Price Action
Over the past week, True USD saw its price go up by 0.5%. It is above its 20 day moving average by 0.46%, which is quite close. True USD’s bullish momentum, if assessed by its distance from its 20 day moving average, is roughly middle-of-the-pack relative to the cryptos we’re tracking. Regarding volatility, True USD is more volatile than roughly 2% 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 $0.9903656 and $1.014494.
Where to trade True Usd (symbol: TUSD): Gate, Yobit, Binance, DDEX
Volume Update
Over the past week, TrueUSD saw its daily volume range between 10,291.86 and 1,074,567 units of its own currency. In the three weeks prior, the trend in volume is not clear, though price is marching upwards. TrueUSD experienced a turnover rate of about 0.15% over the past week, which means that is the percent of its available money supply that is traded daily. This turnover rate is higher than approximately 11.76% of the cryptocurrencies we monitor, which means 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 18,955 to 19,180 in the past week, marking a change of 1.19%. As for overall transactions, they increased from 253,006 to 271,070 — an increase of 7.14%. The combined engagement growth rate (growth rate in holders plus growth rate in transfers) of True USD is thus at 8.33% which, relatively speaking, is ahead of 78.79% of the cryptocurrencies we’re tracking. One interpretation of this may be that the coin’s engagement is growing at an above average rate.
Technology Development Status
At the moment, TrueUSD has 11 repositories open to the public on GitHub, with the oldest one now being 1.55 years young. Its most recent public update was within the past week which is not bad, as the coin is still being updated routinely. TrueUSD’s repos that are visible to the public collectively have 134 watchers — that’s more than approximately 50 % of coins in its index. The coin has 4 issues reported across its public repositories. In comparison 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 TrueUSD’s GitHub repos is more favorable than 71% of similar coins in our index.
Where to Buy
You can trade True Usd, listed under the symbol TUSD, through the following exchanges: Gate, Yobit, Binance, DDEX.
Article by SixJupiter
