Price Action
In the week prior, the price for Worldwide Asset eXchange went down by -24.89%. It is below its 20 day moving average by 16.03%, so it’s a bit of a ways off. Worldwide Asset eXchange’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. In terms of volatility, Worldwide Asset eXchange exhibits greater price volatility than approximately 67% of coins in our index, so traders can expect a bit more volatility than usual. Based on volatility over the past three weeks, we can expect Worldwide Asset eXchange to experience a price range in US dollars between 0.06453862 and $0.09557538.
Where to trade Wax (symbol: WAX): Gate, Ethfinex
Volume Update
In the span of the preceding 7 days, WAX’s daily volume, in terms of its own unit of currency, has fluctuated between 7,468,302 and 34,301,438. Over the past three weeks, volume has a clearn upwards trend, but the trend in price is not as clear. The past 7 days saw WAX’s trading turnover — meaning the percentage of its available supply that was traded — come in at 1.52%. Its trading turnover percentage is higher than about 41.24% of the coins we’re tracking, so it’s middle-of-the-pack; investors/traders may thus wish to consider their liquidity requirements to make sure the coin matches their needs and their expected trading volume.
Engagement Update
The number of wallets holding Worldwide Asset eXchange went from 16,135 to 16,172 in the past week, marking a change of 0.23%. As for overall transactions, they increased from 152,407 to 153,280 — an increase of 0.57%. Worldwide Asset eXchange’s combined growth rate — meaning the sum of its growth rate in holders and transactions — is 0.80% which puts it ahead of 55.88% of the coins in our index. This growth rate suggests the coin’s weekly growth in engagement is fairly mediocre.
Technology Development Status
WAX currently has 3 public repositories on GitHub, with the oldest one now 1.4 years young. The last recorded update to its public repositories was more than a week ago which is potentially concerning; more than a week without an update may suggest development is too slow. WAX’s repos that are visible to the public collectively have 38 watchers — it bests only 8 % of the 100 similar coins in our index. The coin has 2 outstanding issues in the backlog awaiting to be addressed by the core development team. In comparison to the number of watchers it has, though, its open issues count seems to be in good shape. To elaborate: the ratio of open issues to developers who are watching WAX’s GitHub repos is more favorable than 68% of similar coins in our index.
Where to Buy
You can trade Wax, listed under the symbol WAX, through the following exchanges: Gate, Ethfinex.
Article by SixJupiter
