Price Action
In the week prior, the price for True USD went up by 4.03%. It is above its 20 day moving average by 2.94%, so it’s fairly close. True USD’s bullish momentum, if assessed by its distance from its 20 day moving average, is above average relative to our index of cryptocurrencies. Now when considering volatility, True USD is more prone to sizable price moves than 4% of coins in our index, so this coin might not move much — something traders and investors will certainly want to keep in mind. Looking ahead, if the upcoming week mirrors the volatility of three past three weeks, the price range for True USD in US dollars is expected to be between $0.9821908 and $1.019019.
Where to trade True Usd (symbol: TUSD): Gate, Yobit, Binance, DDEX
Volume Update
In the span of the preceding 7 days, TrueUSD’s daily volume, in terms of its own unit of currency, has fluctuated between 1,229.14 and 119,835.1. Over the past three weeks, volume has steadily declined, but the trend in price is not as clear one way or the other. The past 7 days saw TrueUSD’s trading turnover — meaning the percentage of its available supply that was traded — come in at 0.02%. Its trading turnover percentage is higher than about 4.12% of the coins we’re tracking, so it’s well below average; this coin may be hard to get into and out of, and thus is suitable only for those interested in holding and exiting slowly and patiently.
Engagement Update
The number of wallets holding True USD went from 3,993 to 3,993 in the past week, marking a change of 0.00%. And in regards to cumulative transactions logged on the blockchain, they went from 25,238 to 25,238, which amounts to a change of 0.00%. This translates to a combined engagement growth rate of 0.00% for True USD — which is higher than 2.94% of the cryptocurrencies we’re reporting on. This could indicate that the coin’s usage is not growing much at all.
Technology Development Status
At the moment, TrueUSD has 9 repositories open to the public on GitHub, with the oldest one now being 1.37 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. TrueUSD’s public repos now have 127 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 4 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 doesn’t seem like something to worry about. To put the situation in context, TrueUSD has a better issue/watcher ratio on its GitHub than 82% of similar coins we’re tracking.
Where to Buy
You can trade True Usd, listed under the symbol TUSD, through the following exchanges: Gate, Yobit, Binance, DDEX.
Article by SixJupiter
