Price Action
Since last week, Theta’s price went down by -11.94%. It is below its 20 day moving average by 4.75%, so it’s slightly away. Theta’s bullish momentum, if assessed by its distance from its 20 day moving average, is among the worst compared to other cryptocurrencies, and thus may indicate the coin has swung too far and too fast — and may thus be due for consolidation or a bullish correction. In terms of volatility, Theta exhibits greater price volatility than approximately 30% 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 0.1206574 and $0.1487426.
Where to trade Theta Token (symbol: THETA): Gate, Yobit, Binance
Volume Update
In the week prior, the daily volume for THETA has ranged between 4,259,344 and 45,830,392 currency units. Over the past three weeks, the trend in volume,like the trend in price, is choppy and does not reveal a clear direction. Over the past week, THETA saw its trading turnover — which we define as average daily trading volume divided by circulating supply — register at 3.23%. Its trading turnover percentage is higher than about 62.24% of the coins we’re tracking, so it’s above average and thus will have enough liquidity for many investors/traders.
Engagement Update
Over the past week, Theta saw its holders go from 26,535 to 26,552, an increase of 0.06%. And in regards to cumulative transactions logged on the blockchain, they went from 190,400 to 190,469, which amounts to a change of 0.04%. The combined engagement growth rate (growth rate in holders plus growth rate in transfers) of Theta is thus at 0.10% which, relatively speaking, is ahead of 8.57% of the cryptocurrencies we’re tracking. One interpretation of this may be that the coin’s usage is not growing much at all.
Technology Development Status
At the moment, THETA has 8 repositories open to the public on GitHub, with the oldest one now being 1.54 years young. Its last public update to any of its repositories was more than a week ago which is potentially concerning; more than a week without an update may suggest development is too slow. THETA’s public repos now have 161 which is about average compared to other similar coins; that’s more than approximately 45 % of coins in its index. The coin has 12 issues reported across its public repositories. Relative to the number of watchers it has, though, its open issues count seems to be in good shape. To elaborate: the ratio of open issues to developers who are watching THETA’s GitHub repos is more favorable than 60% 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
