IOTA Bullish after Trinity Desktop Wallet Release, Fujitsu Partnership Announcement

It’s Invest Diva’s Kiana Danial with News BTC and here is your cryptocurrency update. I’ve got three pieces of positive news for the 10th largest cryptocurrency by market cap, IOTA. One is technical, and two are fundamental. On the charts, IOTA appears to have picked up from the bottom as it released their public beta version of its highly anticipated Trinity Desktop Wallet. To add to the positive market sentiment with the second piece of fundamental news, Japanese tech giant Fujitsu announced they’re “all set to help roll out IOTA as the new protocol standard.” Back to the technicals, IOTA/USD spent most of mid-August around the key support level of 0.47, which is basically the price it was stuck at for around 4 months after its price calculation started by coinmarketcap back in July 2017. While the price remains below the daily Ichimoku cloud, it’s had 5 consecutive days of tiny bullish movements which could end up forming a saucer bottom chart pattern on the daily chart. Versus Bitcoin, we have a similar chart pattern. Back to the fundamentals, The IOTA Foundation launched the Trinity Mobile Wallet earlier this year. This wallet solved a huge number of usability issues so the development team has since then been working to achieve a full mobile wallet. They finally succeeded the app was confirmed secure before release. The Trinity mobile wallet’s UX has now been optimized for desktop. Now they’re getting together with Fujitsu to “develop and co-create innovative technology together with customers” according to Fujitsu’s spokesperson. What do you think about IOTA’s recent developments? Let me know in the comments. Thanks for watching, invest responsibly, and I’ll see you with more updates tomorrow.

Post Author: CoinCryptoNews