17 was a great year for the vast majority of cryptocurrencies, including IOTA. IOTA provided a return on investment of more than 12500% in less than 6 months. However, the question on everyone’s mind is, what does the future look like and what is the IOTA price prediction?
Although it is almost impossible to know the future of any cryptocurrency, today I will share some of the top IOTA price predictions with you. I will cover both short-term and long-term IOTA coin prediction, and I will take you through predictions made using different methods.
So, by the end of this guide, you will know the top IOTA price prediction 2021, and why IOTA could potentially be a good or a bad investment.
Along with taking note of the predictions, you should take the opinion of a financial consultant before making the investment decision.
Table of Contents
- 1. The Bottom Line of IOTA Crypto
- 2. IOTA Price Prediction 2021
- 2.1. Technical Analysis
- 2.2. Experts
- 2.3. Other Sources
- 3. IOTA Price Prediction Long Term
- 3.1. Technical Analysis
- 3.2. Other Sources
- 4. Is IOTA a Good Investment?
- 4.1. Partnerships
- 4.2. Potential of the Internet of Things (IoT)
- 4.3. Technology
- 4.4. Ecosystem
- 5. Why IOTA Could Be a Bad Investment?
- 5.1. Work In Progress
- 5.2. Availability
- 5.3. Competition
- 6. Final Words
The Bottom Line of IOTA Crypto
Before jumping to our list of IOTA price prediction 2021, allow me to briefly explain what the IOTA coin is.
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Created in 2015, IOTA is a cryptocurrency designed for the Internet of Things (IoT). Smart home devices, such as the Amazon Echo or Google Assistant, are one of the most popular examples of IoT.
IoT, put simply, means devices communicating with each other using sensors and the internet. The IOTA coin aims to make communication between these IoT devices more secure and seamless.
IOTA coin is quite unique when you compare it to other cryptocurrencies like Bitcoin and Ethereum. Here is how:
- While most cryptocurrencies use blockchain technology, IOTA uses a new protocol invention called ‘Tangle’.
- Bitcoin and Ethereum face scalability issues due to their low transaction speeds. Well, that’s not the case with IOTA. In fact, the network transaction speed increases as the number of IOTA users increase. Thus, IOTA promises infinite scalability.
- If you have ever performed a Bitcoin transaction, then you would have faced the problem of high transaction fees. Can you guess the transaction fees in the case of IOTA? ZERO! This makes IOTA the first digital currency with zero transaction fees.
These are some of the unique properties that have made IOTA popular among investors. It is currently the 31th most valuable cryptocurrency, with a market capitalization of $1.3 billion.
Now, let’s move on and take a look at the top IOTA price prediction 2021.
IOTA Price Prediction 2021
As you know, the cryptocurrency market can see huge changes in a matter of a few minutes, making it very unpredictable. However, there are some fundamental factors that can influence the prices of any cryptocurrency.
So, in the following sections on IOTA coin prediction, we will look at how different methods use different factors to predict future prices.
Before you start wondering what technical analysis is, let me explain it to you. Technical analysis is performed using a piece of software that predicts the future prices of a cryptocurrency based on just two factors:
- Historical price trends
- Historical volume trends
It does not take into consideration factors such as team, technology, current market scenario, etc. There are several websites that perform technical analysis for IOTA coin prediction. Let’s take a look at some of them.
Walletinvestor.com is one website that has shared an IOTA coin price prediction for 1 year, predicting that the price will be around $0,3.
As you can see in the snapshot below, this prediction indicates that IOTA could give very negative returns in 2021.
There are some industry “experts” whose opinions can have a serious impact on the prices of cryptocurrencies. One of these so-called “experts” is John McAfee, who I’m sure you’d of heard of if you follow the cryptocurrency market regularly.
Unfortunately, IOTA does not sit amongst the favorites for John McAfee, especially after the news of their collaboration with Microsoft. While he has not given an exact IOTA price prediction, he does mention that its growth will slow down to a meager 10% per year.
Another very popular name in the cryptocurrency industry is that of the boy wonder — Vitalik Buterin (Ethereum Founder). He has been quite vocal in his criticism towards IOTA because of the fact that it uses Tangle instead of a blockchain.
He believes that Tangle is not the appropriate technology for cryptocurrencies, as you can see in the image below:
There are some other sources that shared IOTA price prediction 2019 and the following years, based on factors like past trends, team, technological advantages, and market sentiments.
One such website is smartereum.com which 1-year prediction was set at $11 a few years back. They are quite optimistic about the future of IOTA because of the continuous development in the underlying technology of IOTA by its team.
Another source, which regularly comes out with cryptocurrency predictions, is profitconfidential.com. Their IOTA prediction for 2019 stood at $4.98. They have an optimistic outlook for IOTA because it is bringing two sought-after technologies together —the Internet of things and cryptocurrency.
As you can see, both these predictions expected IOTA to give positive returns but predict different amounts. However, none of them were close to the truth as IOTA price dropped significantly in 2019 and is $0.45 in 2021. Based on various sources, IOTA price might slightly drop this year, however, definitely not as significant as back in 2018.
So, these were some of the best sources for IOTA price predictions I could find. You need to take a realistic view when you go through these price predictions though. At the end of the day, nobody really knows what the future looks like.
Now, let's move on to have a look at the IOTA price prediction 2021 and beyond.
IOTA Price Prediction Long Term
It is important to look at the long-term potential of most investments, and the same goes for cryptocurrencies. Only fundamentally solid cryptocurrencies can survive in the market over the long term.
Following are some of the top IOTA price prediction 2021 and beyond.
You already know what is meant by technical analysis, so lets directly get to the IOTA predictions over the long term.
Similar to the IOTA price prediction 2021, Walletinvestor.com also gives a 5-year IOTA price prediction. According to this prediction, the price of IOTA is expected to remain $0.000001. If this prediction is correct, then that provides investors with a huge loss of an investment over the next 5 years.
Tradingbeasts.com is another website which regularly updates IOTA predictions based on the historical data. According to them, the IOTA price prediction 2021 varies between a minimum of $0.73 and a maximum of $1.03.
As you can see, both of these websites seem to have different long-term outlooks for IOTA.
While both of these sources give very different predictions for the long term, they may not necessarily come true. Cryptocurrencies are subject to many factors in the long term, some of which may be out their control, such as government regulations.
There isn’t much information on what the experts think about IOTA over the long term. So, please refer to the IOTA price predictions for 2021 if you are looking for an expert’s opinion.
Smartereum.com also gives an IOTA price prediction for the long term. According to them, the price of IOTA could be around $38 in five years.
Now, this may sound extremely exciting, however, you need to view this from a realistic standpoint. This figure may be possible, but there is an equal chance that this will not happen.
These are some of the top IOTA predictions for the long term. But it is difficult to say whether IOTA is a good investment or a bad investment. However, I will now explain some fundamental aspects which might give you some more clarity regarding IOTA.
Is IOTA a Good Investment?
This is a very difficult question, and not just for IOTA, but for any cryptocurrency in general.
The cryptocurrency market grew from a market capitalization of just $20 billion at the beginning of 2017, to more than $700 billion in January 2018. The market then crashed to around $250 billion in April 2018. This just goes to show how unpredictable this market can be.
So, rather than predicting a price, I think it would be best to share some of the factors which could potentially increase the value of IOTA.
The ultimate goal for any cryptocurrency is to be accepted and utilized for real-world applications. IOTA has already taken steps in this direction.
IOTA has developed partnerships with giant companies like Cisco, Samsung, and Volkswagen, who are all testing its technology. It is also working with the City of Taipei to give Tangle-based ID cards to its citizens.
Potential of the Internet of Things (IoT)
A lot is already happening in the industry of IoT, and it is only expected to grow. B2B spending on IoT technologies, apps and solutions will reach €250B ($267B) by 2021.
So, IOTA coin is basically targeting an industry that has huge potential. If it can develop the perfect product for this industry, then it has a bright future ahead of it.
At a time when blockchain based cryptocurrencies are struggling with issues related to transaction fees and scalability, IOTA has developed a good alternative.
Using Tangle technology, IOTA is designed to be infinitely scalable. Not only that, but IOTA charges Zero transaction fees for transactions taken place on its network. This is something that is unheard of in the cryptocurrency space.
So, one of the reasons why IOTA could increase in value is because it offers a very different but superior technology.
IOTA has been working towards creating a dynamic community around it. They launched the IOTA Ecosystem in February 2018 to accelerate the development of IOTA’s technology and adoption.
Based on these factors, IOTA could have a bright future. However, there are some aspects which could have a negative impact on its future. Let’s take a look at some of them, shall we?
Why IOTA Could Be a Bad Investment?
Work In Progress
Tangle, the technology behind IOTA, is still in its very early stages of development. The team has promised its investors a lot regarding the technology, but we'll have to see whether the team can fulfill them.
Several concerns have already been raised about the Tangle technology, with one of these being that it may not be able to store the order of the transactions properly.
Unless IOTA can overcome these challenges, it will not be ready for mass adoption. This places a shadow over some of the positive IOTA price predictions we talked about earlier.
Unlike other top cryptocurrencies, IOTA is available on only a few cryptocurrency exchanges. It is missing from some of the top cryptocurrency exchanges like Bittrex and Poloniex.
To reach out to the maximum number of investors, IOTA needs to become listed on some of these popular exchanges.
Upcoming cryptocurrencies like IOT Chain, who are using the same technology and targeting the same audience as IOTA, could eventually become a threat to IOTA. So, it is important for you to keep an eye on competition like IOT Chain if you do decide to invest.
The cryptocurrency market is still young and therefore it is hard to see which projects will survive over the long term. It all depends on the value of the technology, as well as the partnerships the project develops. Also, there could be a project being developed right now that is ready to take IOTA's spot. So, you must keep a lookout for strong competition.
Keeping all the above factors in mind, IOTA seems to a good investment option. However, it is impossible to say anything with certainty about its future price.
So, now you know what the top IOTA price prediction is for both the short term and the long term. I have shared IOTA predictions which use different methods to predict the price, such as technical analysis, expert opinions, and other (not so reliable) sources.
You also know some of the reasons why IOTA could be a good or bad investment.
As I have mentioned before, the cryptocurrency market is extremely volatile and therefore you should only invest money that you are not afraid to lose. It is also a good idea to consult a financial expert before you consider investing in IOTA.
So, what do you think about the future of IOTA? Do you think the price will rise or fall? We would love to hear your thoughts, so please let us know in the comments below!