- Bullish IoTeX price forecast lies in the $0.1 – $0.19 range
- Also, IoTeX might rise to $0.3 soon.
- Meanwhile, a bearish forecast sees the crypto at $0.043 at the end of 2021.
In this article, we provide you with a technical IoTeX price analysis for this year. Study the content to understand the measures we took to come up with this price prediction and analysis.
You will not doubt the fact that altcoins have skyrocketed with new highs since we started this year. IoTeX (IOTX) is among the alternative coins that surprised crypto enthusiasts. Today, the token trades more than 1100% over the last year, attracting investors from different regions.
However, the cryptocurrency market has seen price consolidations lately as most tokens lose their previous surges. What about the IOTX condition? Well, let’s find out everything related to this crypto.
What is IOTX (IoTeX)?
IoTeX is a privacy-centric and auto-scalable blockchain network for the IoT (Internet of Things). Also, the IoTeX’s international team comprises expert ecosystem builders, top-notch engineers, and Ph.Ds. in Machine Learning, Cryptography, and Distributed Systems.
IoTeX develops multiple technologies to promote the blockchain3.0, including privacy methodologies, heterogeneous computing, and Roll-DPoS mechanism. IoTeX ensures that individuals access autonomous device coordination.
Now that you know what IOTX is all about, what do you think about the token this year? We will have to analyze the price chart for such an analysis.
IoTeX Market Status
While writing this content, IOTX trades near $0.08845 as its 24-Hr trading volume stands at $231,898,089. The token has had its price increasing by 16.7% since yesterday. Moreover, the network boasts 9.45 Billion IOTX tokens circulating in the market.
2021 Price Analysis
CoinGecko ranks IoTeX 117th for now. The asset’s chart shows that IoTeX shifted from bearishness to bullishness at the start of the month. That depicts increased trade volume at that time. Also, the daily time frame had IoTeX trading in an uphill scallop pattern. Usually, uptrends follow this pattern. But some scenarios see downtrends. The RSI remains in an overbought case as it hovers beneath 73.15-level.
IoTeX appears to have a bright future as far as 2021 is concerned. With the multiple developments taking place, plus the healthy crypto market, IOTX has chances to attain new highs. For now, bulls remain optimistic about the crypto hitting $0.19 before the year ends. However, massive bullish scenarios will see IOTX at $0.3 by next year.
You can share your thoughts below.