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Can IOTA (MIOTA) Break through the Value of $1 by the end of 2018?

IOTA (MIOTA) is best known by its “blockless” network Tangle that makes up for a unique piece of blockchain technology, also attracting corporative giants like Fujitsu or Volkswagen.

IOTA is one of the currencies with the most applied use cases as its technology is being used for applying the next generation of distributed ledger technology to new products that ought to be released by Volkswagen, BMW and several other important partners that IOTA foundation acquired over time.

In 2019, IOTA is expecting to see the release of the product created for the needs of Volkswagen, dubbed Digital Car Pass, which ought to be launched during the first quarter of the following year.

Although IOTA is finding numerous use cases for its technology, it doesn’t seem to be doing extraordinarily well in the market, as MIOTA is mostly shown trading in the red on weekly and monthly charts with the exception of growing 14% during the course of the last year.

Still trading among the toppers, is IOTA able to reach the value of 1$ per one MIOTA by the end of 2018?

Can IOTA (MIOTA) Get Pass the Value of 1$ in 2018

The current year is about to end in several months and with it, the currencies will be going towards entering Q1 of 2019. During the end of 2017 and the beginning of 2018, many crypto assets managed towards recording their all-time high prices, so it is not excluded that the scoring record prices might become a year to year tradition.

As there is always hype revolving around the end of the year and the beginning of a new year, we might see an increased demand for buying cryptocurrencies this year at the same time too, which will consequently reflect on the prices.

IOTA made it to its all-time high of over 5$ back in December of 2017, however, it lost -90% since reaching its record price, now being traded at 0.50$. Thus the most realistic goal for IOTA at this point is reaching the milestone of 1$ per one MIOTA unit.

IOTA (MIOTA) all time chart Coin Market Cap

MIOTA is currently seen dropping at barely -1% as the market, also going down by -15% against the fiat in the last 7 days and losing -9% in the last two weeks in addition to dropping by -11% during the last month.

The only positive sign of growth at this point is a set of 10% of gains in the course of the last two months, altogether with gaining 14% on a YTD chart.

What makes MIOTA eligible for reaching the milestone of 1$ per one unit is the fact that 2019 makes up for a year when some important products made by IOTA foundation will be released, potentially driving the price of IOTA up prior to initial releases.

With that many use cases and more to come, alongside with a unique blockless network, IOTA should at least touch the value of 1$ by the end of 2018, although its record price was set at over 5$ in December of 2017.

 

Image credits: Photo by Bill Jelen on Unsplash

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