Buy IOTA: Many people confused if it is the right time to invest IOTA and buy IOTA online. But the reality is, no one knows the answer. According to us, IOTA is an innovative project that aims to take advantage of the $267 billion IoT industry by the end of 2020. IOTA has grown over 600% in the last month. So, if you are thinking of investing, this is the right time to get some coins and secure them for your future.
According to our predictions, IOTA should cross 15 USD by the end of 2018. Having said that, there is a high chance that it might correct shortly. Currently, we are seeing an unstoppable run-up. Since this is the stable project, you can’t expect to bull overnight, but for sure this is gonna top the crypto table in the next couple of years.
Where to buy IOTA Coins?
You can buy IOTA from Bifinex and Binance. If you are new, just buy Bitcoin/Ethereum from Koinex and send it to Bitfinex/Binance and buy IoTA in exchange for your Bitcoin or Ethereum. I personally would prefer Binance over any other exchange because of their low fees. If you still do not have your account set up with Binance, I highly recommend you to sign up for Binance.
There are also some concerns that you should consider before investing in IOTA.
- The power game: Just like blockchain, if anyone holds more than half of the computing power, they can control the transactions within the network. Tangle is slightly different in this aspect as it only requires 34% of the network computing power to fraud transactions. To solve this problem, Tangle is currently using a centralized solution known as “Coordinator.” According to plans, they will make it decentralized when the network becomes huge and it is not easy to own ⅓ of the network computing power.
- Lack of testing: The technology is new and there is a lack of testing or peer review for IOTA. Also, the decision of IOTA team to use their crypto algorithm instead of SHA-3 is bringing concerns among the investors.
Where to store IOTA?
You can refer to this article to learn about IOTA wallet. If you are not technical, you can keep them on Binance. Soon, Ledger Nano S will add IOTA to its device. You can get the Ledger Nano S divide here.
My personal View on IOTA
Should you invest in IOTA? Yes, only if you believe in the technology (and not because of the hype). The current series of events have shown great promise. However, you may want to wait for few days to see if there is a dip, as investing now means buying IOTA at an all-time high price.