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There are two perspectives on how the price of IRIS is determined.

Fundamental Value: This approach looks at on-chain metrics, project performance, and financial indicators of IRIS. Over the long term, factors like supply and demand, tokenomics, use cases, project roadmap, and relevant regulations or governance can all affect IRIS's value.

Price Action: This perspective primarily involves using technical analysis tools like chart patterns, MACD, RSI, and Bollinger Bands to forecast price movements of IRIS based on past trends, based on the principle that 'history tends to repeat itself.' Price action of IRIS is also affected by news, announcements, and the general sentiment of the community.

While long-term investors focus on the fundamentals, short-term traders typically rely on technical indicators. Both can influence the price of IRIS.

IRIS reached an all-time high of $0.2994 in 2021-04-12, while its current trading price is $0.001722.

IRIS reached its historical low of $0.000812 in 2021-04-12.