Price Action
Over the past week, True USD saw its price go down by -0.2%. It is below its 20 day moving average by 0.31%, which is quite close. True USD’s bullish momentum, determined 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. In terms of volatility, True USD exhibits greater price volatility than approximately 2% 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 USD to experience a price range in US dollars between 0.9931633 and $1.003027.
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 1,116.52 and 407,145.7. Looking back over past 21 days, the trend in volume does not have a clear direction, while the price trend is clearly down. The past 7 days saw TrueUSD’s trading turnover — meaning the percentage of its available supply that was traded — come in at 0.05%. This turnover rate is higher than approximately 4.08% 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 18,794 to 18,495 in the past week, marking a change of -1.59%. In terms of blockchain-recorded transactions made by these wallets since their inception, that number changed from 222,534 to 239,065, which translates to growth of 7.43% for the week. The combined engagement growth rate (growth rate in holders plus growth rate in transfers) of True USD is thus at 5.84% which, relatively speaking, is ahead of 82.35% 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 10 public repos on GitHub, with the oldest one clocking in at 1.51 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 132 watchers — that’s more than approximately 43 % of coins in its index. The coin has 4 issues reported across its public repositories. 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 TrueUSD’s GitHub repos is more favorable than 74% 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
