IOST (Internet of Services Token) is a cryptocurrency that was created to power the services offered on the Internet of Services platform. The project aims to build a decentralized and scalable network of services that can support a wide range of applications.

Since its launch in 2018, IOST has experienced significant price action in the cryptocurrency market. The initial price of IOST was around $0.01, and it quickly rose to over $0.06 within a few months. However, like many other cryptocurrencies, IOST also experienced a significant price drop during the bear market of 2018-2019.

During this period, the price of IOST dropped to as low as $0.001, causing many investors to panic and sell their holdings. However, the project continued to develop and improve its technology, leading to a gradual increase in price over time.

In early 2021, IOST experienced a price surge along with the rest of the cryptocurrency market. The price of IOST reached its all-time high of around $0.09 in April 2021, before experiencing a slight correction.

As of September 2021, the price of IOST is trading at around $0.03, showing a steady recovery from the lows of the bear market. The project continues to gain momentum and attract new users and developers, which has led to a positive outlook for the future price action of IOST.

Overall, the historical price action of IOST has been volatile, with periods of rapid growth and significant corrections. However, the project's strong fundamentals and development progress suggest that IOST has the potential for long-term success in the cryptocurrency market. Investors should conduct their own research and consider their risk tolerance before investing in IOST or any other cryptocurrency.