Price Action
In the week prior, the price for True USD went down by -0.98%. It is above its 20 day moving average by 0.05%, which is quite close. True USD’s bullish momentum, if assessed by its distance from its 20 day moving average, is above average relative to our index of cryptocurrencies. Now when considering volatility, True USD is more prone to sizable price moves than 3% 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 0.9857249 and $1.033295 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 2,207.25 and 69,179.29 units of its own currency. Looking back over past 21 days, volume has trended downwards, but price has gone in the opposite direction — up. The past 7 days saw TrueUSD’s trading turnover — meaning the percentage of its available supply that was traded — come in at 0.01%. This turnover rate is higher than approximately 2.08% 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 3,993 to 12,359 in the past week, marking a change of 209.52%. As for overall transactions, they increased from 25,238 to 140,990 — an increase of 458.64%. This translates to a combined engagement growth rate of 668.16% for True USD — which is higher than 96.88% of the cryptocurrencies we’re reporting on. This could indicate that the coin may be on track to getting and sustaining actual usage.
Technology Development Status
TrueUSD currently has 9 public repos on GitHub, with the oldest one clocking in at 1.4 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 127 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 outstanding issues in the backlog awaiting to be addressed by the core development team. Relative to the number of watchers it has, though, 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 83% 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
