How high can IoTEX (IOTX) crypto go after its recent rally

3 min read | November 04, 2021 08:55 PM AEDT | By Manu Shankar

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How high can IoTEX (IOTX) crypto go after its recent rally — Image source: whiteMocca, Shutterstock

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Highlights

IoTeX (IOTX) is the auto-scalable and privacy-centric blockchain infrastructure for Internet of Things (IoT).

The token is generating market interest largely due to its partnership between Travala.com.

The users can now use the token to pay for flights, hotels and other travel accommodations using IoTeX token.

Ranked 85 on CoinMarketCap, the IOTeX is trading at US$0.154660 with a 24-hour trading volume of US$$2,14,63,20,509.

IoTeX (IOTX) is the auto-scalable and privacy-centric blockchain infrastructure for Internet of Things (IoT). Being decentralised in nature of users and businesses, it offers a strong secure, and most scalable blockchain platform in the market.

How high can IoTEX (IOTX) crypto go after its recent rally?

IOTeX has been on a roll since Thursday morning and has garnered a lot of interest from the investors. The token is generating market interest largely due to its partnership between Travala.com. The users can now use the token to pay for flights, hotels and other travel accommodations using IoTeX token. IOTeX can also be used to pay for transactions, stake and manage the IoTeX network, and register new devices.

Also read: Why Bifrost (BFC) crypto can be a long-term investment option

Why is IOTeX so unique?

IoTeX is the backbone for smart machines which ranges from home devices to smart vehicles. Being compatible EVM-compatible blockchain, it provides flexibility and scalability to various DApps as well.

IOTX’s EVM-compatible "Layer 1" blockchain solution powers the network transactions and smart contracts, and it also allows the community to become a part of the IoTeX Network.

IOTeX as an investment option

IOTeX is governed by its token IOTX and has been one of the popular coins within the crypto industry. Ranked 85 on CoinMarketCap, the IOTeX is trading at US$0.154660 with a 24-hour trading volume of US$$2,14,63,20,509. At the time of writing (BST 7:00 am), IOTeX was up by 92.28% in the last 24 hours. IOTeX has a live market cap of US$1,47,55,80,847 USD with a circulating supply of 9,54,07,79,324 IOTX coins.

Also read: Why investors are so keen on TRAC crypto

IOTeX presents a great investment potential for investors who are looking to invest in token for long-term investment in mind. The IOTeX has in fact been one of the most aggressive cryptocurrencies in 2021. The crypto has achieved good growth in the past one year, which is what is drawing the investors towards it. Traders expect the price to rise by + 92.31%. and is expected to move up to US $192.31 by 2026.

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