The 9th largest virtual currency by market capitalization is leading the crypto-recovery with double digit gains today. The pair MIOTA/USD increase 11.39% in the last 24-hours, leading the BTC market by 9.63%.

IOTA Price Reversal – Beta Mobile Wallet app

The last ten days were very struggling to keep confidence up for crypto-enthusiasts as token values were plunging lower and lower. The declining movement stopped when in general all coins reached mid-April prices.

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Despite trading lower than the $2.00 mark, if things go well, the particular level will be playing a major role. So if cleared hold down to your wallets because gates will be open for even more increase.

Bitfinex continues to be the most active exchange for IOTA deals, generating more than 30.63 of daily volume. Binance processed about a fifth of the daily turnover.

Investors and various experts have titled the Trinity Mobile Wallet app as the cause of the recent surge. The IOTA project has gained numerous partnerships at a frantic pace, in addition to the continued development output. The project’s main feature, the “Tangle,” is targeted at businesses who are looking to make their processes and transactions more efficient and transparent. The projects’s focus on powering the Internet of Things infrastructure is key in gaining partners.

IOTA Moving Forward

Just recently the firm behind the coin declared that a partnership has taken place between IOTA and the largest bank in Norway. On top of that, the team announced that a key logistics wing [from U. Nations] agreed to partner up with IOTA.

A beta version of the Trinity mobile wallet app is in the market since earlier this week. With the move, users are able to test drive what proponents say is a purely community-driven project. It is available on desktop and mobile format.

“Trinity was adopted by the IOTA Foundation in order to provide assurance to the wider community that the wallet is safe to use, and as free from the threat of user error as possible,” Navin Ramachandran, a member of the IOTA Foundation, said in a blog post on Medium.

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