The post Is IOTA a good investment? Exploring its potential and future appeared on BitcoinEthereumNews.com.

The crypto market is rising from the ashes. Its winter season is soon concluding. With the Spot Bitcoin ETF on the table, experts and enthusiasts alike are predicting the market will accelerate its bullish run in the first half of January 2024. These are speculations, and IOTA is one token being looked at for investment purposes. Its security aspects are yet to be fully tested, but the token and the network hosting the token are gaining an edge with their features. IOTA, for example, has been identified as a network that allows customers to perform transactions for free. The community is particularly impressed since it is highly scalable and faster at processing transactions, thanks to the design that eliminates the critical aspect. IOTA, the token, is currently trading at $0.2363, an increase of 0.36% in the last 24 hours. It further reflects the rise of 31.10% in the last 7 days. Interestingly, the feat of IOTA has come months after it was constantly registering negative momentum. That was in August, to be more specific, but the token has not looked back ever since. IOTA coin price prediction now estimates that the token could end the current year at $0.39. Assuming it keeps up with the ongoing trend, the token will potentially hit the milestone of $0.54 in 2025. Simply, investments in IOTA are likely to yield returns in the long term. Meanwhile, the community is working to solve the accessibility issue. Many users claim it is not available on all exchange platforms. As a result, they are limiting the number of ways or platforms via which they can purchase, trade, and sell IOTA. The current rise of IOTA is largely due to the prevailing factors:- Scalability Support for microtransactions No transaction fees Higher speed of executing transactions Future prospects IOTA…

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Filed under: News - @ December 1, 2023 1:22 pm