Price Action
In the week prior, the price for Augur went up by 0.05%. It is above its 20 day moving average by 6.43%, so it’s fairly close. Augur’s bullish momentum, if assessed by its distance from its 20 day moving average, is well above average relative to its peers, and thus may be a sign the market for the coin is overheating and due to correct downwards. In terms of volatility, Augur exhibits greater price volatility than approximately 30% of coins in our index, so it’s notably less volatile than the other cryptocurrencies we’re monitoring. Looking ahead, if the upcoming week mirrors the volatility of three past three weeks, the price range for Augur in US dollars is expected to be between $18.06914 and $23.49686.
Where to trade Augur (symbol: REP): Gate, Yobit, Binance, DDEX, Ethfinex
Volume Update
Over the past week, Augur saw its daily volume range between 378,971.8 and 2,124,297 units of its own currency. In the three weeks prior, volume has steadily declined, but the trend in price is not as clear one way or the other. Over the past week, Augur saw its trading turnover — which we define as average daily trading volume divided by circulating supply — register at 8.05%. Its turnover rate is more than approximately 78.35% of the cryptocurrencies in our index, so it’s above average and thus will have enough liquidity for many investors/traders.
Engagement Update
Augur saw the number of wallets holding its coin go from 8,490 to 8,782 over the past week — a change of 3.44%. And in regards to cumulative transactions logged on the blockchain, they went from 121,916 to 124,839, which amounts to a change of 2.40%. The combined engagement growth rate (growth rate in holders plus growth rate in transfers) of Augur is thus at 5.84% which, relatively speaking, is ahead of 94.12% of the cryptocurrencies we’re tracking. This growth rate suggests the coin may be on track to getting and sustaining actual usage.
Technology Development Status
At the moment, Augur has 30 repositories open to the public on GitHub, with the oldest one now being 4.39 years young. Its most recent public update was within the past day, which is pretty good, as it suggests the coin is still under active and rapid technical development. Augur’s public repositories collectively have a total of 1540 watchers, which is very impressive; that’s more than 80 % of the top 100 coins we compare it to. The coin has 537 total outstanding issues across all 30 of its public repositories on GitHub. Its number of watchers, when viewed against its open issues count, is quite poor, and may potentially indicate some concern that the software is at risk of not being updated fast enough. Our hypothesis that the open issue/watcher ratio may be of some value in assessing the healthiness of a coin’s software development process, and for Augur, this ratio was better than a mere 14 % of the similar coins we track in our index.
Augur News and Commentary
The top 2 themes being discussed about Augur in the past week are listed below. If available, we added an excerpt from the article to help give a taste of what it is about.
On TCRs and Predictions Markets: Counterweights and C
Augur (REP): First Token to Join YouHodler Platform Launch
Where to Buy
You can trade Augur, listed under the symbol REP, through the following exchanges: Gate, Yobit, Binance, DDEX, Ethfinex.
Article by SixJupiter
