IoTeX Price Prediction 2022: Is It A Good Coin To Invest In & How much will It be worth?
IoTeX Price Prediction 2022: Will IOTX Price Skyrocket to $1 or Is it Time to Cash Out? Moderate Volatility and Falling Thursday
IoTeX (IOTX) has been relatively average in terms of volatility when compared to other cryptocurrencies. So far Thursday, the Distributed Software Platform has dropped 3.06% to $0.1049903164.
Moderately Volatile
InvestorsObserver gives IoTeX a moderate volatility rank of 30, placing it in the bottom 30% of cryptos on the market.
The Volatility Gauge takes into account meaning that one day won’t make or break its rank.
IOTX’s moderate volatility reading is coupled with a low reading on the Risk/Reward Gauge, meaning that the coin has moderate price swings and is well protected from price manipulation.
IoTeX price is in a favorable position going forward. With support at $0.0991978766678592 and resistance around $0.108612728333356. This positions IoTeX with room to run before facing selling pressures.
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.
