The live IOTX price today is $0.12 with a 24-hour trading volume of $172.7 million. the token has been trending the whole week and gained 10% in the last 24 hours.
Look no further than this short article for the details on its native token IOTX, whether it’s worth investing in, and the best places to buy it now.
Top places to buy IOTX now
What is IOTX?
Starting as an open-source project in 2017, IoTeX (IOTX) built a decentralized platform to empower the open economics for machines. This was conceived as an open ecosystem where people and machines can interact with guaranteed free will and trust.
IoTeX developed an EVM-compatible blockchain from scratch using the innovative Roll-DPoS consensus. It was launched in April 2019.
On top of the IoTeX blockchain, the team created the essential blocks of infrastructures to connect with Ethereum, BSC, and Heco blockchains. IoTeX helps EVM-based DApps scale without concerning expensive gas fees.
The blockchain also features middleware such as Decentralized Identity, Confidential Computing, and Secure Hardware to enable self-sovereign devices like Ucam. It has been deployed to thousands of households.
Should I buy it today?
According to Statista, the Internet of Things sector could be worth more than $1.5 trillion by the end of 2025. As a sector token, this development could impact IOTX positively. On the other hand, it could fall victim to the fickle volatility of IoT.
IOTX price prediction
Gov Capital predicts a slight increase for IOTX – to just $0.15 in a year’s time. In five years, it will have risen to $0.61.
Wallet Investor is more optimistic. They see the token rising to around $0.19 in 2023 and $0.61 in February 2027.
Trading Beasts is very slightly bullish, estimating 1 IOTX will only increase to $0.12 this year. It will trade for $0.16 at the end of 2025.
IoTeX on social media
IoTeX 1-week social activity:
Galaxy Score™ 72.5/100
AltRank™ 2/3,530
8,325 social mentions
19,894,604 engagements
43 social contributors
0.07% social dominance
1,218 shared links
Price +52.45% to $0.12 https://t.co/lpg45MQe3B$iotx #iotex— Showkat1747 (@show1747) February 11, 2022