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ITO Utility Token (IUT) Falls 0.04%, Outperforms the Crypto Market Thursday

Thursday, May 05, 2022 12:43 PM | InvestorsObserver Analysts
ITO Utility Token (IUT) Falls 0.04%, Outperforms the Crypto Market Thursday

ITO Utility Token (IUT) has been relatively more volatile when compared to other cryptocurrencies. So far Thursday, the crypto has lost 3.89% to $0.00005493707304.

volatility - 90
InvestorsObserver is giving ITO Utility Token a 90 Volatility Rank. Find out what this means to you and get the rest of the rankings on ITO Utility Token!

Highly Volatile

InvestorsObserver gives ITO Utility Token a high volatility rank of 90, placing it in the top 10% of cryptos on the market.

The Volatility Gauge takes into account which means that one day won't define its volatility rank - a trend will. IUT's high volatility reading pairs with a low reading on the Risk/Reward Gauge, meaning that the token has relatively wide price swings and is well protected from price manipulation.

ITO Utility Token price is favorably positioned going forward. With support near $0.0000525990946761272 and resistance near $0.000056147360925836. This leaves ITO Utility Token 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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