Aelf (ELF) May 20, 2019 Weekly Summary: Price Up 23.59%

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Price Action

Since last week, aelf’s price went up by 23.59%. It is above its 20 day moving average by 20.25%, 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 above average relative to our index of cryptocurrencies. Now when considering volatility, aelf is more prone to sizable price moves than 69% of coins in our index, so traders can expect a bit more volatility than usual. Based on volatility over the past three weeks, we can expect aelf to experience a price range in US dollars between 0.13627 and $0.22449.

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

Volume Update

Over the past week, aelf saw its daily volume range between 1,721,370 and 18,381,043 units of its own currency. In the three weeks prior, the trend in volume is not clear, though price is marching upwards. The past 7 days saw aelf’s trading turnover — meaning the percentage of its available supply that was traded — come in at 3.12%. Its trading turnover percentage is higher than about 55.67% 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 51,130 to 51,059, an increase of -0.14%. And in regards to cumulative transactions logged on the blockchain, they went from 301,617 to 304,169, which amounts to a change of 0.85%. The combined engagement growth rate (growth rate in holders plus growth rate in transfers) of aelf is thus at 0.71% which, relatively speaking, is ahead of 28.57% of the cryptocurrencies we’re tracking. This could indicate that its change in engagement is below average, at least on a percentage basis.

Technology Development Status

At the moment, aelf has 15 repositories open to the public on GitHub, with the oldest one now being 1.7 years young. Its last public update to any of its 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 public repos now have 609 which is about average compared to other similar coins; that’s more than approximately 53 % of coins in its index. The coin has 164 total outstanding issues across all 15 of its public repositories on GitHub. 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 23% of the coins we group aelf in.

aelf News and Commentary

We found 2 links over the past week about aelf that we thought were especially worth sharing. If possible we included a brief excerpt from the article — be sure to click through for the entire piece.

aelf Joins Hands with VCC Exchange — Bittrex Backed, First Government-friendly Crypto a

Excerpt:

Aelf will continue to cultivate blockchain developers and the ecosystem participants to help expand the Vietnamese market.”…On May 19, 2019, the first Vietnamese government-friendly digital asset trading platform VCC opens its service in partnership with aelf.

Aelf has Officially Released Enterprise Beta 0.7.0 !! Learn more abou

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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