IOS Token (IOST) July 8, 2019 Weekly Recap: Price Up 4.4%


Price Action

Over the past week, IOS token saw its price go up by 4.4%. It is above its 20 day moving average by 3.04%, so it’s fairly close. IOS token’s bullish momentum, if assessed by its distance from its 20 day moving average, is roughly middle-of-the-pack relative to the cryptos we’re tracking. Regarding volatility, IOS token is more volatile than roughly 11% of coins in our index, so this coin might not move much — something traders and investors will certainly want to keep in mind. 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 $0.01155934 and $0.01377166.

Where to trade Iostoken (symbol: IOST): Yobit, Binance

Volume Update

Over the past week, IOST saw its daily volume range between 17,346,936 and 390,445,455 units of its own currency. Over the past three weeks, the trend in volume,like the trend in price, is choppy and does not reveal a clear direction. Over the past week, IOST saw its trading turnover — which we define as average daily trading volume divided by circulating supply — register at 1.42%. Its trading turnover percentage is higher than about 47.06% of the coins we’re tracking, so it’s middle-of-the-pack; investors/traders may thus wish to consider their liquidity requirements to make sure the coin matches their needs and their expected trading volume.

Technology Development Status

IOST currently has 30 public repositories on GitHub, with the oldest one now 1.27 years young. Its last public update to any of its repositories was within the past week which is not bad, as the coin is still being updated routinely. IOST’s repos that are visible to the public collectively have 652 watchers — specifically, that’s more than 61 % of the top 100 coins we’re looking at. The coin has 49 outstanding issues in the backlog awaiting to be addressed by the core development team. Relative to the number of watchers it has, though, its open issues count is fairly mediocre. We consider the GitHub open issue/watcher ratio as a potential indicator of the healthiness of a coin’s software development process, and for IOST we see that its issue/watcher ratio looks healthier than 56% of similar coins in our index.

Where to Buy

You can trade Iostoken, listed under the symbol IOST, through the following exchanges: Yobit, Binance.

Article by SixJupiter

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