Research experts working on Blockchain peoject to use the technology. Poduct architecute is well thought of and could solve the industry problem and give competition to IOTA.
In reality, there is no need to compete, because the IoT market and fields of application are enormous and there is room for growth for everyone.
Also I want to remember that Iota, a project that I follow with interest and participation, is worth about $ 1.5 billion while IoTex is worth about 1/100 or $ 20 million; therefore an investor can also choose a speculative investment with Iotex, hoping for a higher return and multiplier.