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Price Action

In the week prior, the price for Augur went down by -16.72%. It is below its 20 day moving average by 13.19%, so it’s a bit of a ways off. Augur’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. Now when considering volatility, Augur is more prone to sizable price moves than 61% of coins in our index, so traders can expect a bit more volatility than usual. Looking ahead, if the upcoming week mirrors the volatility of three past three weeks, the price range for Augur in US dollars is expected to be between $7.699826 and $10.83087.

Where to trade Augur (symbol: REP): Gate, Yobit, Stex, Binance, DDEX, ETHfinex

Volume Update

In the week prior, the daily volume for Augur has ranged between 70,632.21 and 647,208.8 currency units. In the three weeks prior, the trend in volume does not have a clear direction, while the price trend is clearly down. The past 7 days saw Augur’s trading turnover — meaning the percentage of its available supply that was traded — come in at 2.18%. Its trading turnover percentage is higher than about 76.47% of the coins we’re tracking, so it’s above average and thus will have enough liquidity for many investors/traders.

Engagement Update

Over the past week, Augur saw its holders go from 12,590 to 12,573, an increase of -0.14%. In terms of blockchain-recorded transactions made by these wallets since their inception, that number changed from 173,706 to 176,612, which translates to growth of 1.67% for the week. Augur’s combined growth rate — meaning the sum of its growth rate in holders and transactions — is 1.53% which puts it ahead of 84.72% of the coins in our index. One interpretation of this may be that the coin may be on track to getting and sustaining actual usage.

Technology Development Status

Augur currently has 30 public repos on GitHub, with the oldest one clocking in at 4.74 years young. The last recorded update to its public repositories was within the past day, which is pretty good, as it suggests the coin is still under active and rapid technical development. Augur’s repos that are visible to the public collectively have 1615 watchers — specifically, that’s more than 79 % of the top 100 coins we’re looking at. The coin has 509 total outstanding issues across all 30 of its public repositories on GitHub. Its number of watchers, when viewed against its open issues count, is quite poor, and may potentially indicate some concern that the software is at risk of not being updated fast enough. Our hypothesis that the open issue/watcher ratio may be of some value in assessing the healthiness of a coin’s software development process, and for Augur, this ratio was better than a mere 17 % of the similar coins we track in our index.

Augur News and Commentary

The top theme being discussed about Augur in the past week is listed below. Where available, we included a snippet of the article that we thought might be interesting.

Augur Weekly Report — August 28th – Augur

Snippet:

The Forecast Foundation has no role in the operation of markets, trades or actions created or performed on the Augur protocol, nor does it have the ability to censor, restrict, control, modify, change, revoke, terminate or make any changes to markets created on the Augur protocol….The Forecast Foundation has no more control over the Augur protocol than anyone else using Ethereum.

Article by SixJupiter

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