IoTex
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IOTEX: Sensi's Complete Analysis.
Today, I am going to share my view on the crypto projects which I found interesting.Fundamental Analysis: #IoTex $IOTX Astronomical growth of internet made a significant impact on in technological sectors. Iotex, is a technology-based project focusing on Internet of things, Machine Fi (Web3 streams), Data security.IoT Growth Rate:From 2018 to 2023, entire world spends nearly $3607bn in Internet of Things. Statista chart has been attached below to understand the yearly spend on IoT.#IoTex Business model quite benefits from this potential growth of IoT. Simply, Iotex aim is to connect physical world data into cryptocurrency. Real economic value for data generator. Team builds real hardware to connect cryptocurrency with real world data. Ucam, pebbel are some of the products which allow consumer to share real data for the reward of Iotx token. Web3 streams act as a bridge which connects both a world. Development of web3 streams, leverages the iotex projects to include and improve the development of Dapps in native iotex blockchain(network).Technical Analysis:View: Bullish in long term (2-3 years).Price and Chart analysis:Technically iotex is in bearish territory. But recent developments in projects and Geopolitical view on cryptocurrency are changing.In Spot market.* weekly chart, iotx cross the white line after taking support at $0.0128.*Immediate resistance is at $0.0215. *Next Resistance level is at $0.03. *Volume generations is not huge but bullish momentum may continue. #Binancefeed #crypto2023 #Binance
What is IOTX Coin? Future and reviews of #IoTex
What is #IOTX Coin?
The fuel that helps IoTeX realize its dream is the IOTX token. IOTX is used for all kinds of transactions that take place on the platform.
This covers many processes, from one device communicating with another device, to data sharing, to adding a new device to the system. At the same time, IOTX also functions as a mechanism that rewards the participation and contribution of users and developers to the platform.
Who owns IOTX?
The founders of IoTeX are Raullen Chai, Qevan Guo, Xinxin Fan and Jing Sun.
The team aimed to provide a more secure, scalable and decentralized ecosystem to users and businesses by combining the Internet of Things (IoT) and blockchain technology.
The future of IOTX Coin
We know that IoT is a rapidly growing technology today. This situation provides a potential growth area for projects such as IoTeX. However, it is difficult to predict the future of a cryptocurrency or its platform with certainty
Some positive aspects:
As the popularity and prevalence of IoT technology increases, the demand for such blockchain solutions may also increase.
IoTeX is in a unique position in the Sunday with the vision of creating a decentralized and secure IoT network.
However, it should not be forgotten that:
The cryptocurrency market is quite volatile (volatile) and uncertain. Past performance is not a guarantee of future results.
The success of projects such as IoTeX depends on technological developments, sectoral trends and macroeconomic factors.
In a competitive field, IoTeX needs constant innovation to stand out and take a leading position in the industry.
How Much is the OTX Coin Supply?
The total supply of IOTX Coin is 9,443,946,147 IOTX. The maximum supply is determined as 10,000,000,000 IOTX.
#Write2Earn #binance #TrendingTopic
What is #IOTX Coin?
The fuel that helps IoTeX realize its dream is the IOTX token. IOTX is used for all kinds of transactions that take place on the platform.
This covers many processes, from one device communicating with another device, to data sharing, to adding a new device to the system. At the same time, IOTX also functions as a mechanism that rewards the participation and contribution of users and developers to the platform.
Who owns IOTX?
The founders of IoTeX are Raullen Chai, Qevan Guo, Xinxin Fan and Jing Sun.
The team aimed to provide a more secure, scalable and decentralized ecosystem to users and businesses by combining the Internet of Things (IoT) and blockchain technology.
The future of IOTX Coin
We know that IoT is a rapidly growing technology today. This situation provides a potential growth area for projects such as IoTeX. However, it is difficult to predict the future of a cryptocurrency or its platform with certainty
Some positive aspects:
As the popularity and prevalence of IoT technology increases, the demand for such blockchain solutions may also increase.
IoTeX is in a unique position in the Sunday with the vision of creating a decentralized and secure IoT network.
However, it should not be forgotten that:
The cryptocurrency market is quite volatile (volatile) and uncertain. Past performance is not a guarantee of future results.
The success of projects such as IoTeX depends on technological developments, sectoral trends and macroeconomic factors.
In a competitive field, IoTeX needs constant innovation to stand out and take a leading position in the industry.
How Much is the OTX Coin Supply?
The total supply of IOTX Coin is 9,443,946,147 IOTX. The maximum supply is determined as 10,000,000,000 IOTX.
#Write2Earn #binance #TrendingTopic
