Price Action
Since last week, Theta’s price went up by 10.94%. It is above its 20 day moving average by 12.9%, so it’s a bit of a ways off. Theta’s bullish momentum, if assessed by its distance from its 20 day moving average, is above average relative to our index of cryptocurrencies. In terms of volatility, Theta exhibits greater price volatility than approximately 70% of coins in our index, so traders can expect a bit more volatility than usual. 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 $0.0999115 and $0.1496985.
Where to trade Theta Token (symbol: THETA): Gate, Yobit, Binance
Volume Update
In the span of the preceding 7 days, THETA’s daily volume, in terms of its own unit of currency, has fluctuated between 5,501,547 and 113,752,487. Looking back over past 21 days, the trend in volume is not clear, though price is marching upwards. The past 7 days saw THETA’s trading turnover — meaning the percentage of its available supply that was traded — come in at 4.65%. This turnover rate is higher than approximately 62.11% of the cryptocurrencies we monitor, which means it’s above average and thus will have enough liquidity for many investors/traders.
Engagement Update
Theta saw the number of wallets holding its coin go from 26,517 to 26,549 over the past week — a change of 0.12%. As for overall transactions, they increased from 190,317 to 190,434 — an increase of 0.06%. Theta’s combined growth rate — meaning the sum of its growth rate in holders and transactions — is 0.18% which puts it ahead of 8.33% of the coins in our index. This growth rate suggests the coin’s usage is not growing much at all.
Technology Development Status
THETA currently has 8 public repositories on GitHub, with the oldest one now 1.5 years young. Its last public update to any of its repositories was within the past week which is not bad, as the coin is still being updated routinely. THETA’s public repositories collectively have a total of 160 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 13 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, seems to be in good shape. To elaborate: the ratio of open issues to developers who are watching THETA’s GitHub repos is more favorable than 61% 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
