Price Action
Over the past week, Augur saw its price go down by -12.91%. It is below its 20 day moving average by 11.27%, so it’s somewhat away. Augur’s bullish momentum, if assessed by its distance from its 20 day moving average, is among the worst compared to other cryptocurrencies, and thus may indicate the coin has swung too far and too fast — and may thus be due for consolidation or a bullish correction. Now when considering volatility, Augur is more prone to sizable price moves than 15% of coins in our index, so this coin might not move much — something traders and investors will certainly want to keep in mind. If volatility over the past three weeks is any indication of what’s to come, we can expect Augur to bounce between 16.19963 and $19.52637 US dollars per coin.
Where to trade Augur (symbol: REP): Gate, Yobit, Binance, DDEX, Ethfinex
Volume Update
In the week prior, the daily volume for Augur has ranged between 76,129.17 and 2,345,212 currency units. Over the past three weeks, the trend in volume does not have a clear direction, while the price trend is clearly down. Augur experienced a turnover rate of about 7.17% over the past week, which means that is the percent of its available money supply that is traded daily. Its turnover rate is more than approximately 74.51% of the cryptocurrencies in our index, so it’s above average and thus will have enough liquidity for many investors/traders.
Engagement Update
The number of wallets holding Augur went from 11,485 to 11,794 in the past week, marking a change of 2.69%. And in regards to cumulative transactions logged on the blockchain, they went from 152,629 to 156,001, which amounts to a change of 2.21%. This translates to a combined engagement growth rate of 4.90% for Augur — which is higher than 75.76% of the cryptocurrencies we’re reporting on. One interpretation of this may be that the coin’s engagement is growing at an above average rate.
Technology Development Status
At the moment, Augur has 30 repositories open to the public on GitHub, with the oldest one now being 4.57 years young. The last recorded update to its public repositories was within the past week which is not bad, as the coin is still being updated routinely. Augur’s public repos now have 1597 which is very impressive; that’s more than 85 % of the top 100 coins we compare it to. The coin has 603 total outstanding issues across all 30 of its public repositories on GitHub. In comparison to the number of watchers it has, though, 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 16 % of the similar coins we track in our index.
Augur News and Commentary
We found 2 links over the past week about Augur that we thought were especially worth sharing. Where available, we included a snippet of the article that we thought might be interesting.
Augur Weekly Report — June 26th – Augur
Where to Buy
You can trade Augur, listed under the symbol REP, through the following exchanges: Gate, Yobit, Binance, DDEX, Ethfinex.
Article by SixJupiter
