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IOTA Price Prediction

IOTA has fundamentally reengineered distributed ledger technology, enabling secure exchange of both value and data, without any fees.

IOTA is the underlying technology for many ground-breaking use cases. We will discuss about some of the use cases of IOTA which can start affecting IOTA price.

Mobile and Automative

The amount of data and financial transactions that will be produced by connected mobility devices is staggering. How to securely collect, evaluate, and use this information to benefit people, cities, manufacturers, and mobility providers is a critical question in the industry today. With IOTA, data and financial transactions generated by connected mobility can be processed securely, privately, and without additional transaction fees.

Digital Identity

Decentralized Identifiers serve as a reference to a DID Document. This document contains data such as public keys, enabling the holder to prove ownership over their personal data. Verifiable Credentials are statements about the holder. They can be verified online or in person, and the holder decides who to share them with. This framework has various use cases, including: Address Validation, Age Verification, Authority Login.

Global Trade and Supply Chain

IOTA can simplify collaboration and provide trust between traders, governments, logistics and end-consumers. Today’s trade is complex and costly, still based on paper documents, siloed data and inefficient coordination.

At every point in the supply chain data must be verified before goods exchange custody. By leveraging IOTA’s tamper-proof distributed ledger, trust can be established between actors and data integrity can be guaranteed. The result is better, faster and more cost-efficient trade.

Smart Cities

Enabling smarter cities isn’t just about how to get access to new data. It’s about how to use and share that data in a way that benefits residents, visitors, companies and local government. IOTA opens city-data silos, giving visibility to residents over how the city is working to improve their quality of life.

 

Let us review IOTA Price

IOTA/USD – Price Prediction

IOTA is currently trading above the support zone of $1.64. As long as it stays above this zone, we could start seeing a move towards $2.19, $2.75, $3.32 and $3.36. Failure to hold the support at $1.64 could lead to a drop towards $1.53 and $1.27.

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Disclaimer

The information discussed by Altcoin Buzz is not financial advice. This is for educational and informational purposes only. Any information or strategies are thoughts and opinions relevant to accepted levels of risk tolerance of the writer/reviewers and their risk tolerance may be different than yours. We are not responsible for any losses that you may incur as a result of any investments directly or indirectly related to the information provided.

Do your own due diligence and rating before making any investments and consult your financial advisor. The researched information presented we believe to be correct and accurate however there is no guarantee or warranty as to the accuracy, timeliness, completeness. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence. Copyright Altcoin Buzz Pte Ltd. All rights reserved.

 

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