Is IoTeX (IOTX) Poised for More Gains? Here's How Much Itâs Up Since Launch! đ
IoTeX (IOTX) has come a long way since its launch in May 2018 at an issue price of $0.009. Fast forward to today, and it's currently trading at $0.04496 as per the latest data from Binance. This represents a whopping 5X increase from its initial price. In fact, IoTeX has hit an all-time high of $0.2611 in November 2021, which was almost a 29X increase from the original price!
Whatâs even more exciting is the potential for further growth. With its focus on empowering the Internet of Things (IoT), IoTeX has the chance to disrupt multiple industries by enabling secure and scalable machine-to-machine interactions. Its unique approach could easily see it reach new highs.
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IoTeXâs current market cap sits at $424.74M, with a total supply of 9.44B IOTX and a maximum supply of 10B. This relatively low market cap, compared to its potential, means there could be massive room for growth, especially as IoT becomes more integral to the global economy. Could we see IoTeX go back to its all-time highs or even surpass them?
đ Will IoTeX 10X Again?
With blockchain-based IoT solutions becoming more essential, IoTeX has a strong foundation to build on. Its use cases in decentralized identities, real-world data oracles, and machine networks make it a project to watch. With the right market conditions, IoTeX could soar higher, especially if IoT tech continues to gain mainstream adoption.