Is IoTeX doing well?
No, since April 6, 2022, IoTeX has been continually going down, decreasing -25 percent. The 200-day line is +-30.88 percent away from where the price is now. It's -45.34 percent away from the 100-day line and -49.24 percent from the 50-day line.
The IoTeX Forecast for 2023
Let's look at the one-year forecast since it is the most accurate of the analysts' predictions.
Analysts offered a wide range of forecasts for the IoTeX price over the next year. The most optimistic forecast for the price target was $0.07, implying an 87 percent increase in 12 months, but the worst-case scenario anticipated a fall to as low as $0.05.
The most up-to-date average price target for the year ahead is $0.06.
That would represent a potential gain of 1.41 percent.
IOTX - Relative Strength Forecast
IOTX - Trend Prediction
IOTX - Price Volatility Prediction
IOTX - Relative Strength
IOTX - Momentum Forecast
What Does the Future Hold for IoTeX In 2025-2030?
IoTeX's long-term prospects look promising. The average price target for IoTeX by the end of 2020 was $0.06, according to three analysts. Their five-year forecast projects the price of IoTeX to be $0.06 by 2025. By 2030, the long-term prediction is $0.07.