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 advanced 6.12% to $1.17.
InvestorsObserver gives IOTA a low volatility rank of 20, placing it in the bottom 20% of cryptos on the market.
The Volatility Gauge tracks which means that one day won’t define its volatility rank – a trend will.
MIOTA’s low volatility reading comes 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 set at $1.07 and resistance near $1.14. 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.