Price Action
In the week prior, the price for aelf went up by 5%. It is below its 20 day moving average by 18.55%, so it’s a bit of a ways off. 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. In terms of volatility, aelf exhibits greater price volatility than approximately 94% of coins in our index, so bear that in mind if you decide to trade it. Based on volatility over the past three weeks, we can expect aelf to experience a price range in US dollars between 0.08283167 and $0.2469583.
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 1,123,067 and 16,030,805. Over the past three weeks, both price and volume have been declining. Over the past week, aelf saw its trading turnover — which we define as average daily trading volume divided by circulating supply — register at 1.39%. Its trading turnover percentage is higher than about 52% 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
The number of wallets holding aelf went from 49,689 to 49,785 in the past week, marking a change of 0.19%. In terms of blockchain-recorded transactions made by these wallets since their inception, that number changed from 333,936 to 336,291, which translates to growth of 0.71% for the week. The combined engagement growth rate (growth rate in holders plus growth rate in transfers) of aelf is thus at 0.90% which, relatively speaking, is ahead of 78.41% of the cryptocurrencies we’re tracking. One interpretation of this may be that the coin’s engagement is growing at an above average rate.
Technology Development Status
At the moment, aelf has 19 repositories open to the public on GitHub, with the oldest one now being 1.88 years young. The last recorded update to its public repositories 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 650 watchers — specifically, that’s more than 61 % of the top 100 coins we’re looking at. The coin has 147 issues reported across its public repositories. In comparison 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 25% of the coins we group aelf in.
Where to Buy
You can trade Aelf, listed under the symbol ELF, through the following exchanges: Gate, Binance, DDEX, Ethfinex.
Article by SixJupiter
