On Monday, November 5, amid the general growth of the cryptocurrency market, the IOTA coin (MIOTA) is gaining height, breaking the $ 0,5 mark.
In the first half of the day, this digital asset jumped to $ 0,503, now there is a slight correctional decline. According to the resource CoinMarketCap, the IOTA rate is at $ 0,49, and market capitalization cryptocurrencies exceeded $ 1,38 billion.
For market participants, the rise of the coin came as a complete surprise, since over the past few weeks this digital asset has demonstrated a negative trend. According to experts, the growth driver for IOTA was the decision of the Ledger wallet development team to launch support for this cryptocurrency.
The company's blog notes that the Ledger Nano S wallet provided IOTA coin holders with the ability to manage these funds with the help of a new secure storage system.
Ledger CEO Eric Larchevek said:
Ensuring a high level of security and quality is one of the main directions in the work of the hardware wallet. Collaboration with Team IOTA enables users to store and manage MIOTA tools on Ledger devices.
The second factor that positively reflected on the coin course was the opening of the IOTA Meetup conference in Berlin. During this event, a team of cryptocurrency developers will offer participants projects to develop smart cities and launch digital asset management services within the framework of the IOTA ecosystem.
If the interest of the forum participants in IOTA projects is high, then over the coming weeks, the cryptocurrency can become one of the growth leaders in the market.
While maintaining a positive trend today, we can see an asset appreciation rate of up to $ 0,55, Nultx reports, citing analysts' forecasts. (https://coinspot.io/wp-content/uploads/2018/11/bezymjannyj-3.jpg)