Right now, IOTA is one of the hottest coins in the world, and probably the best one if you want to invest or buy one, maybe right now is a good idea. IOTA is decentralized just like bitcoin. That is a good climate for a currency like IOTA because ethereum also has reached a very high price per coin so investors will most likely buy IOTA coin because of its cheaper price. All this said the prediction for IOTA in 2018 is pretty high and the future looks good for investors who are looking to make a profit.
The price of IOTA, which is currently the 10th largest cryptocurrency by market cap has recently jumped by 21% against the US dollar. This was mainly because of a strong push from Japan – or in other words a new partnership that made the altcoin increasingly popular over the past couple of days.
Just a few weeks ago, IOTA fell again due to the manipulation on the BitFinex exchange. Also, one of the earliest adopters of IOTA called off the deal with the company. By then, the price of the IOT/USD fell to as low as 0.737-fiat. The following days the pair continued to make losses and that didn’t improve due to the market’s overall bearish situation. This led to an almost 95% drop since July. Now, IOT/USD is aiming to get a support level of 0.459-fiat and if they don’t come above it, it would only hardly intensify the hole they are in. However, analysts are predicting a downside correction from this point, in which IOTA may establish support from $0.51 to $0.62 – or a run towards the $0.65 level.
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