What is the Price Potential for IoTeX?
What is the price potential for IOTX? Well, to answer that let's first look at what the most recent twitters users are currently talking about by searching $IOTX!
As you would discover, there is some action and I believe some potential since the market IOTX is like you might guess, IoT... the Internet of Things!
I think the Internet of Things is going to be one of the largest markets blockchain applications may serve and IOTX currently sits on a market cap of around 28 million with a potential of no less than 10x!
IOTX is Delivering Unique Products from the Blockchain...
So one of the things I first looked into when I saw price action last month in IOTX was what exactly they were all about and was surprised to find that they are about to soon come out with some cool hardware operated by a secure blockchain based network.
Maybe I am just not aware of anything else like this, but as far as I know there isn't any competition for blockchain based webcams, which might be a huge entry point for them for some major users of their products.
So let's review what the IOTEX team has coming out over the next year or so...
Pebble Tracker
The Pebble Tracker is a product the IOTEX team has created hardware that runs on the blockchain powered by their native IOTX token and provides developers who purchase this hardware a solution to keep their data tamper proof and secure.
Learn more about the Pebble Tracker from their announcement post here
AvoBoard
The next product coming from the IOTEX team is the Avoboard. This trusted hardware delivers everything the blockchain currently has to offer to the IoT to delivery a private, data secure, network.
You can pre-order an Avoboard here.
UCam
Probably the most anticipated IOTEX hardware product of them all is the UCam. It's the first webcam to be run on a blockchain based platform.
I personally think this is what is going to help launch IOTX status since there are so many crypto community members who are going to purchase these and tap into the IOTX ecosystem as a result.
Learn more about IoTeX's UCam here
IOTX CoinMarketCap
Source: IOTEX / CoinMarketCap.Com
Current Set-Up for IOTX
We have ourselves a nice bullish hammer set-up for IOTX / BTC on Binance.
Source: What Is a Hammer Candlestick? Investopedia.Com
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