Price Action
In the week prior, the price for Theta went up by 24.65%. It is above its 20 day moving average by 14.63%, so it’s a bit of a ways off. Theta’s bullish momentum, determined by its distance from its 20 day moving average, is above average relative to our index of cryptocurrencies. In terms of volatility, Theta exhibits greater price volatility than approximately 77% of coins in our index, so traders can expect a bit more volatility than usual. 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 $0.07160596 and $0.123975.
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 4,147,881 and 45,612,664. Over the past three weeks, the trend in both volume and price have clearly been up. Over the past week, THETA saw its trading turnover — which we define as average daily trading volume divided by circulating supply — register at 3.35%. Its turnover rate is more than approximately 56.7% of the cryptocurrencies in our index, 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 26,464 to 26,490 over the past week — a change of 0.10%. And in regards to cumulative transactions logged on the blockchain, they went from 190,104 to 190,205, which amounts to a change of 0.05%. Theta’s combined growth rate — meaning the sum of its growth rate in holders and transactions — is 0.15% which puts it ahead of 5.71% of the coins in our index. This could indicate 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 1.47 years young. Its last public update to any of its 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 156 watchers, which is below average relative to its peers; that’s more than only 27 % of the 100 similar coins in our index. The coin has 13 total outstanding issues across all 8 of its public repositories on GitHub. 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 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
