Price Action
In the week prior, the price for True USD went down by 0%. It is above its 20 day moving average by 0.3%, which is quite close. True USD’s bullish momentum, if assessed by its distance from its 20 day moving average, is pretty far negative compared to the other coins we’re covering, and thus may be due for a correction upwards or some kind of a period of low volatility. Regarding volatility, True USD is more volatile than roughly 2% of coins in our index, so this coin might not move much — something traders and investors will certainly want to keep in mind. If volatility over the past three weeks is any indication of what’s to come, we can expect True USD to bounce between 0.9877208 and $1.006339 US dollars per coin.
Where to trade True Usd (symbol: TUSD): Gate, Yobit, Binance, DDEX
Volume Update
In the week prior, the daily volume for TrueUSD has ranged between 145.62 and 207,347.1 currency units. Looking back over past 21 days, volume has steadily declined, but the trend in price is not as clear one way or the other. TrueUSD experienced a turnover rate of about 0.02% 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 3.16% of the cryptocurrencies in our index, so it’s well below average; this coin may be hard to get into and out of, and thus is suitable only for those interested in holding and exiting slowly and patiently.
Engagement Update
The number of wallets holding True USD went from 16,395 to 17,574 in the past week, marking a change of 7.19%. And in regards to cumulative transactions logged on the blockchain, they went from 190,387 to 205,688, which amounts to a change of 8.04%. This translates to a combined engagement growth rate of 15.23% for True USD — which is higher than 88.89% of the cryptocurrencies we’re reporting on. This could indicate that the coin may be on track to getting and sustaining actual usage.
Technology Development Status
TrueUSD currently has 10 public repos on GitHub, with the oldest one clocking in at 1.47 years young. Its most recent public update was within the past week which is not bad, as the coin is still being updated routinely. TrueUSD’s public repos now have 130 which is below average relative to its peers; that’s more than only 34 % of the 100 similar coins in our index. The coin has 2 total outstanding issues across all 10 of its public repositories on GitHub. Its number of watchers, when viewed against its open issues count, doesn’t seem like something to worry about. To put the situation in context, TrueUSD has a better issue/watcher ratio on its GitHub than 91% of similar coins we’re tracking.
TrueUSD News and Commentary
Over the past week, we found one link about TrueUSD that we thought was particularly interesting. Where available, we included a snippet of the article that we thought might be interesting.
Moonberg 1.03% Daily Interest Rate | $570 active in
Excerpt:
Today Moonberg interest rate is at 1.03% today I now have $570.00 in my Moonbot and is paying me everyday!!
Where to Buy
You can trade True Usd, listed under the symbol TUSD, through the following exchanges: Gate, Yobit, Binance, DDEX.
Article by SixJupiter
