Price Action
Since last week, Status Network Token’s price went down by -30.37%. It is below its 20 day moving average by 24.94%, so it’s a bit of a ways off. Status Network Token’s bullish momentum, determined by its distance from its 20 day moving average, is pretty far negative compared to the other coins we’re covering, and thus may be due for a correction upwards or some kind of a period of low volatility. Now when considering volatility, Status Network Token is more prone to sizable price moves than 57% of coins in our index, so it’s volatilty is about what you’d expect for a cryptocurrency in our index. If volatility over the past three weeks is any indication of what’s to come, we can expect Status Network Token to bounce between 0.02088082 and $0.03227618 US dollars per coin.
Volume Update
Over the past week, Status saw its daily volume range between 2,935,809 and 30,425,949 units of its own currency. Looking back over past 21 days, the trend in volume does not have a clear direction, while the price trend is clearly down. Status experienced a turnover rate of about 0.53% over the past week, which means that is the percent of its available money supply that is traded daily. Its trading turnover percentage is higher than about 26.47% of the coins we’re tracking, so 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
The number of wallets holding Status Network Token went from 68,033 to 68,378 in the past week, marking a change of 0.51%. And in regards to cumulative transactions logged on the blockchain, they went from 692,541 to 698,987, which amounts to a change of 0.93%. Status Network Token’s combined growth rate — meaning the sum of its growth rate in holders and transactions — is 1.44% which puts it ahead of 77.16% of the coins in our index. One interpretation of this may be that the coin’s engagement is growing at an above average rate.
Technology Development Status
At the moment, Status has 30 repositories open to the public on GitHub, with the oldest one now being 2.21 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 repos that are visible to the public collectively have 258 watchers — that’s more than approximately 46 % of coins in its index. The coin has 65 issues reported across its public repositories. In comparison to the number of watchers it has, though, 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 25% of the coins we group Status in.
Status News and Commentary
The top theme being discussed about Status in the past week is listed below. Where available, we included a snippet of the article that we thought might be interesting.
The Simple Key to Improving Your Status at Work – The Startup
Excerpt:
I have a problem when someone mistakenly pairs their status at work with their own value or worth as a person….I have a problem with status, by which I mean someone’s social or professional standing or rank….For me, I achieve high status when a co-worker or boss sees me as reliable, knowledgeable, and generous….A boss who shares their knowledge and cultivates their employees’ careers, to me, is another example of a high-status person….So, if I am aware that my status at work does not define me, yet I intend to pursue recognition for my accomplishments, then how should I improve my status at work?…During my freshman year of college, a friend told me about an online community for college students where members provided personal details on their social and school-career status, and professional aspirations, as in depth and often as they liked.
Article by SixJupiter
