Theta (THETA) July 8, 2019 Weekly Summary: Price Down 1.66%

.

Price Action

Over the past week, Theta saw its price go down by -1.66%. It is below its 20 day moving average by 3.37%, so it’s slightly away. Theta’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. In terms of volatility, Theta exhibits greater price volatility than approximately 25% of coins in our index, so it’s notably less volatile than the other cryptocurrencies we’re monitoring. Based on volatility over the past three weeks, we can expect Theta to experience a price range in US dollars between 0.1084339 and $0.1366161.

Where to trade Theta Token (symbol: THETA): Gate, Yobit, Binance

Volume Update

In the week prior, the daily volume for THETA has ranged between 1,672,001 and 16,789,852 currency units. Over the past three weeks, the trend in volume does not have a clear direction, while the price trend is clearly down. The past 7 days saw THETA’s trading turnover — meaning the percentage of its available supply that was traded — come in at 1.13%. Its trading turnover percentage is higher than about 41.18% of the coins we’re tracking, so 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

Theta saw the number of wallets holding its coin go from NA to 26,552 over the past week — a change 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 1.6 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 public repositories collectively have a total of 166 watchers, which is below average relative to its peers; that’s more than only 38 % of the 100 similar coins in our index. The coin has 13 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 55% of similar coins in our index.

THETA News and Commentary

We found one link over the past week about THETA that we thought was especially worth sharing. If available, we added an excerpt from the article to help give a taste of what it is about.

Theta: PGN payouts for month of June have been distributed with >670 active users and 100

Key Extract:

These weeks, Theta Edge Cacher v1 beta released!…Thanks to Theta community for all the killer Theta designs submitted over the last 2 weeks!

Where to Buy

You can trade Theta Token, listed under the symbol THETA, through the following exchanges: Gate, Yobit, Binance.

Article by SixJupiter

Stay up to date on crypto news!

Sign up for our newsletter for all the hottest crypto stories, ICO reviews, and insights from leading experts of the crypto world - four times a week.

You have been signed up!