Price Action
Over the past week, aelf saw its price go up by 5.69%. It is below its 20 day moving average by 4.68%, so it’s slightly away. aelf’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. In terms of volatility, aelf exhibits greater price volatility than approximately 73% 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 aelf in US dollars is expected to be between $0.1700481 and $0.2628219.
Where to trade Aelf (symbol: ELF): Gate, Binance, DDEX, Ethfinex
Volume Update
In the week prior, the daily volume for aelf has ranged between 10,778,070 and 23,329,607 currency units. Looking back over past 21 days, the trend in volume does not have a clear direction, while the price trend is clearly down. The past 7 days saw aelf’s trading turnover — meaning the percentage of its available supply that was traded — come in at 3.69%. Its trading turnover percentage is higher than about 64.95% of the coins we’re tracking, 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 50,846 to 50,929 over the past week — a change of 0.16%. In terms of blockchain-recorded transactions made by these wallets since their inception, that number changed from 313,562 to 316,537, which translates to growth of 0.95% for the week. This translates to a combined engagement growth rate of 1.11% for aelf — which is higher than 48.57% of the cryptocurrencies we’re reporting on. One interpretation of this may be that the coin’s weekly growth in engagement is fairly mediocre.
Technology Development Status
At the moment, aelf has 16 repositories open to the public on GitHub, with the oldest one now being 1.76 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 625 watchers — that’s more than approximately 59 % of coins in its index. The coin has 169 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 22% of the coins we group aelf in.
aelf News and Commentary
Over the past week, we found one link about aelf that we thought was particularly interesting. If available, we added an excerpt from the article to help give a taste of what it is about.
Amazon Web Services Lists its First Blockchain Platform with Cross-Chain Capa
Key Extract:
Every one of these cloud computing companies are pro blockchain by either supporting blockchain projects or developing their own blockchain solutions….There are four broad categories in which cloud computing services can fall under: Infrastructure as a Service (IaaS), Platform as a Service (PaaS), Serverless and Software as a Service (SaaS)….Within the cloud computing infrastructure, there are typically three types of clouds — Public clouds, Private clouds, and Hybrid clouds….Platform as a service refers to cloud computing services that supply an on-demand environment for developing, testing, delivering and managing software applications….aelf Enterprise 0.7.0 beta will provide high performance blockchain BaaS through massive cloud data storage, one-click-deployment blockchain toolkits and flexible DApp development modules — all functions attuned to test and implement blockchain with ease and precision by enterprises….Generally blockchain platforms only offer one of these architectures, but aelf offers all three, just like AWS offers all three type of cloud computing deployments.
Where to Buy
You can trade Aelf, listed under the symbol ELF, through the following exchanges: Gate, Binance, DDEX, Ethfinex.
Article by SixJupiter
