Price Action
Over the past week, True USD saw its price go up by 0.5%. It is below its 20 day moving average by 0.13%, which is quite close. True USD’s bullish momentum, based on its distance from its 20 day moving average, is above average relative to our index of cryptocurrencies. Regarding volatility, True USD is more volatile than roughly 1% 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 $0.9911246 and $1.013575.
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 6,754.5 and 311,108.9. In the three weeks prior, the trend in volume does not have a clear direction, while the price trend is clearly down. Over the past week, TrueUSD saw its trading turnover — which we define as average daily trading volume divided by circulating supply — register at 0.05%. This turnover rate is higher than approximately 6.86% 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
True USD saw the number of wallets holding its coin go from 19,434 to 19,720 over the past week — a change of 1.47%. In terms of blockchain-recorded transactions made by these wallets since their inception, that number changed from 280,652 to 300,505, which translates to growth of 7.07% for the week. The combined engagement growth rate (growth rate in holders plus growth rate in transfers) of True USD is thus at 8.54% which, relatively speaking, is ahead of 91.69% of the cryptocurrencies we’re tracking. One interpretation of this may be that the coin may be on track to getting and sustaining actual usage.
Technology Development Status
TrueUSD currently has 11 public repositories on GitHub, with the oldest one now 1.59 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. TrueUSD’s public repositories collectively have a total of 137 watchers, which is below average relative to its peers; that’s more than only 34 % of the 100 similar coins in our index. The coin has 6 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 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 72% of similar coins in our index.
TrueUSD News and Commentary
We found one link over the past week about TrueUSD that we thought was especially worth sharing. If available, we added an excerpt from the article to help give a taste of what it is about.
Actually, Bitcoin’s Volatility is What Makes it Su
Key Extract:
If we are to see a stabilization of Bitcoin’s price in the future, we need to help investors see the currency as a store of value, as opposed to a get-rich-quick scheme….When Bitcoin was rapidly gaining value, many financial planners advised their clients to invest in Bitcoin and other altcoins.
Where to Buy
You can trade True Usd, listed under the symbol TUSD, through the following exchanges: Gate, Yobit, Binance, DDEX.
Article by SixJupiter
