When you are talking about the IOTA price developments? Then you’ll always end up on the story of the Internet of Things. The more real applications there are, the higher the MIOTA value will be. The IOTA blockchain is completely set up around the Tangle. This is a unique structure that will enable millions of transactions per second. This makes IOTA a success without a doubt. On what else is the IOTA price based and what can we expect for the future?
The basis of the IOTA price is not only built on the predictions for the future. Car manufacturers and programmers are already working with IOTA. They are working on applications within the self-driving car. And the ability to share data more quickly is essential here. As soon as the first cars take to the road with this technology, the demand for MIOTA will immediately increase. After all, it is the fuel behind the technology.
In addition, the law of supply and demand is at least as important here as the community. Just like many others we keep a close eye on partnerships and developments. People like to invest in something they believe in. With IOTA this is just that little bit easier. It is exactly clear which problem this blockchain solves. And although there are competitors, they are still miles behind. They don’t really seem to be able to become a problem.
What does the future hold?
The future of IOTA depends on developments in the field of IoT. Are the refrigerators really going to do their own shopping? Will the car drive itself and pay the local tolls? Then the demand for MIOTA rises sharply and the IOTA price will show a clear increase.
There is no certainty in terms of prices. Yet the future for this blockchain seems very bright if you believe in the Internet of Things.