IOTA (MIOTA) is a special cryptocurrency designed for the Internet of Things (IoT) network. With Tangle technology (a directed acyclic graph system instead of traditional blockchain), IOTA has the ability to process transactions without fees and can scale effectively, which is very useful in the IoT environment.
The technological potential of IOTA
1. IoT and Tangle: Tangle technology allows IOTA to handle millions of small transactions from connected devices without network congestion, making this coin an ideal choice for IoT applications.
2. Decentralized Identity Solutions (DID): IOTA is collaborating with organizations, including the Taiwanese government, to implement decentralized identity solutions, contributing to enhanced security in digital transactions.
Forecast on the value and potential of IOTA
• Short term: IOTA is currently trading at a low price but is gradually recovering. The forecast for IOTA's value could reach between $0.14 and $0.31 by the end of 2024.
• Medium and long term: IOTA could reach a price of $1 by 2028 and has the potential to continue growing thanks to technological advancements and partnerships.
IOTA does not yet have a high price like some major cryptocurrencies, but its technology has great potential in the field of IoT and decentralized applications in the future. $IOTA $SOL