On its way up there, IOTA beat some of the prominent names in the game. Litecoin, Dash, and Monero were left behind as IOTA took a lead over them. Some tailwinds are working in its favor, which spell a bullish IOTA (MIOTA) price forecast for 2018.
IOTA Cryptocurrency Adoption by IoT Industry Could Multiply Its Price
In case you missed it, IoT is a next-generation technological concept under which smart devices connect and interact with each other. IOTA, which seemingly derives its name from the same concept, has centered its development around IoT technology.
Take note that IOTA was trading for pennies on a dollar just about a week ago. Soon after the news of the big partnerships made headlines, the IOTA price shot through the roof.
In fact, if you compare its performance with Bitcoin, you’ll be surprised to find that, in recent days, it has outperformed the cryptocurrency heavyweight by a huge margin.The IOTA to USD price is currently hovering oround $4.00 and, from where I see it, the IOTA price doubling from here seems like an imminent possibility.
IOTA’s recent boom seems like a dream. It’s natural for new investors to feel giddy. But if you’ve bought in, don’t be too hasty to sell.
As they say in the crypto-world: Hold On for Dear Life (HODL)! That’s because IOTA may be breaking the $5.00 barrier sooner than you think and heading straight for the $10.00 mark in 2018.