Price Action
Since last week, VestChain’s price went up by 13.99%. It is above its 20 day moving average by 9.47%, so it’s somewhat away. VestChain’s bullish momentum, if assessed by its distance from its 20 day moving average, is above average relative to our index of cryptocurrencies. Now when considering volatility, VestChain is more prone to sizable price moves than 47% of coins in our index, so it’s volatilty is about what you’d expect for a cryptocurrency in our index. 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 $0.01017476 and $0.01304524.
Where to trade Vestchain (symbol: VEST): Stex
Volume Update
In the week prior, the daily volume for VestChain has ranged between 9,184,767 and 23,305,036 currency units. In the three weeks prior, the trend in volume,like the trend in price, is choppy and does not reveal a clear direction. Over the past week, VestChain saw its trading turnover — which we define as average daily trading volume divided by circulating supply — register at 0.25%. Its turnover rate is more than approximately 14.29% 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 30,093 to 30,093, an increase of 0.00%. And in regards to cumulative transactions logged on the blockchain, they went from 43,793 to 43,793, which amounts to a change of 0.00%. The combined engagement growth rate (growth rate in holders plus growth rate in transfers) of VestChain is thus at 0.00% which, relatively speaking, is ahead of 8.82% of the cryptocurrencies we’re tracking. One interpretation of this may be that the coin’s usage is not growing much at all.
Technology Development Status
At the moment, VestChain has 2 repositories open to the public on GitHub, with the oldest one now being 363 days young. The last recorded update to its public 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 19 % of the 100 similar coins in our index. The coin has 0 issues reported across its public repositories. Its number of watchers, when viewed against 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 86% 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
