Aelf (ELF) July 1, 2019 Weekly Recap: Price Down 3.76%

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Price Action

Over the past week, aelf saw its price go down by -3.76%. It is below its 20 day moving average by 1.73%, so it’s fairly close. aelf’s bullish momentum, determined by its distance from its 20 day moving average, is roughly middle-of-the-pack relative to the cryptos we’re tracking. Now when considering volatility, aelf is more prone to sizable price moves than 24% of coins in our index, so it’s notably less volatile than the other cryptocurrencies we’re monitoring. If volatility over the past three weeks is any indication of what’s to come, we can expect aelf to bounce between 0.1844363 and $0.2274937 US dollars per coin.

Where to trade Aelf (symbol: ELF): Gate, Binance, DDEX, Ethfinex

Volume Update

Over the past week, aelf saw its daily volume range between 979,875.9 and 33,040,550 units of its own currency. Looking back over past 21 days, 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 2.72% over the past week, which means that is the percent of its available money supply that is traded daily. Its trading turnover percentage is higher than about 55.88% of the coins we’re tracking, so it’s middle-of-the-pack; investors/traders may thus wish to consider their liquidity requirements to make sure the coin matches their needs and their expected trading volume.

Engagement Update

Over the past week, aelf saw its holders go from 50,368 to 50,308, an increase of -0.12%. In terms of blockchain-recorded transactions made by these wallets since their inception, that number changed from 323,333 to 327,823, which translates to growth of 1.39% for the week. aelf’s combined growth rate — meaning the sum of its growth rate in holders and transactions — is 1.27% which puts it ahead of 42.42% of the coins in our index. This growth rate suggests the coin’s weekly growth in engagement is fairly mediocre.

Technology Development Status

aelf currently has 16 public repositories on GitHub, with the oldest one now 1.82 years young. The last recorded update to its public repositories 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 641 watchers — specifically, that’s more than 71 % of the top 100 coins we’re looking at. The coin has 166 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, 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 25% 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.

Ever Thought of Building Your Own Blockchain? Now You Can w

Where to Buy

You can trade Aelf, listed under the symbol ELF, through the following exchanges: Gate, Binance, DDEX, Ethfinex.

Article by SixJupiter

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