Qubitica Price Update
Qubitica is down by approximately 1.01% from the previous day, with its price currently hovering around $38.29 USD. This marked the the 4th day in a row Qubitica has been down; it is still in an uptrend, and is currently 8.53% above its 20 day moving average; staying above this level may be critical to sustain short-term momentum. In terms of an expected trading range, the Bollinger bands on Qubitica suggest price may bounce between $29.62818 and $40.93482 based on its momentum and volatility over the past 14 days. As we are closer to the top of that range, rangebound traders may wish to consider exploring selling opportunities.
The currency’s market cap currently stands at $80 million US dollars.
Qubitica’s Surprises of the Day
Yesterday, the metrics holders added saw a daily change well outside what is usually experienced. An exploration as to what caused this may be worthwhile.
Straight Off the Chain
32 transactions amongst holders of Qubitica occurred yesterday. In terms of estimating the number of holders, over the past day the total number of wallets holding Qubitica has gone up by approximately 6. Our engagement rank, which combines weekly percentage growth in number of holders and number of transfers, has Qubitica ranked 13 out of the 30 Ethereum tokens we’re tracking.
Observing Qubitica’s Richest Wallets
The top 1,000 Qubitica wallets hold over 99.76% of the token’s total money supply.
How Much Development is Occurring?
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 August 20, 2019, or approximately 34 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?
Social media growth, in terms of Twitter followers, came in at up 65 over the past day for Qubitica. If you are interested in following Qubitica on social media, Twitter, where it has 1,823 following it, may be a good place to start. You can follow Qubitica on Twitter here.
Article by SixJupiter
