What is IOTA?
IOTA is a cryptocurrency that experienced its big hype in 2017 . This year, the cryptocurrency rose to fourth place among cryptocurrencies by market capitalization. IOTA is a network that was founded in 2016 and attracted many investors early on due to its concept.
The IOTA network should be the basis of the Internet of Things and allow technical devices to communicate with each other. The basis of IOTA is the Tangle, a network of validators, a "three-dimensional blockchain", so to speak. This concept promised massive scalability in recent years.
Why did IOTA rise so massively in price in 2017?
2017 saw a massive bull run towards the end of the year. This was the peak of the bull market and the end of the Bitcoin cycle. At that time, cryptocurrencies rose massively. This was especially true for IOTA. At that time, the MIOTA token rose above a value of 4 dollars and sometimes ranked 4th among the cryptocurrencies by market capitalization.
The rise of IOTA was due to massive hype about the technology of the network and the possible Internet of Things. At that time, the project entered into partnerships with large companies such as Bosch. This led to many small investors investing massively in the token and driving the price extremely high in the bull market.
Why did the cryptocurrency crash happen?
In the years that followed, IOTA was unable to assert itself at the top. Unfortunately, as a result of the hype, the project could not keep the big promises. In the bear market, the cryptocurrency naturally crashed. But over the months, MIOTA continued to fall among the cryptocurrencies on the market.
Internal problems within the IOTA Foundation prevented development from progressing . IOTA continued to struggle, especially with the decentralization within the Tangle network. While modern blockchains have made great strides in decentralization in recent years, IOTA failed to do so for years.
The technical standstill ensured that investors quickly turned their backs and the MIOTA price in the last bull market in 2021 was nowhere near the value of the 2017 bull market.
Can IOTA make it back to the top by 2025?
In the last few months there has been movement in the IOTA network. Most recently, the assembly and the shimmer token were airdropped. Assembly represents the network for smart contracts and Shimmer is the test network for the major update IOTA 2.0. Above all, the problem of decentralization in the Tangle should finally be solved.
With IOTA 2.0, also called Coordicide, it should mean that IOTA can catch up with modern blockchains. This means that the network still has massive potential. In recent years, MIOTA's course has been held back primarily by the lack of technical progress. With the introduction of IOTA 2.0, the cryptocurrency could catch up with the top group of coins again in the next few years.
Is an investment in the MIOTA token worthwhile?
In the coming months and years there is potential for the MIOTA token to rise sharply again. An explanation of the most valuable cryptocurrencies up to the year 2025 cannot be ruled out. The next big bull market could start in 2024 after the Bitcoin Halving. When IOTA has finally developed technically, the course could rise massively.
As a risk investment among cryptocurrencies, an investment in the MIOTA token could be worthwhile at the moment. Cryptocurrency prices are currently very low. Iota has enough potential for the future that an investment should be worthwhile if you believe in the project and its further development.
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