As a craze in the market, the Depin concept indicates that there may be an outbreak in the bull market.
Of particular note is #IOTX , a currency at the forefront of the Depin public chain that is in a period of popular development.
Project Description:
IoTeX (IOTX) is an auto-scalable and privacy-centric 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 Analysis:
The rise of the RWA sector was due to the launch of a RWA fund by BlackRock, which stimulated great enthusiasm in the market for tokens that BlackRock may favor, and promoted the surge of the RWA sector.
It is worth noting that IOTX’s IoT protocol and RWA’s concept of tokenizing real-world assets not only complement each other, but also demonstrate the deep connection between the two. Therefore, IOTX has its place in the RWA concept.
With the linkage between the two major sectors of Depin and RWA, the market outlook is even more exciting.
Personal analysis:
As the flagship of the Depin protocol and the focus of the RWA sector, IOTX plans to work closely with SOL. Its application prospects in Depin technology, combined with the natural fit between the IoT protocol and the RWA concept, indicate that IOTX will become the focus of attention.
Price prediction:
From the perspective of Zhou K, Xingqing will become much clearer.
The price hit a bottom of 0.01287 on June 21, 2021, and started to climb slowly and steadily from August 21, 2023
The trend is very healthy and steady, and the current price position has returned to the double shoulder position of the previous bull market's rise and fall.
With the relative optimism of IOTX’s track and this year’s market,
Price prediction: 0.058 - 0.15
