Price Action
Since last week, aelf’s price went down by -14.98%. It is below its 20 day moving average by 6.24%, so it’s somewhat away. aelf’s bullish momentum, if assessed by its distance from its 20 day moving average, is among the worst compared to other cryptocurrencies, and thus may indicate the coin has swung too far and too fast — and may thus be due for consolidation or a bullish correction. In terms of volatility, aelf exhibits greater price volatility than approximately 56% 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 aelf to experience a price range in US dollars between 0.1894443 and $0.2585057.
Where to trade Aelf (symbol: ELF): Gate, Binance, DDEX, Ethfinex
Volume Update
In the span of the preceding 7 days, aelf’s daily volume, in terms of its own unit of currency, has fluctuated between 3,744,305 and 31,200,908. In the three weeks prior, the trend in volume,like the trend in price, is choppy and does not reveal a clear direction. aelf experienced a turnover rate of about 4.74% 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 64.21% of the cryptocurrencies in our index, so it’s above average and thus will have enough liquidity for many investors/traders.
Engagement Update
aelf saw the number of wallets holding its coin go from 50,703 to 50,846 over the past week — a change of 0.28%. And in regards to cumulative transactions logged on the blockchain, they went from 309,543 to 313,562, which amounts to a change of 1.30%. The combined engagement growth rate (growth rate in holders plus growth rate in transfers) of aelf is thus at 1.58% which, relatively speaking, is ahead of 47.22% of the cryptocurrencies we’re tracking. This could indicate that the coin’s weekly growth in engagement is fairly mediocre.
Technology Development Status
aelf currently has 16 public repos on GitHub, with the oldest one clocking in at 1.74 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. aelf’s repos that are visible to the public collectively have 622 watchers — specifically, that’s more than 60 % of the top 100 coins we’re looking at. The coin has 171 total outstanding issues across all 16 of its public repositories on GitHub. 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 aelf’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 aelf we see that it fares better than only 23% of the coins we group aelf in.
aelf News and Commentary
Over the past week, we found 2 links about aelf that we found especially interesting. Where available, we included a snippet of the article that we thought might be interesting.
Which Industries are looking to build on aelf – aelf
The Year In Review For Cryptocurrency & Blockchain- Does a Special Project Stil
Where to Buy
You can trade Aelf, listed under the symbol ELF, through the following exchanges: Gate, Binance, DDEX, Ethfinex.
Article by SixJupiter
