IOTA: On the road to ten dollars?
IOTA
The new IOTA coin has a lot going for it. Backed by major corporations like Microsoft and Samsung. Promising zero fees and instant transactions. IOTA is being pushed as an alternative of the bitcoin blockchain.
The main innovation behind IOTA is the Tangle, a revolutionary new blockless distributed ledger which is scalable, lightweight and for the first time ever makes it possible to transfer value without any fees. Contrary to today’s Blockchains, consensus is no-longer decoupled but instead an intrinsic part of the system, leading to decentralized and self-regulating peer-to-peer network.
[https://iota.org/]
While still in the development process, no external wallet and only processed on a couple of exchanges, binance and bitfinex, it is obvious that there is still a long way to go.
With that in mind it is still no surprise that people are backing it early with huge potential. Having such heavyweights behind it, nobody will be shocked when the knowledge and resources push it into the bitcoin stratosphere. Thats why at around $3 a token I think that it is still a steal. The progress has been steady from $1 to $ in the last week and I expect it to hit $10 before the new year.
With the potential to be a thousand dollar token once the development gets caught up, now is a great time to buy before the value has been taken out of it.
All content written in this article is my opinion only. Any transactions that I make are from my own research and decisions. Trade at your own risk.
since sunday IOTA has been surging greatly. Now with a market cap of $10 billion, it is at 4th place in coinmarketcap. I agree that it wil reach 10$ within few weeks. good post. upvoted and resteemed.
Thanks. I've been watching it myself. Bought in at just over a dollar so very happy with the progress this week. I will be holding as i see a lot of potential in the coin.
you got yorself a good deal. I have been eyeing over IOTA and cardano for over 2 months and feel very bad that i didnt buy them. But it is still a good time to buy them
I think so. I really see the coin heading for a hundred dollars in the next year or two once they get the development worked out. With the companies behind it that they have, IOTA will really be pushing to get a share of the developing market.
@niallon11 did u check it man? market cap increased from $10 Billion to $13 Billion in just 4 hours and now the price is at $4.7... cheers :-)
Just woke up and its sitting on 6 dollars. Thats crazy movement within a short space of time. And no sign of slowing down.
I was lucky enough to buy in early yesterday, definitely happy so far. Currently IOTA is only at
10/358 = 2.8%of the total crypto market cap. Assuming crypto hits 1 Trillion (which many people are clamoring for) the price of a MIOTA would be.028 x 1.000.000.000.000 / 2779530283 = $10.07assuming it doesn't take more market cap from other coins. Not that this analysis means anything, but IOTA still has a huge amount of room for growth.Absolutely. Even looking at it's growth it has been consistently on the up. Each time it has stalled it has been minute with no proper downturns. Each stall just leads into the next level of growth. People have been studying it and decided to put the money in behind.
4th in terms of market cap behind the two bitcoins and ethereum says a lot about the potential.
Will we see mass adoption over Bitcoin in the next year? Maybe, but someone pointed out that inferior technologies tend to last longer on an irrational basis. It's sexy to write about BTC hitting $25,000! Less so about market caps and IOTA hitting $25.
All that aside, eventually the technology will always win out! Good things ahead for IOTA.
Not many people have a couple of hundred bitcoin. For me it's much sexier to see IOTA hit 100 than bitcoin hit 25,000. There is still time for people to get involved here and if IOTA gets its stuff together it should be a match for bitcoin at least!!
I'm only surprised how little hype there is about a highly functional and well backed block chain?
Adoption over bitcoin, doubtful. But mass adoption, most likely.
In my opinion, the relative difficulty in aquiring and storing IOTA is keeping out some players (perhaps even a few whales with the wallet issues). And a complicated technology will always be sluggish in adoption.
If IOTA hits Coinbase, I think it easliy doubles within a month no matter what market cap its at.
I'm surprised to be honest that it is still only available on i think 4 exchanges. As soon as it becomes listed on bittrex and coinbase as you say the opportunies do open up even more. I willl be watching expectantly over the next few months to see if it does grow into it's potential or just fall away.
For anybody thinking of investing heavily the lack of a wallet is massive. If I was throwing thousands into it i would not be happy not being able to have a secure way to store it but i do expect that to be resolved fairly punctually. Especially now that it's popularity is on the rise.
What do you think are the driving factors for IOTA hitting $10 before the new year? Would love to hear your thoughts, thanks!
I think that with the technology they are working with, and the high powered backing that they have IOTA is massively undervalued at $3 a token.
To be fair the price at the moment is all based on speculation but this is a project with many superpowers behind it and we all know that money talks. I would be very surprised is a project backed by Microsoft and many others doesn't do well as they have had a major say in all technological developments in the last 20 years.
The knowledge and resources that they have will enable them to actually live up to the promise and developed a technology to achieve fast and free transfers of money and technology plus all the rest to come.
This is a bet on the future of the blockchain rather than what is here right now.
Totally agree! I especially loved that you think of it as "a bet on the future of the blockchain rather than what is here right now." Thanks for the response
IOTA took off! It has been surging fantastically. I agree with you, in the next few weeks it'll hit $10
The price has jumped 40% only today!
At $10 it will rival Ethereum in market cap. Very fast rise! The backing of major companies along with what the tangle could possibly do seems to be behind it.
In the end the crypto lead dog in my opinion could end up being a crypto token backed by government/s with the same decentralized leanings and limited supply. By "backed" I mean regulations will be attached. If no country steps up then it could be big business which may be something like iota or ripple.
Since each of the top cryptos currently have very big unsolved limitations it's likely we will be seeing different names at the top within the next couple years.
There is regulation coming, that should be obvious to everyone. Where there is this amount of money involved governments will always want to have a cut of it. It's just a matter of how much and when.
Luckily governments are slow and inefficient so this should take a while to catch up to the technology. They are only starting to get to grips with internet piracy now about 20 years later so not that worried yet.
IOTA being backed by big companies should more than likely abide by most of the laws making it more attractive as a legitimate alternative to bitcoin which does have that reputation for illegal activity.
I agree with this line of thought. I also think having IOTA replace Bitcoin would be far less risky for everyone in cryptocurrency. Sure IOTA has tangle and is fee-less, but lets face it - Bitcoin is primarily Chinese mined. That makes me a bit uncomfortable. Who is to say China wouldn't eventually decide to pull the plug on the Bitcoin miners just to create mass hysteria and financial damage world wide? IOTA is not susceptible to such an attack. This is an important FACT.
It all depends on what regulations are brought in i think. The rich companies will all be pushing for strict regulations on the existing and anonymous cryptos leaving a gap for IOTA to take over. Im sure they will have their fingers in when america is drawing up the regulations at least. And america usually leads the way for these type of issues.
I think regulating crypto will be a huge challenge for the world governments. Look at any of the existing data structures - they are all online for you to see. Can you tell me who bought what? Even though the governments would like to think they are in control of this - it truly is beyond their control. In it's present form. Tracking IP's will be useless because secure SSL VPN's can be used to conduct network transactions. This would obscure any IP address and geographical information. A person sitting in Hawaii could appear to be conducting a transaction in Iceland. Unless all the Governments could somehow agree on a uniform regulation - it probably will not happen. I imagine the countries that opt out of such regulation would become the equivalent of "crpto Switzerland".
Nice post man! Thanks for sharing. I used to hold IOTA but offloaded it because the wallet kept losing my balance and needed refreshing constantly. I didn't have much faith in the security of the tangle then.
I'm going to try get back into it if the new wallet is simple enough to use. Also wouldn't hurt to have Ledger support, but like you said, it's very earlier days for IOTA.
Resteemed upvoted and followed
Early stages. All crypto's go through it and like yourself this is all early days. It could go any way yet but I like the signs so far and will be looking to the future with IOTA. I really think in a couple of years time it will be a serious rival in the crypto market.
Agree. I think IOTA has a long future to work through before the real value shows, but it's already promising. Like I say, I'll be getting back in when it's more user friendly. Just so far ahead of its time!
Gods, I hope so! I sold a few of my IOTA's along the way but it keeps rising. Holding the rest until god knows how high! Although if it hits $10 this quickly I will probably take my profits and sell.
Ah dont. Its only 4 dollars now wait until 100 then take a few years off after that.
What's the basis of predicting it goes to $100? That implies a market cap of $250 billion, which is $50 billion more than Bitcoin currently is.
While I think it is possible in the long term, I do not see this as realistic in the short term.
The devs are certainly hyping up this 'Q' release though, saying that it should bring us past Bitcoin Cash in worth. That would mean $10 or so. If it is really big news, then this would be possible. $100, not so much
None. Thats just a throwaway statement with no facts. If it hits 10 i will be fairly happy.
I see IOTA hitting 10USD by the end of this year, with the BTC market cap rising a swell BTC is going to hit 20k usd before Christmas time. Many people think I'm bluffing please take a screen shot of this and repost it when its all correct!
You might be right. If the market keeps moving like this they probably will.