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Price Action

In the week prior, the price for Theta went down by -5.59%. It is above its 20 day moving average by 2.71%, so it’s fairly 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. Regarding volatility, Theta is more volatile than roughly 38% 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 0.08286468 and $0.1002363.

Where to trade Theta (symbol: THETA): Gate, Yobit, Stex, Binance, DDEX, ETHfinex

Volume Update

Over the past week, THETA saw its daily volume range between 604,610 and 16,811,908 units of its own currency. Looking back over past 21 days, the trend in volume is not clear, though price is marching upwards. THETA experienced a turnover rate of about 0.87% 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 54.65% of the cryptocurrencies we monitor, which means it’s middle-of-the-pack; investors/traders may thus wish to consider their liquidity requirements to make sure the coin matches their needs and their expected trading volume.

Technology Development Status

THETA currently has 11 public repos on GitHub, with the oldest one clocking in at 2.12 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 repos that are visible to the public collectively have 186 watchers — that’s more than only 39 % of the 100 similar coins in our index. The coin has 26 outstanding issues in the backlog awaiting to be addressed by the core development team. In comparison to the number of watchers it has, though, its open issues count is a bit below average, and thus potentially concerning. We view the ratio of open issues on THETA’s GitHub repos relative to the number of developers who follow its repos as a way to quantitatively assess the health of a coin’s software development processes, and for THETA we see that it fares better than only 39% of the coins we group THETA in.

Article by SixJupiter


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