IOTA Keeps Growing, Trinity Wallet Launch Among the Biggest Price Drivers

The MIOTA market price has stabilized, but the project is still seeing mixed publicity and many detractors.


by
Christine Masters,
20 mins ago









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IOTA (MIOTA) moved above $1.60, reaching a monthly peak in Bitcoin prices, on additional talk of the upcoming Trinity wallet launch. However, what remains worrying are the low volumes and still limited buying options for this digital asset.

  

MIOTA, for a short while, climbed to position 9 on CoinMarketCap, before sliding toward $1.57 and getting displaced by NEO. The IOTA digital asset is deciding on a direction, and producing a series of “flippening” events in terms of market capitalization, rising or falling in the charts. In the past days and weeks, MIOTA prices have been mostly flat, while other assets took the spotlight.

The immediate news around IOTA are rather minor. The project comes up with a steady stream of partnerships, research news and the future promises of the Internet of Things. But on the everyday level, the project managed to launch a new website - an event that seems rather ordinary.

The IOTA project has the support of a relatively strong community. However, trading has thinned out, and the presence of IOTA on Binance does not seem to help too much. The IOTA digital asset is also concentrated on Bitfinex, an exchange that is still considered risky. There, MIOTA is traded in a pairing with USD, but in fact the inflow of investments and speculation would come from Tethers (USDT).

One of the faults of IOTA is not having a suitable wallet. The Trinity wallet is still being tested in the alpha stage, boosted by community engagement, but no official launch date has been set.

In the latest update on April 9, the Trinity developers pointed out significant progress made in the Android version of the wallet. According to early alpha users, the wallet looks complete at this stage, with all the usual functionalities of a user-friendly tool. There has been talk of a beta version for the IOTA wallet on the Ledger Nano S hardware storage device, which would mean the asset would reach a wider audience.g

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