Price Action
Since last week, IOS token’s price went up by 20.7%. It is above its 20 day moving average by 15.47%, so it’s a bit of a ways off. IOS token’s bullish momentum, if assessed by its distance from its 20 day moving average, is above average relative to our index of cryptocurrencies. Regarding volatility, IOS token is more volatile than roughly 62% of coins in our index, so traders can expect a bit more volatility than usual. If volatility over the past three weeks is any indication of what’s to come, we can expect IOS token to bounce between 0.009744827 and $0.01308417 US dollars per coin.
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 986,895,515. Over the past three weeks, the trend in volume is not clear, though price is marching upwards. IOST experienced a turnover rate of about 5.49% over the past week, which means that is the percent of its available money supply that is traded daily. Its turnover rate is more than approximately 76.53% of the cryptocurrencies in our index, so it’s above average and thus will have enough liquidity for many investors/traders.
Engagement Update
IOS token saw the number of wallets holding its coin go from 42,501 to 42,495 over the past week — a change of -0.01%. And in regards to cumulative transactions logged on the blockchain, they went from 283,286 to 283,834, which amounts to a change of 0.19%. The combined engagement growth rate (growth rate in holders plus growth rate in transfers) of IOS token is thus at 0.18% which, relatively speaking, is ahead of 11.11% of the cryptocurrencies we’re tracking. One interpretation of this may be 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 1.12 years young. Its most recent public update was within the past week which is not bad, as the coin is still being updated routinely. IOST’s public repositories collectively have a total of 610 watchers, which is about average compared to other similar coins; that’s more than approximately 55 % of coins in its index. The coin has 43 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 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 67% of similar coins in our index.
IOST News and Commentary
Over the past week, we found 3 links about IOST that we found especially interesting. If possible we included a brief excerpt from the article — be sure to click through for the entire piece.
METX balances reaches 500K IOST – metanyx
IOST — New listing on Loopex – Loopex
Excerpt:
As such, the teams at IOST propose the Internet of Services Token as a means to reach these ends.
NeoWorld Weekly Progress Report（2019.4.29–2
Where to Buy
You can trade Iostoken, listed under the symbol IOST, through the following exchanges: Yobit, Binance.
Article by SixJupiter
