The IoTeX project has made a strong impact on the cryptocurrency space. Its mission is to empower billions of devices and dApps. As a result, it has experienced tremendous growth. IOTX has a number of unique features that make it stand out from other cryptocurrencies. As such, it is worth keeping an eye on IOTX coin news.
In the past month, IoTeX has exploded in price and has been featured in several cryptocurrency websites and publications. The currency is rising almost daily, with its price rising as much as 150% in one day. CoinDCX, a cryptocurrency exchange in India, now offers investors the opportunity to purchase IOTX. The purchase process is simple and can be completed in as little as three steps.
The IOTX coin is a native utility token of the IoTeX blockchain, a network that combines blockchain technology with IOT. The coin went through an ICO in February 2018 and has since gained 14 million USD. It currently sits at $0.071, down 38% from its high of $0.114 on 31 March.
In 2021, IOTX coin is forecasted to rise to $0.0616, a peak that could occur on April 15, 2022. In 2023, the IOTX coin could drop as low as $0.0158, with a minimum of $0.0158. In 2021, analysts from Wallet Investor predict that the IOTX price will climb to a maximum of $0.24, with an average trading price of $0.398. By 2028, it could reach $0.50, which is a low point.
In July, the European Central Bank raised its interest rate. They increased it by fifty basis points, preparing for future increases from the Governing Council. This decision has temporarily shifted attention away from digital assets, which lowered the IoTeX price. The insolvency of several renowned brands in the industry has hurt the coin’s value.
The IoTeX ecosystem is a decentralized network that uses blockchain technology to connect devices and humans. The project was founded by Raullen Chai, Qevan Guo, and Xinxin Fan. The IOTX coin has been listed on over 20 leading cryptocurrency exchanges around the world.
The IOTX network aims to create a new network for the Internet of Things. Its open source protocol allows developers to create IoT apps and smart gadgets. It is EVM-compatible, making it easy for developers to port their existing smart contracts onto it. It has a low gas cost and processes transactions instantly. The IOTX network is a platform that enables the creation of more useful applications.
The IoTeX team consists of 40 researchers and engineers from around the world. With the help of the blockchain system, they have already processed more than ten million transactions. This means that the network is capable of scalability.
