Overview of IOTA (MIOTA)
IOTA (MIOTA) is a distributed ledger technology designed for the Internet of Things (IoT), offering feeless microtransactions and scalable data transfer.
Key Features:
- Tangle Technology: Replaces traditional blockchain with a directed acyclic graph (DAG) structure.
- Feeless Transactions: Eliminates miner fees, ideal for IoT micropayments.
- Machine-to-Machine Economy: Enables autonomous device interactions.
IOTA (MIOTA) Historical Price Performance
Below is a detailed analysis of IOTA's price movements since its inception:
| Date | Opening Price | High Price | Low Price | Closing Price | 24h Volume | Market Cap |
|---|---|---|---|---|---|---|
| 2023-01-01 | $0.18 | $0.21 | $0.16 | $0.19 | $12.5M | $735M |
| 2023-06-15 | $0.22 | $0.25 | $0.20 | $0.23 | $18.2M | $890M |
| 2023-12-31 | $0.15 | $0.17 | $0.14 | $0.16 | $9.8M | $619M |
Market Trends:
- 2023 Peak: Reached $0.25 in June amid IoT partnership announcements.
- Year-End Correction: Adjusted to $0.16 due to broader crypto market downturns.
Current IOTA (MIOTA) Metrics
- Price: $0.1574
- 24h Range: $0.1573 – $0.1684
- Circulating Supply: 3.87B MIOTA (76.86% of max supply)
- Market Cap: $609M
👉 Explore real-time IOTA price charts
Factors Influencing IOTA's Price
- Adoption Rate: Integration with IoT devices and enterprise partnerships.
- Technology Upgrades: Implementations like Chrysalis (IOTA 1.5) and Coordicide.
- Market Sentiment: Correlation with Bitcoin and altcoin trends.
FAQ Section
What makes IOTA different from other cryptocurrencies?
IOTA uses Tangle instead of blockchain, enabling zero-fee transactions and infinite scalability for IoT networks.
Where can I buy IOTA (MIOTA)?
IOTA is available on major exchanges like Binance, OKX, and Bitfinex.
👉 Trade IOTA with low fees on OKX
Is IOTA a good long-term investment?
Potential hinges on IoT adoption—monitor developments in smart cities, supply chain, and decentralized identity solutions.
How does IOTA ensure network security?
The Tangle’s decentralized validations replace miners, while Coordicide aims to remove the central Coordinator node.
Future Outlook
- 2025 Projections: Analysts predict $0.30–$0.50 if IoT adoption accelerates.
- Risks: Regulatory challenges and competition from layer-2 blockchain solutions.
Data sourced from CoinCarp and updated for accuracy. Always conduct independent research before investing.