Price Action
In the week prior, the price for Status Network Token went down by -6.93%. It is below its 20 day moving average by 4.05%, so it’s fairly close. Status Network Token’s bullish momentum, based on its distance from its 20 day moving average, is roughly middle-of-the-pack relative to the cryptos we’re tracking. Regarding volatility, Status Network Token is more volatile than roughly 6% 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 Status Network Token to experience a price range in US dollars between 0.02714726 and $0.03109074.
Volume Update
In the week prior, the daily volume for Status has ranged between 5,010,015 and 85,957,254 currency units. In the three weeks prior, the trend in volume,like the trend in price, is choppy and does not reveal a clear direction. Status experienced a turnover rate of about 0.84% over the past week, which means that is the percent of its available money supply that is traded daily. This turnover rate is higher than approximately 28.43% of the cryptocurrencies we monitor, which means it’s below average, and so there may be some risk that traders/investors have difficulty in getting in and out of positions.
Engagement Update
Status Network Token saw the number of wallets holding its coin go from 67,626 to 67,947 over the past week — a change of 0.47%. As for overall transactions, they increased from 685,096 to 690,409 — an increase of 0.78%. The combined engagement growth rate (growth rate in holders plus growth rate in transfers) of Status Network Token is thus at 1.25% which, relatively speaking, is ahead of 39.39% of the cryptocurrencies we’re tracking. This growth rate suggests its change in engagement is below average, at least on a percentage basis.
Technology Development Status
At the moment, Status has 30 repositories open to the public on GitHub, with the oldest one now being 2.17 years young. The last recorded update to its public repositories was within the past day, which is pretty good, as it suggests the coin is still under active and rapid technical development. Status’s public repositories collectively have a total of 258 watchers, which is about average compared to other similar coins; that’s more than approximately 58 % of coins in its index. The coin has 65 issues reported across its public repositories. Its number of watchers, when viewed against its open issues count, is a bit below average, and thus potentially concerning. We view the ratio of open issues on Status’s GitHub repos relative to the number of developers who follow its repos as a way to quantitatively assess the health of a coin’s software development processes, and for Status we see that it fares better than only 28% of the coins we group Status in.
Status News and Commentary
We found one link over the past week about Status that we thought was especially worth sharing. If available, we added an excerpt from the article to help give a taste of what it is about.
Chancellor Cantor and a Fender Bender: Lessons – Karen Gross
Article by SixJupiter
