VestChain (VEST) July 22, 2019 Week In Review: Price Down 4.15%

.

Price Action

In the week prior, the price for VestChain went down by -4.15%. It is below its 20 day moving average by 18.18%, so it’s a bit of a ways off. VestChain’s bullish momentum, determined by its distance from its 20 day moving average, is among the worst compared to other cryptocurrencies, and thus may indicate the coin has swung too far and too fast — and may thus be due for consolidation or a bullish correction. Now when considering volatility, VestChain is more prone to sizable price moves than 82% of coins in our index, so bear that in mind if you decide to trade it. If volatility over the past three weeks is any indication of what’s to come, we can expect VestChain to bounce between 0.007467751 and $0.01685195 US dollars per coin.

Where to trade Vestchain (symbol: VEST): Stex

Volume Update

Over the past week, VestChain saw its daily volume range between 31,099.57 and 14,787,215 units of its own currency. In the three weeks prior, both price and volume have been declining. Over the past week, VestChain saw its trading turnover — which we define as average daily trading volume divided by circulating supply — register at 0.09%. This turnover rate is higher than approximately 10% 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

Over the past week, VestChain saw its holders go from 30,095 to 30,095, an increase of 0.00%. And in regards to cumulative transactions logged on the blockchain, they went from 43,825 to 43,825, 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 6.15% of the coins in our index. This growth rate suggests 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 1.09 years 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 public repos now have 3 which is very bad on a relative basis; it bests only 7 % of the 100 similar coins in our index. The coin has 0 total outstanding issues across all 2 of its public repositories on GitHub. 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 93% 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

Stay up to date on crypto news!

Sign up for our newsletter for all the hottest crypto stories, ICO reviews, and insights from leading experts of the crypto world - four times a week.

You have been signed up!