IOTA price had reached as high as $0.30 on 5-Aug-19 at 11:55 UTC. However, post the said date, the IOTA coin slowly started to decline downwards. The movement of the coin over the last week has been at the same pace. On 10-Aug-19, it did manage to rise upwards despite the fall of the previous day with the price being $0.2648 at 09:05 UTC.
Current Statistics of the IOTA:
- As per 08:57 UTC today, the market cap of the coin was 723,869,084 USD.
- IOTA price is trading at $0.2604 at 08:57 UTC.
- 24-hour volume is $8,103,299.
- 2,779,530,283 MIOTA coins continue are in circulation.
- The coin offers an ROI of -59.26%.
IOTA Price Prediction & Conclusion:
If we compare the performance of the coin since the beginning of last week when it had reached $0.30 and the present price, IOTA price indicates a bearish run by 13%. We anticipate that IOTA may continue to fall and may reach around its next support levels $0.2565 & $0.2521 respectively.
IOTA has bounced back reasonably well despite the fall in prices since last week. The coin has got tremendous potential in the long run. You may trade on a short-term basis in the coin as the coin has the potential to turn-around and make a comeback even during the bad times. The MACD indicator also suggests that the present trend is bearish. Over the past week, the coin has been overbought and oversold, but now it seems to be neutral.
1- Do not invest in every ICO – most of them are a scam.
2- Crypto is a heavily manipulated commodity and the price can change at any moment.
3- The creation cost of a coin represents the “wholesale” price – It is always better to buy when the price is close to the creation cost.
4- Crypto has a natural cash flow that dictates the selling pressure. Like, 1800 bitcoins are mine each day so 1800 bitcoin must be bought at the current price (“means market needs new $18 millions of investment every day if the price is $10,000 to maintain the current price“).
5- Patience and timing are key to making a profit:
Buy, when the price is close to the creation cost.
Sell, when the price is way high off the creation cost.