Price Action
In the week prior, the price for Theta went down by 0%. It is below its 20 day moving average by 13.42%, so it’s a bit of a ways off. Theta’s bullish momentum, determined 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. Now when considering volatility, Theta is more prone to sizable price moves than 90% of coins in our index, so bear that in mind if you decide to trade it. Based on volatility over the past three weeks, we can expect Theta to experience a price range in US dollars between 0.07734099 and $0.130904.
Where to trade Theta Token (symbol: THETA): Gate, Yobit, Binance
Volume Update
Over the past week, THETA saw its daily volume range between 8,331,657 and 17,883,246 units of its own currency. Looking back over past 21 days, the trend in volume does not have a clear direction, while the price trend is clearly down. Over the past week, THETA saw its trading turnover — which we define as average daily trading volume divided by circulating supply — register at 1.49%. Its trading turnover percentage is higher than about 55.21% 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
The number of wallets holding Theta went from 26,428 to 26,448 in the past week, marking a change of 0.08%. In terms of blockchain-recorded transactions made by these wallets since their inception, that number changed from 189,957 to 190,061, which translates to growth of 0.05% for the week. The combined engagement growth rate (growth rate in holders plus growth rate in transfers) of Theta is thus at 0.13% which, relatively speaking, is ahead of 9.38% 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
THETA currently has 8 public repositories on GitHub, with the oldest one now 1.43 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 repos now have 149 which is below average relative to its peers; that’s more than only 23 % 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 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 62% 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
