Price Action
In the week prior, the price for True USD went up by 0.21%. It is above its 20 day moving average by 0.22%, which is quite close. True USD’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. 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. If volatility over the past three weeks is any indication of what’s to come, we can expect True USD to bounce between 0.9951484 and $1.004432 US dollars per coin.
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 1,090.58 and 95,548.57. Looking back over past 21 days, volume has steadily declined, but the trend in price is not as clear one way or the other. TrueUSD experienced a turnover rate of about 0.02% over the past week, which means that is the percent of its available money supply that is traded daily. Its turnover rate is more than approximately 2% of the cryptocurrencies in our index, 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
Over the past week, True USD saw its holders go from 18,360 to 18,955, an increase of 3.24%. As for overall transactions, they increased from 237,292 to 253,006 — an increase of 6.62%. True USD’s combined growth rate — meaning the sum of its growth rate in holders and transactions — is 9.86% which puts it ahead of 87.88% of the coins in our index. This growth rate suggests the coin may be on track to getting and sustaining actual usage.
Technology Development Status
At the moment, TrueUSD has 11 repositories open to the public on GitHub, with the oldest one now being 1.53 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 133 which is below average relative to its peers; that’s more than only 29 % of the 100 similar coins in our index. The coin has 4 total outstanding issues across all 11 of its public repositories on GitHub. 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 78% of similar coins in our index.
TrueUSD News and Commentary
Over the past week, we found one link about TrueUSD that we thought was particularly interesting. If possible we included a brief excerpt from the article — be sure to click through for the entire piece.
Earn weekly interest on Pokket with TUSD as collateral
Where to Buy
You can trade True Usd, listed under the symbol TUSD, through the following exchanges: Gate, Yobit, Binance, DDEX.
Article by SixJupiter
