The focus could be on products, services, operating systems and protocols designed to support this industry segment. IoTeX wants to be the leading blockchain powering this emerging ecosystem by providing the infrastructure needed to process the vast amount of data that is expected to flow through IoT devices.Īccording to data from market research firm Statista, the IoT could be worth more than $1.5trn by the end of 2025. Processing the data and logging and collecting payments is one of the key aims of the blockchain of IoTeX. And then the sentiment changed and the price went downhill.īlockchains and their smart contracts seem well suited for the Internet of Things (IoT), the connecting of remote sensors and devices that collect and exchange data sometimes for micro payments. It is unclear whether any of these announcements had a direct effect on the price but nonetheless it rose 53% to peak at $0.114 on 31 March. On 21 March the organsiation announced a $100m ecosystem fund, that another major release of the mainnet had gone live, introduced a new NFT, and later that its wallet ioPay 2.0 has gone multichain. In April it has lost 38% of its value so far with the price today (28 April) at $0.071. Read more: IOTA price prediction: upgrades on the horizon?įollowing a price boost from a string of announcements from IoTeX, the IOT blockchain, the price of its coin IOTX turned distinctly bearish.IOTX crypto price prediction: analyst sentiment and price targets.IoTEX news: Pebble Tracker, Chainlink integration and MachineFi. US30 US Wall Street 30 (USA 30, Dow Jones)
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