IoT Chain (ITC) Analysis

Market Cap

$5,389,663 USD

Volume (24h)

$867,381 USD

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4.2

SAFETY

Ranking factors:

Markets

How many exchanges are there to trade this coin?

IoT Chain Markets Rank: 3/100
Volume Ratio

How actively is this asset being traded on the market?

IoT Chain Volume Ratio Rank: 16/100
Market Cap

The total cost of all coins available.

IoT Chain Market Cap Rank: 87/100
24h Change

Is the price moving up or down?

IoT Chain 24h Change Rank: 55/100
Social Following

How many users are following this coin?

IoT Chain Social Following Rank: 85/100
Google Trends

How many users are searching for the coin?

IoT Chain Google Trends Rank: 10/100
Twitter Citation

How many users are talking about this coin in Twitter?

IoT Chain Twitter Citation Rank: 50/100
User Voting

How popular is this coin among Cointobuy community?

IoT Chain User Voting Rank: 90/100

IoT Chain investment analysis

IoT Chain nicknamed as IOTA of China is a blockchain-based lite operating system that incorporates different technology infrastructures and security concepts to provide solutions to inefficiencies experienced when transferring data amongst connected devices in an internet of things system.

The most frequent types of problem as described by the platform is the need to circumvent the traditional methods of data transfer which is energy inefficient and wastes a lot of computation resources thereby leading to an unreliable network of things.

IoT Chain investment is an important one, having its roots in Shanghai, China; the system is as timely as the blockchain itself. This doesn’t really come as a surprise as the world we know today comprises of so much of interconnected devices that are dependent on the data relay that crosses their network. Investors who are interested in this niche are doing so in a viable market with real future prospects.

$0.061798

+211.1%

$0.192231

243/4138

by Safety

1760/4138

by Profit

How to buy IoT Chain?

Not too many markets are currently trading ITC, but the few of them that do, are with BTC, ETH, and USDT. The exchanges where this cryptocurrency asset is listed are not infamous however are not also that hard to locate, as they have good trading volumes of cryptocurrencies. Some of them are among the top ten cryptocurrency exchanges and so it should be pretty easy for anyone who wants to buy ITC to do so.

IoT is an ERC20 asset type and should be okay to store on myetherwallet or another compatible wallet. Alternatively, if you are interested in storing it on any of the hardware wallets, then the Ledger Nano is a compatible choice. But all that is only necessary if you don’t want to leave it on the exchange, most people do, so as to use cryptocurrencies for trading.

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You can invest in ITC because of the growing niche of the internet of things. The world is changing and at a very rapid rate, one cannot afford to be left behind this great industrial and technological revolution. More so, this coin may have been lumped with a group of undervalued coins, and having learned from crypto experiences, this asset may be brooding on some huge investment prospect.

The solutions being presented by this platform are as real as the problems that are being targeted within the internet space. Smart chips are becoming the convention for most technologically dependent systems, as a larger percentage of the world is looking forward to a more AI-dependent system, there will always be a need for a proof-system to handle strenuous and as redundant a task as repeated daily routine data transfer and communication functions.

The range of applications of interest would include devices and institutions that rely on high-end security features to provide secure communications and privacy across their devices. Secure Identity and verification management systems such as home cameras, street cameras and many more digitally inclined monitoring systems, public transport systems that may incorporate auto payment models.

However, while the traditional route has been the most trod because there were no alternatives to proof the system of leaks not until blockchain tech. With the reliant nodes within the IoT ecosystem, they are able to provide a robust network of things, such that the system should now account for a fast and efficient transfer of data and computation resources with as much minimal waste as possible – negligible at best.

With regards to the security of investment, ITC has been highly promoted in so many blockchain circles as an upcoming investment stride, and a big one at that. The fascinating thing about the project is that they are taking their time to do research and provide a stable environment for their product to thrive.

This can be a good thing as no great technology can come alive overnight - well, maybe in the future we might see one that actually does, however, in the current dispensation, it would require testing and so many mods before it could bring about a stable version of the platform.

Hence, there’s no better time to invest than when the product is still in its nursery and being groomed. This should be considered the most important time of the project when things are still ‘developmental’.

Once the project’s set, the price is most likely to skyrocket because of its use case parameters, however, this is only possible if the project team can pull it off. Remember this is no investment advice, and just an honest IoT Chain analysis.

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