100X Leverage Trading With PrimeXBT
Since last week, Theta’s price went down by -3.05%. It is below its 20 day moving average by 7.57%, so it’s somewhat away. 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 40% of coins in our index, so it’s volatilty is about what you’d expect for a cryptocurrency in our index. If volatility over the past three weeks is any indication of what’s to come, we can expect Theta to bounce between 0.1015941 and $0.1325259 US dollars per coin.
In the week prior, the daily volume for THETA has ranged between 1,055,806 and 6,332,370 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 THETA’s trading turnover — meaning the percentage of its available supply that was traded — come in at 0.4%. This turnover rate is higher than approximately 35.71% 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 1.77 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 180 watchers — that’s more than only 32 % of the 100 similar coins in our index. The coin has 17 issues reported across its public repositories. Its number of watchers, when viewed against 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 59% of similar coins in our index.
THETA News and Commentary
Over the past week, we found one link about THETA that we thought was particularly interesting. Where available, we included a snippet of the article that we thought might be interesting.
Guardian nodes allow users to contribute to consensus of the network by finalizing blocks that Validator nodes have proposed….By staking 2M of their own Theta Tokens, Blockchain is directly contributing to the Theta blockchain’s network security.
Article by SixJupiter