The IOTA blockchain project, currently position 13 in market cap according to coinmarketcap, is one of the most recognized in crypto markets right now. As it stands, IOTA’s market share is a significant 0.6538%; this can largely be attributed to the platform’s design specifically the Internet of Things (IoT) vision. However, other market factors that have proven to affect crypto price action like new market listings & network development have been fundamental to IOTA’s performance.
Big development news about crypto projects have been the order of 2018, this is probably because of increased ICO funds after the markets rallied in Q4 off 2017. A good number of blockchain projects are acting as per their whitepaper milestones although others continue to face challenges especially after the decline of Ethereum. IOTA luckily enough has falls among the progress making coins; back in Q2 the team marked major milestones by collaborating with UNOPS & launching the premier charging station as well.
Towards the end of Q3, the number of update releases & new features within the blockchain Fin Tech space increased without a doubt. For a keen crypto analyst, it is easy to notice the speculation atmosphere building up as we dive deeper into Q4. Crypto projects like IOTA have since leveraged the situation by releasing a few updates & initiatives to boost their market value & presence. The team was silent during the whole of Q3 but made a strong come back in August when it went on a milestone spree!
Looking at it from a strategic perspective, IOTA is clearly optimistic that the following fundamental milestones announced within August are bullish price factors for the eagerly awaited Q4;
1. IOTA Hub Introduction
At the beginning of August, IOTA launched the hub to facilitate the project’s development further. Initially, IOTA prospective users & developers had challenges in managing their seed as well as follow-up processes within the ecosystem. IOTA’s hub is meant to solve such inefficiencies with an open-source protocol by leveraging gRPC API & enhancing the audit requirements for transactions.
This move will probably influence the price of IOTA given its fundamental capability to facilitate externally signed transactions. Looking at it from a competitive perspective, IOTA is a couple steps ahead of its industry peers with the IOTA hub launch. The news sparked excitement amongst the IOTA community & will be a probably fundamental & technical value mover between now & the end of 2018.
3. Trinity Desktop Beta Release
IOTA’s development team had been working on the Trinity Desktop wallet version after successfully launching the mobile wallet earlier in the year. Towards the end of August, the team introduced the Desktop version to its community & target market. This new feature will scale the compatibility of IOTA’s ecosystem with modern day devices hence better adoption prospects. According a blog posted by IOTA; the new app is well secure & had so far acted on a requests to expand theme options.