Price Action
Since last week, True Chain’s price went up by 3.28%. It is below its 20 day moving average by 1.91%, so it’s fairly close. True Chain’s bullish momentum, if assessed by 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. Now when considering volatility, True Chain is more prone to sizable price moves than 7% 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 True Chain to experience a price range in US dollars between 0.987324 and $1.133256.
Volume Update
Over the past week, TrueChain saw its daily volume range between 2,047,239 and 8,559,659 units of its own currency. Looking back over past 21 days, both price and volume have been declining. The past 7 days saw TrueChain’s trading turnover — meaning the percentage of its available supply that was traded — come in at 8.52%. This turnover rate is higher than approximately 77.55% of the cryptocurrencies we monitor, which means it’s above average and thus will have enough liquidity for many investors/traders.
Engagement Update
The number of wallets holding True Chain went from 10,053 to 10,043 in the past week, marking a change of -0.10%. As for overall transactions, they increased from 63,679 to 63,714 — an increase of 0.05%. This translates to a combined engagement growth rate of -0.05% for True Chain — which is higher than 5.88% of the cryptocurrencies we’re reporting on. One interpretation of this may be that the coin’s usage is not growing much at all.
Technology Development Status
TrueChain currently has 30 public repositories on GitHub, with the oldest one now 1.26 years young. The last recorded update to its public repositories was within the past day, which is pretty good, as it suggests the coin is still under active and rapid technical development. TrueChain’s public repositories collectively have a total of 664 watchers, which is pretty good, relatively speaking; specifically, that’s more than 66 % of the top 100 coins we’re looking at. The coin has 44 outstanding issues in the backlog awaiting to be addressed by the core development team. Its number of watchers, when viewed against its open issues count, seems to be in good shape. To elaborate: the ratio of open issues to developers who are watching TrueChain’s GitHub repos is more favorable than 63% of similar coins in our index.
TrueChain News and Commentary
Over the past week, we found 2 links about TrueChain that we found especially interesting. If available, we added an excerpt from the article to help give a taste of what it is about.
TrueChain X 8Decimal Capital ：Official release of Pandaq — A cross-border blockchain fi
Jarvis+’s biweekly report! 2019.05.27–06.09 – Jarvis+
Article by SixJupiter
