HomeNewscoinquora.comIoTeX Price Prediction - Will IOTX Price Hit $0.3 in 2021?

IoTeX Price Prediction – Will IOTX Price Hit $0.3 in 2021?

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  • Bullish IoTeX price prediction ranges from $0.1 to $0.19.
  • IoTeX price might also reach $0.3 soon.
  • IoTeX bearish market price prediction for 2021 is $0.043.

This IoTeX (IOTX) Price Prediction 2021 article is based on technical analysis alone. Below, you will see the key measures that we have taken into consideration upon coming up with our IOTX price analysis and prediction.

At the start of the year 2021, it is noticeable that many altcoins have geared up and skyrocketed in their prices. The IoTeX (IOTX) surprises the crypto world with its performance. Today, that crypto has had a growth rate of over 1100% in the past 12 months, a level truly favored by investors.

On the other hand, the crypto market is consolidating lately, and most cryptos are losing their previous gains. Is the IOTX price experiencing the same scenario? We’ll find out shortly in this IOTX price analysis 2021 article. But first, let’s have a look at what IOTX is.

What is IoTeX (IOTX)?

IoTeX is the auto-scalable and privacy-centric blockchain system for the Internet of Things (IoT). Moreover, the IoTeX’s global team consists of Ph.Ds in Distributed Systems, Cryptography, and Machine Learning, top tier engineers, and experienced ecosystem builders.

IoTeX is developing several in-house technologies to push the frontier of blockchain 3.0, including a blockchains-in-blockchain architecture for heterogeneous computing, lightning fast Roll-DPoS consensus mechanism, and lightweight privacy-preserving methodologies. IoTeX brings autonomous device coordination to the masses by combining the physical world, block by block.

Now that we have an idea about IOTX, do you think IOTX will be profitable crypto in 2021? Join me and let us see the charts in this IOTX price analysis and IOTX price prediction.

IoTeX Current Market Status

As of the time of writing this IoTeX price analysis, IOTX trades at $0.08845 with a 24-hour trading volume of $231,898,089. The price of IOTX has increased by 16.7% in the last 24 hours.

Furthermore, the network has a current circulating supply of 9.54B IOTX. Currently, the top cryptocurrency exchanges for IOTX are Binance, Upbit, Huobi Global, BiONE, and HitBTC.

Now, let’s proceed to the next part of this IOTX technical analysis for 2021.

IoTeX Price Analysis 2021

Currently, IoTeX holds 117th place on CoinGecko. But will the latest upgrades, development, and changes in the IOTX blockchain help the cryptocurrency price to reach higher? Let’s proceed to the charts in this IOTX price prediction article.

IOTX USDT chart showing Ascending Scallop pattern
IOTX/USDT chart showing Ascending Scallop pattern (Source: TradingView)

As shown above, at the beginning of this month, IoTeX turned from its bear-to-bull trend. This shows a high trade volume occurred in that period. Moreover, in the daily time frame, IoTeX showed an Ascending Scallop pattern.

This pattern is followed by an uptrend position but in some cases, the pattern can change and move into a downtrend position. More so, in this chart above the pattern took a month for the formation to take place.

The relative strength index (RSI) of IOTX is at a level below 73.15. To explain, the crypto is an overbought state. In this case, traders such as scalp and day traders can trade with confidence without the fear of any major price reversal.

Let us also look at the Simple Moving Average (SMA) and the Exponential Moving Average (EMA) of IOTX.

Since the start of 2021, IOTX’s price has seen many bullish moves which are higher than the previous one. More so, these are followed by consolidation, fluctuations, and corrections right away. Taking this into consideration, IOTX has a competitive market this 2021.

IoTeX (IOTX) Price Prediction 2021

The chart below shows that IoTeX has performed great over the past few days. Moreover, the IOTX price is over 30% in the last 7 days. If this trend continues, IOTX might run along with the bulls, overtaking its $0.19 resistance level and climb higher.

Conversely, if the investors turn against the crypto, the bears might take over and dethrone IOTX from its uptrend position. In simpler terms, the price of IOTX might plummet to almost $0.043, a bearish signal.

Meanwhile, our long-term IOTX price prediction 2021 is bullish. It has a high possibility of surpassing its current all-time-high (ATH) at about $0.148 this year. However, that will only happen if it breaks many previous psychological resistances.

IoTeX (IOTX) Price Prediction 2022

If this bullish trend continues, IOTX will hit $0.35 by the end of 2022. Moreover, the first half of 2022 is going to reveal fast growth, up to $0.4. Then the rise will slow down, but no major falls are expected. With upcoming partnerships and developments happening, reaching $0.35 is quite optimistic in the price point of view but undoubtedly feasible for the near future.

IoTeX (IOTX) Price Prediction 2023

If IOTX holds the support level around 200-MA which is the long-term moving average, buyers will then have ample time and stability to forge the next attack mission on the vital level at $0.5, making it not plummet but play consistently.

IoTeX (IOTX) Price Prediction 2024

As per the latest upgrades, developments, IOTX price prediction, and new project forecasts of the platform, IOTX investors could expect many partnerships and integrations around 2024. Moreover, this might boost the price of IOTX in the crypto market, and it will be the best investment as the price can spike and reach around $0.7.

IoTeX (IOTX) Price Prediction 2025

In the next four years, IOTX prices could race up to $0.85. In addition, reaching this level could not be so difficult for IOTX as additional medium, short-term, and long-term price targets could be found to purchase or sell orders. This indicates that IOTX has a high possibility of reaching a new ATH soon in the next five years as per the prediction.

Conclusion

IoTeX has a bright future ahead in 2021. With the ongoing developments happening within the IOTX ecosystem, as well as in the overall crypto market, we may see IOTX reach new heights.

Bullish IOTX price prediction 2021 is $0.19. However, it may even reach $0.3 if investors have decided that IOTX is a good investment in 2021, along with mainstream cryptocurrencies like Bitcoin and Ethereum.

FAQ

What is IOTX?

IoTeX is the auto-scalable and privacy-centric blockchain platform for the Internet of Things (IoT). IoTeX also has its native digital asset called IOTX coin.

How to Buy IOTX Coins?

Users can obtain IOTX coins by purchasing them from cryptocurrency exchanges such as Huobi Global or Binance.

Will IOTX Surpass its Current ATH?

IOTX is a good investment in 2021. However, IOTX has a high possibility of surpassing its current ATH at about $0.148 this year.

Can IOTX reach $0.3 soon?

Yes, it’s very much possible that IOTX might reach $0.3 in the near future as per the current bullish trend.

What will be the IoTeX price by 2022?

The IoTeX (IOTX) price is expected to reach $0.4 by 2022.

What will be the IoTeX price by 2023?

The IoTeX (IOTX) price is expected to reach $0.5 by 2023.

What will be the IoTeX price by 2024?

The IoTeX (IOTX) price is expected to reach $0.7 by 2024.

What will be the IoTeX price by 2025?

The IoTeX (IOTX) price is expected to reach $0.85 by 2025.

Disclaimer: The views and opinions expressed in this article are solely the author’s and do not necessarily reflect the views of CoinQuora. No information in this article should be interpreted as investment advice. CoinQuora encourages all users to do their own research before investing in cryptocurrencies.

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