IOTA does not have the same amount of popularity as its competitors. Some of its competitors include Ethereum, Avalanche, or Cosmos. However, it is being used by some applications and businesses for internet of things technology.

Will IOTA reach $100?

While it is possible for MIOTA to reach $100, it is probably unlikely anytime in the near future. IOTA reached an all time high of about $5.69. It currently sits below a dollar.

Is IOTA limited in supply?

Yes, IOTA currently has a limited supply. The max supply of MIOTA coins is 4.6 billion. Although, cryptocurrency projects often undergo changes and it is possible for this number to change in the future.

Where can I buy IOTA?

There are a few places that you can purchase IOTA. Some of these exchanges include CEX.io, Binance, and KuCoin. Users should keep in mind that there may be geographical restrictions associated with each exchange.

David Sønstebø, Sergey Ivancheglo, Dominik Schiener, and Serguei Popov created IOTA in 2015. It is maintained by the IOTA Foundation. All transactions on IOTA must be reviewed by the Coordinator, a node ran by the IOTA foundation that facilitates consensus on IOTA.

What are the disadvantages of IOTA?

The largest disadvantage of IOTA is that the consensus mechanism is centralized. The Coordinator must review every transaction before it is finalized. The protocol has plans to remove the Coordinator with the coordicide upgrade but has yet to implement it.