The reversal is in line with most other cryptocurrencies and means that the IOTA price is likely to go even higher as the cryptocurrency network matures. But as you will see in subsequent sections, the coin's price has since soared to highs of $2.63 recorded on 17 April 2021. It remains the lowest price level for MIOTA to date. As world leaders scrambled to contain the spread of the virus, markets began to tumble and businesses closed down as consumer spending tanked to lows not seen in a long time.Ĭryptocurrencies were not spared, and on 13 March 2020, the IOTA price fell from $0.20 to $0.08.
Officially, the world was headed for another recession that looked set to be worse than the economic crisis of 2008/2009.
As several countries reported a spike in the disease, governments were forced to outline international travel bans and lockdowns by March. In 2020, as the effect of the coronavirus pandemic hit the global community, economies began to shrink amid a worsening health crisis. In the sections below, we look at some key news and the timeline of events for IOTA. While fundamental growth has played a key role in the price action of MIOTA, key global news and events have also had a fair share of impact on overall price movements. Since the IOTA token sale, there have been major developments on the network, with market performance often fluctuating to reflect the prevailing sentiment.
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