Price Action
In the week prior, the price for Augur went down by -3.17%. It is below its 20 day moving average by 5.03%, so it’s slightly away. Augur’s bullish momentum, determined 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. In terms of volatility, Augur exhibits greater price volatility than approximately 46% of coins in our index, so it’s volatilty is about what you’d expect for a cryptocurrency in our index. Based on volatility over the past three weeks, we can expect Augur to experience a price range in US dollars between 17.76076 and $23.45424.
Where to trade Augur (symbol: REP): Gate, Yobit, Binance, DDEX, Ethfinex
Volume Update
In the span of the preceding 7 days, Augur’s daily volume, in terms of its own unit of currency, has fluctuated between 91,576.73 and 1,422,246. In the three weeks prior, the trend in volume does not have a clear direction, while the price trend is clearly down. The past 7 days saw Augur’s trading turnover — meaning the percentage of its available supply that was traded — come in at 6.05%. This turnover rate is higher than approximately 68.42% of the cryptocurrencies we monitor, which means it’s above average and thus will have enough liquidity for many investors/traders.
Engagement Update
The number of wallets holding Augur went from 10,206 to 10,612 in the past week, marking a change of 3.98%. In terms of blockchain-recorded transactions made by these wallets since their inception, that number changed from 140,540 to 144,041, which translates to growth of 2.49% for the week. The combined engagement growth rate (growth rate in holders plus growth rate in transfers) of Augur is thus at 6.47% which, relatively speaking, is ahead of 77.78% of the cryptocurrencies we’re tracking. 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 4.49 years young. Its last public update to any of its repositories was within the past week which is not bad, as the coin is still being updated routinely. Augur’s public repositories collectively have a total of 1568 watchers, which is very impressive; that’s more than 83 % of the top 100 coins we compare it to. The coin has 558 outstanding issues in the backlog awaiting to be addressed by the core development team. 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
We found one link over the past week about Augur that we thought was especially worth sharing. If possible we included a brief excerpt from the article — be sure to click through for the entire piece.
Augur Weekly Report — May 29th – 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
