Price Action
Since last week, Worldwide Asset eXchange’s price went up by 10.73%. It is above its 20 day moving average by 9.31%, so it’s slightly away. Worldwide Asset eXchange’s bullish momentum, determined by its distance from its 20 day moving average, is roughly middle-of-the-pack relative to the cryptos we’re tracking. Regarding volatility, Worldwide Asset eXchange is more volatile than roughly 24% of coins in our index, so it’s notably less volatile than the other cryptocurrencies we’re monitoring. 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 $0.0600993 and $0.0792617.
Where to trade Wax (symbol: WAX): Gate, Ethfinex
Volume Update
Over the past week, WAX saw its daily volume range between 449,423.6 and 10,233,224 units of its own currency. In the three weeks prior, volume has trended downwards, but price has gone in the opposite direction — up. WAX experienced a turnover rate of about 0.53% over the past week, which means that is the percent of its available money supply that is traded daily. This turnover rate is higher than approximately 23.23% 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
The number of wallets holding Worldwide Asset eXchange went from 16,254 to 16,248 in the past week, marking a change of -0.04%. As for overall transactions, they increased from 157,984 to 159,102 — an increase of 0.71%. This translates to a combined engagement growth rate of 0.67% for Worldwide Asset eXchange — which is higher than 38.89% of the cryptocurrencies we’re reporting on. One interpretation of this may be that its change in engagement is below average, at least on a percentage basis.
Technology Development Status
WAX currently has 3 public repos on GitHub, with the oldest one clocking in at 1.48 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 10 % 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 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
