pressing problems in the industry: scalability and privacy.
When it comes to scalability, many blockchains suffer from slow transactions. This is due to their low transaction throughput abilities. For example, Bitcoin can only process about seven transactions per second (TPS). Ethereum does slightly better with 15 TPS. But still falls short compared with centralized payment systems like Visa and PayPal.
In terms of privacy, most cryptocurrencies have one common problem. If you know someone’s public address, you also know where they send money. Because all transactions on blockchains are public and traceable by anyone who wants to look at them, this means that an attacker could somehow gain access to your private key. Or find your public address through another means, such as social engineering; they could see where all those funds are going!
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Technical Analysis of the Price Movement of IoTeX
The price of IoTeX (IOTX) in February 2018 was $0.01 per coin. And in November 2021, the IoTeX price reached an all-time high at $0.2611.
The value of IOTX is influenced by its utility as a service token within several projects. They aim to create decentralized platforms based on blockchain technology. These include IoT Chain (ITC), Orchid Protocol (ORC), Open Garden (OGT), Qtum ($QTUM), Trinity Protocol ($TNC), and Theta Exchange ($THETA).
What Are the Experts Predicting About IoTeX Price 2025?
IOTX is one of the most promising cryptocurrencies at this time. The experts at WalletInvestor have stated that the price of IoTeX will reach $0.488 in 2027. They have also mentioned that investing $100 right now can reach up to $659.46 in 2027.
According to the experts of DigitalCoinPrice, the IoTeX coin price prediction for 2025 is $0.18. CryptoGround has stated that in 2027 the price of IoTeX will be around $0.3364. Trading Beasts has forecasted the IoTeX price prediction for 2023.
And they said its maximum and minimum prices would be $0.1286750 and $0.0874990, respectively. Price Prediction has also predicted the IoTeX coin price, and they said it will reach a minimum of $0.29 in 2025.
And at maximum, it can reach $0.35. The IoTeX coin price prediction given by Gov Capital for the year 2023 is $0.14372816175516. The minimum value of IoTeX, as predicted by ICOcreed, is $1.47 in 2030. And the maximum value can be $1.74 in 2030.
IoTeX Price Prediction 2023
IoTeX price prediction 2023 is $0.11. The maximum it can go is $0.71, and the lowest will be $0.14. We have predicted that, on average, the price will be $0.48 in 2023.
IoTeX Price Prediction 2024
IoTeX was released in 2019, so there is no point in predicting 2020 or 2021. However, it has a bright future ahead of it and will probably continue to rise from here on out. In fact, it’s likely that by 2024 IoTeX price prediction will be much higher than it is today!
Some experts say that by 2023-2024 prices could reach as high as $0.93 per token. On average, it can be $0.60 by the end of 2024. The lowest it can go is $0.34.
IoTeX Price Prediction 2025
IoTeX is a blockchain-based platform designed to be suitable for IoT devices. While the team is still working on finalizing its beta version, they have released an alpha version of the blockchain. And are currently testing it with partners.
The IoTeX coin price prediction for 2025 will be a median of $0.78. The top price of IoTeX for 2025 can be $1.26, whereas its low price will be $0.45. But by the end of 2025, the price of IoTeX can reach $0.96 with a median of 198.73%.
IoTeX Price Prediction 2026
The IOTX token was among the top 10 biggest gainers in 2019, increasing by almost 400%. Partnerships drove this growth with other leading blockchain companies. As well as its rebranding from IoT Chain (ITC) to IoTeX. IoTeX will likely continue seeing strong growth due to its impressive technology roadmap.
For 2026, the IoTeX price prediction is said to be $1.66 at the maximum. And at a minimum, it can go around $0.91. The average IoTeX coin price prediction for the year 2026 is said to be between $1.00 and $1.10.
IoTeX Price Prediction 2027
IoTeX is designed with all transactions processed through smart contracts on the blockchain. Transactions in IoTeX are carried out using digital tokens called IoTeX tokens (IOTX).
The value of this cryptocurrency has been increasing since its launch in early 2019. It reached high levels around late 2019 and dropped back down later in 2020. It picked up again towards the end of 2021 and has continued to grow over time, with predictions suggesting it could reach $1.77 in 2027.
In 2027, the lowest price of IoTeX, according to prediction, can be $1.02. On average, it can be $1.55. And the highest the price can reach is $1.98.
IoTeX Price Prediction 2028
In the prediction period of 2028, IoTeX will be the leading blockchain platform in the IoT industry. The team of IoTeX worked hard to provide users with a secure and highly-scalable infrastructure for DAPPS.
It is predicted that in 2028 IoTeX will hit $1.90 on average. The maximum it can reach is $2.13, and the minimum will be $1.21. By the end of 2028, the IoTeX price prediction is said to reach $1.87.
IoTeX Price Prediction 2029
IoTeX (IOTX) is one of the most promising projects in the blockchain space and has a lot of potential. The project aims to solve all the problems in the crypto world. And it also aims at building an ecosystem where dApps can run securely on a decentralized network.
In 2029, the minimum and maximum of IoTeX will be $1.49 and $2.35, respectively. The average price of IoTeX in 2029 is forecasted to be $2.00.
IoTeX Price Prediction 2030
By 2030, IoTeX (IOTX) will be a top-10 cryptocurrency. Its value might be around $2.40 per coin, but it could go as high as $2.68 or more. The lowest the price can go is $1.99. And on average, it will be between $2.45 and $2.50.
The total supply of IOTX will only grow more extensively in the future due to inflation. That means that if you buy today, your investment in this coin will be worth much more in future years than today because there will be even fewer coins available for purchase than there are now (or maybe even zero).
Frequently Asked Questions (FAQs)
What is the current price of IoTeX?
As of the latest data, the current price of IoTeX is $0.20 per token. Please note that cryptocurrency prices are highly volatile and can change rapidly.
How can I purchase IoTeX coins?
You can purchase IoTeX coins on various cryptocurrency exchanges such as Binance, Huobi, and KuCoin. Ensure that you choose a reputable and secure exchange platform to buy IoTeX tokens.
Is IoTeX a good investment for the long term?
Investing in cryptocurrencies involves risks, and it is essential to conduct thorough research before making any investment decisions. While IoTeX shows promising potential, it is crucial to consider factors such as market volatility, project development, and your own risk tolerance before investing in IoTeX for the long term.
Can IoTeX reach $1 in 2025?
The price of IoTeX reaching $1 in 2025 is within the realm of possibility, considering the platform’s growth potential and the overall market conditions. However, it is important to note that cryptocurrency price predictions are speculative, and it is challenging to accurately forecast future prices.
What is the total supply of IoTeX tokens?
The total supply of IoTeX tokens is 10 billion. It’s important to consider the tokenomics and distribution model when evaluating the potential price of IoTeX in the future.
Is IoTeX’s technology scalable?
IoTeX utilizes a combination of technologies, including Roll-DPoS consensus and cross-chain interoperability, to ensure scalability. The platform has a roadmap for further scalability improvements, which makes it well-suited for handling a growing number of IoT devices and applications.
We believe that IoTeX will be the token of choice for the Internet of Things (IoT). It is a good investment opportunity for investors looking to capitalize on this market. IoTeX’s future value will depend mainly on its ability to implement the many layers of technology they are planning.
With the increasing popularity of IoT and connected devices, the demand for IoTeX will surely rise along with it.
The IoTeX platform is a blockchain-based network. It is devoted to establishing an Internet of Things (IoT) ecosystem. The platform also has an underlying native token called IOTX. It can be used to facilitate all transactions within the IoTeX network. And reward the developers who contribute to the development of the IoTeX project.
IoTeX is an ambitious project that aims to use blockchain technology to solve problems in today’s IoT industry. IoTeX’s ecosystem comprises three key components. A privacy-centric blockchain, an interoperable communication layer, and a hierarchical incentive scheme for developers.
As per the current trend and as per our IoTeX coin price prediction, it looks like IoTeX will not go down in value for some time. It also seems unlikely that IoTeX will gain significantly more value soon since none of the projects on its network has launched yet.