Price Action
In the week prior, the price for Worldwide Asset eXchange went down by -1.9%. It is above its 20 day moving average by 0.86%, which is quite close. 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 72% 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 0.07586642 and $0.1144496.
Where to trade Wax (symbol: WAX): Gate, Ethfinex
Volume Update
In the week prior, the daily volume for WAX has ranged between 1,417,429 and 16,006,869 currency units. Looking back over past 21 days, the trend in volume is not clear, though price is marching upwards. The past 7 days saw WAX’s trading turnover — meaning the percentage of its available supply that was traded — come in at 0.73%. This turnover rate is higher than approximately 32% of the cryptocurrencies we monitor, which means it’s below average, and so there may be some risk that traders/investors have difficulty in getting in and out of positions.
Engagement Update
Over the past week, Worldwide Asset eXchange saw its holders go from 16,468 to 16,492, an increase of 0.15%. In terms of blockchain-recorded transactions made by these wallets since their inception, that number changed from 163,971 to 165,131, which translates to growth of 0.71% for the week. This translates to a combined engagement growth rate of 0.86% for Worldwide Asset eXchange — which is higher than 39.39% of the cryptocurrencies we’re reporting on. This could indicate that its change in engagement is below average, at least on a percentage basis.
Technology Development Status
At the moment, WAX has 3 repositories open to the public on GitHub, with the oldest one now being 1.56 years young. Its most recent public update 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 public repos now have 38 which is very bad on a relative basis; it bests only 18 % of the 100 similar coins in our index. The coin has 2 total outstanding issues across all 3 of its public repositories on GitHub. Its number of watchers, when viewed against 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 70% of similar coins in our index.
WAX News and Commentary
The top theme being discussed about WAX in the past week is listed below. Where available, we included a snippet of the article that we thought might be interesting.
Why should you choose to wax on your back and shoulder?
Key Extract:
You should know the importance of waxing.
Where to Buy
You can trade Wax, listed under the symbol WAX, through the following exchanges: Gate, Ethfinex.
Article by SixJupiter
