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IOST Price Prediction 2021 – Will IOST Hit $0.08 Soon?

IOST Price Prediction 2021 – Will IOST Hit $0.08 Soon?
  • Bullish IOST price prediction ranges from $0.037 to $0.067
  • The IOST price might also reach $0.08 soon.
  • IOST bearish market price prediction for 2021 is $0.015.

This IOST (IOST) Price Prediction 2021 article is based on technical analysis alone. Below, you will see the key metrics that we have taken into consideration upon coming up with our IOST price analysis and prediction.

There are various cryptocurrencies that rose to a new all-time during this 2021 bull run. In contrast, some crypto assets also faced a price drop. As a result, many digital currency traders are worried about whether it is time to hold or sell their digital assets. This is also the same situation that crypto traders could experience in IOST.

Nevertheless, the crypto market is consolidating, and many cryptocurrencies are losing their previous profits. Will IOST experience the same price volatility? We’ll find out shortly in this IOST price analysis 2021 article. But first, let’s have a look at what IOST is.

What is IOST (IOST)?

IOST is described as an ultra-fast, fully-fledged and decentralized blockchain network ecosystem with its own nodes, wallets, and related on the next-generation consensus protocol dubbed proof-of-believability.

This platform is led by a team of proven founders and backed by world-class investors. Moreover, the company’s mission is to be the underlying architecture for online services that meets the security and scalability needs of a decentralized economy.

However, the IOST network consists of Nodes run by their community making sure of security, decentralization, and self-governance. More so, the IOST encourages all parties to connect with the Node Partners. Program and help build the IOST environment while earning rewards, sharing profits, and shaping the future of IOST. Furthermore, the low cost, zero barrier, high rewards, no node cap. Registration and voting are forever open.

Now that we are clear about IOST do you think IOST will be beneficial crypto in 2021? Join me and let us see the charts in this IOST price analysis and IOST price prediction.

IOST Current Market Status

As of the time of writing this IOST price analysis, IOST trades at $0.0211 with a 24-hour trading volume of $90,759,738. The price of IOST has increased by 0.05% in the last 24 hours.

Currently, the top cryptocurrency exchanges for IOST are  Binance, OKEx, Huobi Global, Upbit, and BitZ. Now, let’s go to the next part of this IOST technical analysis for 2021.

IOST Price Analysis 2021

Currently, IOST holds 233rd place on CoinMarketCap. But will the latest upgrades, development, and changes in the IOST blockchain help the cryptocurrency price to reach higher? Let’s proceed to the charts in this IOST price prediction article.

IOST/USDT chart showing FallingWedge pattern (Source: TradingView)

In the daily frame chart shown above, we can see the Falling Wedge Pattern. Moreover, this could immediately lead to a price breakout. Moreover, the falling wedges slide down and contain a bullish bias.

More so, this bullish bias cannot be analyzed till a resistance breakout occurs. As a continuation pattern, the falling wedge will slide down further, however, the slope would stay against the predominant upward signal. As a reversal pattern, the falling wedge slopes up and with the predominant trend.

IOST Relative Strength Index (Source: TradingView)

The Relative Strength Index (RSI) is above 41.82, which means that IOST is in a nearly oversold state. With this traders need to stay cautious while trading, turning away from further losses.

Let us also look at the Simple Moving Average (SMA) and the Exponential Moving Average (EMA) of IOST

IOST 30-day SMA and 50-day EMA (Source: TradingView)

Since the start of 2021, IOST’s price has seen many bullish moves which are higher than the previous one. More so, these are followed by fluctuations, consolidation, and corrections right away. Taking this into consideration, IOST has a competitive market this 2021.

IOST Price Prediction 2021

The chart below shows that IOST has performed great over the past few days. Moreover, the IOST price shows a bullish trend. If this trend continues, IOST might run along with the bulls, overtaking its $0.067 resistance level and move higher.

IOST/USDT Price Chart (Source: TradingView)

Conversely, if the investors turn towards the crypto, the bears might take over and push IOST from its uptrend position. In simpler terms, the price of IOST might plummet to almost $0.015, a bearish signal.

Meanwhile, our long-term IOST price prediction for 2021 is bullish. It has a high possibility of reaching new heights. However, that will only happen if it breaks many past psychological resistances.

Conclusion

IOST has a bright future ahead of it in 2021. With the ongoing developments happening within the IOST ecosystem, as well as in the overall crypto market, we may see IOST reach new heights.

Bullish IOST price prediction 2021 is $0.08. As said above, it may even reach its new ATH if investors have decided that IOST is a good investment in 2021, along with mainstream cryptocurrencies like Bitcoin and Ethereum.

FAQ

How to Buy IOST Tokens?

Users can obtain IOST tokens by purchasing them from cryptocurrency exchanges such as Binance, OKEx, Huobi Global, Upbit, and BitZ.

Will IOST Surpass its Current ATH?

IOST is a good investment in 2021. However, IOST has a high possibility of reaching new heights this year.

Can IOST reach $0.08 soon?

Yes, it’s very much possible that IOST might reach $0.08 in the near future as per the current bullish trend.

Disclaimer: The views and opinions expressed in this article are solely the author’s and do not necessarily reflect the views of CoinQuora. No information in this article should be interpreted as investment advice. CoinQuora encourages all users to do their own research before investing in cryptocurrencies.

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Crypto trading has enticed Ananthi Reeta to write for CoinQuora. She consistently contributes news and feature articles. She has covered several different blockchain and crypto niches, especially altcoins.