Innovation Blockchain Payment received an average technical ranking of 39. To assess the strength of its short-term technicals, the proprietary ranking system examines the most recent trading patterns for the month. IBP has more recent technical analysis than 39% of tokens that are based on these trading metrics. When deciding whether to invest in a crypto, investors who focus on short term strategies for investment will find this technical analysis the most pertinent to their goals.
Trading Analysis
Innovation Blockchain Payment is $0.000207 (42.82%) above its 30-day low of $0.00048244040, while -$0.000435 (30.72%) is lower than its 30-day high of $0.0011243939. IBP’s current price of $0.000689023 (42.2%) is above its 30-day average price of $0.000631626. It is also higher than its average short-term technical score of $0.00112439. Innovation Blockchain Payment’s recent trading history suggests that investors remain neutral on the token.
IBP’s market capital is low for a token that has a total value of $129542.64. Innovation Blockchain Payment’s low market value is due to the fact that it has a market capital of just $100 million. However, the top 100 cryptos are valued at over $1 billion and the top 500 have more than $100 million. Innovation Blockchain Payment has a low average volume of $333,359.82 in token trading over a typical 24-hour period. IBP’s volume, while relatively small, is due to the fact that 100 of the most popular cryptos usually have $100 million each day. While smaller cryptos are less likely to be traded in 24 hours, they tend not to exceed $5 million. IBP’s volume was lower than its average of $49769.22 in the past 24 hours.
Author
Chris Munch is a professional cryptocurrency and blockchain writer with a background in software businesses, and has been involved in marketing within the cryptocurrency space. With a passion for innovation, Chris brings a unique and insightful perspective to the world of crypto and blockchain. Chris has a deep understanding of the economic, psychological, marketing and financial forces that drive the crypto market, and has made a number of accurate calls of major shifts in market trends. He is constantly researching and studying the latest trends and technologies, ensuring that he is always up-to-date on the latest developments in the industry. Chris’ writing is characterized by his ability to explain complex concepts in a clear and concise manner, making it accessible to a wide audience of readers.
