MIOTA Price Analysis July 2022

MIOTA is a coin of the platform IOTA. Its current price is around $0.27 by the time of writing, with a low of $0.232, and has a market cap of 772 million dollars.

What is IOTA?

IOTA implements the Tangle ledger designed to document and execute transactions between machine-to-devices in the Internet of Things ecosystem. They use their cryptocurrency, MIOTA, for transactions on their network.

The IOTA protocol has re-engineered how data is verified and exchanged in a distributed ledger network. This guarantees security while also eliminating the need for transaction fees. The IOTA Lightpaper for Business offers an introduction to the challenges many businesses face and details how IOTA can meet those needs. It also features some great examples of the limitless potential of this innovative technology.

What is MIOTA?

MIOTA is the coin of the IOTA platform, which is around $0.27 by the time of writing, with a low of $0.232. It reached a high of $2.08, and its current ranking is #54 according to CoinMarketCap, with a market cap of 772 million dollars. It is a digital currency that can be exchanged for services on the IOTA platform.

MIOTA Coin Market Analysis 

It has a total supply of 2,779,530,283 coins worth around $0.27 with a market volume of 18 million dollars, whereas the market capitalization is 772 million dollars at writing. 

MIOTA Price Prediction

The community is huge, and the coin will be considered a good investment opportunity. Its average price might be around $5 by 2025. Given current predictions, consider it a good buy. On the 1D timeframe, the price action of $MIOTA/USDT has marked the Daily High range, low and mid-range. The price action is playing out within the Zones level. Currently, it got reversed from its Horizontal Resistance level.

Miota Price Analysis July 2022
MIOTA Price Chart July 2022

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Closing Thoughts

Discipline and Patience are the most important components of a successful trade. According to the above analysis, the coins we just discussed about might make you decent gains if other market conditions prevail favorably. Again, it’s your hard-earned money that you’ll be using. Do Your Own Research before investing.

Disclaimer: Our analysis is for educational purposes.

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Pratyaksh

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