The crypto bear run that started in January 2018 continues to bite hard, and IOTA (MIOTA) has taken a major beating. At the moment, it is trading at under $0.30, and if the bear run sustains, it could test new lows. However, in spite of this bearish trend, there are strong indicators that the future of IOTA (MIOTA) is bright, and it’s not just speculation. One of the factors that guarantees IOTA (MIOTA) of growth, are the moves that its partners are making.
Volkswagen is one of the recognized IOTA partners, and from the moves they have been making, they could open up the use value of IOTA (MIOTA) in the future. One of the biggest moves that Volkswagen has made is to invest in electric car charging infrastructure in China. The company together, with its partners, are investing billions into this venture that is fully in line with China’s goal to move more towards electric cars. So how does this touch on IOTA (MIOTA)?
Well, on top of Volkswagen partnering with IOTA on research, IOTA (MIOTA) has proven to be the perfect crypto for electric car charging stations. This was proven by the partnership between IOTA and Dutch company ElaadNL. Through IOTA (MIOTA), the charging and payments is fully automated, making the process efficient and cost-effective.
In essence, once this infrastructure is in place, IOTA (MIOTA) stands in a good position for growth in the future. China is one of the largest car market in the world, and this in itself is a guarantee of growth. The fact that Volkswagen is laying down the infrastructure for growth in other countries is a plus for IOTA (MIOTA) too.
On top of the infrastructure for smart cars, another IOTA (MIOTA) partner, Fujitsu, is going all in into infrastructure that will help IOTA (MIOTA) grow in the long run. In 2018, Fujitsu entered into a partnership with Ericsson to roll out a 5G network in Japan. 5G networks are the backbone to the growth of IoT, and drive up the adoption of IOTA (MIOTA) in the long-run. That’s because, for IOTA (MIOTA) to be at scale, it needs networks that don’t have the data limitations of its current networks. Once these data networks are deployed at scale, IOTA (MIOTA) use cases such as in communication between smart cars and their environments will be easy. This could see the adoption of the IOTA (MIOTA) coin grow at scale.
With such prospects, IOTA (MIOTA)’s prospects look pretty good. This crypto went to a high of $5 when most of what it has achieved now was not yet actualized. This means that in future, when all this infrastructure is in place, and most of IOTA’s partnerships are deeper and more integrated, this crypto will be on a path to exponential growth. The probability of IOTA (MIOTA) hitting upwards of $10 in the future is quite high. It’s the coin to watch, as utility slowly becomes the main driver for growth in crypto.