Innovation Blockchain Payment (IBP) Rises 0.01%, Underperforms the Crypto Market Friday

Friday, June 02, 2023 06:49 AM | InvestorsObserver Analysts

Innovation Blockchain Payment (IBP) has been relatively less volatile than the crypto market according to a recent analysis of the market. So far Friday, the crypto has gained 0.01% to $0.001600405884.

InvestorsObserver is giving Innovation Blockchain Payment a 1 Volatility Rank. Find out what this means to you and get the rest of the rankings on Innovation Blockchain Payment!

Low Volatility

InvestorsObserver gives Innovation Blockchain Payment a low volatility rank of 1, placing it in the bottom 1% of cryptos on the market.

The Volatility Gauge follows which means that one day won't define its volatility rank - a trend will. IBP's low volatility reading is coupled with a low reading on the Risk/Reward Gauge, meaning that the token has relatively narrow price swings and is well protected from price manipulation.

Innovation Blockchain Payment price is well positioned going forward. With support set at $0.00159928942001304 and resistance around $0.00160135392933032. This leaves Innovation Blockchain Payment with room to run before facing selling pressures.

What is a Token?

Tokens are digital assets that exist on another cryptocurrency's blockchain.

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