Price Action
Since last week, Theta’s price went down by -16.01%. It is below its 20 day moving average by 12.31%, so it’s somewhat away. Theta’s bullish momentum, determined by its distance from its 20 day moving average, is roughly middle-of-the-pack relative to the cryptos we’re tracking. In terms of volatility, Theta exhibits greater price volatility than approximately 53% of coins in our index, so it’s volatilty is about what you’d expect for a cryptocurrency in our index. Looking ahead, if the upcoming week mirrors the volatility of three past three weeks, the price range for Theta in US dollars is expected to be between $0.09749915 and $0.1369688.
Where to trade Theta Token (symbol: THETA): Gate, Yobit, Binance
Volume Update
Over the past week, THETA saw its daily volume range between 10,405,099 and 18,806,958 units of its own currency. In the three weeks prior, the trend in volume does not have a clear direction, while the price trend is clearly down. THETA experienced a turnover rate of about 1.74% over the past week, which means that is the percent of its available money supply that is traded daily. Its turnover rate is more than approximately 46.39% of the cryptocurrencies in our index, so it’s middle-of-the-pack; investors/traders may thus wish to consider their liquidity requirements to make sure the coin matches their needs and their expected trading volume.
Engagement Update
The number of wallets holding Theta went from 26,422 to 26,428 in the past week, marking a change of 0.02%. And in regards to cumulative transactions logged on the blockchain, they went from 189,887 to 189,957, which amounts to a change of 0.04%. Theta’s combined growth rate — meaning the sum of its growth rate in holders and transactions — is 0.06% which puts it ahead of 14.71% of the coins in our index. One interpretation of this may be that the coin’s usage is not growing much at all.
Technology Development Status
THETA currently has 8 public repos on GitHub, with the oldest one clocking in at 1.4 years young. Its most recent public update was within the past day, which is pretty good, as it suggests the coin is still under active and rapid technical development. THETA’s repos that are visible to the public collectively have 148 watchers — that’s more than only 25 % of the 100 similar coins in our index. The coin has 13 total outstanding issues across all 8 of its public repositories on GitHub. Relative to the number of watchers it has, though, its open issues count is fairly mediocre. We consider the GitHub open issue/watcher ratio as a potential indicator of the healthiness of a coin’s software development process, and for THETA we see that its issue/watcher ratio looks healthier than 58% of similar coins in our index.
Where to Buy
You can trade Theta Token, listed under the symbol THETA, through the following exchanges: Gate, Yobit, Binance.
Article by SixJupiter
