More impressively, IOTA has made significant inroads in one sector that has traditionally been very resistant to cryptocurrency technology – government. The International Transportation Innovation Center has partnered up with IOTA to look at using IOTA’s Tangle technology for communication between driverless cars, for example. IOTA has also attracted attention from other cutting-edge sectors looking to use their algorithm to push the limits of technological possibility. Though Microsoft’s involvement in the project was slightly exaggerated by both mainstream and crypto media, the project has a number of other high-profile participants such as PricewaterhouseCoopers, Bosch and Deutsche Telekom. Might Also Like: Top 9 Bitcoin Trading Bots in 2018įirst of those is an experimental digital data marketplace that has seen some big names in the tech world trying out the platform. Over the last several months, IOTA has stood out from many of its competitors by securing a number of very promising partnerships, all of which are designed to lead to real-world applications for the protocol and the IOTA tokens used to transact on it. While speculation tends to be behind a large portion of the shifts in the cryptocurrency markets, especially for the newer entrants like IOTA, a cryptocurrency’s value is ultimately derived from how successful its real-world applications are. Related: Top 3 Ethereum Project Price Predictions for 2018Īs such, our IOTA price predictions show that a rebound back to the $5.00 mark or beyond is very likely in mid-2018, though IOTA would probably not break $6.00 or $7.00 without a larger market-wide boost to push it along. In December of 2017, it actually had its big breakthrough, growing tenfold in value, well ahead of the big rise in Bitcoin and the rest of the market.Ĭheck Out Our Top 4 Bitcoin Price Predictions for 2018 Against this background, IOTA stands out as a market-maker in its own right. The rest of the cryptocurrency market tends to follow the trends set by its biggest players – Bitcoin and, to some extent, Ethereum, with the performance of other currencies, often judged by how much they gain or lose against these big market makers. What Are the IOTA Price Predictions for 2018? Market Leader, Not Follower Here are some of our IOTA price predictions for 2018 and the reasoning behind them. IOTA coin price saw strong growth at the end of last year, and it is set to be one of this year’s strong performers on the crypto market as well.

While the IOTA developers’ initial focus has been on device-to-device microtransactions, the unique advantages of its protocol have also attracted attention for their traditional cryptocurrency uses as well. This technology gives it significant advantages by reducing processing times and eliminating transaction fees. Unlike most other cryptocurrencies, it does not use the blockchain design, instead storing transaction data in a blockless distributed ledger. IOTA is a very ambitious cryptocurrency project.

Iota coin predictions