Price Action
Over the past week, aelf saw its price go up by 0.9%. It is above its 20 day moving average by 1.78%, 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 9% of coins in our index, so this coin might not move much — something traders and investors will certainly want to keep in mind. 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 $0.156084 and $0.175626.
Where to trade Aelf (symbol: ELF): Gate, Binance, DDEX, Ethfinex
Volume Update
In the week prior, the daily volume for aelf has ranged between 1,721,370 and 13,673,120 currency units. In the three weeks prior, both price and volume have been declining. aelf experienced a turnover rate of about 2.9% 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 63.27% of the coins we’re tracking, so it’s above average and thus will have enough liquidity for many investors/traders.
Engagement Update
The number of wallets holding aelf went from 50,330 to 51,129 in the past week, marking a change of 1.59%. And in regards to cumulative transactions logged on the blockchain, they went from 299,525 to 301,744, which amounts to a change of 0.74%. This translates to a combined engagement growth rate of 2.33% for aelf — which is higher than 58.33% of the cryptocurrencies we’re reporting on. This could indicate that the coin’s weekly growth in engagement is fairly mediocre.
Technology Development Status
aelf currently has 15 public repos on GitHub, with the oldest one clocking in at 1.68 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 604 watchers — that’s more than approximately 53 % of coins in its index. The coin has 152 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 28% 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 possible we included a brief excerpt from the article — be sure to click through for the entire piece.
A Comprehensive List of Enterprises Partnering with blockchain
Where to Buy
You can trade Aelf, listed under the symbol ELF, through the following exchanges: Gate, Binance, DDEX, Ethfinex.
Article by SixJupiter
