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In trying to find the most profitable opportunities in the crypto space for our readers, we found an IOTA price prediction that shows gains of 316.66% by the end of 2018.
The IOTA (MIOTA) cryptocurrency stands apart from other digital coins because it is focusing on becoming the backbone of the "Internet of Things" (IoT).
Creators of the IOTA system want to be a trusted conduit for the flow of IoT data by helping connect devices through IOTA's encrypted network.
Clayton Daniel, a fintech investor, believes the price of IOTA will reach $5 by the end of 2018, which is a gain of more than 300% from the price of $1.26 on March 26.
But this forecast could be too conservative, since IOTA's involvement with IoT could produce much higher gains.
Here are some of the reasons why IOTA is not like any other cryptocurrency, and why this price prediction has some real potential…
Why IOTA Is Not Your Typical Cryptocurrency
There are currently more than 1,500 cryptocurrencies, so only the ones that stand out above the others will survive and even have a chance at substantial gains.
IOTA meets the requirements of a strong contender based on its team, which is backed by exceptional experience, knowledge, and diversity.
IOTA was founded in 2015 in Germany by David Sonstebo, Sergey Ivancheglo, Dominik Schiener, and Sergeui Popov.
The code for IOTA was written from scratch, which sets it apart from other crypto teams, who tend to copy the code from a successful coin and make tweaks.
The key to IOTA is that it was specifically designed as a tool for IoT, which means that it also has to have ironclad security, zero transaction fees, and unlimited scalability.
These feats have been largely accomplished through IOTA's data structure, which is called the "Tangle"…
How the Tangle Makes IOTA Unique
If you own Bitcoin, you're probably familiar with how blockchain technology confirms and verifies each transaction on the network.
The Tangle serves the same purpose for the IOTA cryptocurrency, but it is completely unique in that it doesn't sequentially build on prior blocks of transaction data.
Instead of using miners to confirm transactions, each IOTA user contributes to the network's maintenance. Whenever a user makes an IOTA transaction, the software they use randomly chooses two other transactions to check and verify.
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This creates a web-like expanding network that continually adds confirmed transactions as time progresses.
And the structure of the Tangle has three key advantages for users…
First, there are no transaction fees.
Second, it is secure, so it becomes more difficult to launch any sort of directed attack.
And the third, most significant advantage of the Tangle is that it is scalable.
Based on its structure, the network will continue to expand as the volume of transactions grows. There will not be any backlog of transactions waiting for confirmation, which happens in blockchain networks.
All of these features make IOTA a candidate for one of the best cryptos to own right now.
In fact, several industry leaders, companies, and governments already agree…
Major Investors Involved with the IOTA Cryptocurrency
One of the best ways to decide the validity of different cryptocurrency investments is to see who else is involved with it.
When it comes to IOTA, the list so far is impressive…
In 2017, IOTA launched its "digital marketplace," which is a demonstration of its ability to monetize and distribute data.
The companies that participated in the demo included Cisco Systems Inc. (Nasdaq: CSCO), Microsoft Corp. (Nasdaq: MSFT), Accenture Plc. (NYSE: ACN), Fujitsu Ltd. (OTCMKTS: FJTSY), and Deutsche Telekom AG (OTCMKTS: DTEGY).
In February, Taiwan's capital of Taipei announced that it was partnering with the IOTA Foundation for the development of new digital government ID cards.
With these promising developments and partnerships, the price of IOTA could soar beyond a 300% gain…