![]() ![]() The coin’s unexpected performance goes to show that, when it comes to the crypto market, there seem to be no rules. In a poll conducted by Julian Hosp, the co-founder of Cake DeFi and I-Unlimited, only 32.5% of respondents said that they intended on selling their IOTA.įor those holding #IOTA, waiting to be able to move funds, are you planning to sell or hodl your IOTA once the network opens for value Tx again? IOTA/USD by CoinMarketCap No Rules in the Crypto MarketĪs CryptoBriefing reported last week, the majority of users holding IOTA said that they plan to hold onto their tokens when the network goes online on Mar. While the coin saw its price drop by around 20% since the outage, its current price represents only a 10% drop since the beginning of the month. ![]() While users have been unable to send or receive IOTA for almost two weeks due to the outage, it seems that the controversy hasn’t affected their trust in the network. The vulnerability has reportedly cost the network between $300,000 and $1.2 million in IOTA. 13 after a major vulnerability in its Trinity wallet was exposed. The IOTA Foundation turned off its transaction validator called Coordinator on Feb. Following a 15-hour outage in December last year, the network was turned off earlier this month to deal with the consequences of a massive wallet hack. IOTA, an ambitious project designed to facilitate transactions in the Internet of Things (IoT) ecosystem, has had a hard time maintaining a consistent uptime. The price is a testament to the lack of any predictability in the crypto market. IOTA has seen its price surge by more than 12% in the past 30 days, despite its network being offline for nearly two weeks due to a hack. ![]()
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