- IOTA is preparing for the launch of IOTA 2.0 and an alliance with Ethereum, seeking to transform its environment and improve its position.
- IOTA’s technological advancement in 6G and asset tokenization promise a faster, smarter and more secure future.
From Abu Dhabi, it was announced in November 2023 that IOTA has been developing a solid foundation with its Distributed Logging Technology (DLT), preparing for the launch of IOTA 2.0 in 2024. This event, along with a strategic alliance with the Ethereum blockchain, is expected to transform IOTA’s environment and enhance its position in the cryptocurrency market.
What to expect for IOTA in 2024
IOTA is poised to spearhead the 6G revolution, with patent CN117176593A ushering in a new era in network technology. This innovation, along with the introduction of IOTA 2.0 and real-world asset tokenization (RWA), is projected to raise the price of MIOTA to never-before-seen levels, potentially reaching a new high of $6.
It highlights a promising future for IOTA, with the launch of the IOTA EVM on March 31, 2024, aimed at modifying the Shimmer network by adding smart contracts and staking rewards.
The imminent launch of the IOTA Ethereum Virtual Machine (EVM) promises to change the Shimmer network by integrating smart contract and staking rewards functionalities. In addition, the IOTA community eagerly awaits the IOTA 2.0 test network in Q2 2024.
The possibility of forming prominent partnerships in the RWA market indicates a positive outlook for IOTA.
Shimmer Academy’s analysis, referring to the previous bull run where a price of $2.50 was achieved without the influence of RWAs, IOTAEVM or IOTA 2.0, suggests that reaching a $6 target is achievable with stable IOTA 2.0 trading at Shimmer.
Investors maintain an optimistic view on IOTA’s future, motivated by its patents in 6G, leadership in tokenized assets and the expanding billion-dollar RWA market.
At the time of writing, the price of IOTA is $0.2477.
