IoTeX (IOTX) is the native token of a Layer-1 blockchain focused on bridging real-world devices and decentralized applications through trusted IoT data and AI use cases. The token is used for transactions, staking, and governance within its ecosystem.
Currently trading around ~$0.005–$0.006 USD, IOTX has lost most of its value from its 2021 peak near $0.26, reflecting long-term drawdown and liquidity challenges.
Market pressure persists, with recent price underperforming broader crypto trends and technical indicators tilted slightly bearish in the short term.
A recent delisting of the IOTX/ETH pair on a major exchange could dampen liquidity temporarily, though the asset remains tradable via other pairs.
On the positive side, IoTeX achieved full EU MiCA compliance, a bullish regulatory milestone that could open doors to institutional involvement and regulated infrastructure adoption.
Long-term narrative hinges on adoption of DePIN and real-world AI data networks, but investor confidence and trading volume remain key hurdles.
@IoTeX Network $IOTX #IOTX+AI #iotx