Augur Price Goes Down 0.6% For A Second Consecutive Day

The Augur price goes down by 0.6 percent two days in a row and it is still unclear why this trend happened. The price of the altcoin is currently 5.73 percent below the 20 moving average and by staying above the level it could be critical for the short-term momentum. To help understand the movement from yesterday, we can see that the price rallied the past 14 days and in terms of volume, the price move of yesterday happened on a volume that is 97 percent less than the 7-day average volume. Let’s find out more in the following Augur price news.

In regards to the trading range, the Bollinger bands on Augur suggest the price could bounce between $11.05 and $13.49 based on the momentum and volatility over the past 14 days. Within the boundaries, range-bound traders could find it compelling to entertain the purchase as we are close to the bottom of the range. Yesterday the NA transfer was seen among the holders of Augur and as for the number of holders, there were a number of wallets that hold the Augur coin by NA. to understand the loyalty or repeat the usage among the holders of Augur, we can see that there were NA wallets that made transactions yesterday while NA wallets sent or received tokens over the past month. This shows a daily active wallet and a monthly active wallet ratio of about NA.

Regarding to the Augur price and wealth distribution, the top 1000 Augur wallets hold more than 62.58 percent of the total money supply of the token. The percentage of the currency that is currently owned by the wallets that belong to the exchanges in the top 100 richest wallets of the token, comes down to 2.76 percent of the top currency money supply. The week over week growth rate regarding the share of the total supply of the top 1000 wallets, changed to 0.05 percent as for the share of the total supply owned by the exchange wallets in the top 1000 wallets which changed to -0.13 percent.

Augur gets a new DAO which was created to enable immediate changes in the current process of centralized development, according to its founders. This could help scale engineering by hiring external consultants to improve Augur. Or, it could fund the development of open-source tools that connect to the prediction platform.