Serious Evidence of an Over-valued IOTA

Get Into Cryptocurrency Trading Today

The number of cryptocurrencies and Bitcoin alternatives continue to increase. Knowing that this virtual currency has serious, the IOTA is now putting forth efforts to improve its operations.

The initial planning of the IOTA took place in 2014 and it was finally launched in 2015. It is an exchange platform that offers users the ability to send each other money in the form of micro-payments. However, unlike most other cryptocurrencies, the IOTA isn’t based on the Blockchain, but on Tangle technology. Instead of using blocks or chains, it is run but a network of nodes that assist in maintaining its function.

With this, the IOTA has one key benefit that other virtual currencies can’t offer… Instant transactions that are free of charge and all of this, because the user is also mining at the same time. And, with this one distinct feature, the IOTA has managed to attract the attention of a few major institution such as the University College of London, Berkley University and Fujitsu. The interest of Borsh Venture Capital also represents an ever-increasing interest in Tangle technology.

Also, the IOTA Foundation has recently confirmed the upcoming arrival of Volkswagen's Digital Service Manager, Johann Jungwirth, to its Supervisory Board.

 

The Report

Last month, IOTA saw a quick-lived rise followed by a significant decline after a misunderstanding about a potential partnership with Microsoft. The virtual currency saw its value climb as high as $5.1, right before it dropped back down to $2.46.

Although the IOTA is ranked 11^th on CoinMarketCap, and it offers its users a few unique features, it has many shortcomings that it has yet to overcome. Recently, these deficiencies were identified by an analysis report by Multicoin Capital.

The report showed that the IOTA is supported by a closed and centralized. Some now believe that this centralization is at the heart of many of the IOTA’s problems. On several occasions, the network has become completely unusable and the report also made mentions that costly hardware modifications will be needed for the platform to reach its full potential. Among several other flaws, the most worrying is its vulnerability to hackers.

After considering the entire report, experts have now concluded that the IOTA is high overrated and over-valued. And, that despite its recent efforts, there are still many improvements that are needed.

The Deal for 2018

Even though it may be over-valued, the IOTA still has a lot to offer. In the coming weeks, experts are waiting to see whether their predictions of seeing the IOTA fall even further will come true or not. Add in the general fear, uncertainty and doubt in the market and you can see why the expected price is quite low.

So, all of this makes it a good time to buy. A good trader always goes against the grain and this strategy is even more effective in the world of cryptocurrency where many of the investors are not experienced traders.

Remember a few months ago when Bitcoin reached $20,000 and the media went into a frenzy about all the overnight Bitcoin millionaires? Then it was time to sell.

Or, a few weeks ago when everyone was saying it was time to buy when the market cap reached a staggering $420 billion?

As always, going against the current with the IOTA may prove to be a lucrative strategy for 2018.

Buy & Sell Cryptocurrency Instantly