Price Action
In the week prior, the price for Augur went up by 4.26%. It is above its 20 day moving average by 2.75%, so it’s fairly close. Augur’s bullish momentum, based on its distance from its 20 day moving average, is pretty far negative compared to the other coins we’re covering, and thus may be due for a correction upwards or some kind of a period of low volatility. In terms of volatility, Augur exhibits greater price volatility than approximately 14% of coins in our index, so this coin might not move much — something traders and investors will certainly want to keep in mind. 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 $18.47601 and $23.47099.
Where to trade Augur (symbol: REP): Gate, Yobit, Binance, DDEX, Ethfinex
Volume Update
Over the past week, Augur saw its daily volume range between 98,276.99 and 1,382,640 units of its own currency. Looking back over past 21 days, volume has trended downwards, but price has gone in the opposite direction — up. The past 7 days saw Augur’s trading turnover — meaning the percentage of its available supply that was traded — come in at 6.76%. Its trading turnover percentage is higher than about 74.23% of the coins we’re tracking, 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 9,472 to 9,942 in the past week, marking a change of 4.96%. As for overall transactions, they increased from 132,023 to 136,260 — an increase of 3.21%. The combined engagement growth rate (growth rate in holders plus growth rate in transfers) of Augur is thus at 8.17% which, relatively speaking, is ahead of 80.00% of the cryptocurrencies we’re tracking. This could indicate that 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 4.45 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 repos that are visible to the public collectively have 1557 watchers — that’s more than 82 % of the top 100 coins we compare it to. The coin has 574 issues reported across its public repositories. 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 12 % 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 — May 15th – Augur
Blockchain Apps We’re Loving Right Now – Upstate Interactive
Where to Buy
You can trade Augur, listed under the symbol REP, through the following exchanges: Gate, Yobit, Binance, DDEX, Ethfinex.
Article by SixJupiter
