iBank (IBANK) has been relatively less volatile compared to other cryptocurrencies. As of Tuesday, the crypto lost 0.86% to $0.001380410538.
Investors iBank gives it a low volatility rating of 7, which puts it in the lowest 7% of the cryptocurrency market.
This volatility metric analyzes means that the rankings are representative of their recent trends and are not overly affected by a sudden spike – or two – in volatility. IBANK’s low volatility reading is coupled with a low risk/reward scale reading, which means that the coin has relatively tight price swings and is well protected from price gouging.
iBank price is positioned positively from now on. With support set at $0.00135403883731289 and resistance around $0.00140428171115292. This leaves iBank with room to run before facing the pressure of selling.
What is the currency?
A coin is a cryptocurrency that resides in its own blockchain. These are commonly used for payments. Depending on the cryptocurrency, the use of these payments may vary from general use in the digital money sub-category to more specific uses in some other sub-category.