IOTA (MIOTA) has seen a lot of price variations from the beginning of the year and even seen the price reach its peak at the end of May. Even afterward, the price of IOTA managed to stay stable until the bears took hold of the crypto market in July. Then onwards, the price of IOTA has been continually on the downslide. From the beginning of the year, the price of IOTA has been fluctuating in the range of $0.24 – $0.50.
IOTA Price Analysis:
IOTA was trading at $0.3687 on January 09, 2019. Then, it slid to $0.2489 on February 02, fall being to the extent of 31.87%. Then, the price picked up some pace and reached $0.3619 on April 06, rise being to the extent of 45.09%. When the bulls set in, the upward momentum continued and IOTA price reached a high of $0.4959 on May 31, the upward swing was a whopping 93.70%. The crypto market then started showing volatility and the price kept falling and reached $0.2721 on July 16 had a massive fall to the extent of 44.52%. With the bears in full swing, IOTA remained mostly below the baseline price and slightly recovered to $0.3103, the rise is to the tune of 14.02%. Today the price of IOTA is at $0.2742, the fall being to the extent of 11.64%.
IOTA has undergone many variations in its price since the beginning of the year. The bear market has managed to put pressure on its price since July. IOTA is expected to recover and get back to its upward momentum by the year-end as the coin has shown ability in the past to recover and have a steady momentum. Wait and watch is the phrase for IOTA as the short-term trend will tend to be bearish.
Investors should look at the potential of the coin and invest accordingly. Day traders will have to maintain patience due to the current crypto market volatility.