Status Network Token (SNT) June 10, 2019 Weekly Summary: Price Up 8.97%

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Price Action

In the week prior, the price for Status Network Token went up by 8.97%. It is above its 20 day moving average by 4.91%, so it’s slightly away. Status Network Token’s bullish momentum, if assessed by its distance from its 20 day moving average, is above average relative to our index of cryptocurrencies. Regarding volatility, Status Network Token is more volatile than roughly 28% of coins in our index, so it’s notably less volatile than the other cryptocurrencies we’re monitoring. Looking ahead, if the upcoming week mirrors the volatility of three past three weeks, the price range for Status Network Token in US dollars is expected to be between $0.02478808 and $0.03101192.

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Volume Update

In the span of the preceding 7 days, Status’s daily volume, in terms of its own unit of currency, has fluctuated between 13,878,726 and 172,355,857. Looking back over past 21 days, the trend in volume,like the trend in price, is choppy and does not reveal a clear direction. The past 7 days saw Status’s trading turnover — meaning the percentage of its available supply that was traded — come in at 1.46%. Its trading turnover percentage is higher than about 43.3% of the coins we’re tracking, so it’s middle-of-the-pack; investors/traders may thus wish to consider their liquidity requirements to make sure the coin matches their needs and their expected trading volume.

Engagement Update

The number of wallets holding Status Network Token went from 67,374 to 67,318 in the past week, marking a change of -0.08%. As for overall transactions, they increased from 673,559 to 678,048 — an increase of 0.67%. The combined engagement growth rate (growth rate in holders plus growth rate in transfers) of Status Network Token is thus at 0.59% which, relatively speaking, is ahead of 28.57% 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

Status currently has 30 public repos on GitHub, with the oldest one clocking in at 2.11 years young. Its last public update to any of its 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 252 watchers — that’s more than approximately 42 % of coins in its index. The coin has 63 outstanding issues in the backlog awaiting to be addressed by the core development team. 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 23% 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 possible we included a brief excerpt from the article — be sure to click through for the entire piece.

Status — More than a Wallet DApp – 5k

Snippet:

It is important to know which wallets are the most secure and most importantly how easy is to use to access the wallet….Then with its Android and Ios applications where people can use it as a secured messenger and send transactions directly, that’s totally amazing.

Article by SixJupiter

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