The IOTA price is recently rising in a double-digit percentage rally following the beta release of a new wallet client exclusive for the cryptocurrency. The name will be Trinity Wallet – and it definitely made the IOTA price spike.
Even though IOTA was slowly sinking this week, it turned a corner yesterday and began the rally that carried the token to as high as $1.65 in only three hours. Currently, IOTA is trading at around $1,60 which translates to a market cap greater than $4 billion.
The 15% rally was best among cryptocurrencies ranked in the top ten by market cap. Meanwhile, nearly one-third of the entire IOTA volume is concentrated on the Bitfinex exchange – but the token also features prominently on Binance and OKEx. The largest IOTA/KRW pair accounts for just eight percent of the token’s overall volume.
Nevertheless, the IOTA token rallied because of the excitement over the beta release of the Trinity Wallet, which is the project’s new wallet client. Currently, the wallet is available on Android and iOS with a desktop version being prepared. Its main function is to provide users (tech-savvy ones) with a more intuitive and full-featured experience than the one previously available.
In other news, IOTA stroke a deal with UNOPS which is a technical advisory wing of the United Nations – to improve the transparency and efficiency of all the internal operations within the organization.
DC Forecasts is a leader in many crypto news categories, striving for the highest journalistic standards and abiding by a strict set of editorial policies. If you are interested to offer your expertise or contribute to our news website, feel free to contact us at [email protected]