IOTA (MIOTA) Price Analysis And Prediction-Tough End Of The Year For The Coin. Monday, December 10th
IOTA (MIOTA) Price Analysis And Prediction-Tough End Of The Year For The Coin
Throughout the year we have been reporting on IOTA’s latest developments and partnerships. This has always created hype and for the longest time, it seemed like MIOTA would hit its short-term and long-term price goals. Unfortunately, most of these have been hindered by the wider market which has taken a big hit over the past couple of weeks. This has affected IOTA’s prices and it is now looking unlikely that the coin will be ending one of its most successful years- for the project, on a high.
In the last couple of weeks, IOTA has dropped from highs of $0.48 in mid-November to lows of $0.21 going into the first weekend of December. IOTA has now further extended its loss to an unimaginable low for a coin that was soaring in the highs of $5 around the same time last year. These latest drops have shaken the holders and led investors to lose confidence with the project as a whole despite the major milestones it has hit throughout the year.
Following the price reversal that began during the weekend, IOTA holders can be hopeful that the coin will end the year on a high.
At the time of press, IOTA is trading just above $0.24, up by 2% following a wider market surge. On Friday, the coin hit a new year low of $0.21, a position many holders will be hoping is its bottom. Now, they hope that the coin can manage to stay above the position and climb higher, breaking key resistance levels.
Many experts have been calling for IOTA to hit over $1.00 before the end of the year, a key position that could launch the coin for more gains. It now looks fairly unlikely that IOTA ends the year above $1.00, the best holders can hope for is the coin not retracing to its lows. If IOTA can remain in the green zone for the next couple of days, this could strengthen its position and set it up for big gains in 2019.
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