Overview of IOTA
IOTA is a distinctive cryptocurrency that was launched in July 2016. Unlike traditional blockchain-based digital assets, it utilizes a novel architecture known as the Tangle. This structure is designed to facilitate feeless microtransactions and data integrity for the Internet of Things (IoT) ecosystem.
The current price of IOTA (MIOTA) is $0.1570**, reflecting a decrease of **6.58%** over the last 24 hours. The trading volume during this period was approximately **$11.4 million. After opening at $0.1639 today, the price experienced a decline but showed resilience by rebounding from lower levels.
Detailed Market Performance
Key Metrics and Rankings
- Market Capitalization: $479.9 million (Ranked #106)
- Fully Diluted Valuation (FDV): $722.1 million
- Circulating Supply: 3,057,265,852 MIOTA
- Total and Maximum Supply: 4,600,000,000 MIOTA
- 24-hour Trading Range: $0.1570 - $0.1683
Price Context and Historical Performance
The current price sits significantly below its all-time high (ATH) of $5.17**, representing a decrease of roughly 96.96%. Over the past 52 weeks, MIOTA has traded between a low of **$0.1014 and a high of $0.6155, indicating a period of substantial volatility. Compared to its 30-day performance, the current price is down approximately 20.39% from its peak but remains over 11% above its lowest point in that period.
Comparative Analysis
When compared to other cryptocurrencies launched in 2016, IOTA demonstrates above-average trading activity. The average 24-hour volume for coins from that year is around $5.4 million, while IOTA's volume of $11.4 million is more than double that figure, suggesting sustained investor interest.
Trading and Exchange Information
IOTA is actively traded on 31 different exchanges. Liquidity, defined as the volume available within ±2% of the current market price on supported exchanges, provides ample opportunity for entry and exit.
For those looking to dive deeper into trading strategies or explore advanced market analysis tools, a wealth of information is available. 👉 Discover advanced trading analytics
Returns, Volatility, and Risk Assessment
Understanding historical returns and volatility is crucial for evaluating any investment.
Return on Investment (ROI)
- 3-Month ROI: -5.51%
- 6-Month ROI: -56.27%
- 12-Month ROI: +0.29%
Volatility Metrics
- 3-Month Volatility: 40.77%
- 6-Month Volatility: 68.72%
- 12-Month Volatility: 101.01%
The maximum recorded drawdown for MIOTA is -98.63%, highlighting the importance of risk management strategies.
Technical Analysis Snapshot
Technical indicators provide insight into market sentiment and potential price movements. Here is a summary of key signals:
Momentum Oscillators
- RSI (14): 49.05 (Neutral)
- Commodity Channel Index (20): -25.41 (Neutral)
- Williams Percent Range (14): -38.26 (Neutral)
- Ultimate Oscillator: 52.38 (Neutral)
Moving Averages
The current price is trading below all major Simple Moving Averages (SMA) and Exponential Moving Averages (EMA), from the 10-period to the 200-period. This consistent positioning generates a strong "Sell" signal across these trend-following indicators.
Other Indicators
- Average Directional Index (14): 52.38 (Sell - indicating a strong trend)
This technical picture suggests a bearish trend is in place, though several momentum indicators are in neutral territory, potentially signaling consolidation.
The Tangle Technology
IOTA's core innovation is its Tangle technology, a directed acyclic graph (DAG) that does not rely on miners or validators in the same way as a blockchain. This design aims to eliminate transaction fees, enable high scalability, and make it ideal for machine-to-machine (M2M) transactions and data transfer within IoT networks. The network is fully pre-mined, meaning all tokens were created at genesis and are not mineable.
Frequently Asked Questions
What is IOTA (MIOTA) used for?
IOTA is designed as a backbone for the Internet of Things (IoT). Its feeless microtransactions and data integrity features are intended for use cases like smart cities, supply chain tracking, and autonomous vehicle data exchange.
How is IOTA different from Bitcoin or Ethereum?
Unlike Bitcoin's blockchain, IOTA uses the Tangle, a DAG structure. This allows for parallelized transactions, no fees, and theoretically infinite scalability. It is not a smart contract platform like Ethereum but is focused on data and value transfer for machines.
Where can I buy and store IOTA?
MIOTA can be purchased on numerous major cryptocurrency exchanges. It requires a compatible wallet that supports the IOTA network; official Firefly wallet is commonly used for secure storage, as storing on exchange wallets carries inherent risks.
What does "Fully Diluted Valuation (FDV)" mean?
FDV represents the theoretical market cap if the entire maximum supply of tokens were in circulation at the current price. It helps gauge the potential future dilution of the asset's value as more tokens are released.
Is IOTA a good investment?
As with any cryptocurrency, investing in IOTA carries significant risk due to its high volatility. Its value is tied to the adoption of its underlying Tangle technology within the IoT industry. Thorough research and understanding of the project's goals and market conditions are essential.
What caused the price to drop so significantly from its all-time high?
The entire crypto market experienced a major correction after the 2017 bull run. Like many altcoins, IOTA's price receded from its peak. Its performance is influenced by broader market trends, project-specific developments, and adoption progress. For a comprehensive view of market cycles, 👉 review in-depth market analysis