IOST is an ultra-fast and decentralized network that claims to provide users & developers with high scalability & high throughput on its blockchain. With a market cap of $250 million, the IOST crypto may be a potential investment opportunity for interested users as low cap coins have more room for growth.
This guide reviews the IOST crypto price history and analyzes several IOST price predictions for future years.
IOST Price History
IOST is an ERC-20 token built on the Ethereum blockchain. After raising $35 million in a private sale in 2017 (the IOST project didn’t have an ICO), the IOST token went live in January 2018. There is now a circulating supply of 18.5 billion tokens, with a maximum supply of 90 billion.
Before the token’s public release, the IOST whitepaper described the distribution – 35% of all tokens went to the IOS foundation for ecosystem building and development. Then 10% was distributed to IOST team members and 12.5% allocated to the community as incentives within the ecosystem.
The IOST price began trading at $0.027 in January 2018. IOST started the month of January with strong bullish momentum – reaching an all-time high (ATH) of $0.136 on January 24th, 2018. From the presale price, that equates to a 4x or 400% increase within the same month of going live.
IOST crypto project website
However, the sharp price increase was followed by a sharp price correction. By March 2018, the token fell to the $0.001 level. After temporarily re-gaining momentum to reach the $0.07 levels, IOST went into bearish territory from May 2018. By the beginning of January 2019, IOST token corrected to a price of $0.005.
This marks an 81% price decrease from the price IOST started at in January 2018. By March 2020, IOST plunged to an all-time low of $0.0015. Things have improved for the IOST crypto token after gaining a 770% price increase from the March lows.
Currently, the IOST price is $0.0111, with a market cap of more than $254 million.
IOST Token Price History – Summed Up
- The initial IOST price was $0.027 after it went live in January 2018
- IOST reached an ATH of $0.136 on January 24th, 2018.
- The cryptocurrency corrected to the $0.005 mark by the beginning of 2019.
- An all-time low of $0.0015 was witnessed in March 2020.
- IOST witnessed two bull runs in 2021 when it almost made it to $0.1 mark.
- The token went through a massive downtrend in 2022, hitting 2x its all-time low in December 2022.
- IOST has witnessed some positive trends in 2023, and the token is currently trading around the $0.011 mark.
IOST Price Prediction 2023
As seen previously with our Bitcoin price prediction, cryptocurrencies normally experience a period of sideways momentum during a bear market. However, history has showcased that the crypto markets tend to pick up after the bear market cools down.
Similarly, IOST may provide stability once the global market conditions become more stable. For the IOST crypto, in particular, the token has experienced sharp declines followed by sharp price hikes since 2018.
IOST has the potential to break past the $0.01 level and regain the highs it saw in March 2022. Therefore, we predict a bullish move could see IOST break the $0.04 mark by the end of 2023.
Price analysts such as Technewsleader share the same sentiment. This trading algorithm expects the token to increase to an average price of $0.032 by 2023.
IOST Coin Price Forecast Long Term Outlook – 2025-30 Prediction
A cryptocurrency’s long-term price prediction will depend on the project’s scope and future. The IOST whitepaper has carefully drawn out the future roadmap for the token. This network caters to providing high scalability and transactions to users.
IOST can provide 100,000 transactions per second (TPS) compared to Ethereum’s 20. Furthermore, the IOST network has plans to launch a cross-chain to connect with other decentralized networks and deploy several dApps and protocols.
Since this cryptocurrency is gearing up to provide multiple use-cases via its blockchain and digital asset, we are bullish for the future of IOST.
Our IOST coin price prediction for 2025-2030 also considers technical analysis and the token’s price history. The IOST price chart shows that the token has experienced lower highs since April 2021. The $0.05 and $0.06 levels are key resistance points for IOST.
A break-through from the $0.06 level may trigger a bull-run to the token’s ATH levels. We expect the token to cross its former ATH of $0.01 by 2025-2030. Since cryptocurrency bull runs usually deliver record-breaking highs, the potential of IOST entering the $0.9 price level is not impossible.
The future of this cryptocurrency is through its user adoption and success. With Ethereum failing to deploy a large number of transactions while maintaining low gas fees, users are looking for a solid alternative. IOST token is one such option which may attract users in the coming decade.
Potential Highs & Lows of IOST
Below are some potential highs & lows for the IOST price for 2023-2025:
|Year of Price Prediction||Potential High||Potential Low|
What is IOST Used For?
When learning how to invest in cryptocurrencies, users may want to study the use-cases and features that the digital assets offer. Thus, the sections below discuss the main use-cases of the IOST coin.
The IOST network is a decentralized platform that aims to deploy multiple protocols and features. To connect the IOST blockchain with other networks, the platform launched its first cross-chain stablecoin, iUSD stablecoin.
This product allows users to transfer cryptocurrencies from the IOST network to other blockchains seamlessly. Similarly, the plan is to launch more cross-chain bridges to allow the deployment of more DApps and protocols. For example, IOST is looking to partner with metaverse and play-to-earn projects to cater to the web 3.0 demographic.
Since IOST is interoperable and offers cross-chain solutions, developers can use the IOST network to build their own NFT platforms. While popular blockchains like Ethereum are the go-to choice for many, they are too expensive in terms of gas fees and offer low transaction processing times.
On the other hand, IOST provides high scalability and a fast response time of 0.5 seconds per block, compared to ETH’s 29.5 seconds. Furthermore, IOST is a stable network that has not faced any downtime since its mainnet launch in 2019.
For example, Revival is the first major multi-chain NFT platform developed on IOST. Built on the ultra-fast IOST network, Revival offers users the opportunity to create, buy NFTs and sell them on the IOST network.
The IOST cryptocurrency is the native token of the IOST network. It acts as a multi-utility token and is used on the blockchain to process and transact network fees and payments. The cryptocurrency is also used as a payment method to provide network validators with rewards and token offerings after managing the blockchains.
Users also have the opportunity to stake the IOST coin and participate in voting rights and governance of the platform.
What Drives the Price of IOST?
Several factors may play a role in influencing the price of IOST. We discuss a few of them in the sections below:
Firstly, the top cryptocurrencies tend to play an important role in influencing the market sentiment of other digital assets. For example, altcoins tend to trade upwards when Bitcoin performs well or vice-versa.
Furthermore, the market sentiment can also be influenced by external factors like macroeconomic conditions. In 2022, the global economy has faced uncertainty following rising inflation rates. This has led to price hikes by the U.S federal reserve and bearish market momentum.
In 2023, the crypto market received some hope amidst rumors that the feds might slow down on increasing the rates or delay it, which pushed Bitcoin to its $30k level.- which has had a major impact on IOST tokens.
Thus, investors tend to buy cryptocurrencies when bullish momentum is expected to drive the price of top coins like Bitcoin and Ethereum.
However, further volatility may be expected when you buy Dogecoin and other volatile assets. Low cap tokens tend to attract higher risk, but there is a potential for higher rewards.
After researching the IOST cryptocurrency, there are a lot of blockchain-related use cases that the token provides. IOST acts as a utility token to its network and is used to settle transactions and payments.
Furthermore, DApp developers may tend to favour IOST coins due to their high scalability and low gas fees. IOST network already has 50+ DApp protocols functioning on its network and is expected to grow even further in the coming years.
Where to Buy IOST
Those looking to invest in IOST will need to begin by opening an account on a cryptocurrency exchange that has listed IOST.
We recommend Crypto.com as the best cryptocurrency platform to buy IOST tokens. This global crypto brokerage offers more than 250 + digital assets to trade.
Crypto.com provides users with one of the best cryptocurrency apps, letting investors access token data, listings and trading options on its intuitive interface.
Furthermore, Crypto.com offers unique features to generate income with digital assets. For example, Crypto.com earn is a tool that can be used for cryptocurrency staking and earn an APY (annual percentage yield) in return.
The platform also provides its local credit card feature to avail benefits. With the Crypto.com VISA card, users stand a chance to earn 5% – 8% cashback when buying cryptocurrencies. Crypto.com has some of the most competitive fees when trading assets.
When buying IOST coin or any other crypto assets on the platform, users must pay a maker/taker fee starting at only 0.4% per transaction. However, additional fees may be charged with payment methods. For example, a 2.99% transaction fee is charged when buying cryptocurrencies with a credit card.
See our full guide on how to buy IOST step by step.
Pros Cons Cryptoassets are a highly volatile unregulated investment product. Your capital is at risk. The IOST crypto project is a decentralized platform that attracts multiple DApp protocols and developers due to its high scalability and transaction speed. This guide has reviewed the IOST coin price history and speculated on an IOST price forecast up to 2025. Alternatively, users looking to diversify their investments might look to trade Love Hate Inu. It is a Vote2Earn memecoin with many upsides and unique mechanics for individuals and brands. Currently, $5 million has been raised in its presale, with a hard cap of $10 million. Love Hate Inu - Next Big Meme Coin
What is IOST coin used for?
What will IOST be worth?
Will the IOST token rise?
Is IOST a stablecoin?
Cryptoassets are a highly volatile unregulated investment product. Your capital is at risk.
The IOST crypto project is a decentralized platform that attracts multiple DApp protocols and developers due to its high scalability and transaction speed. This guide has reviewed the IOST coin price history and speculated on an IOST price forecast up to 2025.
Alternatively, users looking to diversify their investments might look to trade Love Hate Inu. It is a Vote2Earn memecoin with many upsides and unique mechanics for individuals and brands. Currently, $5 million has been raised in its presale, with a hard cap of $10 million.
Love Hate Inu - Next Big Meme Coin