May 8, 2020: Augur (REP): Down 1.96%

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Augur Price Update

At the time of this writing, Augur has a price of $11.01 USD, which puts it down by approximately 1.96% from yesterday. The down day for Augur yesterday was a reversal from the day before it, which puts its price at 4.6% above its 20 day moving average. Over the past two weeks, price has been in an up trend. From another vantage point, note that price has gone up 2 of the past 5 days. Another data point we may find worthy of observation is that price for Augur has increased 2 of the previous 5 days.

In terms of an expected trading range, the Bollinger bands on Augur suggest price may bounce between $9.883142 and $11.16946 based on its momentum and volatility over the past 14 days. Given its boundaries, rangebound traders may find it compelling to entertain shorting, as we are nearer to the top of the range.

The currency’s market cap currently stands at $121 million US dollars.

Daily Engagement Metrics Update

NA transactions amongst holders of Augur occurred yesterday. In terms of estimating the number of holders, over the past day the total number of wallets holding Augur has gone NA by approximately NA. To understand loyalty or repeat usage amongst holders of Augur, we can note that there were NA wallets making a transaction yesterday, while NA wallets have sent or received tokens in the past month; this imputes a daily active wallet to monthly active wallet ratio of about NA.

How are the Strong Holders of Augur Faring?

And in regards to wealth distribution, note that the top 1,000 Augur wallets hold over 66.64% of the token’s total money supply. If we focus on exchanges, which may be an correlated with liquidity and greater confidence in the currency, the exchange wallets that are in the top 1,000 wallets own 3.68% of the currency’s total money supply. In terms of growth rates, the share of total supply of the richest 1,000 wallets has grown by 0.29% over the past week. For the exchange wallets within the richest 1,000 wallets, their share has grown by -0.02%.

Article by SixJupiter

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