Especially the insurance and health industry will benefit from this. My expectation is that IOTA will at least cover 20% of the IoT market value in 2025. That's a value of $300 billion. If we divide that over the IOTA supply (2.78 billion MIOTA)than we get a price of $107,95 per MIOTA.
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Even more, does iota use Blockchain?
IOTA does not use the traditional blockchain design used by most cryptocurrencies. Instead, it has developed a new platform called Tangle, which uses a mathematical concept known as Directed Acyclic Graphs (DAG).
Further, is iota the future? On a medium- to long-term basis, the future of IOTA is very much tied up in the future of the Internet of Things. If IoT devices continue to grow in popularity, IOTA will serve as an incredibly useful purpose by facilitating simple machine-to-machine transactions.
Over and above that, what is the symbol of iota?
Iota /aɪˈoʊtə/ (uppercase Ι, lowercase ι; Greek: ιώτα) is the ninth letter of the Greek alphabet. It was derived from the Phoenician letter Yodh.
Why is iota price dropping?
However, even though the IOTA future was extremely bright, soon the altcoin found its price going down, and dropping fast as a result of the crypto hype bubble popping. The cryptocurrency asset closed out 2018 at a price of just $0.20 per IOTA coin, resulting in an over 90% drop from all-time high prices.
2020 | $15,000 | $3,800 |
2021 | $19,000 | $5.400 |
2022 | $25,000 | $11,000 |
2023 | $75,000 | $13,000 |