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What is IOTA (IOTA)?

IOTA basic info

Name:IOTA
Ticker:
Introduction:

What is IOTA?

IOTA is a well-known distributed ledger founded in 2015. It does not rely on a blockchain to secure and validate transactions. IOTA utilizes a unique system called the Tangle, which is a directed acyclic graph (DAG). This sets it apart from traditional blockchain-based systems. The primary objective of the Tangle is to provide faster transaction speeds and improved scalability, making it particularly well-suited for the rapidly expanding Internet of Things (IoT) ecosystem.

Unlike most blockchain technologies, which often grapple with issues related to transaction fees and scalability due to the involvement of miners, IOTA takes a different approach. Since it operates without miners, it eliminates transaction fees altogether. This characteristic becomes especially valuable in scenarios involving micropayments and high transaction volumes, such as those encountered in IoT applications.

IOTA's overarching aim is to establish itself as the standard platform for IoT transactions. Given the projections indicating that there could be as many as 20.4 billion IoT devices in existence by 2024, the potential market for IOTA is vast.

Resources

Official Documents: https://wiki.iota.org/

Official Website: https://www.iota.org/

How Does IOTA Work?

IOTA's Tangle architecture is fundamentally different from the linear chain of blocks found in traditional blockchains. In the Tangle, each transaction confirms two previous ones. This means that when you make a transaction, a small amount of computational work is required to validate two prior transactions. This system creates a self-regulating and scalable network.

To ensure network security without relying on traditional consensus mechanisms like Proof-of-Work (PoW), IOTA includes a simplified PoW during the transaction validation process. Although not a consensus mechanism in the usual sense, this adds an extra layer of security to the network.

What Is IOTA Token (MIOTA)?

The native cryptocurrency of the IOTA platform is known as MIOTA. Contrary to its name, MIOTA is not a separate entity but simply a denomination used to trade and utilize the IOTA network. Unlike many other cryptocurrencies that serve primarily as a digital asset, MIOTA is intended to facilitate real-time microtransactions without fees, particularly between IoT devices.

Which Factors Affect IOTA Token (MIOTA) Price?

Several factors can influence the price of the IOTA token (MIOTA). First and foremost is the adoption rate of the IOTA network, particularly within the IoT industry. Greater adoption would naturally drive the demand for MIOTA tokens. Other factors include the overall sentiment in the cryptocurrency market, technological advancements or setbacks in the IOTA network, and strategic partnerships, like their existing relationships with Volkswagen and the city of Taipei. Moreover, any security vulnerabilities or concerns can also impact investor sentiment and, consequently, the token price.

IOTA's Impact on Finance

IOTA aims to go beyond just IoT devices and tap into various financial and non-financial applications. Its feeless and scalable structure makes it appealing for international transfers, micropayments, and even tasks like verifying the authenticity of products in a supply chain. With partnerships in the automotive industry and smart city projects, IOTA is positioning itself as a versatile solution that could revolutionize multiple sectors.

The team foresees use-cases ranging from usage-based car insurance to more efficient global trade systems, and even the development of smart cities. As a not-for-profit foundation, IOTA aims to enrich its network rather than generate profit, which could have a profound impact on financial systems and our daily interaction with technology.

Conclusion

IOTA distinguishes itself from traditional blockchain technologies with its innovative Tangle architecture. Designed to be the backbone of the next-generation internet—specifically the Internet of Things—IOTA promises versatile applications and has strong partnerships that could make it a transformative force in both technological and financial landscapes.

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Current price:
All-time high:$5.69
All-time low:$0.07962

IOTA supply and tokenomics

Circulating supply:3,497,433,300 IOTA
Total supply:3,497,433,380 IOTA
Max supply:4,600,000,000 IOTA
Market cap:$370.68M
Fully diluted market cap:$487.53M

Links

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What is the development prospect and future value of IOTA?

The market value of IOTA currently stands at $370.68M, and its market ranking is #140. The value of IOTA is widely recognized by the market. When the bull market comes, the market value of IOTA will likely continue to increase.

Moreover, if IOTA can play a greater role in practical applications, such as IOTA builders fully leveraging the potential of IOTA, partnering with more businesses, and increasing its user base, the long-term value of IOTA will be significantly enhanced.

What will the price of IOTA be in 2025?
Based on IOTA's historical price performance prediction model, the price of IOTA is projected to reach $0.2081 in 2025.
What will the price of IOTA be in 2030?
In 2030, the IOTA price is expected to change by -15.00%. By the end of 2030, the IOTA price is projected to reach $0.2198, with a cumulative ROI of +98.68%.
Reminder: Just like all cryptocurrency investments, investors must closely monitor the market performance of IOTA and be aware of the associated risks. The world of cryptocurrencies is full of uncertainties, so thorough research and preparation are essential.

Is IOTA worth investing or holding? How to buy IOTA from a crypto exchange?

If you want to buy IOTA, the following information may be helpful for your investment decisions:
In the last 7 days, the price of IOTA has fallen by -4.40%, leading to negative returns for most IOTA investors. The market is currently pessimistic about the price trend of IOTA.
It is important to note that the current price of IOTA has retreated by -98.14% from its all-time high. This coin is currently considered high-risk, and while its price may rebound in the future, there is significant uncertainty.
Additionally, it's important to understand that each coin has its own optimal times for buying and selling. The optimal time to invest is dynamic: when a coin is undervalued, it's wise to adopt a buying strategy; when it becomes overvalued, you should decisively sell the coin.
To decide whether IOTA is worth investing in, you need to consider various market factors such as the overall trend of the cryptocurrency market, the project's fundamentals, its current market valuation, and whether the current price is suitable for buying. If the project's fundamentals suddenly change or the price becomes excessively high, you should adjust your investment strategy and trading operations accordingly.
Your investment decisions should be based on your own risk tolerance, financial status, market analysis and research, especially the timing of your investments. Correct timing can ensure more reliable returns. Keep in mind that investing in IOTA or any cryptocurrency comes with certain risks and uncertainties.
Regardless of your outlook on the development prospects and future trends of IOTA, if you want to buy or sell IOTA, you can consider Bitget for your trading needs. The best place to buy IOTA is an exchange that offers hassle-free and secure transactions, combined with a user-friendly interface and high liquidity. Every day, millions of users choose Bitget as their trusted platform for crypto purchases.
Investing in IOTA has never been easier. Simply sign up on Bitget, complete the identity verification process, and make payments using bank transfers, debit cards, or credit cards, all while ensuring security through crypto wallets. This is a widely adopted method to buy IOTA. Here's a step-by-step guide on how to buy IOTA on Bitget.

How to get IOTA through other methods?

Using cash to buy IOTA is not the only way to obtain IOTA. If you have the time to spare, you can get IOTA for free.
Learn how to earn IOTA for free through the Learn2Earn promotion.
Earn free IOTA by inviting friends to join Bitget's Assist2Earn promotion.
Receive free IOTA airdrops by joining ongoing challenges and promotions.
All crypto airdrops and rewards can be converted to IOTA through Bitget Convert, Bitget Swap, or spot trading.

What is IOTA used for and how to use IOTA?

The use case of IOTA may expand as the crypto market and the project itself develop. Currently, you can use IOTA to achieve the following goals:
Arbitrage by trading IOTA: Since IOTA is a frequently traded cryptocurrency, the price of IOTA is always fluctuating. Earn more IOTA by buying low and selling high on the exchange. Bitget spot market provides a variety of IOTA trading pairs to fully meet your needs.
Earn by staking IOTA: You can also generate income through financial management methods such as staking IOTA or lending IOTA. Bitget Earn offers a variety of financial products designed to help you earn more income from your IOTA.
Send or pay IOTA: If you want to give IOTA to your friends, a charity, or a fundraiser, or you want to pay someone with IOTA, you can quickly and easily send IOTA to the recipient through their payment address.
You can also go to the official website of the IOTA project to learn more about the use cases of IOTA. For example, find out if the project supports the use of within its community or ecology, or if the project allows you to purchase physical or virtual products in .

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