IoTeX (IOTX) has been subject to numerous price predictions for 2024 through to 2030, suggesting future growth potential. This Internet of Things-focused crypto has just been launched on leading exchanges, Coinbase Pro and CoinDCX. Further, Alchemy Pay has forged a partnership with IoTeX, integrating the IOTX token into its global payment network. An expansion to IoTeX's narrative has seen a whopping $50 million investment, targeting growth in the next cycle. The Cryptocurrency's community displayed strong support for bridging the IOTX token to the Ethereum network.
The technical analysis of IOTX reveals a descending price triangle, albeit with consistent investor attention.
IoTeX has demonstrated considerable discounts during correction phases, but it has also experienced a steep price increase and was trading robustly above $1b in market cap. Further, IOTX coin is deemed profitable even in its various forecast ranges for 2024-2030. There are positive indications towards IOTX maintaining its profitability despite recent corrections. Overall, the future of the IOTX coin shows tremendous potential and holds solid investment appeal being an innovative blockchain focusing on the Internet of Things.
On a less positive note, IOTX coin has been referred to as a DePIN Meme coin, despite strong performance and innovative push. It might potentially undermine investor sentiment, although the substantial support for the coin indicates a promising trajectory.
IOTX Coin News Analytics from Thu, 22 Mar 2018 14:56:38 GMT to Sat, 28 Dec 2024 05:30:49 GMT -
Rating 6
- Innovation -4
- Information 6
- Rumor 5
