Price Action
Over the past week, Waltonchain saw its price go up by 3.65%. It is above its 20 day moving average by 6.5%, so it’s slightly away. Waltonchain’s bullish momentum, if assessed 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, Waltonchain exhibits greater price volatility than approximately 41% of coins in our index, so it’s volatilty is about what you’d expect for a cryptocurrency in our index. If volatility over the past three weeks is any indication of what’s to come, we can expect Waltonchain to bounce between 1.761278 and $2.501722 US dollars per coin.
Where to trade Waltonchain (symbol: WTC): Gate, Yobit, Binance, DDEX, Ethfinex
Volume Update
In the week prior, the daily volume for Waltonchain has ranged between 1,334,256 and 4,901,637 currency units. Over the past three weeks, the trend in volume is not clear, though price is marching upwards. Waltonchain experienced a turnover rate of about 9.17% 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 84.85% of the cryptocurrencies in our index, so it’s far above average and thus a good coin for those interested in active trading or being able to get out of the market if they need to.
Engagement Update
The number of wallets holding Waltonchain went from 27,864 to 27,858 in the past week, marking a change of -0.02%. And in regards to cumulative transactions logged on the blockchain, they went from 182,917 to 183,743, which amounts to a change of 0.45%. Waltonchain’s combined growth rate — meaning the sum of its growth rate in holders and transactions — is 0.43% which puts it ahead of 30.56% of the coins in our index. This could indicate that its change in engagement is below average, at least on a percentage basis.
Technology Development Status
Waltonchain currently has 8 public repositories on GitHub, with the oldest one now 1.11 years young. Its most recent public update was within the past week which is not bad, as the coin is still being updated routinely. Waltonchain’s repos that are visible to the public collectively have 8 watchers — it bests only 6 % of the 100 similar coins in our index. The coin has 3 issues reported across its public repositories. Its number of watchers, when viewed against its open issues count, is quite poor, and may potentially indicate some concern that the software is at risk of not being updated fast enough. Our hypothesis that the open issue/watcher ratio may be of some value in assessing the healthiness of a coin’s software development process, and for Waltonchain, this ratio was better than a mere 11 % of the similar coins we track in our index.
Waltonchain News and Commentary
We found one link over the past week about Waltonchain that we thought was especially worth sharing. Where available, we included a snippet of the article that we thought might be interesting.
Waltonchain Reached Strategic Cooperation with Blockcloud, the First Global Blockchai
Where to Buy
You can trade Waltonchain, listed under the symbol WTC, through the following exchanges: Gate, Yobit, Binance, DDEX, Ethfinex.
Article by SixJupiter
