Read everything about the IOTA Price.
Follow the IOTA price in euro
In the widget displayed above, the overall performance of the IOTA coin can be observed for the last 24 hours in an interactive chart. The values are displayed for 24 hours because crypto never stops trading throughout the day. One can notice the current IOTA value by looking at the top left corner of the chart.
Just like Bitcoin, Ethereum, and other cryptocurrencies, IOTA can also be traded throughout the day round the clock. Unlike traditional stock markets, which are traded during fixed hours during weekdays. The usually followed business hours are from 9 AM to 5.30 PM. Just like all other cryptocurrencies, IOTA is also traded throughout the year without any break. It means that even at weekends when all big companies are in an idle stage, crypto trading is still ongoing.
Furthermore, the chart given above also has the option to display the value of IOTA for different time durations like seven days (7D), thirty days (30D), for an entire year since its start (YTD) and since the first listing (ALL, stand for all time). The chart also provides the current conversion rate of IOTA in euros, provided at the bottom of the chart.
MIOTA price in euros and dollars
The information provided below this text enables the users to have a thorough insight into the performance of IOTA during the past 24 hours, for the last seven days and even for the past month. The values are presented both in euros and dollars. Furthermore, the other things presented in the table include the highest price, the lowest price, and market volume for the past 24 hours. The market capitalization value and the total amount of IOTA coins are also presented in the same table.
To switch between EUR and USD you have to click on them.
Disclaimer: It is to be noted here that the prices given above for IOTA may vary by a few euros or dollars. This is due to the provisioning of the values by two different suppliers.
The history of IOTA’s price
The history of IOTA trading and its price fluctuation has been turbulent, experiencing many ups and downs. The first significant increase in the price was observed in August 2017. After that, the price gradually decreased in November 2017.
Soon in December 2017, the highest price for IOTA was observed because of increased interest by big companies like UC Berkeley and Refunite. However, the start of 2018 brings a decrease in IOTA’s price yet again. Another increase in price was observed in April 2018. But, since then, the price started declining and became somewhat constant at around 0.45 USD.
IOTA has gained interest from many world-renowned companies like Microsoft, Volkswagen and BOSCH. The project joined hands with Microsoft in November 2017, when it launched its first public data marketplace using distributed ledgers. After that, IOTA became partners with two famous automobile companies Volkswagen and Ford.
In 2018, IOTA also joined hands with some other big companies like BOSCH, Audi, and Fujitsu.
In 2019, IOTA became partners with yet another automobile company Jaguar for its Land Rover along with signing MOU with Engie Lab Crigen. Moving ahead, IOTA continued its partnership streak and joined hands with Trademark East Africa in 2020 to help ease trade in African countries. Some other companies which started using IOTA in 2020 include Biota E.V., NKT AS and VENOC.
Recently, IOTA has introduced its first decentralized TestNet for IOTA 2.0, named as Pollen. 2020 was not a very good beginning for IOTA. At the start of the year IOTA experienced that there was suspicious activity with the IOTA Trinity wallet. Immediately after that IOTA stopped all transactions for over a month. At March 10th the IOTA tangle was successfully restarted.
IOTA historical prices
The table below shows the historical price of IOTA for the past week.
How is the IOTA price established?
Just like every other asset that is sold worldwide, the price determination dependent on supply and demand, also crypto prices are determined by using the supply and demand relationship. The cryptocurrencies which are relatively new in the market are highly influenced by market manipulation and the bidding patterns of the investors. If the demand for cryptocurrency exceeds the amount available for supply, then the price increases. On the contrary, if the amount of IOTA coins existing in the market is more than the actual supply, then the IOTA price will go down.
The balance between supply and demand is not the only factor affecting the price of IOTA; there also exist some other influencing factors. For example, with a rapid increase in the IOTA value over time, more people are becoming influenced by Fear Of Missing Out (known as FOMO) . Moreover, the role of social media in attracting the investors, especially the young ones, investors making critical statements about IOTA, and the positive and negative news about IOTA. The positive news will lead to a positive impact on the IOTA price, causing it to increase, whereas the bad news will pose a bad effect causing the price to decrease.
IOTA price prediction
We are not fortune-tellers, so we can not predict what the future will be. But one thing is for sure that people will migrate towards the digital currency manifold. However, we are still unsure about the price of IOTA.
IOTA also exhibits a volatile nature, so predicting its real price is not an easy task. Therefore, no matter how many predictions we make in light of the existing literature, the IOTA price predictions will still not be close to reality. Moving on, due to the circulation of cryptocurrencies in the news and coming up with partnerships with potential ventures, a positive future for IOTA is ensured, just like most of the other cryptocurrencies.
Further, the development team behind IOTA is also continually striving to bring in new features, which will, in turn, lead to a positive price outcome for IOTA.
What do you need to take into account with the IOTA price?
IOTA is not a thing for classical traders because of two significant reasons. These reasons are the volatile nature of the IOTA price and the rapid fluctuations in the price. This volatile nature also brings with it high risks. Therefore, it is not a good investment option for impatient investors as one prominent investor can influence its price with just a single order.
IOTA is also considered a defensive investment entity, investors should not spend more than what they can afford to lose. The reason is that the news of people getting rich investing in crypto is widespread, there exists a bad side as well, where people often lose all of their investments. So, we recommend doing proper research before investing in crypto.
Frequently asked questions about the IOTA price
How often is the price updated?
The values of IOTA price are real-time values and are updated instantly. However, due to the dependency upon different suppliers, the delay of a few milliseconds can be encountered during the update of these numbers.
Can I see both EUR and USD prices?
Yes, the price of IOTA is displayed in two different formats, which are dollars and euros. The graphs presented in this document have the option to switch between USD and EUR.
How far can I look back in the past?
The visitor is provided with the opportunity of looking at the values of IOTA from its first listing in the year 2017.
What other information can I see?
Other than seeing the real-time price of IOTA, the reader is also provided with the opportunity of looking at different other things, which include market capitalization, the difference in prices for the last week, last month, and the entire last year. The highest and lowest price for the last 24 hours and the total volume can also be observed.