This post answers investor questions about IOTA cryptocurrency in 2022. Where to buy this interesting cryptocurrency? Is IOTA a good investment? What are some of the price predictions!
IOTA is an open-source distributed ledger and cryptocurrency designed for the Internet of things. It uses a directed acyclic graph to store transactions on its ledger, motivated by a potentially higher scalability over blockchain based distributed ledgers.
IOTA receives a strong long-term technical score of 69 from InvestorsObserver‘s research based on historical trading patterns. The proprietary scoring system weighs price movement from recent months to a year, analyzes the coin’s support and resistance levels, and where it is relative to long-term averages to determine whether it’s a strong buy-and-hold investment opportunity.
MIOTA currently holds a superior long-term technical analysis score than 69% of cryptos in circulation. This ranking metric is most useful to buy-and-hold type investors looking for strong steady growth when allocating their assets. coins with a high long and short-term technical score can help indicate assets that have bottomed out, providing investors a chance to ‘buy the dip’.
The current trading price of $1.080000000 for MIOTA is -$0.2000000 (-15.95%) below the coins 100-day moving average of $1.280000000. MIOTA meanwhile is $0.7000000 (-2617.09%) above its 52-week low of $0.380000000 and -$1.60000000 (-332.83%) under its 52-week high price of $2.680000000. IOTA’s current price relative to the coins long-term average and 52-week high and low, gives the crypto a strong long-term technical score of 69. The price movement and range of MIOTA suggest that investors are neutral on the coin at this time.
IOTA has a market capitalization of $2,998,723,050.53 and a relatively high average daily volume with $172,657,590.35 worth of the currency traded over the typical 24 hour period. Over the last 24 hours, MIOTA’s volume is below its seven day average with 17,118,496.71 exchanged.
This coin’s subclass Digital Money: Digital Money is an asset, commodity, or currency intended to maintain value and liquidity over time so that it may be used the same way fiat currencies are used.
Trading patterns over the last year for IOTA leads to the coin’s a strong long-term technical score of 69 as its consistency, volatility, and relation to long-term averages has given investors reason to be neutral on the coin.