Price Action
In the week prior, the price for Gemini Dollar went down by 0%. It is above its 20 day moving average by 1.13%, which is quite close. Gemini Dollar’s bullish momentum, if assessed by its distance from its 20 day moving average, is above average relative to our index of cryptocurrencies. In terms of volatility, Gemini Dollar exhibits greater price volatility than approximately 3% of coins in our index, so this coin might not move much — something traders and investors will certainly want to keep in mind. Based on volatility over the past three weeks, we can expect Gemini Dollar to experience a price range in US dollars between 0.9833634 and $1.014047.
Where to trade Gemini Dollar (symbol: GUSD): Yobit
Volume Update
In the span of the preceding 7 days, Gemini Dollar’s daily volume, in terms of its own unit of currency, has fluctuated between 46,428.98 and 141,511.4. Over the past three weeks, the trend in volume is not clear, though price is marching upwards. The past 7 days saw Gemini Dollar’s trading turnover — meaning the percentage of its available supply that was traded — come in at 0.15%. Its trading turnover percentage is higher than about 13.4% of the coins we’re tracking, so it’s well below average; this coin may be hard to get into and out of, and thus is suitable only for those interested in holding and exiting slowly and patiently.
Engagement Update
The number of wallets holding Gemini Dollar went from 1,907 to 1,959 in the past week, marking a change of 2.73%. As for overall transactions, they increased from 38,071 to 39,041 — an increase of 2.55%. Gemini Dollar’s combined growth rate — meaning the sum of its growth rate in holders and transactions — is 5.28% which puts it ahead of 88.24% of the coins in our index. One interpretation of this may be that the coin may be on track to getting and sustaining actual usage.
Technology Development Status
Gemini Dollar currently has 12 public repos on GitHub, with the oldest one clocking in at 3.66 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. Gemini Dollar’s public repos now have 39 which is very bad on a relative basis; it bests only 9 % of the 100 similar coins in our index. The coin has 0 total outstanding issues across all 12 of its public repositories on GitHub. In comparison to the number of watchers it has, though, its open issues count doesn’t seem like something to worry about. To put the situation in context, Gemini Dollar has a better issue/watcher ratio on its GitHub than 94% of similar coins we’re tracking.
Gemini Dollar News and Commentary
Over the past week, we found one link about Gemini Dollar that we thought was particularly interesting. If available, we added an excerpt from the article to help give a taste of what it is about.
6 Stablecoins You Should to Invest in 2019 – CoinCola
Where to Buy
You can trade Gemini Dollar, listed under the symbol GUSD, through the following exchanges: Yobit.
Article by SixJupiter
