The first day of June brings a big growth for two of the most loved cryptocurrencies of the moment, the IoTeX (IOTX) and the IOTA (MIOTA), the most important cryptos for the technological trends of the present-days, the IoT (Internet of Things) and distributed ledgers.
IoTeX (IOTX) has increased by more than 130% during the last day
Specifically, IoTeX (IOTX) has increased by about 130 % in the last 24 hours, according to CryptoMarketCap, trading at $0.065. The massive growth occurred shortly after Binance, the top-end cryptocurrency exchange in the world, reported the IOTX listing.
Thanks to this significant appreciation, IoTeX (IOTX) has managed to get on the 157th place among all the cryptocurrencies in the world, by market cap with more than $75 million.
Being listed on Binance is a great achievement for IOTX which, until now, only dealt with small-volume cryptocurrency exchange platforms, namely, on gate.io and KuCoin, which both listed this crypto coin last week.
IOTA (MIOTA) has also raised by more than 8% in the last 24 hours
The far more stable IOTA (MIOTA) crypto coin also registered substantial returns today, rising by 8.35% in the last 24 hours, at the moment of this writing, trading at $1.86, while all the other top 20 cryptocurrencies have registered lower gains or even losses.
A statement published by the IOTA Foundation stated that they recently concluded a Memorandum of Understanding with the leading Norwegian financial services corporation, Den Norske Bank ASA (DNB).
As announced in the IOTA Foundation statement, both IOTA (MIOTA) and the Norwegian DNB will be working together in pursuit of discovering how IOTA Tangle technology, described more as a DAG (Direct Acyclical Graph) than as a blockchain, might be beneficial for the bank’s infrastructure of transaction data.
This Friday marks an end of a very full week for IOTA Foundation and its IOTA (MIOTA) crypto characterized by the announcement of Trinity Mobile crypto wallet app.
Jackson Bey was born and raised in Lethbridge Alberta but moved east when he was 22. Apart from running his own consulting firm. Jackson spends his time canoeing the many lakes of Ontario. As a financial journalist Jackson has published stories for CBC Business Online, as well as Buzz Feed and Motherboard. As a contributor to Billionaire 365, Jackson mostly covers markets and trade.