What is the IOTA Price Prediction for 2030?

The IOTA coin was one of the most sizzling topics in the crypto market in 2017. In the bull market at that time, IOTA climbed to 4th place among the cryptocurrencies by market capitalization. But in recent months and years, the tide has shifted. The cryptocurrency never regained 2017 prices and fell out of the top 50 most valuable cryptocurrencies by market cap. What is the IOTA price prediction for 2030? Can the IOTA coin become a valuable investment again in the future? Let’s take a look at it.

What is IOTA?

IOTA is an open protocol established on distributed ledger technology. The network makes it possible to exchange data and values free of charge. As a project, IOTA wants to develop the technological basis for the Internet of Things. This involves speedy communication and transactions between machines, vehicles, and devices.

The IOTA network varies from Bitcoin in its basic structure. IOTA utilizes the so-called “tangle” in contrast to the blockchain. This is based on the decentralized acyclic graph (DAG) and is a three-dimensional network that can theoretically offer tremendous decentralization and scalability.

How much can IOTA be worth?

At the time of writing this, the IOTA price was sitting at $0.2917. The IOTA or MIOTA price has witnessed a strong drop again in recent months. With the beginning of the bear market, the cryptocurrency has dropped sharply in price since September 2021. The MIOTA price was able to touch a price of $2 in September 2021. But once again, the price has dropped more sharply.

The bear market only began in November 2021. By then, the MIOTA price was already declining. But since November, this price decline has accelerated more rapidly with the bear market. At the turn of the year, the rate was $1.41. In January 2022, the price had already dropped below $1. We also witnessed heavier losses in May when the MIOTA price dropped below $0.30. 

In June, the IOTA coin price was only 0.25 dollars. The price has dropped more than 85% since the high in September 2021. In the following weeks, the price, like the prices of the other cryptocurrencies, was able to stabilize again to this day.

What is the latest news on IOTA Coin?

In the last few months, we have noticed some positive developments at IOTA again after years of hardships. In 2017 there was huge hype about the potential of the network, but IOTA has not been able to follow through with significant development work in recent years.