BTC$49 653.41


ETH$4 371.46


Binance Coin








Fundamentals might catalyze MIOTA's price in 2020

February 2020

The price of MIOTA has been booming for the last seven days, in concordance with the rest of the cryptocurrency market. Over that period of time, the value of the 22nd cryptocurrency with the market capitalization of $700 million surged by 32%, placing the coin in the 10th place, as of the time of writing, among the biggest hard-gainers of the first part of January.

The price sprint of IOTA was instigated not only by the general shifts in the market but also by the positive outlook on its fundamentals. According to the report published by Fundstrat, the New York-based market research agency, the ecosystem developed by the team behind IOTA could become home for nearly all payment gateways that involve machine-to-machine transactions.

The researchers claim that given its potential, the project could transform into a global player within the next 15 years, with a market capitalization of around $700 billion. The projected growth is based on the fact that IOTA’s system is tailor-made for the Internet of Things (IoT) that currently growing at a rapid pace.

The year 2020 could become a trampoline for MIOTA’s value because that’s when these solutions should be adopted as an industry standard, accompanied by the significant improvement of its Proof-of-Concept (PoC). Besides, the IOTA company has recently partnered with Software AG, a heavyweight corporation in the field of software development.

If all these plans and concepts are put into practice, 2020 could become the breakthrough year for IOTA, which means that this coin should be considered for opening long positions, certainly after its price goes through an imminent correction that should follow after the rally.

The short-term prognosis for IOTA

Starting from January 3, bulls have been in full control of IOTA’s price trajectory, having taken it to the heights of $0.259, as of the time of writing, although it is still way too far from the rock-hard resistance line that the coin should meet once it reaches the $0.28 area. The 1-hour IOTA/USDT chart below shows the dynamics of the currency’s price action within the latest period. It has been moving within the confines of the ascending rectangle, making for comfortable trading experience.

1-hour MIOTA/USDT chart

However, as already mentioned, MIOTA has a lot of breathing space right now, though it has already crashed one point of resistance at $0.22, tested it twice, and then turned into support.

1-day MIOTA/USDT chart

The buyers have also been disregarding the Fibo retracement level, breaching through as many as four of them in one swing. Although the 0.786 Fibo level will prove to be the hardest for IOTA since it coincides with the said resistance.

1-day MIOTA/USDT chart

The continuing bullish dominance is under question now, given that the 14-day RSI is currently almost at the maximum oversold condition, which signals about the possible shift in price direction. But the most probable scenario is that MIOTA will begin forming a bullish flag by trading sideways for the coming 4 to 6 days. Upon reaching the point of a breakthrough, the price should go for another spike and test the resistance at $0.28.

Author: Alex Paulson for


IOTA Was Caught In a Bad Moment
IOTA Was Caught In a Bad Moment
IOTA (MIOTA): The Bulls Are Upping the Tempo
IOTA (MIOTA): The Bulls Are Upping the Tempo
IOTA (MIOTA) Luring Traders Into Bear Trap
IOTA (MIOTA) Luring Traders Into Bear Trap
IOTA (MIOTA): Good Enough For Shorting Only
IOTA (MIOTA): Good Enough For Shorting Only
IOTA: Hack Resolved But the Price Plummets
IOTA: Hack Resolved But the Price Plummets
IOTA: Wallet Hack Could Threaten the Price
IOTA: Wallet Hack Could Threaten the Price
What to expect from IOTA in the future?
What to expect from IOTA in the future?

Top Cryptocurrencies with Price Predictions

# Crypto Prediction Accuracy CVIX Price 24h 7d Market Cap 7d price change
1 Bitcoin (BTC) BTC Bitcoin predictions 74.4% 48 $49 653.41 -1.04% -11.92% $938 231 285 210 BTC 7 days price change
2 Ethereum (ETH) ETH Ethereum predictions 77.2% 39 $4 371.46 1.74% -2.81% $518 726 908 591 ETH 7 days price change
3 Binance Coin (BNB) BNB Binance Coin predictions 78.4% 35 $602.61 6.15% -1.70% $100 516 630 091 BNB 7 days price change
4 Tether (USDT) USDT Tether predictions 93.6% 1 $1.001029 0.01% 0.07% $76 404 874 493 USDT 7 days price change
5 Solana (SOL) SOL Solana predictions 70% 61 $189.68 1.51% -15.46% $58 298 771 519 SOL 7 days price change
6 Cardano (ADA) ADA Cardano predictions 65.2% 77 $1.37 1.42% -10.77% $45 766 334 793 ADA 7 days price change
7 USD Coin (USDC) USDC USD Coin predictions 92.4% 2 $1.001815 0.22% 0.32% $41 115 117 851 USDC 7 days price change
8 XRP (XRP) XRP XRP predictions 68.8% 65 $0.847842 5.03% -12.53% $40 058 264 442 XRP 7 days price change
9 Terra (LUNA) LUNA Terra predictions 64% 75 $75.43 12.62% 19.06% $28 728 578 546 LUNA 7 days price change
10 Polkadot (DOT) DOT Polkadot predictions 68.4% 70 $28.89 0.14% -17.80% $28 535 305 964 DOT 7 days price change
11 Dogecoin (DOGE) DOGE Dogecoin predictions 66.4% 65 $0.177346 0.37% -13.13% $23 487 786 636 DOGE 7 days price change
12 Avalanche (AVAX) AVAX Avalanche predictions 63.6% 77 $94.12 7.54% -19.09% $22 852 451 871 AVAX 7 days price change
13 SHIBA INU (SHIB) SHIB SHIBA INU predictions 62.4% 79 $0.000036 0.19% -13.18% $20 008 775 732 SHIB 7 days price change
14 Polygon (MATIC) MATIC Polygon predictions 63.2% 70 $2.34 4.62% 13.05% $16 582 834 795 MATIC 7 days price change
15 Chain (CRO) CRO Chain predictions 65.2% 78 $0.607936 -0.59% -14.02% $15 358 289 057 CRO 7 days price change

Be the first to receive Cryptocurrency Price Predictions and Forecasts daily

Get cryptocurrency price predictions, forecasts with analysis and news right to your inbox.

© 2015-2021

The usage of this website constitutes acceptance of the following legal information. Any contracts of financial instruments offered to conclude bear high risks and may result in the full loss of the deposited funds. Prior to making transactions one should get acquainted with the risks to which they relate. All the information featured on the website, including information about the cryptocurrencies and bitcoin is intended solely for informational purposes, is not a means of advertising them, and doesn't imply direct instructions for investing. Crypto Rating shall not be liable for any loss, including unlimited loss of funds, which may arise directly or indirectly from the usage of this information. The editorial staff of the website does not bear any responsibility whatsoever for the content of the comments or reviews made by the site users about cryptocurrencies. The entire responsibility for the contents rests with the authors. Reprint of the materials is available only with the permission of the editorial staff.