Price Action
In the week prior, the price for IOS token went down by -1.38%. It is below its 20 day moving average by 8.87%, so it’s somewhat away. IOS token’s bullish momentum, based on its distance from its 20 day moving average, is pretty far negative compared to the other coins we’re covering, and thus may be due for a correction upwards or some kind of a period of low volatility. Now when considering volatility, IOS token is more prone to sizable price moves than 69% of coins in our index, so traders can expect a bit more volatility than usual. Looking ahead, if the upcoming week mirrors the volatility of three past three weeks, the price range for IOS token in US dollars is expected to be between $0.009421964 and $0.01414804.
Where to trade Iostoken (symbol: IOST): Yobit, Binance
Volume Update
In the span of the preceding 7 days, IOST’s daily volume, in terms of its own unit of currency, has fluctuated between 91,217,759 and 461,239,962. In the three weeks prior, the trend in volume does not have a clear direction, while the price trend is clearly down. Over the past week, IOST saw its trading turnover — which we define as average daily trading volume divided by circulating supply — register at 2.32%. This turnover rate is higher than approximately 65.62% of the cryptocurrencies we monitor, which means it’s above average and thus will have enough liquidity for many investors/traders.
Engagement Update
The number of wallets holding IOS token went from 42,413 to 42,501 in the past week, marking a change of 0.21%. And in regards to cumulative transactions logged on the blockchain, they went from 282,369 to 283,286, which amounts to a change of 0.32%. The combined engagement growth rate (growth rate in holders plus growth rate in transfers) of IOS token is thus at 0.53% which, relatively speaking, is ahead of 18.75% of the cryptocurrencies we’re tracking. This could indicate that the coin’s usage is not growing much at all.
Technology Development Status
At the moment, IOST has 30 repositories open to the public on GitHub, with the oldest one now being 1.1 years young. Its last public update to any of its repositories was within the past day, which is pretty good, as it suggests the coin is still under active and rapid technical development. IOST’s public repositories collectively have a total of 608 watchers, which is about average compared to other similar coins; that’s more than approximately 54 % of coins in its index. The coin has 38 total outstanding issues across all 30 of its public repositories on GitHub. Relative to the number of watchers it has, though, its open issues count seems to be in good shape. To elaborate: the ratio of open issues to developers who are watching IOST’s GitHub repos is more favorable than 66% of similar coins in our index.
IOST News and Commentary
Over the past week, we found 2 links about IOST that we found especially interesting. Where available, we included a snippet of the article that we thought might be interesting.
IOST Blockchain IndiaHack has Now Launched on DoraHacks HackHub|Come Showcase Your Blo
Introducing BlockArcade – Jason Stallings
Where to Buy
You can trade Iostoken, listed under the symbol IOST, through the following exchanges: Yobit, Binance.
Article by SixJupiter
