IOTA (MIOTA) is one of the leading cryptocurrencies in the market, probably due to its unique technology made to be “blockless.”
While Tangle is mediating for IOTA in the terms of helping the project acquire many successful and prominent partnerships like Bosch or Volkswagen, MIOTA is seen declining in the market with the latest dip.
The dip is pertaining at its worst, and although it seemed that the price-cutting ended a day ago, the cryptocurrency market met another round of heavy dips where the majority of the market is seen losing on its value.
Moreover, IOTA is definitely not immune to the dips so we can see MIOTA descending by over -11% against the fiat as the market is plummeting with the latest change of trends.
Even some week’s top trading currencies like XRP and XLM are dropping on November 19th, so the question remains will IOTA see further dips or is there redemption upcoming?
IOTA (MIOTA) Price Prediction: Will IOTA See Some Gains?
In less than two weeks, IOTA fell down from the value of 0.50$ to its current price of 0.36$.
That being said, IOTA began this week with more than memorable losses with losing almost -25% against the fiat on its weekly chart.
Moreover, IOTA is showing a negative return on daily, weekly and monthly charts, which means that the currency is in a notable general decline for the past two months, also losing over -60% on its year to date chart.
Based on the previous performance of IOTA in the market, it is presumed that the crypto will keep on losing on its value as the year is coming to an end.
IOTA (MIOTA) Price Today – MIOTA / USD
That is how the price of IOTA can go down to touch 0.28$ per one MIOTA unit, while the currency is set to reach the value of 0.40$ at the ending days of December.
It is considered that IOTA might see some serious price pumps during the beginning of 2019 due to the fact that IOTA and Volkswagen are releasing a new product called the Digital CarPass.
However, based on the current performance of the crypto, reports indicate that IOTA may still be vulnerable to new losses despite the upcoming product.
Can Digital CarPass Pull IOTA from the Dip?
What is interesting about the upcoming product is that not only Volkswagen users will get to benefit from it, but IOTA holders and investors might see an upward trend coming out of it as well.
Since IOTA technology will be the driving force behind the Digital CarPass, the demand for this cryptocurrency might increase as a consequence, which could eventually affect the price of MIOTA in a positive way.
The Digital Car Pass will not only represent a major step forward for IOTA and its technology, but it also stands as a great milestone within the wide array of developing blockchain/based integrations.
It is considered that in case the product turns out to be a success that way affecting IOTA in a positive way, MIOTA might get to 0.68$ at the time despite the current momentum.