Price Action
Since last week, Status Network Token’s price went down by -1.09%. It is below its 20 day moving average by 8.73%, so it’s somewhat away. 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 48% of coins in our index, so it’s volatilty is about what you’d expect for a cryptocurrency in our index. Based on volatility over the past three weeks, we can expect Status Network Token to experience a price range in US dollars between 0.0201288 and $0.0274432.
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 11,903,358 and 28,083,567. In the three weeks prior, both price and volume have been declining. The past 7 days saw Status’s trading turnover — meaning the percentage of its available supply that was traded — come in at 0.6%. Its turnover rate is more than approximately 27.08% 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 66,642 to 66,710 over the past week — a change of 0.10%. As for overall transactions, they increased from 658,743 to 661,561 — an increase of 0.43%. Status Network Token’s combined growth rate — meaning the sum of its growth rate in holders and transactions — is 0.53% which puts it ahead of 18.75% of the coins in our index. One interpretation of this may be that the coin’s usage is not growing much at all.
Technology Development Status
At the moment, Status has 30 repositories open to the public on GitHub, with the oldest one now being 2.02 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 repos now have 243 which is below average relative to its peers; that’s more than only 31 % of the 100 similar coins in our index. The coin has 69 issues reported across its public repositories. In comparison to the number of watchers it has, though, its open issues count is quite poor, and may potentially indicate some concern that the software is at risk of not being updated fast enough. Our hypothesis that the open issue/watcher ratio may be of some value in assessing the healthiness of a coin’s software development process, and for Status, this ratio was better than a mere 17 % of the similar coins we track in our index.
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.
The Lawn as Status Symbol — Mind-Body Copy – Zoe Zuniga
Article by SixJupiter
