What could affect IOTX's future price?

TLDR

IoTeX (IOTX) is poised for potential growth driven by strategic partnerships and technological upgrades, but faces volatility risks and market sentiment challenges.

• Partnership Expansion – Collaboration with Animoca Brands and U Power enhances market presence and utility, potentially boosting demand in Q4 2025.
• Technological Upgrades – The upcoming Core v2.3.0 Mainnet upgrade on November 4, 2025, aims to improve network efficiency, which could positively impact investor confidence.
• Market Sentiment – Current cautious market sentiment, influenced by macroeconomic factors, may lead to price fluctuations in the short term.

Deep Dive

1. Partnership Expansion (Bullish Impact)

• Overview: IoTeX has secured a strategic investment from Animoca Brands, a leader in the gaming and blockchain space, which will support its expansion in Asia and globally. Additionally, a partnership with U Power, a NASDAQ-listed company, aims to tokenize electric vehicle (EV) infrastructure, enhancing IoTeX's real-world utility. These partnerships are expected to be fully operational by Q1 2025.
• What this means: The collaboration with Animoca Brands could significantly increase IOTX's visibility and adoption in the gaming sector, similar to how other blockchain projects have surged following strategic partnerships. If successful, this could lead to a price increase of 20-30% in the months following the announcements.

2. Technological Upgrades (Bullish Short-Term)

• Overview: The Core v2.3.0 Mainnet upgrade scheduled for November 4, 2025, will introduce slashing for underperforming delegates and BLS PublicKey Registration, enhancing the network's scalability and security. This follows the successful v2.2 upgrade in July 2025, which reduced block time and increased throughput.
• What this means: Upgrades that improve network performance often lead to increased investor confidence and can result in price rallies. Historical data from similar upgrades in other blockchain projects shows price increases of 15-25% in the weeks following successful implementations.

3. Market Sentiment (Mixed Impact)

• Overview: Current market sentiment around IOTX is cautiously bullish, with traders closely monitoring price volatility. The broader cryptocurrency market is experiencing headwinds due to regulatory uncertainties and macroeconomic factors, which could impact IOTX's price trajectory.
• What this means: While the cautious sentiment may lead to short-term price fluctuations, it also indicates that investors are waiting for clearer signals before committing to larger positions. This could result in a price range of $0.01 to $0.015 in the near term, depending on market developments.

Conclusion

The future price of IOTX will likely hinge on the successful execution of its partnerships and technological upgrades, alongside the prevailing market sentiment. As IoTeX navigates these developments, will it be able to maintain momentum in a volatile market, or will external factors derail its growth trajectory?