The coin of IoTeX, IOTX, is the blockchain that focuses on the Internet of Things, has surged 27% to $0.1084.
This has taken it back near the levels before the mini crypto quake in January, which saw $1trn wiped off coin values across the market.
Three months earlier, it was at an all-time high of $0.261, although it has now lost 57% of that value. However, as DeFi Llama explains, DeFi activity on the IoTeX platform is currently at an all-time high with a total value locked in of $250m compared to $22.5m at the start of 2022.
Blockchains and smart contracts seem well suited for the Internet of Things (IoT), connecting remote sensors and devices that sometimes collect and exchange data for micropayments.
Processing the data and logging and collecting payments is one of the key aims of the blockchain of IoTeX.
IoTeX wants to be the leading blockchain powering this emerging ecosystem by providing the infrastructure needed to process the vast amount of data that will flow through IoT devices.
According to data from market research firm Statista, the IoT could be worth more than $1.5trn by the end of 2025. The focus could be on products, services, operating systems, and protocols designed to support this industry segment.
Market Expert’s IoTeX Price Prediction:
Here are few market experts predictions on IoTeX Price
The walletinvestor believes the IoTeX price might rule the Metaspace and may easily hit a maximum of $0.2097. The minimum price is $0.164 and the average price would be $0.187 by the end of 2022. They expect the price to hit the milestone of $0.645; the average IoTeX price is expected to smash $0.527. On a bearish note, the token would plummet to $0.418.
Gov. capital has changed their prediction for the IoTeX price; they predict tokens to hit a maximum of $0.1633. On the other hand, they think trend reversals in the market would plummet the price to $0.1207. And with average buy and sell pressures, it would end up trading at $0.147 by 2022. The website has also made a whopping forecast in the long term; they expect the price to surge maximum of $0.5186. The average and minimum probabilities is being $0.451 & $0.3833 respectively by the end of 2025.
As per Digitalcoinprice, the WRX price is forecasted to hit a maximum of $0.10427 by 2022. The predictions for 2023 and 2025 are $0.12514 and $0.16137 respectively.
Price Prediction IOTX 2022
As per the Price Prediction, in 2022, the IOTX price is predicted to go above an average price level of $0.18; the expected minimum price value of IoTeX by the end of the current year should be $0.17. IOTX can reach a maximum price level of $0.19.
Price Prediction IOTX 2023
As per the Price Prediction, in 2023, the IOTX price is expected to go above an average price level of $0.25; the foreseen minimum price value of IoTeX by the end of the current year should be $0.24. IOTX can reach a maximum price level of $0.29.
Price Prediction IOTX 2030
As per the Price Prediction, in 2030, the IOTX price is expected to go above an average price level of $3.81; the expected minimum price value of IoTeX by the end of the current year should be $3.68. IOTX can reach a maximum price level of $4.37.
What Will The Worth Of IoTeX Be In The Future?
Various forecasting services, including WalletInvestor, Gov Capital, and TradingBeasts, provide multiple price targets for IoTeX crypto. All of the forecasts and opinions shared above are drawn upon considering the latest price action and trend of the IOTX token.
However, many variables could influence the actual performance of this cryptocurrency in the future, and results could differ significantly from these predictions. Therefore, none of these opinions should be recommended to buy or sell IOTX.
It is essential to do your research before using your money in Cryptocurrency.