Price Action
Since last week, Theta’s price went up by 13.23%. It is above its 20 day moving average by 19.07%, so it’s a bit of a ways off. Theta’s bullish momentum, based on 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 84% of coins in our index, so bear that in mind if you decide to trade it. If volatility over the past three weeks is any indication of what’s to come, we can expect Theta to bounce between 0.07524642 and $0.1404326 US dollars per coin.
Where to trade Theta Token (symbol: THETA): Gate, Yobit, Binance
Volume Update
In the week prior, the daily volume for THETA has ranged between 6,385,186 and 149,017,784 currency units. In the three weeks prior, the trend in volume is not clear, though price is marching upwards. The past 7 days saw THETA’s trading turnover — meaning the percentage of its available supply that was traded — come in at 5.15%. Its trading turnover percentage is higher than about 72.73% of the coins we’re tracking, so it’s above average and thus will have enough liquidity for many investors/traders.
Engagement Update
The number of wallets holding Theta went from 26,490 to 26,517 in the past week, marking a change of 0.10%. And in regards to cumulative transactions logged on the blockchain, they went from 190,205 to 190,317, which amounts to a change of 0.06%. The combined engagement growth rate (growth rate in holders plus growth rate in transfers) of Theta is thus at 0.16% which, relatively speaking, is ahead of 11.11% 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 16 repositories open to the public on GitHub, with the oldest one now being 1.48 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 repos that are visible to the public collectively have 316 watchers — that’s more than only 39 % of the 100 similar coins in our index. The coin has 26 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 Fuel we see that its issue/watcher ratio looks healthier than 57% 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. Where available, we included a snippet of the article that we thought might be interesting.
Theta: Pre-Guardian Node program continues to grow with more than 800 verified nodes
Where to Buy
You can trade Theta Token, listed under the symbol THETA, through the following exchanges: Gate, Yobit, Binance.
Article by SixJupiter
