The trading table had not looked so good for IOTA (MIOTA). Many cryptocurrencies had recorded their all-time high value in 2017. 2018 has not been favorable and this forced most of these coins to lose significant amount of money. IOTA (MIOTA) was one of such affected coins.
Despite the backdrop, the coin is keeping up with aim of recreating blockchain applications. There have been improvements to its Tangle network. As it stands, IOTA (MIOTA) is moving into 2019 with high hopes. The year is poised to be turnaround for the coin.
On the other hand, the coin had shown impressive signs in 2018. The Tangle blockchain had attracted Volkswagen and Fujitsu. Other partnerships were attained within the year. Buoyed by these impressive milestones, IOTA’s (MIOTA) machine-to-machine communication prospects will certainly see daylight.
More IoT Device Will Be Launched In 2019
Internet of Things (IoT) is the next big thing in the cyber space. IOTA’s (MIOTA) concentration in this field will bring good fortunes in 2019. The world population is becoming increasingly aware of the immense contribution IoT will offer to their daily living. More IoT devices will be released in the coming year. IOTA (MIOTA) certainly stands better chance to partner with IoT companies in 2019. As more of these devices are expected to flood the market in the coming year, it is indication that 2019 will start on good note for IOTA (MIOTA).
Beyond IoT Devices; DigitalCar Pass Looks Good
The top German automobile company, Volkswagen was amazed with IOTA’s (MIOTA) and had soon struck partnership. As 2018 comes to an end, the first quarter of 2019 looks good for the IOTA (MIOTA)-Volkswagen partnership.
The coin created a product for Volkswagen’s needs. The launch is expected to be in quarter one of 2019. When released, Digital Car Pass will drive up sales for the automobile company. On the other hand, more partnerships will be in the offing if the Digital Car Pass string pulls off.
It is worth noting that IOTA (MIOTA) is using applies its next generation distributed ledger technology to Volkswagen’s products. Apart from Volkswagen, the coin also extends its technology to other partners it had acquired.
The IOTA (MIOTA) Hub will be Game-Changer
Despite the fact that the coin had found numerous use cases, it had not shown impressive signs in the market. IOTA (MIOTA) traded in the red in weekly and monthly charts. In the past, the coin was criticized for low throughput.
In the third quarter of 2018, the IOTA Foundation announced launch of its network update – the IOTA Hub. The update is fingered to be solution to pressing issues on the IOTA blockchain. Because of the limited transactions, exchanges have not given much thought to IOTA (MIOTA).
The successful launch of IOTA Hub will make the coin easier to integrate in exchanges. On their part, exchanges won’t spend time integrating IOTA (MIOTA) to their fold. In the long run, there will be long list of exchanges that will show interest in listing the coin. IOTA’s (MIOTA) price will certainly shore up when viable exchanges add it to their portfolio.
Trinity Wallet makes Investment Worthwhile
In bid to make transactions easier, IOTA (MIOTA) launched the Trinity Mobile Wallet. The wallet replaces the standard GUI wallet which faced usability issues. The wallet’s UX was optimized for desktop devices.
The successful launch of the wallet lets users invest in the coin without hassles. As more investors embrace IOTA (MIOTA), the value will certainly shore up. As 2018 comes to an end, the coin is looking forward to more investors. The wallet has a mobile version. To this end, IOTA (MIOTA) transactions will be better next year.
Partnerships that Work
IOTA (MIOTA) has made the best of partnerships. Apart from Volkswagen, it recently signed a Memorandum of Understanding with major player in the automobile industry, High Mobility. The company serves as link between automobile manufacturers and app developers. These partnerships will play positive roles to the coin’s value in 2019.
IOTA (MIOTA) has Fewer Risks
Some cryptocurrencies have regulatory risks as their major bottlenecks. On the contrary, IOTA (MIOTA) has fewer regulatory risks. While holding talks with policy-makers in Taiwan, IOTA (MIOTA) has been found compliant with European Union (EU) technology-related regulations. This was reason why it had impressive partnerships in Germany.
The Future Looks Good
The future looks good for IOTA (MIOTA). Banking on the partnerships reached in 2018, the coin is looking out for more in the coming year. There are also talks that IOTA (MIOTA) would re-hit the $1 mark before the end of 2018. As the year has few weeks to round up, investors are watching with keen interest, how this assertion will play out.
While bullish race is expected on Bitcoin (BTC), other altcoins like IOTA (MIOTA) have higher chance of significant growth in the coming year. With positive moves made this year (such as network update and partnerships), IOTA (MIOTA) has more chances of growth in 2019.