Price Action
Over the past week, Theta saw its price go down by -15.4%. It is below its 20 day moving average by 15.31%, 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. Regarding volatility, Theta is more volatile than roughly 11% of coins in our index, so this coin might not move much — something traders and investors will certainly want to keep in mind. Looking ahead, if the upcoming week mirrors the volatility of three past three weeks, the price range for Theta in US dollars is expected to be between $0.1057005 and $0.1278595.
Where to trade Theta Token (symbol: THETA): Gate, Yobit, Binance
Volume Update
In the week prior, the daily volume for THETA has ranged between 1,459,578 and 27,821,259 currency units. Over the past three weeks, the trend in volume does not have a clear direction, while the price trend is clearly down. Over the past week, THETA saw its trading turnover — which we define as average daily trading volume divided by circulating supply — register at 1.35%. This turnover rate is higher than approximately 50% 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.
Technology Development Status
At the moment, THETA has 9 repositories open to the public on GitHub, with the oldest one now being 1.62 years young. The last recorded update to its public repositories was within the past week which is not bad, as the coin is still being updated routinely. THETA’s repos that are visible to the public collectively have 167 watchers — that’s more than only 39 % of the 100 similar coins in our index. The coin has 12 total outstanding issues across all 9 of its public repositories on GitHub. Relative to the number of watchers it has, though, 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 59% 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
