Price Action
In the week prior, the price for Theta went up by 0.15%. It is below its 20 day moving average by 1.71%, so it’s fairly close. Theta’s bullish momentum, based on its distance from its 20 day moving average, is pretty far negative compared to the other coins we’re covering, and thus may be due for a correction upwards or some kind of a period of low volatility. In terms of volatility, Theta exhibits greater price volatility than approximately 14% of coins in our index, so this coin might not move much — something traders and investors will certainly want to keep in mind. Based on volatility over the past three weeks, we can expect Theta to experience a price range in US dollars between 0.1226672 and $0.1406428.
Where to trade Theta Token (symbol: THETA): Gate, Yobit, Binance
Volume Update
In the span of the preceding 7 days, THETA’s daily volume, in terms of its own unit of currency, has fluctuated between 2,125,610 and 20,318,625. In the three weeks prior, volume has steadily declined, but the trend in price is not as clear one way or the other. THETA experienced a turnover rate of about 1.16% over the past week, which means that is the percent of its available money supply that is traded daily. This turnover rate is higher than approximately 46% 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
Theta saw the number of wallets holding its coin go from 26,535 to 26,552 over the past week — a change of 0.06%. In terms of blockchain-recorded transactions made by these wallets since their inception, that number changed from 190,400 to 190,469, which translates to growth of 0.04% for the week. 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 11.76% of the cryptocurrencies we’re tracking. This growth rate suggests the coin’s usage is not growing much at all.
Technology Development Status
THETA currently has 8 public repositories on GitHub, with the oldest one now 1.56 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 public repositories collectively have a total of 161 watchers, which is below average relative to its peers; that’s more than only 33 % of the 100 similar coins in our index. The coin has 12 outstanding issues in the backlog awaiting to be addressed by the core development team. 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.
THETA News and Commentary
The top theme being discussed about THETA in the past week is listed below. If possible we included a brief excerpt from the article — be sure to click through for the entire piece.
Theta: AMA with CEO Mitch Liu and Head of Strategy Wes Levitt, Head of Platform Tim Li at BDMI…
Where to Buy
You can trade Theta Token, listed under the symbol THETA, through the following exchanges: Gate, Yobit, Binance.
Article by SixJupiter
