According to coinmarketcap, the total supply of MIOTA is around 2.78B MIOTA and all of them around 2.77B of the MIOTA are in circulation at the moment. It holds the 43rd rank according to market cap and has a market dominance of 0.17%.
At the time of writing MIOTA is being traded at the price of $1.43 with an increase of almost 2.4% in the last 24 hours. The maximum and minimum today are $1.48 and $1.30 respectively. The daily trading volume has increased by almost 43.11%. MIOTA had created its ATH in April 2021 and reached a price of almost $2.7. The price during the crash dropped down to a price of almost $0.561 in the month of July 2021. Overall the price is moving to higher highs. In October, we saw an increase of almost 28.72%. This month, we have seen an increase of almost 0.20%.
Technical Analysis – IOTA (MIOTA)
IOTA has one of the cleanest charts that I have seen today. The price did an impulsive move upwards after which it started to come down. It can be seen that the price of IOTA has bounced from a point many times. After the first bounce, the price went up and touch the upper side of the channel. The price eventually broke the channel and came back to mitigate the order block that it had created beforehand.
Now the price had broken down and mitigated the same level again. the price had a bounce from where it moved upwards. Now the price is in the same channel. The price for a few days has consolidated before a leg up. The price stayed for a while and eventually broke out moving towards the higher range. The final target can be the last higher high from where the price can eventually face resistance which can drop the price.
Price Prediction – IOTA (MIOTA)
MIOTA is a good investment and is going to provide great returns. Wallet investor considers MIOTA to be a really good investment as well. According to them, in a year the price is expected to reach a value of $2.27. In five years the price is expected to reach a value of $5.36. Traders on the other hand are very bullish on the price and think that it wouldn’t be long before MIOTA moves up to create a new ATH.
