IOTA is a cryptocurrency that, despite a loss of meaning in recent years, continues to have a large fan base. But can the crypto currency in the next few years return to the golden year of 2017 and come back among the top crypto currencies by 2025?
What is IOTA?
IOTA is a cryptocurrency that experienced its big hype in 2017. This year, the cryptocurrency rose to the fourth place of cryptocurrencies by market capitalization. IOTA is a network that was founded in 2016 and attracted many investors early on due to its concept.
The IOTA network should be the basis of the Internet of Things and allow technical devices to communicate with each other. The basis of IOTA is the tangle, a network of validators, so to speak a “three-dimensional blockchain”. This concept promised massive scalability in recent years.
Why did IOTA rise so massively in price in 2017?
In 2017, there was a massive bullrun towards the end of the year. This was the peak of the bull market and thus also the end of the Bitcoin cycle. At that time, cryptocurrencies increased massively. This was especially true for IOTA. At that time, the MIOTA token rose above a value of 4 dollars and partially went to the 4th place of cryptocurrencies by market capitalization.
The rise of IOTA was due to a massive hype around the technology of the network and the possible Internet of Things. At that time, the project entered into partnerships with large companies such as Bosch. This led to the fact that many retail investors invested massively in the token and pushed the price extremely high in the bull market.
Why did the cryptocurrency crash?
In the following years, IOTA could not hold its own at the top. Unfortunately, the project could not keep the big promises as a result of the hype. In the bear market, the cryptocurrency naturally crashed. But in the months MIOTA fell further and further among the cryptocurrencies on the market.
Internal problems within the IOTA Foundation ensured that the development did not go ahead. Especially with the decentralization within the Tangle network, IOTA continued to struggle. While modern blockchains have made great strides in decentralization in recent years, IOTA has not been able to do so for years.
The technical standstill caused investors to quickly turn away and the MIOTA price in the last bull market in 2021 could not come close to the value of the bull market in 2017.
Can IOTA reach the top again by 2025?
In recent months, there has been some movement in the IOTA network. Most recently, there were airdrops of the Assembly and the Shimmer token. Assembly is the network for smart contracts and Shimmer is the test network for the major update IOTA 2.0. Above all, the problem of decentralization in the tangle should finally be solved.
With IOTA 2.0, also called Coordicide, IOTA should be able to catch up to modern blockchains. As a result, the network continues to have massive potential. In recent years, MIOTA’s course has been held back mainly by the lack of technical progress. With the introduction of IOTA 2.0, the cryptocurrency could catch up with the top group of coins again in the next few years.
Is it worth investing in the MIOTA Token?
In the coming months and years, there is the potential that the MIOTA token can rise sharply again. An indication of the most valuable cryptocurrencies by the year 2025 is not excluded. The next big bull market could start in 2024 after Bitcoin halving. If IOTA has finally developed technically, the price could rise massively.
As a risk investment among the cryptocurrencies, an investment in the MIOTA token could be worthwhile at the moment. Currently, the prices of cryptocurrencies remain very low. Iota has enough potential for the future that an investment should be worthwhile if you believe in the project and its further development.