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IOTA Records New Year Low-Drops Over 6%

14 january 2019, 23:06 by John Kiguru

IOTA Records New Year Low-Drops Over 6%

The last couple of days have seen most major coins record extensive losses and record new year lows.

Today, a drop of over 6% from IOTA, has seen it become the latest coin to bite the dust in the new year. In the last couple of hours, IOTA has extended its losses after dipping on January 10, hitting a new year low of a little over $0.28.

After initially beginning the year strong, IOTA has dropped and dragged back to its 2018 lows. Despite this recent blow, IOTA is largely doing well this year. By this time last month, IOTA was trading in the lows of $0.21. This is a position the bulls will be fighting to keep clear of.

What Next For IOTA?

In 2018, we reported on several key upgrades, developments, and partnerships from IOTA. Although IOTA was unable to always react to some of this due to the wider market slow down, 2019 could be the year IOTA pays off. IOTA, which was early in 2018 soaring as high as $5.03 has in the last 13 months lost more than 90% of its value. Now, the real question is, does it make a comeback and hit new highs or does it fall to zero?

Undoubtedly, make a comeback. This year alone, the network has already partnered with IBCS Poland and Crypto Storage AG. This goes to show how active and committed the team behind the project is.

Additionally, it goes to show that whatever is going on in the project looks promising and worth alliancing with by major firms around the world.

In the short-term, IOTA might continue to drop as the wider market continues to bleed. However, this will be a great time to buy and hodl. In the long-run, IOTA will be on high demand, attracting high prices.

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