August 13, 2019: Qubitica (QBIT): Down 0.93%; 2nd Consecutive Down Day

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Qubitica Price Update

Qubitica’s current price, at the time of this writing, is $40.57 USD, down by approximately 0.93% from the day prior. Qubitica is currently in a unclear , and it should be noted that this is now the the 2nd consecutive day that price has been down. Moreover, Qubitica is now 4.94% below its 20 day moving average. Traders looking for a range to trade within may wish to note that the Bollinger bands (a price indicator based on recent momentum and volatility) for Qubitica imply the currency may oscillate between $39.39206 and $45.96294, based on how price has behaved in the two weeks prior. As we are closer to the bottom of that range, rangebound traders may wish to consider exploring buying opportunities.

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As for Qubitica’s market cap, it is currently at about $85M US dollars.

Daily Engagement Metrics Update

Yesterday we did not see any transfers amongst holders of Qubitica. Regarding a tally of holders, Yesterday saw Qubitica’s wallet count drop by 0. To provide context, we’d rank this token as 2 out of the 54 Ethereum tokens in our index based on percentage growth in engagement over the past 7 days.

Observing Qubitica’s Richest Wallets

The top 1,000 Qubitica wallets hold over 99.58% of the token’s total money supply.

How Active are the Software Developers?

In terms of how active the software development team working on Qubitica is, it may be worth observing that the last time any work pertaining to code was done on their GitHub code repository was on April 15, 2019, or approximately 120 days before. To understand how code development is progressing, we observed the growth rates in the number of open issues and the number of users following Qubitica on GitHub; we found no growth in both of those metrics over the past 30 days, suggesting code is either being maintained elsewhere or code development as stopped.

What’s Going on Social Media?

Traders interested in following Qubitica has the biggest presence on Twitter, where it has 1,802 users engaged. Here is the Twitter page for Qubitica.

Article by SixJupiter

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