The IOTA Foundation is behind a

project whose objective is to commandeer the world of Internet of Things (IoT).

Even so, the coin that will power that revolutionary hyper-connected world is

trading at around 30 cents, with billions in circulation and pre-mined. Regardless

of price, it’s the possibilities and low competition that supporters are

convinced the next bull wave would see the asset’s price spike to $55 when IOTA

has control of 10 percent of the IoT space.

According to a cryptocurrency analyst, Taipei Style, IOTA has the potential to surge 18,333 percent to $55 within a tentative time frame—which maybe years upon the complete roll out of 5G internet. In a tweet, the IoT fanatic and an ardent supporter says IOTA says the progress towards domination would happen in lock steps.







If #IOTA would be responsible for 1 percent of the Internet of Things spend, that would mean a market capitalization of $ 15 billion. With a participation of 10%, this value would already be $ 150 billion.



150 billion USD = rate of 55 USD/MIOTA

分享者 Bitcoin_Julko pic.twitter.com/hJQkKiwXSo — Taipei Style (@change5168) May 4, 2019









First, with a one percent control, its market cap would increase to $15 billion in a market which he believes is worth $1.5 trillion. If the participating rate should increase to 10 percent, then IOTA’s market cap would be around $150 billion. At this point, the IOTA price would be $55, and Taipei believes it is feasible.

Note that the last cryptocurrency

market Bull Run in 2017, IOTA reached at an all-time high of $5.25 with a market

cap of $14.5 billion. If the cryptocurrency attains that price again, then it

would account for 1 percent of the transactions on the IoT space as its market

cap retest the $15 billion level. However, that is unlikely and should it

happen, then there could be a complete shift with IOTA consensus algorithm first

of all functioning as designed and coordicide implementation flawless.

His sentiment comes a few days after another

supporter argued that all IoT firms planning to be relevant should begin accumulating IOTA coins.

The IOTA bull cites ground breaking tech and a multibillion dollar market that

companies are beginning to explore. Although critics argue that IOTA platform

is not simply a network and not designed to harvest true value in data like

what competing centralized companies—like Amazon Web Services, Google

and Microsoft are testing and improving on; the vast market is what would pique investor interest.

It is projected that by 2020, more

than 30 billion devices will be connected to the internet of things and the

sheer amount of data willing customers will be ready to share could be

overwhelming. According to a report by Forbes, the IoT

market will likely expand to $521 billion in 2021 with a CAGR of more than 50

percent spurred by increasing connection and optimism by enterprises.

Despite supporter’s projection, IOTA

is eons from the $55 mark. As we have stated above, the network’s consensus

algorithm would have to function flawlessly, without criticism and

centralization.







Dear @Elonmusk you don't know it yet, but you want it!

You want: -feeless transactions, -free data transactions, -an insurance use-case for a Tesla, which is already working!, – a scalable architecture and -everything set up by a non-profit foundation! #IOTA pic.twitter.com/OKgQbjipTb — Tangleblog.com (@tangleblog) April 30, 2019









Then again, IOTA must have strong

partners within the manufacturing space as they roll out products with IOTA as

facilitators. It’s only when there is complete trust that IOTA could expand to

above $55.

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