Iota Price Analysis: Bearish Trend is going to overcome the Market

Iota Price Analysis:

Iota is different from other coins in the sense that it does not use traditional Blockchain technology. Instead it uses  advance Blockchain technology DAG (directed acyclic graph).The key functions of Iota include free transactions  and payments, solution for scalability and transformation of data in a secure way.

Iota News:

Iota announced its new wallet for Iota tokens:

IOTA announces the full release of Trinity, a secure software wallet for IOTA tokens, developed by the IOTA Foundation. Trinity beta had over $1.8 billion of IOTA transacted and more than 160K downloads to date.

Iota has a very good team behind it and hiring professionals with a passage of time aiming to improve its digital currency. Iota said in a recent tweet that Duncan is going to work for Iota as a project Manager.

Welcome Duncan Main to the IOTA Foundation

Iota Price Statistics:

  • The total market cap of Iota (MIOTA) is $1,108,327,588 USD and 93,483 BTC.
  • The 24 hour volume is $20,983,084 USD and 1,770 BTC.
  • The total circulating supply of Iota (MIOTA) is 2,779,530,283 MIOTA
  • Iota (MIOTA) rank on Coin Market Cap is #18.

Iota (MIOTA) Price:

Currently Iota price is $0.398746 USD and 0.00003363 BTC.

Iota Price Comparison:

Trend is strongly bearish from past few weeks and it will continue like this in next coming few days. Iota was trading hallmark from the day of its launching but bearish trend is winning the race continuously.

Iota Price Prediction:

The price of Iota (MIOTA) is in a weak condition besides its top ranking on Coin Market Cap. A good surge is not occurring and downtrend is powerful. There are strong signals that price value of token is not increasing in coming whole month.

Source: walletinvestor.com

  • The respective support levels are $0.380, $0.375 and $0.368.
  • The respective resistance levels are $0.4037, 0.399 and 0.392.

Conclusion:

It is not a good time to invest in Iota (MIOTA) as its price is going to decrease more.

  • Please feel free to share your prediction what you think where  (MIOTA) token goes. We will consider your point of view and it will motivate us to present you with price analysis of different coins.
  • If you want from us to give a detailed analysis of any coin, please leave a comment in comment box.

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Adeline Gibbs

Adeline Gibbs is a writer and a vital contributor to Tokenhell. She always stay up-to-date with latest happenings in crypto world.

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