IOTA (MIOTA) is a game changer in the world of digital currencies. It is an open source cryptocurrency that features a distributed ledger. Its main aim is to provide secure payments and communication between devices on the IoT. IOTA is a revolutionary digital currency that is unlike most other digital currencies, because it does not make use of blockchain technology.

Exponential Growth

This digital currency has been one of the best performing currencies for the past year or so. MIOTA has grown so much in such a little time.

Ever since January 2018, IOTA has consistently ranked among the top 10 digital currencies based on market cap.

Going Against Market Trends

In the past 24 hours, most digital currencies have been on a losing streak of some sorts. During the last 24 hours, most of these currencies have pretty much followed the trail that Bitcoin (BTC) blazed.

MIOTA, however refused to follow the losing trend, out of all the top digital currencies, this currency is the only one that has managed to stay profitable for a substantial amount of time before eventually giving in.

This currency is part of a very small group of digital currencies that have consistently stayed profitable when all others were losing.

Rebounding

This currency might be resistant to market trends, but that doesn’t necessarily mean that this currency is the most stable of all the digital currencies.

Stability is more of a myth to digital currencies, they aren’t necessarily known for being the most stable investments.

This digital currency has experienced its own share of ups and downs during the last few months. That hasn’t dampened the enthusiasm of market experts concerning the future of this digital currency.

MIOTA 2018 End Of Year Forecasts

All the signs point towards MIOTA rebounding and crossing the $5 threshold before the year runs out. Most market forecasts are cautiously optimistic about the future of this currency in the coming months.

It would take a lot for MIOTA to reach the $7- $8 mark. Market experts doubt whether this cryptocurrency can influence the market drastically enough to reach $8 by the end of the year.

The case of this digital currency is a curious one, we promise to keep you posted on the happenings of IOTA (MIOTA) during the coming months.

In Conclusion

No one can know for sure whether or not MIOTA would rebound to $5 before the end of the year. All we can do is pay attention and listen to the market.