All cryptos are cheap at this moment. However, the concept of cheapness is relative, and not every crypto is undervalued at current prices. Most of them were extremely overvalued and are now trading at fair value. In fact, some may still be overvalued, in spite of the 90% crash in the past year. But even in these confusing times, a few cryptos stand out, as being extremely undervalued, and can only go up from this point onwards. One of them is IOTA (MIOTA). Here are a few reasons why IOTA is highly undervalued.
5G may be controversial, and has even attracted politics, with the U.S seemingly uncomfortable with the leadership of Chinese companies on this front. Nonetheless, the tech is growing in adoption. In the U.S, Trump has asked American companies to step up, and compete with Chinese firms on 5G. In Europe, the U.K, and Japan, adoption of this tech is growing too. These are all indicators that 5G is becoming a reality. So how does this relate to IOTA (MIOTA)? Well, 5G is the tech needed for the seamless connectivity of smart devices, an area that IOTA is looking to gain market leadership. That’s because, with 5G technology, data will no longer be in Megabytes, but in Gigabytes, which makes instantaneous communication a reality. This will make things like smart cities, and large-scale rollout of driverless cars possible, areas where IOTA (MIOTA) has an edge. That’s a huge bullish signal for IOTA (MIOTA).
Unlike blockchain technology, IOTA runs on DAG technology. This makes it highly scalable, and competitive because it doesn’t have transaction costs. These features place the IOTA tangle many steps ahead of the blockchain. As such, IOTA (MIOTA) is one of the best DLTs in the market, and by extension, one of the most undervalued at current prices.