Price Action
In the week prior, the price for aelf went up by 11.3%. It is above its 20 day moving average by 18.26%, 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. In terms of volatility, aelf exhibits greater price volatility than approximately 88% of coins in our index, so bear that in mind if you decide to trade it. If volatility over the past three weeks is any indication of what’s to come, we can expect aelf to bounce between 0.140061 and $0.268039 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 6,499,110 and 109,760,649. Over the past three weeks, the trend in volume is not clear, though price is marching upwards. aelf experienced a turnover rate of about 7.92% 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 81.82% of the cryptocurrencies we monitor, which means it’s far above average and thus a good coin for those interested in active trading or being able to get out of the market if they need to.
Engagement Update
The number of wallets holding aelf went from 51,059 to 50,703 in the past week, marking a change of -0.70%. And in regards to cumulative transactions logged on the blockchain, they went from 304,169 to 309,543, which amounts to a change of 1.77%. aelf’s combined growth rate — meaning the sum of its growth rate in holders and transactions — is 1.07% which puts it ahead of 41.67% of the coins in our index. One interpretation of this may be that the coin’s weekly growth in engagement is fairly mediocre.
Technology Development Status
At the moment, aelf has 15 repositories open to the public on GitHub, with the oldest one now being 1.72 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 public repos now have 614 which is about average compared to other similar coins; that’s more than approximately 53 % of coins in its index. The coin has 169 total outstanding issues across all 15 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 23% of the coins we group aelf in.
aelf News and Commentary
The top theme being discussed about aelf in the past week is listed below. If possible we included a brief excerpt from the article — be sure to click through for the entire piece.
aelf Enterprise 0.7.0 Beta Version explained – aelf
Where to Buy
You can trade Aelf, listed under the symbol ELF, through the following exchanges: Gate, Binance, DDEX, Ethfinex.
Article by SixJupiter
