IOS Token (IOST) May 20, 2019 Weekly Recap: Price Down 5.11%

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Price Action

Over the past week, IOS token saw its price go down by -5.11%. It is above its 20 day moving average by 0.12%, which is quite close. 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. In terms of volatility, IOS token exhibits greater price volatility than approximately 38% of coins in our index, so it’s notably less volatile than the other cryptocurrencies we’re monitoring. If volatility over the past three weeks is any indication of what’s to come, we can expect IOS token to bounce between 0.009983469 and $0.01412853 US dollars per coin.

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

Volume Update

In the week prior, the daily volume for IOST has ranged between 154,442,730 and 976,977,864 currency units. In the three weeks prior, the trend in volume is not clear, though price is marching upwards. Over the past week, IOST saw its trading turnover — which we define as average daily trading volume divided by circulating supply — register at 3.83%. Its trading turnover percentage is higher than about 58.76% 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.

Engagement Update

IOS token saw the number of wallets holding its coin go from 42,475 to 42,613 over the past week — a change of 0.32%. And in regards to cumulative transactions logged on the blockchain, they went from 0 to 284,507, which amounts to a change of Inf%. This translates to a combined engagement growth rate of Inf% for IOS token — which is higher than 100.00% of the cryptocurrencies we’re reporting on. This growth rate suggests the coin may be on track to getting and sustaining actual usage.

Technology Development Status

At the moment, IOST has 30 repositories open to the public on GitHub, with the oldest one now being 1.14 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 repos that are visible to the public collectively have 614 watchers — that’s more than approximately 57 % of coins in its index. The coin has 43 issues reported across its public repositories. 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

We found 2 links over the past week about IOST that we thought were especially worth sharing. Where available, we included a snippet of the article that we thought might be interesting.

Rate3 Progress Update (APRIL) – Official Rate3

[ICAC interview] | IOST’s highest contribution partner in Q 1: BitBo

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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