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Trinity Desktop 1.1.0 released; Industry Marketplace helps IOTA climb high as alts struggle

Bitcoin

IOTA is ranked at #17 underneath Dash as well as Huobi Token in the market. The price grew at a rate of 3.81% in the course of the past 24-hours. This brought MIOTA all the way up to $0.301783 where it presently holds. The trading volume recorded stands at roughly $11.626 million, whereas the supply has 2,779,530,283 MIOTA coins in play as of this moment. For now, the total market cap of IOTA is $838.815 million.

The Trinity Desktop v1.1.0 release [as reported on Reddit by the Trinity Lead Developer] includes:

  • stability fixes
  • node basic authentication
  • specific node for proof-of-work protocol

The Industry Marketplace was launched a day ago. This contributed to the recent surge in the market. Quite a few amongst the top-ranked altcoins are back in the green zone. IOTA may overtake Dash by the end of today, albeit the climb would be reasonably tough [considering the fact the DASH just got listed on Coinbase Pro].

According to the IOT/USD candlestick chart present on tradingview [based on data from Bitfinex],  IOTA was in overbought territory on the 18th, 19th, and 20th September. Since then, the daily Relative Strength Index has shrunk marginally to reach 67.76. The MACD line has also begun rising steadily over the signal line, ensuring that the growing histogram stays red.

Likewise, from the 18th, Awesome Oscillator peaks have lingered north of the zero line, and they all bear the green shade. The newly constructed resistance level near $0.3159 may be broken sooner than expected. Key support can be found close to the $0.228 mark. The next target for IOTA would be $0.4, although the race to this point shall be drawn-out and littered with barriers.

Disclaimer - OBN is an informational website which aims to give the latest blockchain related news to the readers. Articles on OBN should not be considered as investment advice. Trading cryptocurrencies is a high-risk investment, every user is advised to consult an expert before making any decisions.