Price Action
In the week prior, the price for Theta went up by 27%. It is above its 20 day moving average by 10.08%, so it’s somewhat away. Theta’s bullish momentum, based on its distance from its 20 day moving average, is above average relative to our index of cryptocurrencies. Regarding volatility, Theta is more volatile than roughly 22% 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 Theta in US dollars is expected to be between $0.09625706 and $0.1319509.
Where to trade Theta Token (symbol: THETA): Gate, Yobit, Binance
Volume Update
Over the past week, THETA saw its daily volume range between 2,021,745 and 58,708,252 units of its own currency. Over the past three weeks, the trend in volume,like the trend in price, is choppy and does not reveal a clear direction. The past 7 days saw THETA’s trading turnover — meaning the percentage of its available supply that was traded — come in at 1.63%. This turnover rate is higher than approximately 56% 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
THETA currently has 9 public repositories on GitHub, with the oldest one now 1.64 years young. Its most recent public update 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 170 watchers — that’s more than only 35 % of the 100 similar coins in our index. The coin has 13 outstanding issues in the backlog awaiting to be addressed by the core development team. In comparison 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 58% of similar coins in our index.
THETA News and Commentary
Over the past week, we found one link about THETA that we thought was particularly interesting. If possible we included a brief excerpt from the article — be sure to click through for the entire piece.
Theta: An advertising partnership with Brave, Ongoing Pre-Guardian Node
Excerpt:
Two of the most widely-adopted blockchain projects will be joining forces for an advertising partnership: Brave and SLIVER.tv / Theta Network!…SLIVER.tv / Theta will become a Verified Publisher in the Brave browser, while Brave will become a sponsor on SLIVER.tv, running ads alongside the top streamers.
Where to Buy
You can trade Theta Token, listed under the symbol THETA, through the following exchanges: Gate, Yobit, Binance.
Article by SixJupiter
