Price Action
Over the past week, Status Network Token saw its price go up by 15.96%. It is above its 20 day moving average by 8.72%, so it’s somewhat away. Status Network Token’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. Now when considering volatility, Status Network Token is more prone to sizable price moves than 46% of coins in our index, so it’s volatilty is about what you’d expect for a cryptocurrency in our index. Based on volatility over the past three weeks, we can expect Status Network Token to experience a price range in US dollars between 0.01924635 and $0.02821465.
Volume Update
Over the past week, Status saw its daily volume range between 5,767,246 and 83,459,369 units of its own currency. In the three weeks prior, the trend in volume is not clear, though price is marching upwards. Status experienced a turnover rate of about 1.04% over the past week, which means that is the percent of its available money supply that is traded daily. Its trading turnover percentage is higher than about 28.87% of the coins we’re tracking, so it’s below average, and so there may be some risk that traders/investors have difficulty in getting in and out of positions.
Engagement Update
Over the past week, Status Network Token saw its holders go from 66,780 to 67,038, an increase of 0.39%. In terms of blockchain-recorded transactions made by these wallets since their inception, that number changed from 663,085 to 667,174, which translates to growth of 0.62% for the week. The combined engagement growth rate (growth rate in holders plus growth rate in transfers) of Status Network Token is thus at 1.01% which, relatively speaking, is ahead of 31.43% of the cryptocurrencies we’re tracking. One interpretation of this may be that its change in engagement is below average, at least on a percentage basis.
Technology Development Status
At the moment, Status has 30 repositories open to the public on GitHub, with the oldest one now being 2.05 years young. Its last public update to any of its repositories was within the past day, which is pretty good, as it suggests the coin is still under active and rapid technical development. Status’s public repositories collectively have a total of 245 watchers, which is below average relative to its peers; that’s more than only 36 % of the 100 similar coins in our index. The coin has 63 outstanding issues in the backlog awaiting to be addressed by the core development team. Its number of watchers, when viewed against its open issues count, is a bit below average, and thus potentially concerning. We view the ratio of open issues on Status’s GitHub repos relative to the number of developers who follow its repos as a way to quantitatively assess the health of a coin’s software development processes, and for Status we see that it fares better than only 24% of the coins we group Status in.
Status News and Commentary
Over the past week, we found 2 links about Status that we found especially interesting. Where available, we included a snippet of the article that we thought might be interesting.
Philosophy of Humanity, Value and God – Ask Gram Franck
Eggi Sudjana Arrested, Within 1 × 24 Hours His Detention Status Will Be De
Article by SixJupiter
