Very recently, IOTA launched the smart city hackathon, which would be hosted by Hackster.io which is the largest hardware oriented community in the world. In the long run, this might help streamline IOTA's protocol. Not only that, IOTA foundation partnered with the startup incubator Nova and aims to fund new startups through "Iota Cofoundery" program, focusing on the early stages of startup development.
What is IOTA(MIOTA)?IOTA (MIOTA) is a distributed ledger designed to record and execute transactions between machines on the Internet of Things (IoT) ecosystem. IOTA’s platform uses a Decentralized Acyclic Graph (DAG) instead of blockchain used by other systems. The non-profit foundation behind IOTA's platform has also inked agreements with prominent companies, such as Bosch and Volkswagen(German), to extend its platform’s utility among connected devices.
IOTA wants to become the standard mode of the transaction between Internet-connected devices in the future. MIOTA would enable micropayment transactions between connected devices. For instance, it might enable you to purchase grocery items from an e-commerce site using your Internet-connected fridge.
Market Prediction for IOTA priceAs the market is pretty volatile, predicting the price of any cryptocurrency would not be an easy task, that too for the 13th largest cryptocurrency in the world. But the investors are pretty optimistic about this cryptocurrency. Let's have a look at the forecasts given by some of the investors or the websites:
#1 Mega Crypto PriceThis crypto prediction website predicts that IOTA might reach $1.13 by 2019 end, which is a very conservative prediction. They even mentioned that by 2020, IOTA might reach $2.37 and bt 2023, $4.88.
#2 Long ForecastLong Forecast predicted that by 2020, it is expected that the coin may be valued between $0.52-$0.60. Even Long Forecast forecasts that IOTA might get devalued by 2020. This forecast is not only conservative but too bearish.
#3 Smartereum
Smartereum predicts that IOTA might reach around $38 by the end of five years. This indicates that they believe that IOTA might increase threefold in five years.
#4 Digital Coin PriceDigital Coin Price predicts that by 2019 end, it might hover around $0.50 and by 2020, it might go up to $0.60 and has the greatest possibility of reaching $1.22 by 2025 according to this website. This is again a pessimistic bearish forecast.
#5 Trading BeastsTradingbeasts.com is a website which regularly updates IOTA predictions based on the historical data. According to them, the IOTA price prediction 2020 varies between a minimum of $7.06 and maximum of $10.38.
#6 Crypto GroundCrypto Ground believes that IOTA might reach surge upwards and reach $5.627 by 2023.
Read here in detail:
https://coinswitch.co/news/iota-price-prediction-2019-iota-price-to-touch-4-usd-by-2019-latest-iota-news-updateAlso let me know all your thoughts..
Newly launched smart city hackathon exactly will help to improve IOTA's protocol if it is hosted by Hackster! IOTA has a long way to go further. I believe that project itself kinda resembles some kind of game which has items/rules written in Tangle technology. It's interesting, fascinating and attractive at the same time. I found another
article presenting the future of IOTA. Have a look!