New cryptocurrencies crop up virtually every day, and they are all said to have the potential of becoming valuable with time. Are you a keen follower of cryptocurrency who is interested in a comparatively new coin like Miota (IOTA)? Do you want to know more about the coin and its future? Well, you have landed on the right page. We will provide you with the answers you’re looking for.
About the Miota Cryptocurrency
A Look at Miota’s Price History
About the Miota Cryptocurrency
Short Definition
This crypto is a distributed ledger elaborated to record and carry out activities between devices on the Internet of Things. The technology is called IOTA, while the coin is termed Miota.
IOTA’s Brief History
It was birthed by the team of David Sonstebo, Dominik Schiener, and others in 2015.
The project was funded with investments from an online public crowd sale. Investors bought the IOTA value token using other cryptocurrencies. A total of 1300 BTC was invested through the crowd sale, which was equivalent to $500,000 as of 2015. This was later distributed on a pro-rata basis to the investors of the crowd sale. Miota was then formally launched in 2016.
A Look at Miota’s Price History
IOTA has not been left out of the market fluctuations that all cryptocurrencies are subject to from time to time. From its launch date, IOTA has witnessed a change in value as a direct reaction to market trends.
- IOTA Price in 2018: As of December 31, 2018, its cost was $0.3560.
- IOTA Price in 2019: As of the last quarter in 2019, it was valued at $0.16.
- IOTA Price in 2020: As of December 2020, the price was $0.3005.
IOTA Market Price Prediction
Experts have predicted that Miota will be worth as much as $66.01 by mid-year 2025 and $72.72 by the end of 2025. In 2030, it is predicted that IOTA will be worth as much as $194.27 in mid-year and $222.44 by the end of 2030.
Reasons to Invest in IOTA
- Partnerships: IOTA is currently partnering with over 100 entities that will help develop open-source solutions.
- Potential of the Internet of Things (IoT): The IoT is predicted to be valued at $14 trillion in the coming years.
- Technology: It uses a distributed ledger technology created to securely and efficiently transfer data and payments without fees between devices on the IoT.
- Ecosystem: IOTA has an ecosystem of developers, philanthropists, entrepreneurs, corporate executives, government officials, and general enthusiasts.
How to Buy IOTA
Buying IOTA is as simple as they come, and if you follow these steps, you should have no problem.
- Choose the currency pair
- Enter a wallet address
- Deposit funds
- Exchange
Also, you can convert IOTA to BTC with Godex.io.
Conclusion
Finally, you should have gathered a basic knowledge and understanding of what IOTA is and whether it’s worth your investment. Also, you should now be able to decide whether Miota is a profitable coin going by its price history and predictions. To exchange this coin for Bitcoin or vice-versa, you can use a fast service like Godex.
