IOST Price Prediction for 2022-2026

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The Overview of IOST Network

IOST stands for Internet of service: the next generation. It is a very fast decentralized blockchain network for high throughput transactions. The project aims to provide a self-operating, trustless network, which maximizes the value of participants and meets security and scalability needs.

IOST blockchain technology is introduced to provide high scalability and secure transaction in the crypto and blockchain industry. IOST claims that it can execute 100000 secure transactions per second with ultrafast blockchain. IOST ecosystem consists of its own nodes, wallets, Dapps. IOST is based on a next-generation consensus algorithm named ‘proof of believability (PoB)’.

IOST has launched in January 2018 by Terrence Wang, Justin Li, Ray Xiao, Sa Wang, Jimmy Zhong, and Kevin Tan. The major investors of IOST include node capital, Zen Fund, Nirvana capital, Alpha coin fund, Huobi, Sequoia, LINKVC, Matrix partners, INBlock chain, metropolis VC, SEQUOIA.

IOST has partnered with topmost corporate for technological as well as performance advancements, major partnerships include LATOKENS, PLAIR, BLOCKFOLIO, COVALENT, ContentBox, Thesis. Recently, the company had partnered with Mycontainer to ensure ease of staking experience for its investors. On October 4, IOST announced its membership in Japan Blockchain Association. It has a partnership with Play2Earn project Zodium to increase NFT and blockchain game growth.

IOST is tremendously widening its partnerships in all the related areas to become a pioneer leader in the smart contract industry. The native currency of the IOST platform is called the IOST token, which can be used to pay fees on the network.

Unique Features of IOST

Smart-contract platform technologies are facing tight competition from each other. In such a competitive industry, IOST tries to maintain its 24th position as per the Center for Information and Industry Development (CCID) global index for the fourth consecutive time among the 37 competitors.

IOST has a mainnet with zero downtime, which had hosted around 587 million transactions. The DeFi ecosystem of IOST can accommodate stable coins such as JPYA, HUSD, and USDA. IOST is looking forward to more partnerships in upcoming years.

The ‘proof of believability’ guaranteed liveliness and safety on fast transactions. IOST nodes ensure decentralization and self-governance. Based on company data, currently, IOST has 571877 accounts, 491 nodes, 1196 contracts are there which is increasing day by day.

As per the IOST whitepaper, the platform proposes unique features such as,

1. IOST has efficient distributed sharding (EDS) an innovative sharding system.
2. TransEpoch- which helps to maintain transaction operability during epoch transitions.
3. Atomix – which is an inter shard atomic commit protocol.
4. Proof of believability: next-generation consensus protocol with the believable first approach.
5. Micro state block-that helps to minimize bootstrapping cost and storage for validators.

All these together make IOST a hope for the future blockchain industry as well as the crypto market.

Current Market Sentiments of IOST

IOST price today trading around $0.02154 with a 24-hour trading volume of $28,294,278.47 on Binance. The total market cap is $399,456,598.25, with a circulating supply of 18,588,745,668 IOST digital coins. The highest price at which IOST coins are traded is $0.1365 which is in 2018. The all-time low of IOST price is noted at $0.001562 which is in March 2020.

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Historical data on the monthly chart shows that after the rise of the initial coin offering IOST traded sideways for a long time. With the ongoing developments happening inside the IOST ecosystem get market acceptance and sideways trend converted to a bullish trend from the starting of 2021. The price change was $0.00420 to $0.09313. The initial three months of 2021 have given 100% return to its investors.

Then reversal pattern has appeared on the weekly chart, IOST after a pullback, IOST has taken support at $0.02252 again IOST managed to reach the resistance level $0.0545, failed to cross the level. The market sentiments for the last month are negative but for the past few days price hanging between $0.046 to $0.0626. It gave a loss of 3.27% last week.

Today, IOST is trading around $0.02525 with a 0.96% gain for the session. The market shows a lot of indecisiveness in the price movement. Traders should be cautious about entry and profit booking on IOST during this time. Investors can wait for an entry above $0.0600 levels.

IOST Technical analysis

The current price of IOST is trading upwards. The minimum price at which IOST traded for yesterday’s session is $0.02493 and the maximum price is $0.02601.

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The latest trend shows that if the price level remains the same, there are changes that the IOST price will come back to the last swing high soon. But the volume is very low in the last few trading sessions. Since the prices are forming lower highs, a bearish signal is visible in the chart.

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Technical set up, the immediate resistance level is $0.043. IOST has to cross the immediate resistance level before a price rise. It is a bearish signal and moving towards the support level of $0.0191. IOST crypto is currently volatile and for the medium-term, the technical set-up is all set to a short-term rise anytime soon.

Analysis of IOST exponential moving average, IOST is way above its 200-day moving average but has not crossed 50 EMA or 20 EMA.

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The major technical indicators such as the relative strength index (RSI) of IOST price shows moderate momentum as it is around 43. The MACD line is just moving with the signal line but not able to cross it which has also not given any confirmation of the trade. IOST trades neutrally for the last week with a low trading volume. Upcoming sessions will be a price hanging or in the same range-bound for the next two to three sessions. But the IOST price forecast system shows that a bounce and break out from this level is expected soon for completing cup and handle formation.

IOST Price Prediction for 2022-2026

The long-term price forecast from our deep IOST price analysis indicates the fact that IOST’S future has a lot of hope for investors. The long-term price forecasts are as follows: