IoTeX is a blockchain platform that facilitates machine-to-machine interactions. It has attracted significant investment from leading crypto funds and VC firms, and it has partnered with major companies in the IoT space. The IOTX coin is a native utility token of the IoTeX ecosystem. It grants secure entry into the IoTeX network and supports decentralized Dapps.
Currently, the IOTX price is trading around $0.0478, but analysts predict that it could fall to $0.0158 in the coming years. The long-term price prediction is more likely to be based on fundamental factors. IOTX is based on tokenomics, which means that it follows a deflationary model. The tokens are fed to stakers in a series of “burn drops” which lowers their value.
In the fourth quarter of this year, IOTX price was on a bull run, with the price soaring 10X to $0.2611 by the 13th of November. Despite this bullish trend, however, the price was forced to lower itself and close the year at $0.124.
Despite the recent bearish market, IOTX has managed to rise over the last few months and is now trading at a high level. It has also announced partnerships with several companies, including Cartesi, Galaxy Blitz, Swash, Covalent, and Treasureland. Additionally, IOTX was added to the list of “borrowable assets” on Binance on 26 January. This makes it possible for users to use crypto to borrow funds from banks.
However, IOTX is still a very young coin and its future is uncertain. However, it is important to keep in mind that this is an incredibly promising crypto, with a lot of potential. The price of IOTX is likely to rise significantly in coming years, as the platform and network expands.
The IOTX coin is an Ethereum token that aims to connect the IoT ecosystem. According to research, there will be over eight billion devices in use worldwide by 2022. However, most of the existing IoT platforms are centralized, have high operating costs, and raise privacy concerns. IoTeX aims to overcome these problems by creating an ecosystem where machines and humans can freely interact. Its smart devices make sharing data simple and convenient.
The IoTeX coin price is currently at $0.027611, down by 2.44% over the last 24 hours. Its market cap is at $263,429,672 according to CoinMarketCap. Its circulating supply is currently at 9,540,779,324 IOTX coins, and the maximum supply is ten billion. It was launched in April 2019 and has already processed more than ten million transactions.