Projects listed: 276 |
BTC Dominance: 0.00% | Volume (24h): $42,701,210,780 | Market Cap: $2,606,681,665,768
IOTA
IOTA
$0.16
Sector
IoT
Exchange Debut
2017-06-13
Market Cap
530,021,145
Maxim Supply
4,600,000,000
Circulating Supply
3,363,469,350
Circ. Supply(%)
73.12%
IOTA
IOTA
Price
$0.16
Market Cap
Sector
Exchange Debut
Volume 24h
High 24h
Low 24h
9990490
0.165328486547
0.152457737836
Change 24h
Change 7d
Change 30d
-4.4816
-7.6386
-12.1503
Maxim supply
Circulating supply
Circulating supply(%)
4,600,000,000
3,363,469,350
73.12%
The opinion of artificial intelligence (AI), based on the fundamental analysis of the IOTA-IOTA cryptocurrency:
IOTA (MIOTA) presents itself as a unique player in the cryptocurrency world with its innovative Tangle technology, diverging from the traditional blockchain framework. This distinctive approach promises higher speeds and efficiency, particularly for the Internet of Things (IoT) ecosystem. Despite its technological edge, IOTA’s overall score in the fundamental analysis of the IOTA-IOTA cryptocurrency is a moderate 6.86 out of 10. This evaluation reflects various strengths and weaknesses across different aspects of the project.
SOCIAL & MASS MEDIA: Score 7.9 out of 10
In the realm of social and media presence, IOTA scores relatively well with a 7.9 out of 10. Its ability to attract followers on social media is impressive, scoring a high 9 out of 10. This indicates a strong online presence and potential for widespread adoption. However, the activities of social media administrators and community activity on these pages are somewhat lacking, reflected in lower scores. Despite these mixed results, its presence in the media and the size of communities in chat groups are commendable, both scoring a perfect 10.
AUDIT & SECURITY: Score 4.05 out of 10
The audit and security aspect of IOTA is a bit concerning, with a score of 4.05 out of 10. The results of audits are not particularly strong, and while there is some level of transparency in the information available to the public, there’s room for improvement. Liquidity on exchanges is moderate, indicating a need for better security measures and audits to foster trust and stability.
TOKENOMICS: Score 5.8 out of 10
In terms of tokenomics, IOTA has a score of 5.8 out of 10. The project’s approach to inflation is fairly well-received, but there are significant concerns about the centralization of its monetary mass. This centralization could pose risks to the decentralization ethos of cryptocurrencies and might affect investor confidence.
ECOSYSTEM DEVELOPMENT: Score 8.04 out of 10
IOTA’s ecosystem development is one of its stronger aspects, with a score of 8.04 out of 10. The project shows commitment to achieving its objectives and bringing new developments, indicating a dynamic and evolving platform. This is crucial for long-term sustainability and competitiveness in the fast-paced crypto industry.
TEAM & DEVELOPERS: Score 8.08 out of 10
The team behind IOTA is highly experienced, reflected in a score of 8.08 out of 10. Their expertise, particularly in software development, is a key strength. However, the relatively smaller number of developers could be a limiting factor in the project’s capacity to innovate and scale rapidly.
PRODUCT & UTILITY: Score 6.42 out of 10
The utility of IOTA’s product is highly rated, scoring an 8.7 out of 10. This underscores the project’s potential in practical applications, especially in the IoT domain. However, the utility of tokens within the ecosystem is not as convincing, suggesting a need for better integration of tokens in its overall strategy.
PARTNERS & INVESTORS: Score 7 out of 10
IOTA’s partnerships and investor base are solid, with a score of 7 out of 10. This reflects a level of confidence and support from external stakeholders, which is vital for growth and expansion.
Fundamental analysis of the IOTA-IOTA cryptocurrency – The final conclusion
In conclusion, the fundamental analysis of the IOTA-IOTA cryptocurrency reveals a project with significant potential, particularly in its innovative approach to technology and ecosystem development. However, concerns in areas like audit and security, tokenomics, and the full utilization of its tokens within its ecosystem cannot be overlooked. The moderate overall score of 6.86 out of 10 reflects a balanced view of its strengths and areas for improvement. From an investment perspective, while IOTA shows promise, especially in the IoT space, potential investors should be mindful of the risks involved, particularly in the aspects where the project scores lower. The balance between innovative technology and robust security, transparency, and token utility will be critical for IOTA’s long-term success and acceptance in the broader cryptocurrency market.
What is IOTA?
IOTA is a distinctive distributed ledger that diverges from traditional blockchain technology. Utilizing Tangle, a system of nodes for transaction verification, it eschews the blockchain structure entirely. This approach is touted to offer faster transaction speeds and is particularly suitable for the growing Internet of Things (IoT) ecosystem.
Foundational Principles and Goals
IOTA’s foundation emphasizes a miner-free and fee-less structure, which contrasts starkly with conventional blockchain networks. Its primary objective is to facilitate seamless transactions between IoT devices. With an estimated 20.4 billion IoT devices by 2024, IOTA positions itself as a pivotal player in this domain. The distributed ledger technology underpinning IOTA has diverse potential applications, including digital identities, usage-based car insurance policies, smart cities, global trade, and product authenticity verification.
Development and Leadership
The project, initially known as Jinn, conducted a crowdsale in September 2014 and officially launched in 2016. Sergey Ivancheglo, Serguei Popov, David Sønstebø, and Dominik Schiener co-founded IOTA. The team has expanded globally, with members in over 25 countries. Sønstebø and Schiener serve as co-chairmen of the board, while Popov is a board member and research director. Ivancheglo, having resigned in June 2019, continues as an unofficial advisor.
Uniqueness and Technical Aspects
Tangle, technically termed as the Directed Acyclic Graph, retains the secure transaction execution of blockchain but eliminates the concept of blocks. This enables efficient, secure, lightweight, real-time micro-transactions without fees. IOTA is not an alternative to existing cryptocurrencies but an extension, designed to work in synergy with them. Its growing network strength is directly proportional to user numbers, a novel feature in the crypto space. IOTA Foundation operates as a non-profit, focusing solely on network prosperity.
Strategic Partnerships
IOTA has forged significant partnerships, notably with Volkswagen and the city of Taipei, demonstrating its commitment to practical applications and innovation in the IoT and smart technology sectors.
- Latest analysis update: December 22, 2023
IOTA - IOTA performance
GENERAL CRITERIA:
Score
SOCIAL & MASS MEDIA
0
AUDIT & SECURITY
0
TOKENOMICS
0
ECOSYSTEM DEVELOPMENT
0
TEAM & DEVELOPERS
0
PRODUCT & UTILITY
0
PARTNERS & INVESTORS
0
Content description – Go to Metholodogy
Social & Mass Media In this section was taken into consideration the intensity of the activity of the social media page of the administrators , the speed of the community growth, the user interaction with the pages and as well the number of media appearances in the most important trade publications.
Audit & Security In particular, the team looks if the project is audited, how extensive the audit is, at the bug bounty program, if it had incidents or not, at the liquidity on the exchanges and at the transparency of the information provided.
Tokenomics Under this criterion it is analyzed whether the project is inflationary or not, whether it has maximum supply, the percentage of supply released into the market at the time of the analysis, the rate of inflation per year, the distribution of supply in the portfolios as well as the vesting plan.
Ecosistem Development In this section is checked if the project has delivered on time what it proposed in the roadmap, the degree of participation in the project governance of the community, the activity and intensity of the developments published on github and what products or applications the team proposes to develop in the future.
Team & Developers It checks if the team is public, the quality of the team behind the project, the number of members on different domains, the experience in IT, finance and cryptography, the traceability of published information about team members and as well the number of developers in the project.
Product & Utility It checks if there are functional products, the number of users and the revenues generated by these products, the sustainability of the project and the usefulness offered in the cryptographic space and as well as in other fields of activity.
Partners & Investors It analyzes the partners and the degree of their involvement in the project, the capacity of investors and investment funds that can contribute substantially to the development of the ecosystem.
Go to Methodology
Content description
Social & Mass Media In this section was taken into consideration the intensity of the activity of the social media page of the administrators , the speed of the community growth, the user interaction with the pages and as well the number of media appearances in the most important trade publications.
Audit & Security In particular, the team looks if the project is audited, how extensive the audit is, at the bug bounty program, if it had incidents or not, at the liquidity on the exchanges and at the transparency of the information provided.
Tokenomics Under this criterion it is analyzed whether the project is inflationary or not, whether it has maximum supply, the percentage of supply released into the market at the time of the analysis, the rate of inflation per year, the distribution of supply in the portfolios as well as the vesting plan.
Ecosistem Development In this section is checked if the project has delivered on time what it proposed in the roadmap, the degree of participation in the project governance of the community, the activity and intensity of the developments published on github and what products or applications the team proposes to develop in the future.
Team & Developers It checks if the team is public, the quality of the team behind the project, the number of members on different domains, the experience in IT, finance and cryptography, the traceability of published information about team members and as well the number of developers in the project.
Product & Utility It checks if there are functional products, the number of users and the revenues generated by these products, the sustainability of the project and the usefulness offered in the cryptographic space and as well as in other fields of activity.
Partners & Investors It analyzes the partners and the degree of their involvement in the project, the capacity of investors and investment funds that can contribute substantially to the development of the ecosystem.
