IOTA (MIOTA) has made tremendous progress in terms of technical development in 2018. In spite of the bear run, IOTA has looped in a growing number of partners. One of the most significant partnerships that IOTA has garnered this year is the Audi research partnership. In the last 5 months, IOTA has been involved with an Audi think tank on research into electric cars, and the application of IoT technologies in mobility. This research seems to have borne fruit if a post by Audi’s Malte Schonfeld is anything to go by. Malte posted that,
“What an awesome experience! The last five months we had a great time at the #AudiDenkwerkstattBerlin, working in cross functional team with #IOTA on a new project. With the focus on enabling trust for the user in #mobility we pushed a new use case to reality…”
Though Malte did not offer any further details, it is clear that there is a major breakthrough in the partnership between IOTA and Audi. It is not coincidental that Audi recently announced that it was investing 14 billion euros in e-mobility. On the 4th of this month, Reuters ran a story that Audi was looking to pump in this money into self-driving cars. As per the Reuters article, Audi has a 5-year plan on electric mobility, autonomous driving and digitalization. Therefore, if Malte’s announcement is anything to go by, IOTA will in the middle of the plan to take the electric car market head-on. This is a big deal because it will add a huge deal of value to IOTA, if Audi electric and autonomous vehicles run on the IOTA tangle.
For IOTA (MIOTA) investors, this is a big deal and makes IOTA (MIOTA) heavily undervalued at current prices. IOTA (MIOTA) is currently trading at $0.215, a more than 90% correction from its all-time highs. For any other crypto asset that has nothing much going on, this massive correction is a source of concern. However, for IOTA (MIOTA) investors, it is an amazing opportunity to accumulate. That’s because the intrinsic value of this DLT has shot up.
IOTA’s value in the market is now far much higher than when speculative FOMO pushed it to over $5 a coin. Today, IOTA (MIOTA) has working relationships not just with automobile companies, but in related industries as well. For instance, there is a chance that it could play a disruptive role in related industries such as the car insurance industry. All these make it heavily undervalued, when trading at under a dollar, especially when it could have apiece of the pie in a 14 billion euro investment by Audi.
While price predictions are hard to make in this market, all indicators are that IOTA (MIOTA) will at some point in the future outperform its all-time highs. It hit those highs when it hadn’t achieved half of what it has achieved in 2018. As such, with everything it has achieved, and much more in the pipeline in terms of potential partnerships, IOTA’s future prospects look good. It’s risk-reward potential looks favorable to investors.