Price Action
In the week prior, the price for Worldwide Asset eXchange went up by 12.33%. It is above its 20 day moving average by 1.26%, so it’s fairly close. Worldwide Asset eXchange’s bullish momentum, if assessed 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 11% of coins in our index, so this coin might not move much — something traders and investors will certainly want to keep in mind. Looking ahead, if the upcoming week mirrors the volatility of three past three weeks, the price range for Worldwide Asset eXchange in US dollars is expected to be between $0.06013141 and $0.07532359.
Where to trade Wax (symbol: WAX): Gate, Ethfinex
Volume Update
Over the past week, WAX saw its daily volume range between 1,653,442 and 11,589,414 units of its own currency. Looking back over past 21 days, the trend in volume,like the trend in price, is choppy and does not reveal a clear direction. The past 7 days saw WAX’s trading turnover — meaning the percentage of its available supply that was traded — come in at 0.67%. This turnover rate is higher than approximately 20.62% 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
Worldwide Asset eXchange saw the number of wallets holding its coin go from 16,217 to 16,254 over the past week — a change of 0.23%. And in regards to cumulative transactions logged on the blockchain, they went from 156,654 to 157,984, which amounts to a change of 0.85%. The combined engagement growth rate (growth rate in holders plus growth rate in transfers) of Worldwide Asset eXchange is thus at 1.08% which, relatively speaking, is ahead of 34.29% of the cryptocurrencies we’re tracking. This growth rate suggests 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 1.47 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 public repos now have 38 which is very bad on a relative basis; it bests only 11 % 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. 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 74% 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
