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Price Action

Since last week, Theta’s price went down by -4.9%. It is above its 20 day moving average by 2.09%, so it’s fairly close. Theta’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, Theta is more volatile than roughly 39% 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 Theta in US dollars is expected to be between $0.07998402 and $0.102809.

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

Volume Update

In the week prior, the daily volume for THETA has ranged between 1,968,842 and 15,753,453 currency units. In the three weeks prior, the trend in both volume and price have clearly been up. Over the past week, THETA saw its trading turnover — which we define as average daily trading volume divided by circulating supply — register at 0.87%. This turnover rate is higher than approximately 50.53% 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

At the moment, THETA has 10 repositories open to the public on GitHub, with the oldest one now being 1.93 years young. Its most recent public update 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 182 watchers — that’s more than only 40 % of the 100 similar coins in our index. The coin has 21 total outstanding issues across all 10 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 51% of similar coins in our index.

Article by SixJupiter


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