The market, it seems, is now in the process of pricing in that critique – and IOTA has certainly taken one on the chin.
The cryptocurrency traded at the daily low of $0.5210 at press time. As per CoinMarketCap, IOTA has lost more than 20 percent in the last 24 hours and, week-on-week, is down 23 percent.
The news of IOTA's broken hash function is certainly bearish in the short run as it means investors will need to come to terms with the reality that the cryptocurrency space is still new and thus vulnerable to such errors.
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