Price Action
In the week prior, the price for True USD went down by 0%. It is below its 20 day moving average by 0.84%, 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. Now when considering volatility, True USD is more prone to sizable price moves than 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 0.9837158 and $1.013354 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 22,357.81 and 670,646.4 units of its own currency. Looking back over past 21 days, 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 0.06%. This turnover rate is higher than approximately 9.09% 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
Over the past week, True USD saw its holders go from 14,449 to 16,395, an increase of 13.47%. And in regards to cumulative transactions logged on the blockchain, they went from 173,534 to 190,387, which amounts to a change of 9.71%. The combined engagement growth rate (growth rate in holders plus growth rate in transfers) of True USD is thus at 23.18% which, relatively speaking, is ahead of 100.00% of the cryptocurrencies we’re tracking. This growth rate suggests 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 1.45 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 129 watchers, which is below average relative to its peers; that’s more than only 22 % of the 100 similar coins in our index. The coin has 4 total outstanding issues across all 10 of its public repositories on GitHub. 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 82% 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
