IoTeX (IOTX) Analysis

Market Cap

$656,224,910 USD

Volume (24h)

$77,550,669 USD

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Ranking factors:

  • Markets

    How many exchanges are there to trade this coin?

    IoTeX Markets Rank: 6/100

  • Volume Ratio

    How actively is this asset being traded on the market?

    IoTeX Volume Ratio Rank: 12/100

  • Market Cap

    The total cost of all coins available.

    IoTeX Market Cap Rank: 99/100

  • 24h Change

    Is the price moving up or down?

    IoTeX 24h Change Rank: 48/100

  • Social Following

    How many users are following this coin?

    IoTeX Social Following Rank: 92/100

  • Google Trends

    How many users are searching for the coin?

    IoTeX Google Trends Rank: 13/100

  • Twitter Citation

    How many users are talking about this coin in Twitter?

    IoTeX Twitter Citation Rank: 49/100

  • User Voting

    How popular is this coin among Cointobuy community?

    IoTeX User Voting Rank: 98/100

IoTeX investment analysis

IoTeX is a project meant to bridge the gap between future IOT devices. It works much the same as IOTA's proposed solution, however, they prefer to utilize side chains rather than a DAG-based tangle approach. It's arguable whether this makes them any better of a solution, and this creates a problem.

While they claim to cater to a different niche, the details behind that are still foggy, and it doesn't appear they have much to bring to the table other than a different algorithm.

IoTeX is targeting smart home applications that will allow for users to create their own subchains in order to preserve privacy. They also present autonomous cars as a use case, which would allow these vehicles to communicate with different providers privately within their own sub chains. While they present some interesting use cases, the fact is that they don't really stand out.

IOT is the newest buzz word though, and that doesn't mean they won't make any gains, however, for those looking to make an IoTeX investment, they should be careful that they don't buy into a pump, only to be sorely regretful later.

IoTeX investment price
IoTeX expected Profit

The tool analyzes each currency for the 6-month historical price data, searches for possible patterns and showing possible profit rate in the coming months.

IoTeX Potential Price

The tool analyzes each currency for the 6-month historical price data, searches for possible patterns and showing the possible price in the coming months.

IoTeX Rating

The current coin position in cryptocurrency rankings by Safety Rank and Potential Profit.

by Safety
by Profit
historical data

How to buy IoTeX?

While there's only a few exchanges where you can buy IoTeX, there's at least one high volume and highly reputable option available on which to do it. Bitcoin holds the bulk of the liquidity here, but there's also some wiggle room using Ethereum and US Dollar Tether if you would prefer to use one of those assets to make your trade.

This is an Ethereum based asset known as an ERC20 token. That means that you'll need a wallet that can store these tokens in order to secure your investment. There's a ton of options available for this including several hardware wallet options like Ledger, but you could also use Meta Mask or even a multi-asset option such as Coinomi for Android and iPhone. Make sure to always back up your wallet file or seed in order to protect your investment.