IoTeX coin has been on a bull run since the beginning of the year, posting higher highs with each passing month. In November alone, IoTeX has posted gains of 159%. The recent announcement that the Pebble Tracker smartwatch is ready for shipment has contributed to this rise. This device contains advanced GPS powered by a decentralized network, which is designed to monitor various factors like acceleration, temperature, humidity, air pressure, and more. In addition, the Pebble Tracker will allow users to earn rewards for sharing their data.
As of September 15, IOTX had been trading in a descending channel on the daily timeframe and testing the 0.618 Fibonacci level on the 4h timeframe. According to the descending trendline, IOTX price bounced off a support level, indicating that it might continue to move to the support level at $0.02585.
Some analysts have lowered their price predictions for IoTeX coin. Their predictions say that IOTX will peak at $0.0647 by the end of the year, but would then fall below $0.0478 due to reversals and average buy and sell pressures. It is unclear if these predictions are accurate, but they do show the potential for the coin to rise significantly in the coming years.
The IOTX platform has gained ground in the crypto market, and its technology is making it easier for machines to communicate with one another. IOTX is a promising altcoin, with many uses already being realized. While it has a high degree of risk, it can also offer large rewards. In a year or two, IOTX is projected to be worth about $0.15, and $0.68 in five years.
IoTeX is a decentralized platform that bridges people and machines through the IoT. It is also a fast, independent digital payment gateway. It has integrated with e-commerce platform Shopify and uses the Roll-DPoS consensus mechanism to validate transactions. It rewards validators with a cryptocurrency.
IoTeX has various mechanisms to ensure privacy and security. IoTeX is an EVM-compatible blockchain and has developer tools. It is also compatible with Ethereum, and allows Ethereum developers to port their smart contracts to the platform. It also processes transactions instantly and costs very little gas.
IoTeX operates on a decentralized governance model, where token holders stake their tokens to elect delegates. Each staked IOTX token grants one vote. The maximum number of tokens is 10 billion coins. There was no ICO for IoTeX, but the project was launched on its own blockchain. Its creators included Raullen Chai, Qinxin Fan, and Jing Sun.