Price Action
In the week prior, the price for Status Network Token went up by 3.38%. It is above its 20 day moving average by 2.6%, so it’s fairly close. Status Network Token’s bullish momentum, if assessed by 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 19% of coins in our index, so this coin might not move much — something traders and investors will certainly want to keep in mind. If volatility over the past three weeks is any indication of what’s to come, we can expect Status Network Token to bounce between 0.02670513 and $0.03105587 US dollars per coin.
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 3,184,281 and 46,806,801. Looking back over past 21 days, the trend in volume is not clear, though price is marching upwards. The past 7 days saw Status’s trading turnover — meaning the percentage of its available supply that was traded — come in at 0.71%. Its turnover rate is more than approximately 31% of the cryptocurrencies in our index, 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
Status Network Token saw the number of wallets holding its coin go from 67,428 to 67,626 over the past week — a change of 0.29%. In terms of blockchain-recorded transactions made by these wallets since their inception, that number changed from 680,073 to 685,096, which translates to growth of 0.74% for the week. The combined engagement growth rate (growth rate in holders plus growth rate in transfers) of Status Network Token is thus at 1.03% which, relatively speaking, is ahead of 42.42% of the cryptocurrencies we’re tracking. This could indicate that the coin’s weekly growth in engagement is fairly mediocre.
Technology Development Status
Status currently has 30 public repos on GitHub, with the oldest one clocking in at 2.15 years young. Its last public update to any of its repositories was within the past week which is not bad, as the coin is still being updated routinely. Status’s public repos now have 255 which is about average compared to other similar coins; that’s more than approximately 40 % of coins in its index. The coin has 66 issues reported across its public repositories. Relative 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 22% of the coins we group Status in.
Status News and Commentary
The top 2 themes being discussed about Status in the past week are listed below. If available, we added an excerpt from the article to help give a taste of what it is about.
Society and The Outcast, Part 2 – The Official Blog of Waden Greaux
Society and The Outcast, Part 1 – The Official Blog of Waden Greaux
Snippet:
What caused this radical shift in human behavior is the topic of many prevailing theories, but it is suffice to say that humanity as a whole abandoned their primitive roots and began to form what is now known as civilization, or “society.” Such societies were defined within the context of the tribe and their personal outlook on the world, rather than of their relations with neighboring tribes, or of their respective place within it.
Article by SixJupiter
