When IOTA first revealed Qubic, IOTA coin bulls charged the scene. The coin soared, but the company was prepared for that sort of outcome. The company had forecasted that the market would react positively to the Qubic news, and they did. Some even said that was the announcement that was going to kick off IOTA’s turnaround. Therefore, when the platform released news on the Qubic project on June 3rd and 4th, the company thought IOTA coin bulls would be making another appearance.
IOTA is still climbing today, adding to its recent gains. This comes at the same time as many of the top virtual currencies drop in value—specifically, Bitcoin (BTC), which is now well below the $8,000 mark. However, it’s good news for MIOTA. This is because the altcoin and organization have had a bit of a slow month. At least on the market and on the announcements front.