The crypto markets have rallied in the past 24 hours increasing the total market cap by over $15 billion. Bitcoin’s price surged to trade at a high of $7,495 right now while Bitcoin Cash has increased by 11%. However, IOTA (MIOTA) has carried the day for the top 10 altcoins with its price gaining over 13% in the past 24 hours.
IOTA’s good performance can be attributed to the general crypto market bullish momentum but mostly the release of its beta Trinity. This is the project’s new wallet with enhanced features designed for less tech savvy fellows. It is currently available on iOS and Android, the desktop version is set to be released soon.
Trinity is security oriented having been designed to protect users throughout the whole process, from setting up the wallet to actual transactions. Its flexibility allows users to enjoy the safety features from both desktop & mobile devices. Users are provided with all information on Trinity’s home screen upon login which is complemented by automatic updates. Therefore, one can easily track market prices against the MIOTA coin while operating their Trinity wallets. This project has a well-defined competitive advantage given the coin’s popularity,
- Use-Friendly Interface
Most people are scared of joining the crypto markets due to the technicalities involved. This will be solved by the Trinity wallet interface that only requires correct address, amount & hitting the send button for digital assets transfer.
- Secure Setup
Users can easily create the user friendly IOTA wallet in a simple series of steps outlined on the platform. Also, one need not to be worried about the security of information they give as the IOTA Trinity beta wallet have paramount security features.
- Convenient Transactions
This new wallet serves the aim of cryptos quite well given that transactions have been made effortless. Users can use QR code support in addition to features that prevent reuse of addresses which is common amongst scammers.
- Customized Interface
The IOTA wallet will allow users to customize the platform to their own liking. This will be on features like language & currency although not all have been included yet.
IOTA UNOPS Partnership
Crypto projects have proven to be highly dependent on partnerships to make market or tech break throughs. IOTA recently secured a partnership with one of the major wings in the United Nations, the United Nations Office for Project Services (UNOPS). This collaboration will see IOTA play a key role in record tracking for this worldwide organization. Therefore, data stored on the platform will not be manipulated for personal or corporate gains as global issues continue being addressed. Yoshiyuki Yamamoto, an advisor for UNOPS blockchain tech is positive about the partnership,
“We share a vision where machines, devices sensors and people connect and communicate to each other – it’s the world of ‘Industry 4.0.,”
IOTA (MIOTA) Price Overview
IOTA (MIOTA) is currently position 9 in market cap, slightly above TRON with both cryptocurrencies heading towards the $4.5 billion mark. One MIOTA coin is exchanging for $1.59 against the dollar while 0.00021192 is the exchange value against Bitcoin. Generally, MIOTA has been in the red zone for the past month although the trend seems to be changing as we head into Q3. Speculations on the coin gaining a bullish momentum have been high following the tech developments within the project. However, this cannot be predicted with certainty as its volatility in the past month has been at a high of 37%.