IOTA (MIOTA) Price Analysis: International IOTA Academy program Launched; Medium-term Bullish Outlook

There is an unsaid rule in the global crypto market that if you don’t collaborate, you fail. The same way IOTA (MIOTA) has been trying hard to make its mark as far as partnerships and collaborations are concerned. These partnerships help the coin to enhance its own goodwill and image, which ultimately attracts new users. Recently the IOTA Foundation (IF) launched the 1^st international IOTA Academy program after partnering with the IOT1 Academy. The IOT1 Academy is a deep-tech academy based in Berlin and Shanghai. The new international academy will facilitate more study, research and development on IoT (Internet of Things) technology to check what other developments can be made in IOTA. We predict the coin to have a bullish medium-term outlook. The value of each IOTA coin will be roaming around 1 USD by the end of this year. Let us look at the current status of the coin now.

Current IOTA Price Statistics-

• IOTA (MIOTA) is the 15^th largest coin in the market.
• The ROI (Return on Investment) stands at negative 39.64%.
• A total of 2,779,530,283 MIOTA coins are in circulation.
• The market cap as on 26^th May at 01:13 UTC stands at 1,068,525,040 USD.
• The value of each IOTA coin stands at 0.38271032 USD and 0.00004781 BTC.
• The 24h volume at the same UTC stands at 26,312,793 USD.

IOTA Price Comparison-

IOTA (MIOTA) coin stared the year with a very high note. At the starting of the year, the coin was being traded around 0.40 USD. But the momentum could not be sustained. It reached its lowest point on 06^th February at 0.24 USD. The highest point of the coin was on 15^th May 2019 at 0.43 USD. From 9^th May to 16^th May the coin gained almost 62%. This growth has helped the coin immensely to be predicted bullishly. The market cap and the value of each coin on 26^th April were 730,749,484 USD and 0.27134213 USD. The current market cap and the value of each coin are respectively 46.22% and 41.04% more than the figures for last month.

IOTA Price Prediction-

As mentioned earlier, the coin will have a bullish medium-term and long-term outlook. The resistance point will be there around 0.5 USD and 0.6 USD. By the end of 2019, the coin will reach 1 USD mark.

Conclusion-

Buying fresh coin is advised only if the plan is to hold the coins for the long term.