Price Action
Over the past week, aelf saw its price go down by -38.42%. It is below its 20 day moving average by 33.85%, so it’s very far 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. Now when considering volatility, aelf is more prone to sizable price moves than 70% of coins in our index, so traders can expect a bit more volatility than usual. If volatility over the past three weeks is any indication of what’s to come, we can expect aelf to bounce between 0.1440793 and $0.2426307 US dollars per coin.
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 2,257,257 and 10,389,672. In the three weeks prior, both price and volume have been declining. aelf experienced a turnover rate of about 1.4% 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 51.96% of the cryptocurrencies in our index, 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
aelf saw the number of wallets holding its coin go from 50,171 to 49,689 over the past week — a change of -0.96%. And in regards to cumulative transactions logged on the blockchain, they went from 329,800 to 333,936, which amounts to a change of 1.25%. aelf’s combined growth rate — meaning the sum of its growth rate in holders and transactions — is 0.29% which puts it ahead of 57.31% of the coins in our index. This could indicate that the coin’s weekly growth in engagement is fairly mediocre.
Technology Development Status
At the moment, aelf has 18 repositories open to the public on GitHub, with the oldest one now being 1.86 years young. Its most recent public update was within the past week which is not bad, as the coin is still being updated routinely. aelf’s repos that are visible to the public collectively have 649 watchers — specifically, that’s more than 62 % of the top 100 coins we’re looking at. The coin has 161 issues reported across its public repositories. Relative to the number of watchers it has, though, 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 27% of the coins we group aelf in.
aelf News and Commentary
The top 2 themes being discussed about aelf in the past week are listed below. Where available, we included a snippet of the article that we thought might be interesting.
ETH 2.0 Serenity — What to Expect & This Will Affect aelf –
aelf founder, Haobo Ma, Speaks at StakingCon – aelf
Excerpt:
Haobo then explained aelf’s Economic System characteristics, “aelf paid specific attention to network participants throughout the staking model design process….Regarding aelf’s technological and business development, Haobo said, “aelf has released the aelf Enterprise 0.7.0 Beta version, a complete set of commercial blockchain solutions which is supported by AWS.
Where to Buy
You can trade Aelf, listed under the symbol ELF, through the following exchanges: Gate, Binance, DDEX, Ethfinex.
Article by SixJupiter
