IOTA is one of the most promising cryptocurrencies in the market. That’s because it is based on tangle technology, a technology that allows for infinite scalability at zero cost. This makes it way better than blockchain technology, and makes IOTA (MIOTA) ripe for large scale adoption. Prove to IOTA (MIOTA)’s potential can be seen in the kinds of project that are adopting IOTA. They include smart city designers, and fueling stations for electric cars. This potential for massive adoption will anchor the value growth of IOTA (MIOTA) going into the future. The only thing that could hold IOTA back is the lack of a good wallet for the storage of these coins. But that’s only a short-term problem.
At the moment, the IOTA team is working on perfecting the trinity wallet. This wallet has been under development for some time now, but that’s because they want to make it as perfect as possible. They want to eliminate any bugs and other problems that could lead users to lose their coins. For instance, they have added an inbuilt security feature among other features.
Once this wallet is released, IOTA (MIOTA) could see a massive increase in price, because it will spur demand. To put this into context, there are lots of people holding IOTA in exchanges and keeping their portfolios small for security reasons. Exchanges are always prone to security risks and most people are apprehensive of putting a substantial holding of their portfolio in them. For a high potential coin such as IOTA (MIOTA), this holds back volume flows, volumes that needed to push up IOTA in the long-run. In essence, once trinity goes live, there will be a rush by investors to stock up on IOTA, and this will drive up the price.
The release of the trinity wallet will also catalyze new investors to buy IOTA based purely on ease of access. The trinity wallet has a desktop and mobile versions. It also has support for fiat currencies. These features will make IOTA accessible to lots of people. For instance, in the last update, the IOTA team has announced that the trinity wallet will have support for the argentine peso among other fiat currencies. This ease of access could drive a serious volumes surge into IOTA, which is guaranteed to push up the value of IOTA in the long-run.
That’s why anyone looking to invest in IOTA (MIOTA) should pay serious attention to every update that comes out regarding the trinity wallet. This could be the main catalyst that takes IOTA (MIOTA) to the moon in 2018, due to a surge in volumes. Of course these volumes will also be anchored on the fact that IOTA (MIOTA) is taunted to be the blockchain killer, and people are taking it seriously.
As such, once trinity is officially released, it won’t be surprising if IOTA (MIOTA) closes the year at $10 and above. This is one of the cryptos that are worth holding in a portfolio, and just forget about it. It could change your fortunes in the future.