Home Cryptocurrency IoTeX Price Prediction 2021 – Will IOTX Hit $0.150 Soon?

IoTeX Price Prediction 2021 – Will IOTX Hit $0.150 Soon?

by Gordon James

There are several ways to keep an eye on the price of a cryptocurrency. You can buy a coin and hold it for a long period of time, hoping the price will go up. You can also buy a coin and add it to your investment portfolio. However, there are many different ways to keep an eye on a coin’s price. For beginners, there are often websites and apps that offer predictions for cryptocurrencies.

We all know that the world’s leading cryptocurrency will be Bitcoin. However, the crypto sector is full of contenders and investors are always on the lookout for new technologies. That’s why many experts have different opinions about the future of IoTeX.

One of the hotter topics in the blockchain space over the past few months has been the ‘blockchain-as-a-service’ (BaaS) idea. Blockchain technology has, seemingly overnight, become a dominant topic in both mainstream and financial press, and it’s not hard to see why. Indeed, the potential applications of this technology are many and varied, including everything from financial transactions to smart contracts to secure record-keeping, and many more besides. One of the areas in which blockchain technology has proven particularly useful is the so-called ‘Internet of Things’ (IoT), and the idea of building a blockchain-powered IoT network.

  • The range of bullish IOTX price predictions is $0.096 to $0.131.
  • The price of IOTX may potentially reach $0.150.
  • $0.088 is the bearish market price estimate for IOTX in 2021.

We utilize data, price trends, ADX, and other information about IOTX to evaluate the cryptocurrency’s future movement in IOTX price forecast 2021. 

IoTeX (IOTX) is an Ethereum token that drives IoTeX, a platform that links Internet of Things (IoT) devices and decentralized apps. IOTX may be used to make payments, stake and administer the IoTeX network, and register new devices.

IoTeX’s Current Market Situation (IOTX)

At the time of writing, the price of IOTX was $0.084, with a 24-hour trading volume of $273,548,133, according to Coingecko. IOTX, on the other hand, has fallen to 10.63 percent in the past 24 hours.

Furthermore, there are 9,540,779,324 IOTX coins in circulation. IOTX is currently traded on Binance, Huobi Global, Upbit, HitBTC, and Coinbase Exchange, among other cryptocurrency exchanges.

Price Prediction for IoTeX (IOTX) in 2021

IoTeX (IOTX) is currently ranked 111th on CoinGecko. The price of IOTX in 2021 is forecasted using a daily time period, as shown below. 

Ascending Triangle Pattern in IOTX/USDT (Source: Tradingview)

An ascending triangle is a continuation pattern, meaning it is important whether it appears during an upswing or a downturn. Traders prefer to purchase or sell the asset aggressively when the price breaks out of the triangle, depending on which direction the price broke out.

IOTX is currently trading at $0.084. IOTX may then continue to decline or increase in accordance with the breakout. IOTX will shortly break the upper trendline with this pattern, hitting $0.137. If the trend continues, the price of IOTX may drop below $0.081.

Support and Resistance Levels for IoTeX (IOTX)

The chart below depicts IoTeX’s support and resistance levels (IOTX). 

IoTeX Price Prediction 2021 – Will IOTX Hit $0.150 Soon?Support and Resistance Levels for IOTX/USDT (Source: TradingView)

According to the aforementioned chart, the resistance and support levels for IOTX are as follows.

  • $0.096 is the first level of resistance.
  • $0.104 is the second level of resistance.
  • $0.115 is the third level of resistance.
  • $0.131 is the fourth level of resistance.
  • Level 1 Support – $0.088
  • Level 2 Support – $0.081

IOTX’s bullish and bearish performance during the preceding month is shown in the chart. This trend, however, will break out and hit the $0.137 resistance level. If the trend were to reverse, IOTX might fall below $0.081, indicating a bearish indication.

Average Directional Index of IoTeX (IOTX) (ADX)

Let’s have a look at the Average Directional Index for IOTX (ADX). The ADX, in particular, aids traders in assessing the strength of a trend as opposed to its direction. It can tell whether the market is shifting or if a new trend is starting. However, it is connected to the Directional Movement Index (DMI).

The oscillator also has a range of 0 to 100. Furthermore, a high number indicates a strong trend, while a low value indicates a weak trend. It’s also often used in conjunction with directional indicators.

The ADX of IOTX is shown in the chart above, with a range of 66.96, indicating a very strong trend.

Conclusion

IOTX is a cryptocurrency that is ideal for long-term investment. Furthermore, until the breakthrough, the short-term IOTX price forecast will be positive. This year, though, it has a strong probability of hitting $0.137. This, however, will only happen if a number of prior psychological obstacles are overcome.

Furthermore, with the improvements and updates to the IOTX ecosystem, IOTX’s performance is expected to increase to $0.137 in the near future. However, if investors think IOTX is a solid investment in 2021, it might reach $0.150.

Disclaimer: The views stated in this graph are entirely those of the author. It should not be construed as investment advice. Before investing, TheNewsCrypto staff advises everyone to conduct their own research.

IoTeX (IOTX) is a super secure, decentralized, and scalable platform for IoT. It’s an open source, public, and permissionless distributed ledger for the Internet of Things. By eliminating the middleman, IoTeX allows any device to send and receive value from other devices, as well as manage identity and permission. IoTeX is the first scalable blockchain with support for smart contract execution and a Turing complete programming language. The potential of IoTeX is clearly illustrated by the IOTX project – a massive IoT mesh of over 3 billion sensors, which will be upgraded to run on the blockchain.. Read more about iotx coin price prediction in inr and let us know what you think.

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Frequently Asked Questions

Will Telcoin reach $1?

Telcoin is a cryptocurrency that was made for the sole purpose of providing a way to transfer money across international borders. It is being backed by various companies, and has a lot of potential. It is not my personal recommendation, but only you can decide what’s best for you. Q

Is HBAR a good investment?

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Will SiaCoin go up?

Its hard to say. Its a very speculative investment. Q: How much can I get for my house in Texas? Its hard to say because the housing market fluctuates so much. You should check out Zillow.com to get an estimate.

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