This year, apart from inscriptions and meme coins, the most popular concept is the artificial intelligence sector. In the past, FET surged 6.5 times, an increase of 6503%, and later, WLD increased 11 times, a surge of 1133%!
The increase is indeed huge, but compared with it, it really pales into insignificance!
IOTX, this currency has been rising for 20 consecutive months in the last bull market, gaining 25335%, making a profit of 253 times, which is terrifying!
So what exactly does IOTX do? Why is capital so hyped?
IOTX-Etanstar
IoTeX (IOTX) is an auto-scalable and privacy-focused blockchain infrastructure for the Internet of Things (IoT). IoTeX is committed to building a next-generation blockchain platform that supports IoT applications with lightweight, private and easily scalable disruptive blockchain underlying technology. The IOTX token is an important part of the IoTeX network ecosystem and is used for transferring money, running distributed applications, and motivating community participants.
Project Introduction
IoTeX was founded in 2017 as a Silicon Valley open source project. It built a network architecture from scratch (no forks) and designed solutions for IoT use cases. IoTeX's mission is to create an open and trusted IoT ecosystem, committed to enabling all people and machines to freely interact with each other and exchange value in a secure, trusted and privacy-protected environment. Combining blockchain, secure hardware, privacy computing and other technologies, the IoTeX network allows trusted data from trusted devices to be used in trusted DApps.
The IoTeX team consists of more than 30 top engineers and scientists from Uber, Google, Intel, Facebook and other top technology companies. Currently, the IoTeX network is maintained by more than 70 nodes from all over the world, including Blockfolio, CoinGecko, DraperDragon, etc.
IoTeX is a fully decentralized open ecosystem with native token (IOTX). The IOTX token has a variety of uses. Its goal is to ensure trusted, transparent and secure interactions between various entities in the IoTeX network, including nodes, stakeholders (voters), developers, service providers and users, etc. . The IOTX token and the IoTeX token economy complement each other, establishing a complete set of economic and reputational incentive mechanisms, further strengthening the concept of decentralization of the IoTeX network, and fully applying it to IoT products "empowered by IoTeX".
In the IoTeX network, each subject accesses and uses various network resources by using, staking and destroying IOTX. As the utility of the IOTX token increases, its demand and value will continue to grow, continuing to incentivize many participants to support, maintain and service the IoTeX network.
IOTX Token Distribution:
The IOTX token distribution is designed to enable the long-term stability and growth of the IoTeX network. The project raised 25,000 ETH in a private sale in February 2018, representing 24% of the total supply. Community Development receives 6% to provide resources for community engagement. 15% is allocated to the IoTeX team to align their interests with the success of the project. Ecosystem development accounts for 18% to promote partnerships and collaboration. Roll-DPoS mining earns 12% to incentivize network security and efficiency. Finally, 25% is reserved for the Foundation to guide the strategic direction and governance of the project. The distribution structure is designed to create a balanced, sustainable ecosystem.
So, is IOTX undervalued?
Its potential is far more than the current price. With the rapid development of the Internet of Things, the integration of blockchain technology and the Internet of Things represented by IoTeX will bring unprecedented commercial value and practical applications. We may foresee that more IoT devices and DApps will be born on the IoTeX network in the future, which will further drive the overall price of IOTX.
However, investment always comes with risks. Competition in the crypto market is extremely fierce, and IoTeX also faces challenges from other projects. But it is these challenges that make IoTeX more determined to walk on the road of innovation, constantly improve itself, and meet future challenges.
Is IoTeX worth investing in?
In a world of IoT-focused initiatives, IoTeX truly stands out for its significant progress and determination to achieve its core goals. While this article does not provide any investment advice, it is important to note that IoTeX is clearly fully committed to bridging the IoT and blockchain technology landscape. The project’s broad line-up of pioneering solutions and strategic collaborations, as well as its rapidly expanding ecosystem, have established an unbreakable position for IoTeX to become a serious player in this specialized field.
IoTeX's continued expansion and determination to improve the security and efficiency of IoT devices shows its huge potential. Nevertheless, it is important to remember that the world of cryptocurrency and blockchain will be unpredictable. Therefore, investment decisions should be carefully considered based on in-depth research and should be made in accordance with personal financial situation and goals.
IOTX 2024/2025 Price Prediction:
Whales still own a large amount of IOTX at a staggering 87.14%. This allows it to withstand massive downward trends.
By the end of 2024, the price of IoTeX may rise to a potential high of $0.10948.
In contrast, the lack of mass adoption and reduced industry influence could push the price down to a bottom of $0.05692. As a result, the average price could drop to $0.07720 by the end of 2025.
As of 12:00 on April 3, 2024, we just got news that IOTX has received US$50 million in investment!
This is the prediction of market fundamentals, so what about the technical side?
1⃣️The long-term indicators are still bullish and are expected to hit the 0.12-0.145 range by the end of this year and the first half of next year
2⃣️The mid- to long-term trend can be entered when it falls back to 0.0435/0.052 to get the mid- to long-term trend
3⃣️In the short term, pay attention to oversold opportunities in the 0.052-0.062 range!
