Price Action
Over the past week, VestChain saw its price go up by 10.12%. It is above its 20 day moving average by 12.27%, so it’s somewhat away. VestChain’s bullish momentum, if assessed by its distance from its 20 day moving average, is roughly middle-of-the-pack relative to the cryptos we’re tracking. Now when considering volatility, VestChain is more prone to sizable price moves than 11% of coins in our index, so this coin might not move much — something traders and investors will certainly want to keep in mind. Looking ahead, if the upcoming week mirrors the volatility of three past three weeks, the price range for VestChain in US dollars is expected to be between $0.009985087 and $0.01230091.
Where to trade Vestchain (symbol: VEST): Stex
Volume Update
In the week prior, the daily volume for VestChain has ranged between 0 and 27,217,414 currency units. In the three weeks prior, the trend in volume is not clear, though price is marching upwards. VestChain experienced a turnover rate of about 0.22% over the past week, which means that is the percent of its available money supply that is traded daily. Its turnover rate is more than approximately 17.17% of the cryptocurrencies in our index, so it’s well below average; this coin may be hard to get into and out of, and thus is suitable only for those interested in holding and exiting slowly and patiently.
Engagement Update
Over the past week, VestChain saw its holders go from 30,094 to 30,094, an increase of 0.00%. And in regards to cumulative transactions logged on the blockchain, they went from 43,788 to 43,788, which amounts to a change of 0.00%. VestChain’s combined growth rate — meaning the sum of its growth rate in holders and transactions — is 0.00% which puts it ahead of 5.56% of the coins in our index. This growth rate suggests the coin’s usage is not growing much at all.
Technology Development Status
VestChain currently has 2 public repositories on GitHub, with the oldest one now 342 days young. Its last public update to any of its repositories was more than a week ago which is potentially concerning; more than a week without an update may suggest development is too slow. VestChain’s repos that are visible to the public collectively have 3 watchers — it bests only 3 % of the 100 similar coins in our index. The coin has 0 issues reported across its public repositories. In comparison to the number of watchers it has, though, its open issues count doesn’t seem like something to worry about. To put the situation in context, VestChain has a better issue/watcher ratio on its GitHub than 97% of similar coins we’re tracking.
Where to Buy
You can trade Vestchain, listed under the symbol VEST, through the following exchanges: Stex.
Article by SixJupiter
