Therefore, our IOTA price prediction estimates a possible low of $0.12, a high of $0.22 and an average price of $0.17 by the end of 2023.Ĭryptoassets are highly volatile and unregulated in most EU countries, Australia and the UK. In a recent announcement, IOTA Co-Founder Dominik Schiener hinted at a potential Cardano partnership.Ĭardano’s market cap is $10.4 billion, so increasing interoperability between the two networks could lead to lots of new liquidity entering the IOTA ecosystem.Ĭonsidering these fundamental and technical factors, IOTA will likely find its bottom in the coming weeks before commencing an upwards trajectory ahead of the Bitcoin halving. There have been several other bullish announcements for the project in the past months too. Shimmer is a staging and validation layer one network developers use to test, experiment and innovate before deploying their decentralised applications (dApps) to the IOTA mainnet. Swiss asset manager SwissOne Capital AG launched a fund focused on IOTA’s “Shimmer” and the IOTA ecosystem in the past month. With this in mind, the IOTA bottom may occur around October 2023, roughly six months before the next Bitcoin halving.ĭespite the recent bearish price action, IOTA’s fundamentals have remained solid. If it were not for that, the bottom would have likely been in around December 2019, six months before the halving. However, this was due to a cascading effect caused by the COVID-19 pandemic. That said, the 2020 IOTA bottom occurred on 9 March 2020, just two months before the Bitcoin halving. With the IOTA price making lower lows and lower highs throughout 2023, it is difficult to predict exactly where the bottom will be. Currently, IOTA is down 96.95% from its ATH, priced at $0.1729.It could not reclaim its ATH in the 2021 bull run, peaking at $2.5142.The price reached an ATH of $5.69 with a $14.12 billion market cap in 2017.IOTA’s ICO launched in 2015, raising $590K.It has continually made lower lows throughout the bear market, as seen on the IOTA price chart below. The price then dumped before briefly recovering to $1.8 but has since fallen further.Ĭurrently, IOTA is trading at $0.1729, a 96.95% decrease from its ATH. ![]() IOTA shot up in February 2021 but disappointed many investors as it failed to reach its ATH, finding resistance at $2.5142. ![]() Over the next two years, IOTA traded under $0.5 until the beginning of the last bull market in Q1 2021. Yet soon after, the price firmly rejected, falling to lows of $0.2131 by December 2018. ![]() At the time, the market cap was $1.17 billion.įollowing this, IOTA entered a parabolic phase, climbing to $5.69 with a $14.12 billion market cap on 19 December 2017. The earliest recorded IOTA price on CoinMarketCap was $0.5923 on 18 June 2017. The ICO raised approximately $590K, selling 1,000,000,000 IOTA coins for $0.00059 each. The project was founded in 2015 and launched an ICO the same year to fund its development.
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