Price Action
In the week prior, the price for Waltonchain went down by -5.91%. It is below its 20 day moving average by 1.72%, so it’s fairly close. Waltonchain’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. In terms of volatility, Waltonchain exhibits greater price volatility than approximately 6% 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 Waltonchain to bounce between 2.110733 and $2.427267 US dollars per coin.
Where to trade Waltonchain (symbol: WTC): Gate, Yobit, Binance, DDEX, Ethfinex
Volume Update
Over the past week, Waltonchain saw its daily volume range between 957,269.7 and 19,436,258 units of its own currency. In the three weeks prior, the trend in volume,like the trend in price, is choppy and does not reveal a clear direction. Over the past week, Waltonchain saw its trading turnover — which we define as average daily trading volume divided by circulating supply — register at 15.54%. Its turnover rate is more than approximately 86.32% of the cryptocurrencies in our index, so it’s far above average and thus a good coin for those interested in active trading or being able to get out of the market if they need to.
Engagement Update
Waltonchain saw the number of wallets holding its coin go from 27,858 to 27,835 over the past week — a change of -0.08%. In terms of blockchain-recorded transactions made by these wallets since their inception, that number changed from 183,743 to 185,627, which translates to growth of 1.03% for the week. The combined engagement growth rate (growth rate in holders plus growth rate in transfers) of Waltonchain is thus at 0.95% which, relatively speaking, is ahead of 38.89% of the cryptocurrencies we’re tracking. One interpretation of this may be that its change in engagement is below average, at least on a percentage basis.
Technology Development Status
At the moment, Waltonchain has 10 repositories open to the public on GitHub, with the oldest one now being 1.13 years young. Its most recent public update was within the past week which is not bad, as the coin is still being updated routinely. Waltonchain’s repos that are visible to the public collectively have 33 watchers — that’s more than only 23 % of the 100 similar coins in our index. The coin has 4 total outstanding issues across all 10 of its public repositories on GitHub. Relative to the number of watchers it has, though, its open issues count is fairly mediocre. We consider the GitHub open issue/watcher ratio as a potential indicator of the healthiness of a coin’s software development process, and for Waltonchain we see that its issue/watcher ratio looks healthier than 46% of similar coins in our index.
Waltonchain News and Commentary
The top 3 themes being discussed about Waltonchain in the past week are listed below. If possible we included a brief excerpt from the article — be sure to click through for the entire piece.
Fully Operational Waltonchain Mainnet & WTC Wa
Announcement on Waltonchain Mainnet Open Source – Waltonchain_EN
WTC Trading Gala on Huobi Global – Waltonchain_EN
Where to Buy
You can trade Waltonchain, listed under the symbol WTC, through the following exchanges: Gate, Yobit, Binance, DDEX, Ethfinex.
Article by SixJupiter
