Market Stats and Forecasts
IoTeX Description
IoTeX is a blockchain platform specially designed to connect the gap between the digital and physical worlds by securely connecting advanced IoT devices. This platform aims to create a decentralized ecosystem where machines can share data, interact and conduct transactions freely. The native cryptocurrency of the IoTeX network is the IOTX token. Before getting into more details about this coin, let's first understand how it works. IOTX token assists multiple functions within the IoTeX ecosystem such as it is used to pay transaction fees on the IoTeX blockchain, like Ethereum uses ETH. Token holders of IOTX have the right to give vote towards the development of the platform. Users can easily stake their tokens to secure the network and earn regards.
When it comes to utility, IOTX can be used to access different services and applications built on the IoTeX platform. Let’s discuss some of the key features of the IoTeX platform. First, the platform makes sure the data privacy and security through secure hardware and cryptographic techniques. It offers a solution for creating and managing digital identities for both machines and humans. IoTeX network is compatible with Ethereum Virtual Machnine, which permits developers to easily build apps on this platform. Overall, this platform is designed to handle the high volume of transactions generated by IoT devices. When it comes to the vision of the IoTeX network, it wants to create an ecosystem where objects are connected to the internet and can easily interact with each other.
The IoT revolution has the true potential to transfer industries such as supply chain management and healthcare. This network wants to create infrastructures that enable this vision by offering a secure, scalable and decentralized platform for IoT devices. Usually, people are worried about the trading platform of IOTX tokens, so don’t worry! This token is available for trading on well-recognized exchanges like Mimoswap. Binance, Coinbase, Kucoin and Huobi Global. This a crypto token which has the potential to become a game changer in crypto industry. So, add this token to your portfolio and enjoy its benefits.
Forecast Based on AI Model
Drawing insights from our analysis that integrates historical price movements of IoTeX, Our analysis, guided by the machine learning experts, yields forecasts for IoTeX price trajectory up to 2024. With a comprehensive understanding of IoTeX historical price movements and utilizing advanced algorithms, our team has derived predictions with a mean absolute error (MAE) value of 2 and an error value of 0.23%.
For the year 2024, our analysis indicates a projected yearly low of $0.0508, with the high anticipated to reach $0.0692. These forecasts are the outcome of a comprehensive approach designed to provide investors with reliable insights for strategic decision-making.
Prediction Table based on AI Model
| Date | Low | Average | High | ROI |
| 2024-10-22 | 0.0588 | 0.0607 | 0.0625 | 10.20 |
| 2024-10-23 | 0.0589 | 0.0608 | 0.0625 | 11.41 |
| 2024-10-24 | 0.0588 | 0.0594 | 0.0606 | 10.19 |
| 2024-10-25 | 0.0595 | 0.0614 | 0.0632 | 12.61 |
IoTeX Price Prediction 2025
According to our analysis conducted via our Machine Learning Model,IoTeX is forecasted to achieve its peak value in 2025 at approximately $0.0988, while potentially dipping to a low of $0.0538. The average trading value during this period is projected to hover around $0.0865.IoTeX Price Prediction 2026
In 2026, IoTeX is anticipated to potentially reach its peak value of $0.158, with a possible lower value of $0.0771. The average trading value for this period is estimated to be approximately $0.143.IoTeX Price Prediction 2027
As we look ahead to 2027, the trajectory of the IoTeX coin may offer investors unexpected turns. Projections suggest peaks hitting $0.238 and lows stabilizing around $0.127, with an average trading value resting near $0.209.IoTeX Price Prediction 2028
In the upcoming year of 2028, investors may witness noteworthy fluctuations in the value of the IoTeX coin. Projections point towards a maximum value of $0.371, a minimum of $0.187, and an average value of approximately $0.33.IoTeX Price Prediction 2029
Our market analysis indicates optimistic prospects for the IoTeX crypto in 2029, with projected peaks at $0.548 and floors at $0.296. Moreover, the average trading value of this coin is anticipated to hover around $0.498.IoTeX Price Prediction 2030
In 2030, our crypto analyst team and Machine Learning experts envision a varied outlook for the IoTeX token. Projections indicate highs near $0.83, potential lows around $0.423, with an average value of about $0.756.Following the presentation of our forecast table, we provide users with convenient procedure links, offering insight into the comprehensive steps taken to derive our predictions. These resources afford transparency into our analytical process, detailing methodologies, data sources, and algorithms used to formulate forecasts, empowering users to grasp the intricacies behind our predictions.
Forecast Based on Technical Analysis
Bitcoin's 50-Day, 200-Day Simple Moving Averages and 14-Day Relative Strength Index - RSI (14)
Both the 200-day and 50-day Simple Moving Averages (SMA) are forecasted to rise, with the former expected to reach $0.0413 by the Oct 22, 2024. The Relative Strength Index (RSI) stands at 1.1121, indicating a Rise market stance. Overall, while the long-term forecast is Sell.
About iotx
IoTeX Price Prediction FAQ
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Kshitez Pratap Singh
Kshitez Pratap Singh possesses deep expertise in data analytics and machine learning. He excels at deriving actionable insights from complex datasets. Kshitez combines his analytical skills and machine learning knowledge to develop models that support data-driven decision-making, helping businesses and investors navigate and thrive in the finance niche.
Mohit Kumar
Mohit Kumar is a computer science engineer with a specialization in Artificial Intelligence and Machine Learning (AIML). he has honed his expertise in developing sophisticated machine-learning models tailored for the financial sector, exploring various aspects of forecasting and statistical modeling to provide invaluable insights for informed investment decisions in the volatile world of cryptocurrencies.
Sentiment: Sell
The IoTeX is predicted to surge by 21.29% to $0.0625 by Oct 29, 2024, though current indicators show a Bearish sentiment with 15 out of 30(50%) green days and a notable -11.01% price volatility over the past month.
