Price Action
In the week prior, the price for aelf went up by 5.72%. It is above its 20 day moving average by 2.55%, 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. Regarding volatility, aelf is more volatile than roughly 24% of coins in our index, so it’s notably less volatile than the other cryptocurrencies we’re monitoring. Based on volatility over the past three weeks, we can expect aelf to experience a price range in US dollars between 0.1838719 and $0.2307481.
Where to trade Aelf (symbol: ELF): Gate, Binance, DDEX, Ethfinex
Volume Update
Over the past week, aelf saw its daily volume range between 687,944.7 and 23,247,700 units of its own currency. In the three weeks prior, 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 1.92% over the past week, which means that is the percent of its available money supply that is traded daily. This turnover rate is higher than approximately 53.92% of the cryptocurrencies we monitor, which means 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 50,437 to 50,177 in the past week, marking a change of -0.52%. As for overall transactions, they increased from 326,092 to 330,031 — an increase of 1.21%. This translates to a combined engagement growth rate of 0.69% for aelf — which is higher than 23.53% of the cryptocurrencies we’re reporting on. This growth rate suggests its change in engagement is below average, at least on a percentage basis.
Technology Development Status
aelf currently has 16 public repos on GitHub, with the oldest one clocking in at 1.84 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 645 watchers — specifically, that’s more than 60 % of the top 100 coins we’re looking at. The coin has 166 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 26% of the coins we group aelf in.
aelf News and Commentary
Over the past week, we found 2 links about aelf that we found especially interesting. Where available, we included a snippet of the article that we thought might be interesting.
Cosmos Vs. aelf — Learning from other’s mistakes – aelf
Orange Teleco x aelf Blockchain – aelf
Excerpt:
Hoabo Ma (aelf CEO), JB Lee (aelf Director of Global Operations), and Samual Bassett (aelf Senior Developer), were some of the team members who presented aelf’s technology….Orange Bank CEO, Paul de Leusse, highly praised aelf’s development, “Orange is optimistic about the broad prospects of aelf in the world, with the capability to work for various different scenes and performance, aelf is able to serve for financial, e-commerce, payment, and other areas.
Where to Buy
You can trade Aelf, listed under the symbol ELF, through the following exchanges: Gate, Binance, DDEX, Ethfinex.
Article by SixJupiter
