IOTA (MIOTA) Rises 3%, Underperforms the Crypto Market Wednesday

IOTA (MIOTA) has been relatively less volatile than the crypto market according to a recent analysis of the market. So far Wednesday, the Digital Money has gained 3% to $0.7131707125.

InvestorsObserver is giving IOTA a 24 Volatility Rank. Find out what this means to you and get the rest of the rankings on IOTA!

Low Volatility

InvestorsObserver gives IOTA a low volatility rank of 24, placing it in the bottom 24% of cryptos on the market.

The Volatility Gauge follows this makes its score defined by recent trends, rather than a bad day.

MIOTA’s low volatility reading is coupled with a low reading on the Risk/Reward Gauge, meaning that the coin has relatively narrow price swings and is well protected from price manipulation.

IOTA price is trading above resistance. With support near $0.681054567751374 and resistance around $0.71006319468924. This positions IOTA out of range and potentially in a volatile position if the rally burns out.

What is a Coin?

A coin is a cryptocurrency that exists on its own blockchain. these are typically used for payments. Depending on the cryptocurrency, what those payments are used for may vary from general use in the Digital Money sub-class to more specific uses in some other sub-classes.

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