IoTeX is a pioneering project in the Internet of Things (IoT) infrastructure, aiming to create a decentralized network where IoT devices can communicate, transact, and exchange data securely and efficiently. Founded in 2017, IoTeX envisions a future where billions of devices are interconnected and empowered to interact autonomously. It employs a unique blend of blockchain, secure hardware, and innovative consensus mechanisms to address privacy, scalability, and trust.
The native cryptocurrency of the IoTeX network is IOTX. As a utility token, IOTX serves various purposes within the ecosystem, including payment of transaction fees, governance, staking, and incentives for developers, validators, and node operators. In this IOTX price prediction, we discuss the projections for the future price of this crypto asset in the coming years.
IoTeX (IOTX) overview
As of April 21, 2024, IOTX was the 127th most valuable cryptocurrency by market capitalization, according to CoinMarketCap. The table below summarizes other relevant data for the same date.
IoTeX (IOTX) price history
The IOTX token hit the trading market on May 25, 2018, at an opening price of $0.03. This token soon doubled its price, reaching $0.065 on June 1. However, the IOTX price steadily dropped in the following weeks, reaching $0.01 on August 20. IOTX traded below its opening price for over two years, falling to its all-time low of $0.001 on March 12, 2020.
At the beginning of March 2021, the IOTX experienced a surge that took its price above the initial $0.03 for two months, reaching $0.06 on May 2. Although the IOTX price again fell below $0.03 in the following months, it skyrocketed on August 12, 2021, going above $0.1. This token reached its all-time high of $0.26 on November 13, 2021, ending that year at about $0.07.
As with most cryptocurrencies, the IOTX price dropped throughout the first half of 2022. On June 16 of that year, IOTX traded at $0.025. Despite some moderate price spikes, IOTX closed 2022 at about $0.02. This bearish trend continued for most of 2023. However, the IOTX price began to climb in December last year, closing 2023 at about $0.05. In 2024, IOTX showed a bullish trend from the first month, reaching $0.08 on March 11. As of April 21, 2024, IOTX traded at approximately $0.06 per token.
IoTeX (IOTX) price prediction
IoTeX (IOTX) price prediction for 2024
IOTX price predictions for the remainder of this year significantly disagree. PricePrediction expects an average IOTX price of $.07 in 2024, with a potential maximum of $0.09. DigitalCoinPrice is more optimistic and indicates an average and maximum price of $0.13 this year. In contrast, CoinPedia predicts an average price of $0.08, possibly reaching a maximum of $0.19 toward the end of the year. If this prediction is correct, an IOTX investment at the current trading price of $0.06 per token could increase its value by +216% this year.
IoTeX (IOTX) price prediction for 2025
Next year, the IOTX token could trade at an average of $0.11 and a maximum of $0.13, according to PricePrediction. DigitalCoinPrice predicts an average and maximum price of $0.15, whereas CoinPedia forecasts an average price of $0.12 and a maximum of $0.17. Hence, compared to the predicted growth in 2024, IOTX might lose value in 2025. So, an IOTX investment at the current $0.06 per token could yield a return of +183% next year.
IoTeX (IOTX) price prediction for 2026
The IOTX price will continue to expand in 2026. PricePrediction indicates that this token will trade at an average of $0.16 in 2026, reaching a possible maximum of $0.19. DigitalCoinPrice predicts an average and maximum price of $0.22. CoinPedia is more optimistic, forecasting an average IOTX price of $0.18 in 2026, with a potential maximum of $0.24. Therefore, an IOTX investment at the current trading price of $0.06 could grow by +300% by 2026.
IoTeX (IOTX) price prediction for 2030
Long-term IOTX predictions disagree. DigitalCoinPrice predicts an average IOTX price of $0.43 and a maximum of $0.45 in 2030. PricePrediction is much more optimistic, indicating an average price of $0.7 and a potential maximum of $0.8. CoinPedia forecasts an average IOTX price of $0.8 and a maximum of $1 in 2030. Hence, an IOTX investment at the current $0.06 per token could increase its value by +1,567% by 2030.
Conclusion
IoTeX leverages blockchain technology to create a decentralized network where billions of IoT devices interact autonomously. This ambitious project has enormous potential since IoT is one of the hottest technological topics, attracting the interest of many investors. As such, the IOTX token is also a promising crypto investment, particularly a long-term investment. Although its price might suffer from much short-term volatility, the IOTX will likely increase in the long run.
FAQs
Is the IOTX token a good investment?
It might be, particularly a long-term investment. However, it would be best to research thoroughly this asset before investing.
How high can IOTX go?
According to PricePrediction, IOTX will trade at a maximum of $2.5 in 2033. In the long run, IOTX might reach $44 in 2040 and $64.6 in 2050.
Where can I get the IOTX token?
Several exchanges list the IOTX token for trading, including LetsExchange.io, a go-to crypto exchange hub supporting the largest number of cryptocurrencies among all similar platforms.
Disclaimer
Please keep in mind that the above information is based exclusively on our observations and is provided for informational purposes only. It doesn’t constitute any kind of financial advice nor represents an official forecast. Cryptocurrency is a highly volatile asset, and you are investing in it at your own risk.