InstaForex

July 8, 2021

IRISnet (IRIS) An Innovative Protocol Brought to the Business World!

 IRISnet is a service protocol and cryptocurrency that aims to provide a blockchain -based network, open to small and medium -sized businesses offering a wide range of services.


Launched in March 2019 by a team of technology experts under Bianjie AI, founded by Harriet Cao and Haifeng Xi.


Uniquely, IRISnet is an innovative read on blockchain technology that can be brought to the business world.


While most consortium blockchains are owned and operated by large companies, IRISnet aims to bring solutions to small business operations.


Looking at the IRIS/USDT chart, the price movement can be seen to have made a good 2021 market record producing over 800% increase recording the all -time high (ATH) reaching the price level of $ 0.31 on 11 April.



From a technical point of view, the price movement is seen to be moving weakly and is testing the RBS zone (resistance become support) around $ 0.076 which is the concern of investors.


Crypto analysts expect that, if the price movement continues to see a decline, the RBS zone around $ 0.068 will be the next focus to be tested before making a decline to the lowest level ever recorded before.


However, if the price movement manages to regain the upward momentum, the price movement will return past the RBS zone around $ 0.076 and the resistance zone around $ 0.086 will be the next focus to be tested first before making a higher rise.