Price Action
Since last week, True USD’s price went down by -0.99%. It is below its 20 day moving average by 1.58%, so it’s fairly close. True USD’s bullish momentum, based on 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 0.9872393 and $1.024781 US dollars per coin.
Where to trade True Usd (symbol: TUSD): Gate, Yobit, Binance, DDEX
Volume Update
Over the past week, TrueUSD saw its daily volume range between 43,917.87 and 536,720 units of its own currency. In the three weeks prior, volume has steadily risen, but price has been declining. The past 7 days saw TrueUSD’s trading turnover — meaning the percentage of its available supply that was traded — come in at 0.14%. Its trading turnover percentage is higher than about 8.25% 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 12,304 to 14,449 in the past week, marking a change of 17.43%. And in regards to cumulative transactions logged on the blockchain, they went from 152,438 to 173,534, which amounts to a change of 13.84%. The combined engagement growth rate (growth rate in holders plus growth rate in transfers) of True USD is thus at 31.27% which, relatively speaking, is ahead of 94.29% 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 repositories on GitHub, with the oldest one now 1.44 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 public repos now have 127 which is below average relative to its peers; that’s more than only 24 % of the 100 similar coins in our index. The coin has 3 issues reported across its public repositories. Its number of watchers, when viewed against 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 88% 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
