Bullish in the near term, short-term $0.1, this year's target $0.5
IoTeX's secondary market performance has made a lot of big moves in the past week. After a wave of adjustments, the price has been bullish with the financing benefits, and it is expected to break through $0.1 in April.
Since the bull market officially started in October last year, it has risen by about 3 times, which is not particularly much. The current coin price is less than 0.09, and there is still about 70% distance from the historical high of 0.25 in November 21, so there is at least the potential to double.
The current market value is about 700 million, because it will soon cover the two hot sectors of AI and DePin, plus an investment of 50 million US dollars. I personally think that if the bull market peaks at the end of the year, the reasonable valuation will be at least around 3 billion US dollars, that is, there is still about 6 times of room to reach around $0.5.
Note: The above is not a financial advice. The risk of the crypto market is very high. Please invest according to your personal risk preference.
