The IOTA crypto price remains under pressure and is slowly approaching the all-time low amid concerns about its network growth. IOTA was trading at $0.0840, a few points above the all-time low of $0.056 and 98% below the all-time high.
Top IOTA Metrics Have Plunged
IOTA has become one of the worst-performing tokens in the crypto industry this year. Its plunge happened even after the developers launched the Rebased upgrade. Rebased introduced full decentralization, smart contracts, and high throughput, which introduced over 50,000 transactions per second (TPS).
Most importantly, Rebased introduced native staking, allowing investors to earn a yield of over 15%. As such, while the token has crashed by over 60% this year, the real return to stakers is about -45%.
READ MORE: Crypto to Buy in 2026: 5 Utility Picks With Growth Potential
IOTA has become a ghost chain, with developers and users avoiding it. Data shows that IOTA has attracted just three developers in the Decentralized Finance (DeFi) industry. It also has a total value locked (TVL) that has plunged by 26% in the last 30 days to $17.48 million.
IOTA EVM, on the other hand, has 12 dApps and a TVL of over $2.39 million, down by nearly 20% in the last 30 3days. These metrics are much smaller than those of other networks, such as Monad and Plasma.
More data compiled by Nansen shows that the network’s activity is underperforming. For example, the number of active addresses dropped to just 746, making it one of the least active chains in the industry. Also, the number of active transactions dropped by 141% in the last 30 days to just 450,000.
In contrast, the recently launched Monad experienced over 51 million transactions, up by 275% in the last 30 days. Active addresses jumped by 235% to over 1.3 million.
IOTA Crypto Price Technical Analysis
The daily chart shows that the IOTA token has remained in a downward trend this year. It has remained below the descending trendline connecting the highest swings since January this year.
The token moved below the important $0.1298 support level, its lowest level since April. It has remained below all moving averages, while the Relative Strength Index (RSI) has continued falling this year.
Therefore, the token will likely continue falling as sellers target the all-time low of $0.0565. Such a drop would indicate a 35% decline from the current level.
READ MORE: BitMine Stock Risks Crash to $20 as it Starts Ethereum Staking
