Security is ultimately fundamental to every project. There is every need to protect user’s data and an even greater need to protect user’s tokens. It is for this reason that projects are continually coming up with solutions to ensure their users are protected from hacks and theft. One clear solution to avoid hacking is keeping data and tokens offline. Following an announcement by Nano S Ledger, Now IOTA (MIOTA) holders can enjoy this privilege.
The Nano S device is one of the most concrete solutions for long-term holders looking to store their tokens offline. The device was created by security leader, Ledger. Ledger has been I the forefront of providing cryptocurrency and blockchain security solutions. The device currently supports more than 23 tokens including; Bitcoin, Dogecoin, Digibyte, Ethereum, and Ark. This multicurrency hardware wallet will now support IOTA according to an announcement by the project on November 02.
According to Eric Larchevêque, CEO at Ledger, security, and quality is a high priority for both Ledger and IOTA.
“The collaboration between the teams created an immediate synergy concentrated on developing a compatibility feature allowing users to access, store and manage IOTA tokens on Ledger devices. We are thrilled to welcome IOTA onto the Ledger platform” he adds.
In recent months, IOTA has been making headlines. As we reported, the project is involved in a couple of partnership. One as such is its recent partnership with car manufacturer, Volkswagen. It is also in works with Tokyo-based IT company, Fujitsu.
IOTA (MIOTA) Price Analysis And Prediction
At the time of press, IOTA is enjoying being in the green zone following the positive momentum around the market today- November 05. MIOTA is up by 3% and is trading just above the $0.496605. The bulls will capitalize on this positive momentum in the market and the Nano S Ledger news to push prices high. Currently, the bulls are struggling to break past the $0.50 mark, they have tested it in the last 24 hours but are experiencing resistance.
Before the October 11 market dip, IOTA was trading in the highs of $0.57 and for the last couple of weeks, the bulls have been pushing for a reversal to these highs. Now, a correction is underway and in the next couple of hours- if the positive trend prevails, IOTA could soar above $0.50. But, although IOTA is surging, it is unlikely the coin hits its all-time high of $5 by the end of the year as many pundits have been predicting.
You can learn more about the Ledger wallet—one of the safest hardware wallets available—here.
John is a finance and technology journalist with a growing interest in cryptocurrencies. Writing is his passion and when he’s not writing he’s listening to the Beatles.