Price Action
Over the past week, VestChain saw its price go down by -0.82%. It is above its 20 day moving average by 1.95%, which is quite close. VestChain’s bullish momentum, determined by its distance from its 20 day moving average, is above average relative to our index of cryptocurrencies. In terms of volatility, VestChain exhibits greater price volatility than approximately 21% of coins in our index, so it’s notably less volatile than the other cryptocurrencies we’re monitoring. 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 $0.007987765 and $0.01004203.
Where to trade Vestchain (symbol: VEST): Stex
Volume Update
Over the past week, VestChain saw its daily volume range between 12,991,189 and 28,977,419 units of its own currency. Over the past three weeks, the trend in both volume and price have clearly been up. VestChain experienced a turnover rate of about 0.32% over the past week, which means that is the percent of its available money supply that is traded daily. This turnover rate is higher than approximately 17.53% of the cryptocurrencies we monitor, which means 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
The number of wallets holding VestChain went from 30,091 to 30,091 in the past week, marking a change of 0.00%. As for overall transactions, they increased from 43,767 to 43,770 — an increase of 0.01%. The combined engagement growth rate (growth rate in holders plus growth rate in transfers) of VestChain is thus at 0.01% 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
VestChain currently has 2 public repositories on GitHub, with the oldest one now 311 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 3 % of the 100 similar coins in our index. The coin has 0 outstanding issues in the backlog awaiting to be addressed by the core development team. Relative 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 94% 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
