(Last Updated On: February 15, 2019)

Description

Sorry, we don’t have a description of the operating model behind this token at this time. We are working on it and will have a summary shortly.

Price Action

First, it should be noted Truedeck is a small coin that doesn’t move much. In fact, on most days it doesn’t move at all — so this coin won’t be of interest to active traders. The trend is slightly down on a 50 day basis, though that appears to be cooling a bit and may be coming to an end. Price does remain below the 20 day moving average. Truedeck has a market capitalization of approximately 758.36 thousand US dollars. That’s small relative to the Ethereum tokens SixJupiter tracks. In terms of volatility, it’s relatively highly volatile, so be cautious.

Engagement

Truedeck currently has approximately 2308 wallets, with the average weekly growth rate in number of wallets being 51.52% for each week over the past 4 weeks. As for transactions, the weekly growth rate there has been about 20.69%. Notably, both the transaction growth rate and the wallet growth rate for Truedeck are above average. For those who believe tokens that get engagement are worth investing in, this could be an opportunity worth digging into.

Dilution Risk

The current available supply for Truedeck is 32.35 million, while the total supply is 200 million. This means just 16.17% of Truedeck’s total supply, as currently defined, has been made public. Only about 22.57% of tokens with a similar market capitalization have a larger percentage of their total currency unavailable. Truedeck’s total supply has been declining over the past four weeks, but the decline in available supply has been even faster. This has increased the relative amount of Truedeck’s currency that can be diluted. The decline in both total and available supply may be worth exploring a bit more to understand if this is result of intentional monetary policy.

Twitter Insights

Truedeck has 28443 followers on Twitter. About 0% of its followers are verified, and about 0.93% are estimated to be investors. This token’s Twitter follower count is well above average, but the percent of its followers that are estimated to be investors and the percent that are verified are below what would be expected for tokens of a similar market capitalization. It may simply be that this token has so many follower that it is only inevitable that a high percentage of them would not be investors or verified. Nonetheless, such a follower count may suggest a token that is making headways in terms of getting adoption.

Where to Buy

None of the exchanges we monitor offer this token for trading at this time. We’ll up date this post accordingly when we add exchanges that do.