IoTeX Price Prediction 2022: Will IOTX Price Skyrocket to $1?

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The vigorous evolution across the crypto space has aroused several distinct altcoin projects. However, IoTeX has come up with a unique idea to empower billions of devices and dApps across the digital and real world. The young project looks optimistic about offering unique features. 

IoTeX (IOTX) price has seen phenomenal growth with swift volatility throughout the year. The platform acts as grit for machine economics that serves the functionality of machines ranging from smart devices in a home to autonomous motor vehicles. 

If you would like to invest in this advanced technology and would like to know in-depth details of the project, then chill out you are at the apt spot! In this article, you will seek a comprehensive guide on basics, fundamentals, and IoTeX price prediction for the short-term as well as long-term. 

Overview: 

What is IoTeX (IOTX)?

IoTeX has developed a decentralized network whose core goal is to empower real devices, including fully blockchain-driven cameras from Consumer Electronic Show (CES) and the pebble geo machine, making it suitable for supply chain optimization in different industries.

The network clutches various mechanisms that guarantee the privacy of traders and transactions.  However, the platform has its own native token called IOTX. The utility token could be used to pay for transactions, to stake and supervise the IoTeX platform, and to connect to new devices.

The IoTeX blockchain has a decentralized identity, confidential computing, and secure hardware developed on it. This further connects to autonomous devices such as Pebble, a Ucam real-world oracle. The dedicated team has developed the vital blocks of infrastructures to bridge with ETH, BSC, and Heco blockchains like ioTube bridge and ioPay wallet that benefit thousands of traders. 

IoTeX Fundamentals: 

IoTeX was launched as an open-source project in 2017 by four co-founders Raullen Chai, Qevan Guo, Xinxin, and Jing Sun. The chief co-founder Raullen Chai currently serving as the CEO of the company. He has accumulated great knowledge as an advisor at BootUP ventures. In addition, he served as a member of  Industrial Distributed Ledger (IDT) at an industrial internet consortium. Also, he was chief of crypto research and development (R&D) and served as engineer security at Uber. 

Qevan Guo was founded Hyperconnect Lab, also he accumulated knowledge as a research scientist and engineer manager at Facebook. Another co-founder Xinxin prior to joining hands with IoTex served as a research engineer at Bosch Research and Technology Center, North America. He gained incredible knowledge as a research associate and project manager at the University of Waterloo. Further, Jing Sun served as a managing partner at Sparkland Capital.

Being the first network to connect physical world data to Dapps, IoTeX includes 100 delegators and is completely decentralized. In addition, every transaction is been practically instantaneous at a reliable cost. The platform aims to prioritize intensive growth of the network by strategically collaborating with partners and enhancing their user-centric tools for hassle-free onboarding to IoTeX. Its core goal is to stand out as a quality, innovative, and best trustworthy brand.

IOTX Price Prediction 2021: 

The IoTeX price has seen phenomenal volatility throughout the year. After extensive correction for two years, the IOTX price has commenced a gradual uprise from January 1st, 2021. It has managed to chug up to a high of $0.066 by May 1st. However, the Chinese market depreciated the price action to initial levels of $0.01683. 

IoTeX Price Prediction Q4: Along with a substantial correction of two months, the IOTX price has seen tremendous bull cycles in the 4th quarter. In the very first cycle, the price surged by more than 10X reaching a new high of $0.099. However, with certain fluctuations, the asset has surged by more than 500% reaching an ATH of $0.2611 on 13th November. Equivalent surge in sell orders heavily plummeted the price back to the initial levels of $0.1024. 

If IoTeX price flows with a tide of potential altseason in the next couple of weeks, the price would end up trading at a maximum of $0.248. With average buy and sell pressure, the price would reach $0.186. On the contrary, the price would plummet to a minimum of $0.1095 in case of an extremely bearish scenario. 

IoTeX Price Prediction 2022: 

If the token breaks positive highs by the year’s end, then 2022 may commence with a value worth of $0.24. In case, if it falls down, then the new year rally may initiate with a bearish note at around $0.1095.

According to the platform’s vision, the network is yet to expand its connection across multiple digital devices. Hence, it would soar up to $0.461, failure in the launch of upgrades and probable bears domination would plummet the price to $0.1654. However, with conventional buying and selling pressures, we can see IoTeX price trading at an average of $0.3252 by the end of next year.

IOTX Price Prediction 2025:

Internet Of Things (IoTs) could disrupt the wholesome technology in the coming years, with its hopeful events in line, the future seems to be  optimistic for IoTeX and new landmarks are awaited on its way. If the network successfully accomplishes the planned integrations, then the price may clinch a high of $0.8 by the end of 2025.

If the platform fails to gain the traction of the user base and fails to execute the events as per the schedule, then it may easily get defeated against its competitors. In such a case the price may drop to a minimum of $0.402. 

IoTeX Coin Market Prediction:

Walletinvestor:

According to the wallet investor, they believe the IoTeX price might rule the Metaspace and may easily hit a maximum of  $0.235. The minimum price is $0.188 and the average price would be $0.211 by the end of 2022. They anticipate that the price may hit the milestone of $0.613, the average IoTeX price is expected to smash $0.507. On a bearish note, the token would plummet to $0.414. 

Gov.Capital:

Gov. capital has revised their prediction for the  IoTeX price, they expect tokens to hit a maximum of $0.1863. On the contrary, they believe, trend reversals in the market would plummet the price to $0.1377. And with average buy and sell pressures it would end up trading at $0.162 by 2022. The website has also made a whopping prediction in the long term, they expect the price to surge maximum of $0.4738. The average and minimum probabilities is being $0.412 & $0.3502 respectively by the end of 2025. 

Our IoTeX Price Prediction:

The IoTeX price may reach new milestones in the upcoming days, as the Internet of Things (IoTs) aims to revolutionize the internet space. 

According to Coinpedia’s formulated IoTeX price prediction, if the network launched upgrades in order to ensure enhanced interoperability and other features to benefit the traders,  the price may easily surpass the $0.188 mark this year.

If the network fails to execute its plan, then the price can flip into a bearish trap and dip to $0.0958. Considering everyday buy and sell pressure and keeping the above factors in mind the average price by the end of 2022 would be around $0.4552.

Historic Market Sentiments:

2019:

Post designing their platform in 2018, they evolved technology and community at a massive pace. In 2019 the protocol went live on mainnet to unleash its products in 2020. IOTX price commenced its run by moving in a massive upward trajectory. The altcoin has initially claimed $0.066, post drastically fell to bottom line $0.00584.  And hovered within the same range through out the year. 

2020:

As the project was at its nascent stage of development there hasn’t been any upgrade that grabbed the traction of the user base. However, with mild volatility, the IOTX price has hovered between $0.009 to $0.015 throughout the year. 

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