Price Action
In the week prior, the price for Theta went down by -9.7%. It is below its 20 day moving average by 5.73%, so it’s slightly away. Theta’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. Now when considering volatility, Theta is more prone to sizable price moves than 17% 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 Theta to bounce between 0.1151748 and $0.1396352 US dollars per coin.
Where to trade Theta Token (symbol: THETA): Gate, Yobit, Binance
Volume Update
Over the past week, THETA saw its daily volume range between 3,031,912 and 34,383,415 units of its own currency. In the three weeks prior, both price and volume have been declining. Over the past week, THETA saw its trading turnover — which we define as average daily trading volume divided by circulating supply — register at 1.79%. This turnover rate is higher than approximately 45.1% of the cryptocurrencies we monitor, which means 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
Over the past week, Theta saw its holders go from NA to 26,552, an increase of NA%. In terms of blockchain-recorded transactions made by these wallets since their inception, that number changed from NA to 190,469, which translates to growth of NA% for the week. The combined engagement growth rate (growth rate in holders plus growth rate in transfers) of Theta is thus at NA% which, relatively speaking, is ahead of NA% of the cryptocurrencies we’re tracking. This growth rate suggestsNA
Technology Development Status
At the moment, THETA has 9 repositories open to the public on GitHub, with the oldest one now being 1.58 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. THETA’s public repositories collectively have a total of 163 watchers, which is about average compared to other similar coins; that’s more than approximately 53 % of coins in its index. The coin has 12 total outstanding issues across all 9 of its public repositories on GitHub. Its number of watchers, when viewed against its open issues count, is fairly mediocre. We consider the GitHub open issue/watcher ratio as a potential indicator of the healthiness of a coin’s software development process, and for THETA we see that its issue/watcher ratio looks healthier than 53% of similar coins in our index.
Where to Buy
You can trade Theta Token, listed under the symbol THETA, through the following exchanges: Gate, Yobit, Binance.
Article by SixJupiter
