As cars become more advanced and connected through the use of IoT technology, they will generate significant amounts of data that can be used for various purposes such as predictive maintenance, traffic management, and even autonomous driving. We believe that IoT technology will play a significant role in the advancement of autonomous driving. In order for cars to become connected, IoT is necessary.
We anticipate that the market for autonomous driving cars will become increasingly prevalent, similar to the growth of electric cars. Overall, the growth of vehicle technology is expected to drive the growth of the IoT market by creating new opportunities for data generation and analysis, improving safety and security, and facilitating the development of smart cities.
Security is a top priority, and Raullen Chai, the co-founder, and CEO of IoTeX, has a strong background in this area. He previously worked for companies such as Google, Uber, and Oracle, and holds a Ph.D. from the University of Waterloo, where his research focused on designing and analyzing lightweight ciphers and IoT authentication protocols.
We believe that IOTX is currently the best option for IoT on the market and in the crypto space, and it may show unexpected growth in the future. Our analysis has led us to believe that the internet of things will become a new trend and IOTX will enter into a new range of bull trends. IoT is necessary for the functionality of AI.
Based on our analysis, we expect IOTX to reach a value of $0.41 USD in the coming time, it's a coin that can go step by step until it breakout. However, it's important to always do your own research and trade safely. Keep in mind that, if there is real hype on the coin, the price action could go much higher, but we will have to wait and confirm this over time. This is not a coin that is recommended for trading, but it's worth keeping an eye on it.