Our IOTA price charts are an easy reference for current IOTA prices. In addition to displaying the current live IOTA price, our interactive charts allow you to examine historical IOTA prices.
Above are live IOTA price charts. These charts can be viewed on multiple time frames and may be a useful tool for both short-term traders as well as long-term investors. Charts can be used to spot trends in the price of an asset, or to look for areas of price support and resistance. We also offer pricing charts for ethereum prices, litecoin prices, ripple prices, dash prices, bitcoin cash prices, monero prices, bitcoin prices, and nem prices.
IOTA is a cryptocurrency that designed to facilitate transactions and the recording of them. Like other cryptocurrencies, IOTA is an open-sourced distributed ledger, however, IOTA differs from many other cryptos in a major way: it uses directed acyclic graph technology rather than blockchain. Transactions made using the network are free regardless of how large they may be, and it can handle an unlimited number of simultaneous transactions. IOTA was founded in 2015, and was first introduced in June of 2016.
Cryptocurrencies like IOTA can be used to make remittance and to send or receive payments. IOTA and other cryptos could eventually gain a large market share of the payments industry, as they can potentially provide a rapid, convenient and secure method for sending and receiving funds anywhere in the world. Some merchants already accept cryptos as a form of payment, and global acceptance of these forms of currency is likely to expand.
Cryptocurrencies like IOTA have gained in popularity in recent years due to the possible benefits they may provide. Cryptos provide a simple, secure and convenient way to make payments, and may offer a low-cost solution for remittance. IOTA and other cryptos can be used to send funds anywhere in the world, and may offer a cost savings compared to other means such as bank wires or ACH payments.
Not only that, but these payments are extremely fast-no need to wait 14 or even 30 days for a check or electronic transfer to settle. There is also no need to perform a currency conversion, as IOTA and other cryptos are the same all over the globe. Payments sent or received internationally may also avoid foreign transaction fees that may be charged by credit card providers. The technology behind IOTA is reported to be extremely secure, and more global commerce may be facilitated using such technologies as they establish a longer track record of speed and reliability.
Price charts are not just for short-term traders. Long-term investors can also potentially take advantage of the possible benefits that charts may provide. A chart is simply a graphical depiction of price action for a given period, and it allows the investor to get a very quick idea of how prices have been performing.
Long-term investors may look to buy assets or add to positions on any significant price dips. A chart can be used to measure any declines, or to determine possible areas of price support that may offer a long-term value. Charts can also be used to identify tradable technical patterns in the market. Examples of tradable patterns includes but is not limited to: head and shoulders tops or bottoms, double bottoms, wedges and triangles.
Investors are drawn to IOTA and other cryptos for numerous reasons. These technologies typically offer a limited number of coins, tokens or units. Due to the limited supply, rising demand for them could potentially send prices higher. If IOTA and other cryptos really take off and become more “mainstream,” demand for the currencies potentially send prices significantly higher from current levels.
These digital currencies could eventually challenge other traditional means of payment as a preferred method, and could gain a large market share of the global payments market. Because cryptocurrencies are decentralized, they also cannot be manipulated in the same way as the fiat money supply. A cryptocurrency supply cannot be expanded or contracted like the supply of paper money, and this could potentially allow such currencies to hold more value over time compared to fiat currency.
There is no one “best” cryptocurrency. Different cryptos may offer differing features and even use different technologies. If you are looking to invest in cryptocurrencies for the long-run, you may consider purchasing numerous cryptocurrencies to diversify your holdings. These currencies can, however, be compared on such issues as transaction cost, security, reliability and global acceptance. More and more choices may also come available as these currencies become increasingly popular.