IOTA (MIOTA) is an ambitious digital currency project with many potentials. Unlike other digital currencies, IOTA does not use the blockchain design, rather it stores transaction data in a block-free ledger. This technology helps digital currency eliminate transaction costs and reduce processing time.
The value of the digital currency grew significantly at the end of last year and is set to be one of the best results this year in the digital currency market.
IOTA price today: current MIOTA price
The IOTA (MIOTA) has a higher level of interest
The IOTA triangle (MIOTA) is in great demand. The digital currency project has gained a strong interest in the IoT and the business community. The project has penetrated into different sectors and many companies are demonstrating their interest.
According to David Sontebo – the founder of the IOTA – more than 600 organizations have shown interest in the IOTA. One of the main objectives for the implementation of the IOTA is the automotive industry. IOTA has tightened many strategic partnerships with the best car manufacturers.
The IOTA Foundation is also working to publish comprehensive technical guides and documentation to build a market capable of reforming property values and trust. However, one of the main obstacles to IOTA's global adoption is the lack of third-party integrators. At the moment, any case of use or application of IOTA requires coding. This could be an obstacle for some potential partners.
The IOTA is currently ranked 9th in the list of the main digital currencies based on market capitalization.
Among the top ten digital currencies, IOTA is the only one that's in the green in the last twenty-four hours, and its trading volume over the past twenty-four hours is $ 75.68 million.
IOTA (MIOTA) price forecast for 2019
Most digital currencies tend to follow the trend of Bitcoin – the biggest player, to the point that the value of Ethereum and other digital currencies are strongly influenced by the losses and gains of Bitcoin (BTC) on the market. But IOTA (MIOTA) stands out as a market maker in its single right.
This puts money in a small but influential group of digital currencies that can act as a life preserver for the rest of the market. As a result, IOTA price forecasts show that a rebound of up to $ 5 or more is actually very possible by the end of this year.
Although the digital currency would probably not be able to overcome the resistance to $ 6 and $ 7 dollars without a greater push of the market to push it forward.