December 2, 2019: VestChain (VEST): Down 1.24%; Anomalies In Holders Added

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VestChain Price Update

VestChain is down by approximately 1.24% from the previous day, with its price currently hovering around $0.00414 USD. VestChain is currently in a unclear , and it should be noted that this is now the the 2nd day in a row that price has been down. Moreover, VestChain is now 14.2% below its 20 day moving average. In terms of an expected trading range, the Bollinger bands on VestChain suggest price may bounce between $0.004421 and $0.005229 based on its momentum and volatility over the past 14 days. Given its boundaries, rangebound traders may find it compelling to entertain buying, as we are nearer to the bottom of the range.

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The market capitalization of VestChain, or the amount of US dollars it would take to buy up all the circulating coins, is currently estimated to be $45 million.

What Anamolies Occurred Since Yesterday?

Since yesterday, VestChain saw anomalous behavior in holders added. It may be worth looking into the causes of this a bit more.

Update on Transactions and Holders

Over the past 24 hours, 39 transfers have been added to the blockchain recording transactions amongst holders of VestChain. In terms of estimating the number of holders, over the past day the total number of wallets holding VestChain has gone up by approximately 2. Our engagement rank, which combines weekly percentage growth in number of holders and number of transfers, has VestChain ranked 26 out of the 34 Ethereum tokens we’re tracking.

Observing VestChain’s Richest Wallets

Of the coin’s total money supply, the richest 1,0000 wallets currently own 95%.

Technical Development Status

The last activity date on VestChain’s GitHub repository was November 27, 2019, or about 5 days ago. To understand how code development is progressing, we can observe growth rates over the past 30 days in the number of open issues and the number of watchers: open issuers have been growing at about 0 per day, while the number of followers watching VestChain’s repositories is growing by 0.03.

What’s Going on Social Media?

Social media growth, in terms of Twitter followers, came in at up 1 over the past day for VestChain. Traders interested in following VestChain has the biggest presence on Reddit, where it has 4,314 users engaged.

Where to Buy

You can trade Vestchain, listed under the symbol VEST, through the following exchanges: Stex.

Article by SixJupiter

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