Price Action
Since last week, VestChain’s price went up by 3.31%. It is above its 20 day moving average by 10.04%, so it’s somewhat away. VestChain’s bullish momentum, based on 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 84% of coins in our index, so bear that in mind if you decide to trade it. Based on volatility over the past three weeks, we can expect VestChain to experience a price range in US dollars between 0.01017653 and $0.01821247.
Where to trade Vestchain (symbol: VEST): Stex
Volume Update
In the week prior, the daily volume for VestChain has ranged between 4,057,620 and 12,988,395 currency units. In the three weeks prior, volume has trended downwards, but price has gone in the opposite direction — up. The past 7 days saw VestChain’s trading turnover — meaning the percentage of its available supply that was traded — come in at 0.12%. This turnover rate is higher than approximately 10.78% 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
VestChain saw the number of wallets holding its coin go from 30,095 to 30,094 over the past week — a change of 0.00%. And in regards to cumulative transactions logged on the blockchain, they went from 43,795 to 43,797, 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 6.06% of the coins in our index. 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 1.03 years 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 20 % 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. 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 81% 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
