What is IoTeX (IOTX) – The Coin For The Machine Economy?
IoTeX is the privacy-centric and decentralized blockchain network that’s pushing the narrative of individual data control and democratization, device automation, and integration of the digital network, metaverse, and the physical world. They’re building a system that allows the interaction of machines and market participants while developing easier and faster methods for privacy preservation and front-running the advent of blockchain 3.0.
IOTX (Internet Of Things) is the native token of the IoTeX network that was created on the idea of data security and control. One of the many issues of the internet is that tracking of information is rampant, which many individuals consider to be a breach of their privacy and control. IOTX is set to serve as a platform that provides the users a control over the inflow and outflow of data from their devices. This signifies that they’re allowed to control what happens to their personal information while capitalizing on it.
The team behind the creation of this technology is highly skilled and versatile in machine and intelligent learning, distributed systems, device automation, and engineering. It was founded by Raullen Chai, Qevan Guo, Xinxin Fan, and Jing Sun. This is to prove that although the mechanisms of the token operation are complex, the Roll Delegated Proof-of-Stake (DPoS) consensus mechanism used by tokens like IOTA, VET, HNT, etc; that the team is experienced to handle the protocol.
Presently, the top cryptocurrency exchanges for IOTX are Binance, Upbit, Xtheta Global, Lbank, Huobi Global, Kucoin, HBTC, and Mexc.
Is IoTex a Good Investment?
For most traditional investors, having a 20 per cent annual return on investment marks a good year. In 2022, I expect the prices of IoTex to have a 139 per cent return on investment. Between 2023 and 2025, I also expect the prices to have a return on investment of about 23 per cent per annum. Between 2025 and 2030, I expect the prices to rise to over $100. Looking at these figures, my analysis shows that IoTex is a good investment for long-term investors. The cryptocurrency investment will outperform almost all traditional markets between now and 2030.
IOTX Price Prediction 2022
The IoTeX value will increase because of the efforts of the network developers and community investors. Therefore, the calculated price for the year 2022 is bullish. IOTX was anticipated to touch a maximum price level of $0.032 by the end of 2022, according to analysts. On the other hand, it is highly optimistic that the IoTeX’s future will ultimately grow. Therefore, the predicted average price of IOTX will be around $0.029 to $0.030 is expected in 2022 depending on the market. As stated in the same slogan, the IOTX’s maximum price ranges from $0.029 to $0.032 for 2022.
IOTX Price Prediction 2023
IoTeX price is forecast to reach a lowest possible level of $0.033 in 2023. As per our findings, the IOTX price could reach a maximum possible level of $0.041 with the average forecast price of $0.034.
IOTX Price Prediction 2024
There are signs that the crypto market is about to enter a new age. Certain that the long-term price prediction for IOTX’s price will soar since there is still optimism that the currency will attract much more attention. The year 2024 can end with an average price of $0.064 and a minimum price value of $0.062. The maximum price is expected to be trading around $0.072.
IOTX Price Prediction 2025
The price of IoTeX is predicted to reach at a minimum level of $0.070 in 2025. The IoTeX price can reach a maximum level of $0.087 with the average price of $0.072 throughout 2025.
IOTX Price Prediction 2026
It appears that by 2026,IoTeX (IOTX) prices will have reached a level similar to their previous all-time high.By 2026, We may expect an average price of $0.14. If everything goes smoothly, we predicted the maximum price of IoTeX could be up to $0.15 in 2026. Of course, there are chances that the market will dump after a long bull run and It is normal for cryptocurrency market.
IOTX Price Prediction 2027
According to our deep technical analysis on past price data of IOTX, In 2027 the price of IoTeX is predicted to reach at a minimum level of $0.15. The IOTX price can reach a maximum level of $0.17 with the average trading price of $0.15.
IOTX Price Prediction 2028
A seamless approach to this currency may be found on many websites and forums. In the opinion of this prediction platform, IoTeX will steady at its current price for a very long time to come. By 2028, the IOTX is expected to be worth a maximum value of $0.33. The minimum price can go up to $0.28 if the market gets bullish.
IOTX Price Forecast 2029
The price of IoTeX is predicted to reach at a minimum value of $0.30 in 2029. The IoTeX price could reach a maximum value of $0.35 with the average trading price of $0.31 throughout 2029.
IoTex came along as a solution to an assumed problem, The assumption that companies and government organizations are now processing huge volumes of data streaming to and from our gadgets for their own gain and interest.
IoTeX aims to provide consumers more choice over the data they share with these organizations, as well as the ability to monetize that data if and when they choose to do so. In a bullish situation, the IOTX price prediction is set around $0.2 to $0.3 with a probability of hitting $0.5. In 2021, there is a rather pessimistic market price projection for the IoTx, we predict that the price may rise steadily but sluggishly to $0.15. If you trade crypto assets, particularly altcoins, it is important to remember that these are extremely volatile financial assets. This indicates that although the upward potential is considerable, the downside risk is also substantial.
Because the IOTX price action can change direction quickly, make sure you’re only dealing with money you can afford to lose. Apart from the competition, it will likely face from other powerhouses in the crypto market, IoTeX’s prospects are gloomy due to the slow development of IoT technology.
But would credit the gain in token value, like 99 percent of tokens on the crypto market, to a smart marketing approach rather than prospects and genuine community interest. IoTeX is the first IoT blockchain that provides privacy. This makes it stand out among others and offers it a unique selling point. Another unique feature is that it has many side chains for each option and a governance chain that oversees all side chains and the ecosystem in general. With the previous success of IOT blockchains, and IoTex giving a futuristic solution for scalability and improved efficiency, this project will have an added benefit in the long term.
Note: cryptootime collates Predictions and data from all over the net and has no in-house view on the likely trends in the Stocks or Crypto Coins. Please consult a registered investment advisor to guide you on your financial decisions.