An overlooked treasure: iotx! #IOTX #热门话题 #牛市布局

When I was digging deeper into the treasures of the currency circle, a latest report from messari caught my attention. When browsing Binance's transaction data, I found that although the transaction volume of iotx is small, it shows a steady upward trend, which made me have a strong research interest. Could it be that this is the next opportunity that is even better than lpt?

iotx, this public chain focusing on depin, made me see huge potential. When thinking about whether to invest in mobile and other projects that are limited by business development, I realized that investing in the depin public chain might be a wiser choice. The recent data performance of iotx is eye-catching. Its growth momentum is strong and it is becoming a popular target among foreigners.

As a leader in the depin field and recognized by the Western market, what is so special about iotx? I researched further and found:

First, IoTeX’s network transaction fees increased significantly in the fourth quarter of 2023, with a staggering quarterly growth rate of more than 3,000%, reaching $212,000. This data is enough to prove its strong trading activity and market recognition.

Secondly, iotx provides services for the depin project by developing W3bstream. This middleware is powerful and versatile. It is not only suitable for the IoTeX chain, but also favored by many mainstream public chains such as Ethereum, Solana, and Polygon. What is even more exciting is that iotx recently announced its integration with sol, which means that all depin projects on sol can use iotx technology, including popular projects such as rndr, mobile, and hnt.

In addition, iotx also has a good performance in financing. Institutional investors include well-known companies such as Jump and Samsung, among which Jump is known as one of the strongest market makers. It is reported that iotx has completed four rounds of financing, of which the publicly disclosed financing amount in two rounds was as high as US$35 million. Taking into account the lock-in and time costs of financing, we can reasonably speculate that the total institutional financing of iotx may be as high as US$70 million. This financing background undoubtedly provides strong financial support for the future development of iotx.

Judging from the trading volume and circulating market value, iotx also shows good investment potential. Currently, Binance’s 24-hour trading volume is 10 million, which is relatively low, but this also means that the market has not yet fully tapped its value.In addition, the circulating market value of iotx is only more than 200 million US dollars. Compared with the market value of billions or even tens of billions of other mainstream public chains, it obviously has higher room for growth.

When comparing valuations, I found that iotx's FDV is more than 400 million US dollars, but since 40% of the tokens are pledged, the actual circulating market value is only more than 200 million US dollars. Such a valuation is obviously not high for a high-profile public chain. Considering the popularity of the depin field and the popularity of foreigners, iotx, as the first public chain of depin, is expected to have a market value of US$2 billion or even US$10 billion in the future.

Of course, investing always comes with risks. But I think that from a valuation perspective, iotx's risk-to-benefit ratio is relatively reasonable. For those investors who want to find value coins but are unwilling to chase Bitcoin higher, iotx is undoubtedly an option worth paying attention to. Compared with those public chains whose market value has reached tens of billions, iotx has greater room for growth and is more likely to be favored by the market.

Finally, I want to say that investing requires courage and wisdom. Facing the skyrocketing K-line, many people may feel fear and hesitation. But I think that from a valuation perspective, we can look at market fluctuations more rationally. If you are willing to wait for a better entry opportunity, then I think the price around 0.04 may be a good choice. But please remember that there is never absolute security in investing. Only by constantly learning and accumulating experience can we gain a foothold in this volatile market.