IOST price is up 42% today: here’s where to buy IOST coin

2 years ago 150

The price of the IOST coin has been on the rise since March 13, 2022, as it rallies to correct the recent price deep that took place between September 2021 and February 2022.

To help investors and traders wanting to invest in IOST, Invezz has created a brief article explaining what IOST coin is and the best places where they can buy it from.

To find out more, please continue reading.

Best places to buy IOST

As IOST is such a new asset, it's yet to be listed on major exchanges. You can still purchase IOST using a DEX (decentralised exchange) though, which just means there are a few extra steps. To buy IOST right now, follow these steps:

1. Buy ETH on a regulated exchange or broker, like eToro ›

We suggest eToro because it's one of the world's leading multi-asset trading platforms, an exchange and wallet all-in-one with some of the lowest fees in the industry. It's also beginner-friendly, and has more payment methods available to users than any other available service.

2. Send your ETH to a compatible wallet like Trust Wallet or MetaMask

You'll need to create your wallet, grab your address, and send your coins there.

3. Connect your wallet to the Uniswap DEX

Head to Uniswap, and 'connect' your wallet to it.

4. You can now swap your ETH for IOST

Now that you're connected, you'll be able to swap for 100s of coins including IOST.

What is the IOST coin?

IOST coin is the native cryptocurrency of the IOST blockchain.

In a nutshell, the IOST blockchain is an “ultra-fast,” fully-fledged, and decentralized blockchain network and ecosystem with its own nodes, wallets and based on the “next-generation” consensus protocol dubbed “proof-of-believability.” It was created to offer solutions to security and scalability in blockchain technology.

IOST uses a “proof-of-believability” consensus algorithm to ensure transactions on the network are secure and efficient.

Should I buy IOST today?

If you are looking to invest in an altcoin on the rise, then the IOST could be a good choice.

Nevertheless, you should be aware of the fact that buying the cryptocurrency market is extremely volatile.

IOST price prediction

The majority of analysts believe the bullish asymmetrical triangle pattern formed by the recent IOST price movements signals an oncoming major bullish breakout that has already started. They believe that the coin could hit $0.06 by the end of April