IOTA has recently released its decentralized oracle which will enable decentralized applications to receive and verify off-chain data. It may happen that IOTA oracles may now become rival to other oracle platforms like Chainlink
The IOTA Foundation has announced that they will be launching Firefly, its new wallet by the end of the year. It will come with features like reusable addresses, profiles, etc and enhance the network performance.
And the alpha version of the same will be released this month replacing the infamous Trinity wallet.
IOTA has secured a lot of partnerships in several industries, including the automobile industry, the manufacturing industry, and the insurance industry. All the developments and partnerships of the coin might pay off pretty soon, and the coin's value might fly to the moon.
MIOTA Price for today is $1.43 with a 0.44% decrease in value over a day. Its current circulating supply is MIOTA 2,779,530,283 with a market cap of $3,980,763,662.
MARKET PREDICTION FOR IOTA PRICE
As the market is pretty volatile, predicting the price of any cryptocurrency would not be an easy task, that too for the 24th largest cryptocurrencies in the world. But the investors are pretty optimistic about this cryptocurrency. Let's have a look at the forecasts given by some of the investors or the websites, as per IOTA news (MIOTA news):
#1 Mega Crypto Price
This crypto prediction website predicts that by 2020, IOTA might reach $2.37 and by 2023 IOTA can go up to $4.88.
#2 Long Forecast
Long Forecast predicted that by 2020, it is expected that the coin may be valued between $0.52-$0.60. Even Long Forecast forecasts that IOTA might get devalued by 2020. This forecast is not only conservative but too bearish.
#3 Smartereum
Smartereum predicts that IOTA might reach around $38 by the end of five years. This indicates that they believe that IOTA might increase threefold in five years.
#4 Digital Coin Price
Digital Coin Price predicts that by 2020, it might go up to $0.60 and has the greatest possibility of reaching $1.22 by 2025 according to this website. This is again a pessimistic bearish forecast.
#5 Trading Beasts
Tradingbeasts.com is a website that regularly updates IOTA predictions based on historical data. According to them, the IOTA price prediction 2020 varies between a minimum of $7.06 and a maximum of $10.38.
#6 Crypto Ground
Crypto Ground believes that IOTA might reach surge upwards and reach $5.627 by 2023.