In the week prior, the price for LEO Token went down by -1.12%. It is below its 20 day moving average by 4.48%, so it’s somewhat away. LEO Token’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. Now when considering volatility, LEO Token is more prone to sizable price moves than 14% of coins in our index, so this coin might not move much — something traders and investors will certainly want to keep in mind. If volatility over the past three weeks is any indication of what’s to come, we can expect LEO Token to bounce between 0.7972802 and $0.9179398 US dollars per coin.
Over the past week, UNUS SED LEO saw its daily volume range between 22,637.28 and 1,713,025 units of its own currency. Looking back over past 21 days, the trend in volume does not have a clear direction, while the price trend is clearly down. UNUS SED LEO experienced a turnover rate of about 0.06% 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 9.2% of the cryptocurrencies we monitor, which means it’s well below average; this coin may be hard to get into and out of, and thus is suitable only for those interested in holding and exiting slowly and patiently.
LEO Token saw the number of wallets holding its coin go from 1,866 to 1,858 over the past week — a change of -0.43%. As for overall transactions, they increased from 21,264 to 21,379 — an increase of 0.54%. LEO Token’s combined growth rate — meaning the sum of its growth rate in holders and transactions — is 0.11% which puts it ahead of 50.59% of the coins in our index. One interpretation of this may be that the coin’s weekly growth in engagement is fairly mediocre.
Article by SixJupiter