Since last week, Theta’s price went down by -3.11%. It is below its 20 day moving average by 0.08%, which is quite close. Theta’s bullish momentum, based on its distance from its 20 day moving average, is roughly middle-of-the-pack relative to the cryptos we’re tracking. In terms of volatility, Theta exhibits greater price volatility than approximately 26% of coins in our index, so it’s notably less volatile than the other cryptocurrencies we’re monitoring. Based on volatility over the past three weeks, we can expect Theta to experience a price range in US dollars between 0.1119106 and $0.1372994.
In the week prior, the daily volume for THETA has ranged between 954,466.6 and 6,908,832 currency units. In the three weeks prior, the trend in volume,like the trend in price, is choppy and does not reveal a clear direction. The past 7 days saw THETA’s trading turnover — meaning the percentage of its available supply that was traded — come in at 0.5%. This turnover rate is higher than approximately 31.87% 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.
Technology Development Status
THETA currently has 9 public repositories on GitHub, with the oldest one now 1.7 years young. Its last public update to any of its repositories was within the past week which is not bad, as the coin is still being updated routinely. THETA’s public repositories collectively have a total of 178 watchers, which is about average compared to other similar coins; that’s more than approximately 47 % of coins in its index. The coin has 14 total outstanding issues across all 9 of its public repositories on GitHub. Relative to the number of watchers it has, though, its open issues count is fairly mediocre. We consider the GitHub open issue/watcher ratio as a potential indicator of the healthiness of a coin’s software development process, and for THETA we see that its issue/watcher ratio looks healthier than 52% of similar coins in our index.
THETA News and Commentary
We found one link over the past week about THETA that we thought was especially worth sharing. Where available, we included a snippet of the article that we thought might be interesting.
Article by SixJupiter