IOTA (MIOTA) Price Analysis: IOTA’s Transport Deal With Austin Diversifies The Market; Good Days Ahead

IOTA (MIOTA) has been the market leader in trying out unconventional associations. The coin is based on IoT technology, and now it has partnered with the transportation department in the city of Austin in Texas recently. Blockchain is probably the first time being used in the transportation sector, and it aims to solve some problems and make the interoperability between various transportation systems smoother. By the end of 2019, the IOTA (MIOTA) will breach the 1 USD target value. We should now analyze the current status of the coin to realize the real growth pattern of the coin.

Current Statistics-

• IOTA (MIOTA) is the 16^th largest coin in the crypto market.
• The ROI (Return on Investment) of this coin stands at negative 40.23%.
• A total of 2,779,530,283 MIOTA coins are in current circulations.
• The current market cap as on 15^th May at 01:44 UTC stands at 1,066,400,717 USD.
• The value of each coin stands at 0.383662 USD and 0.00004785 BTC.
• The current 24h volume at the same UTC stands at 45,333,754 USD.

Comparison-

IOTA (MIOTA) has started the year with a very positive figure. The highest point of the coin was on 10^th January at 0.36 USD prior to the current value.  The lowest point of the year was reached on 6^th February at 0.23 USD. The market cap on 15^th April was 880,802,770 USD, and the value of each coin stood at 0.316889 USD and 0.00006124 BTC. The current market cap and the value of each coin in terms of USD are 21.07% each more than the values of last month.

Prediction-

Looking at the positive developments and the potential of IoT technology in the market, we predict the coin to reach newer heights in recent times. As per our IOTA coin price prediction, the coin will have a bullish trend now. The resistance may be facing at $0.40, $0.45, $0.5 with a support level at $0.2, $0.15, $0.1 in the medium term. Each IOTA (MIOTA) coin’s value might be there at 1 USD by the end of 2019.

Conclusion-

We advise the new entrants to buy as much as possible at this low rate. The value is surely going to inflate and long term holding will give a minimum 4 times the value of the current investment.