Does IoTeX have potential?

As a cryptocurrency enthusiast and financial analyst, I often find myself pondering over the numerous up-and-coming projects in the crypto space. Among these, IoTeX stands out as a blockchain platform specifically designed for the Internet of Things (IoT). However, with the rapidly evolving landscape of cryptocurrencies and blockchain technologies, I must ask: Does IoTeX truly have the potential to make a significant impact? Its focus on scalability, security, and interoperability with existing IoT devices seems promising, but will it be able to overcome the challenges of adoption, competition, and regulatory hurdles? I'm eager to understand if IoTeX has the right mix of technology, vision, and execution to truly revolutionize the IoT industry.