- IOTA is beating the odds and riding the bullish trend in push for $1.
- With globally recognized collaboration and adoption, IOTA price is generating the relevance to soar in months ahead.
The price of IOTA has yet to return to its all-time high (ATH) of $5.69 in this bull market cycle. However, it has benefitted immensely from the associated hype. Given the IOTA price outlook, there is a growing debate about whether the coin can breach the $1 mark next year.
The IOTA Price Ambition
The IOTA price is in an uptrend, having rallied 8.01% to $0.2769 in the past 24 hours. The coin has recorded intense price swings on different timeframes as it tries to breach the $0.3 resistance zone.
Despite the strong selloff at this level, IOTA has bigger ambitions to hit $1. While its year-to-date growth is below par and crests at a high of $0.4195, the current trend signals an impending breakout.
In the trailing week, IOTA’s price jumped by 27.14%, with its monthly growth at 144.64%. If this momentum is sustained in the short term, it might breach the $0.4 resistance level.
The IOTA 1W price chart hints that the coin has a Relative Strength Index (RSI) 70. Though oversold, the coin still has a higher bandwidth to expand its rally. IOTA is yet to max out its growth potential compared to its core rivals in the industry.
The Bollinger Bands indicator also limited volatility, confirming consolidation above the $0.25 floor price. Based on its outlook, several platforms are projecting the future price of IOTA.
According to Use The Bitcoin, the IOTA price could hit a high of $4 by the end of 2025. With an average price of $2, the platform teases a worst-case scenario of $0.4 for the coin. According to an earlier CNF report, many believe IOTA will keep soaring per its ties to economies like the US, UAE, and Africa, completing the $4 projection.
The Adoption and Use Case Advantage
Since its inception, IOTA has carved a niche in the Web3 ecosystem through its interconnected technologies.
The protocol is currently dominating the Internet of Things (IoT) ecosystem. IOTA’s solutions offer intense speed, low cost, and easy programmability to turbocharge the IoT industry.
Over the past years, the protocol has inked a series of partnerships. As noted in a CNF report, IOTA is powering Realize’s tokenization agenda for US Treasuries. Per the report, Realize, a firm based in the UAE’s international financial center, Abu Dhabi Global Markets (ADGM) —announced the launch of the Realize T-BILLS Fund on IOTA.
The regional leap has further placed the spotlight on the network in general. Overall, the core developers have continued to work on upgrades to help position the chain for ongoing evolution in the industry.
With the positive outlook across the board, IOTA price may achieve the $1 mark with the bullish trends ahead.
